Scienza e Tecnologia
Levulinic Acid Market size worth $ 30.21 Million, Globally, by 2028 at 5.3% CAGR: Verified Market Research®
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Levulinic Acid is also widely known as keto acid. It is an organic compound extracted from the degradation of cellulose. Levulinic acid is replacing petroleum-based products in different industries such as biofuel. Normally, it is produced from manure, brewery waste, and biomass. Its production process includes acidic hydrolysis of furfuryl alcohol, hydrolyzing acetyl succinate esters, and ozone-based oxidation of ketones.
Levulinic Acid is replacing phthalate plasticizers for the production of polyvinyl chloride (PVC) which is driving the demand in the market for the adoption of levulinic acid and is increasing the growth of the market at a rapid pace. Furthermore, with the growth of the construction and automotive sectors, the demand for Levulinic Acid is also increasing.
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