Industrial IoT Market Is Presumed To Grow At A CAGR Of 27.8% From 2017 To 2025

Global Industrial Enzymes Market is expected to reach USD 9.63 billion by 2024, according to a new report by Grand View Research, Inc. The market is expected to witness significant growth owing to increasing substitution of chemicals with industrial enzymes particularly in food & beverage and nutraceutical applications.

Growing applications of industrial enzymes for use in detergents and as ingredients in food processing industry is expected to fuel the demand. Proteases are extensively used in the detergent industry owing to its superior stain removal properties. However, the demand in the detergent application is expected to witness sluggish growth owing to market saturation.

Growing use of protease in bakery products is expected to drive market growth. Furthermore, increasing application scope of the product in nutraceutical industry as a digestive enzyme is expected to drive demand.

Technological advancements in the field of industrial enzymes have led to the use of the product as cleaning agents. The increasing use of enzymes or waste water treatment is also expected to drive the demand over the forecast period.

Neozymes, DSM, and Danisco dominated the global industrial enzymes market in 2015 with the industry being characterized by forward integration by manufacturers to distribution and end-use. Manufacturers such as DuPont and DSM manufacture industrial enzymes for specialized applications. The global industrial enzymes market is dominated by North America due to the presence of a large number of manufacturers in the U.S. and Canada.

Full Research Report on Global Industrial Enzymes Market Analysis:  http://www.grandviewresearch.com/industry-analysis/industrial-enzymes-market

Further key findings from the report suggest:

• Industrial enzymes demand for lipases is expected to witness substantial growth, growing at over 8.0% from 2016 to 2024. Increasing demand for the product in food & beverage and textile industry is expected to augment growth over the forecast period.
• The feed additive enzymes are expected to be the fastest growing product segment, growing at over CAGR 9.0% from 2016 to 2024. The increasing use of enzymes as a protein source in animal feed is to improve performance in livestock which in turn is anticipated to drive demand over the projected period.
• Asia Pacific is expected to witness substantial growth, growing at a CAGR of over 10.0% from 2016 to 2024. Robust expansion in food processing industries particularly in Asia Pacific is expected to augment growth. Furthermore, the supportive regulations promoting the expansion of manufacturing industries is expected to have a positive impact on market growth.
• Europe accounted for over 29.0% of the market share in 2015 and is expected to witness significant growth owing to rising demand in pharmaceutical and textile industry. Stringent regulations prohibiting the use of toxic chemicals and catalysts in various applications is expected to positively impact market over the next eight years.
• Key players in the industry include BASF SE, Koninklijke DSM N.V, Novozymes A/S., Associated British Foods PLC E. I. Du Pont De Nemours and Company Adisseo France SaS, Dyadic International Incorporated CHR, Codexis Incorporated. Hansen Holding A/S, and Amano Enzyme Incorporated.

View all Related Reports from this Category: http://www.grandviewresearch.com/industry/catalysts-and-enzymes

Grand View Research has segmented the Global Industrial Enzymes Market on the basis of product, application, end-use and region:

Industrial Enzymes Market Product Outlook (Revenue, USD Million, 2013 - 2024)

• Carbohydrase
• Proteases
• Lipases
• Polymerases & nucleases
• Others

Industrial Enzymes Market Application Outlook (Revenue, USD Million, 2013 - 2024)

• Technical
• Feed additive
• Food processing

Industrial Enzymes Market End-use Outlook (Revenue, USD Million, 2013 - 2024)

• Food & beverage
• Detergents
• Animal feed
• Textile
• Paper & pulp
• Nutraceutical
• Personal care & cosmetics
• Wastewater

Industrial Enzymes Market Regional Outlook (Revenue, USD Million, 2013 - 2024)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Middle East & Africa
• South Africa

View Press Release of this Report By Grand View Research: http://www.grandviewresearch.com/press-release/global-industrial-enzymes-market

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit: www.grandviewresearch.com

Industrial Enzymes Market Is Anticipated To Growing At Over 8.0% From 2016 To 2024

Global Industrial Enzymes Market is expected to reach USD 9.63 billion by 2024, according to a new report by Grand View Research, Inc. The market is expected to witness significant growth owing to increasing substitution of chemicals with industrial enzymes particularly in food & beverage and nutraceutical applications.

Growing applications of industrial enzymes for use in detergents and as ingredients in food processing industry is expected to fuel the demand. Proteases are extensively used in the detergent industry owing to its superior stain removal properties. However, the demand in the detergent application is expected to witness sluggish growth owing to market saturation.

Growing use of protease in bakery products is expected to drive market growth. Furthermore, increasing application scope of the product in nutraceutical industry as a digestive enzyme is expected to drive demand.

Technological advancements in the field of industrial enzymes have led to the use of the product as cleaning agents. The increasing use of enzymes or waste water treatment is also expected to drive the demand over the forecast period.

Neozymes, DSM, and Danisco dominated the global industrial enzymes market in 2015 with the industry being characterized by forward integration by manufacturers to distribution and end-use. Manufacturers such as DuPont and DSM manufacture industrial enzymes for specialized applications. The global industrial enzymes market is dominated by North America due to the presence of a large number of manufacturers in the U.S. and Canada.

Full Research Report on Global Industrial Enzymes Market Analysis:  http://www.grandviewresearch.com/industry-analysis/industrial-enzymes-market

Further key findings from the report suggest:

• Industrial enzymes demand for lipases is expected to witness substantial growth, growing at over 8.0% from 2016 to 2024. Increasing demand for the product in food & beverage and textile industry is expected to augment growth over the forecast period.
• The feed additive enzymes are expected to be the fastest growing product segment, growing at over CAGR 9.0% from 2016 to 2024. The increasing use of enzymes as a protein source in animal feed is to improve performance in livestock which in turn is anticipated to drive demand over the projected period.
• Asia Pacific is expected to witness substantial growth, growing at a CAGR of over 10.0% from 2016 to 2024. Robust expansion in food processing industries particularly in Asia Pacific is expected to augment growth. Furthermore, the supportive regulations promoting the expansion of manufacturing industries is expected to have a positive impact on market growth.
• Europe accounted for over 29.0% of the market share in 2015 and is expected to witness significant growth owing to rising demand in pharmaceutical and textile industry. Stringent regulations prohibiting the use of toxic chemicals and catalysts in various applications is expected to positively impact market over the next eight years.
• Key players in the industry include BASF SE, Koninklijke DSM N.V, Novozymes A/S., Associated British Foods PLC E. I. Du Pont De Nemours and Company Adisseo France SaS, Dyadic International Incorporated CHR, Codexis Incorporated. Hansen Holding A/S, and Amano Enzyme Incorporated.

View all Related Reports from this Category: http://www.grandviewresearch.com/industry/catalysts-and-enzymes

Grand View Research has segmented the Global Industrial Enzymes Market on the basis of product, application, end-use and region:

Industrial Enzymes Market Product Outlook (Revenue, USD Million, 2013 - 2024)

• Carbohydrase
• Proteases
• Lipases
• Polymerases & nucleases
• Others

Industrial Enzymes Market Application Outlook (Revenue, USD Million, 2013 - 2024)

• Technical
• Feed additive
• Food processing

Industrial Enzymes Market End-use Outlook (Revenue, USD Million, 2013 - 2024)

• Food & beverage
• Detergents
• Animal feed
• Textile
• Paper & pulp
• Nutraceutical
• Personal care & cosmetics
• Wastewater

Industrial Enzymes Market Regional Outlook (Revenue, USD Million, 2013 - 2024)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Middle East & Africa
• South Africa

View Press Release of this Report By Grand View Research: http://www.grandviewresearch.com/press-release/global-industrial-enzymes-market

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit: www.grandviewresearch.com

Electric DC Motors Market Is Anticipated To Growing At A CAGR Of 6.1% During Forecast Period 2014-2025

Global Electric DC Motors Market is expected to reach USD 34.25 billion by 2025, according to a new report by Grand View Research, Inc. These motors are extensively used in compressors, machine tools, electric cars, and domestic appliances, among others. Major advantages, such as lesser rotor heat and higher peak efficiency as compared to other motors, make them suitable for applications in a variety of fields. These high-efficiency motors are expected to gain importance due to their long operating life, low maintenance, and low energy consumption.

The increasing global demand for DC motor-driven equipment is further boosting the market growth. Factors including large-scale adoption in forklift chemical injection pumps and HVAC applications are estimated to catapult the prospects for market growth by 2025. Electric DC type have undergone several advancements over the past few years, owing to which the current motor demand is expected to gain traction in future.

The electric DC motors market is projected to witness a significant growth over the forecast period, which is stemmed from the increasing automobile production as well as the number of motors per car. The market is driven by the rising manufacturing and purchasing activities in the electric vehicle industry globally. Improving standards of living and rising income levels are anticipated to further spur the global production of motor vehicles and electronic appliances. The growing popularity of vehicle features such as motorized seats, adjustable mirrors, and sunroof systems is driving demand for electric DC motors, especially brushless types.

The ever-increasing fuel prices and growing need among consumers for using cleaner energy have driven demand for electric motors in the recent years. The use of DC type as the primary component of electric motors is likely to drive market growth in future. Furthermore, the rising environmental concern is a key factor expected to spur growth.

The ability of DC type to save energy, along with enhancing the reliability and operational efficiency of equipment, is expected to result in their augmented adoption over the forecast period. Furthermore, the growing awareness of green vehicles among customers coupled with several government initiatives to promote green vehicles for safeguarding the environment from carbon emissions are contributing to the market growth. They are expected to further drive demand for DC type over the forecast period.

HVAC systems are generally implemented in large offices, corporate spaces, and shopping malls. DC motors are used in HVAC equipment for the movement of air from one place to another. The rising rate of urbanization and improved standard of living are likely to lead to the large-scale implementation of HVAC systems, thereby driving the demand globally.

Full Research Report on Global Electric DC Motors Market Analysis:
http://www.grandviewresearch.com/industry-analysis/electric-dc-motor-market

Further key findings from the report suggest:

• The electric DC motors market was USD 20,196.6 million in 2016 and is expected to grow at a CAGR of 6.1% over the forecast period, which is primarily attributed to their increasing application in industrial machinery and electric vehicles.
• The brushless segment accounted for a major share in 2016 owing to factors such as thermal resistance, low maintenance, and low operating temperatures.
• The increasing utilization of 0-750W segment in applications such as plastic extruders, packaging machinery, and conveyors are expected to lead to the rising demand for the segment by 2025.
• DC types are widely adopted in the industrial machinery segment, which is ascribed to features such as robust functioning and safer operations that they offer across numerous applications.
• The Asia Pacific region is anticipated to witness growth at a CAGR exceeding 5% over the forecast period, owing to increasing industrialization in the developing economies of China, India, and Indonesia.
• Key players such as Ametek Inc., Franklin Electric Co., Asmo Co. Ltd., and ABB Ltd. dominated the market in 2016 with their emphasis on expanding market presence through mergers and acquisitions.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/electronic-devices

Grand View Research has segmented the Global Electric DC Motors Market based on type, voltage, end use, and regions:

Electric DC Motors Type Outlook (Revenue, USD Million, 2014 - 2025)

• Brushed DC Motors
• Brushless DC Motors

Electric DC Motors Voltage Outlook (Revenue, USD Million; 2014 - 2025)

• 0 - 750 Watts
• 750 Watts - 3 kW
• 3 kW - 75 kW
• Above 75 kW

Electric DC Motors End-Use Outlook (Revenue, USD Million; 2014 - 2025)

• Industrial Machinery
• Motor Vehicles
• HVAC Equipment
• Aerospace & Transportation
• Household Appliances
• Others

Electric DC Motors Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa

View Press Release Of This Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-electric-dc-motor-market         

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit: www.grandviewresearch.com

Baking Ingredients Market Is Expected To Growing At A CAGR Of 5.8% During Forecast Period 2014-2025

Global Baking Ingredients Market is expected to reach USD 19.4 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 5.8% over the forecast period, owing to Increasing consumer preferences for wide variety of tastes is expected to be the key factor driving the growth of baking ingredients market. In addition, rise in food-away from home expenditures is also propelling market growth.

Baking ingredients are widely used in various end-use segments such as bread, cookies, biscuits, cakes, pastries, rolls, pies, tarts and cupcakes. The baking ingredients market is mainly driven by the demand from the bread end-use segment, as it is the staple food in developed countries and affordable to many price sensitive consumers in emerging economies. In countries like China and India, bread is replacing many traditional breakfast and snack items.

Increase in away from home food expenditures is leading to the increase in the number of retail outlets, in-store bakeries, convenience stores, artisan bakeries, and coffee shops providing various baked good with innovative flavors. In addition, increasing urbanization and improving economic conditions in transition economies is also having a cumulative effect on the overall market.

In terms of revenue, enzymes and emulsifiers were estimated as the fastest growing ingredients. 

These segments are expected to register double digit growth rate in China. Enzymes and emulsifiers have several positive influences in the baking process such as improving the dough stability, extending shelf life, influencing fermentation activity and reduces production cost. Enzymes, emulsifiers, leavening agents, oils, fats and shortenings help in expanding the penetration of packaged food market.

Full Research Report on Global Baking Ingredients Market Analysis:
http://www.grandviewresearch.com/industry-analysis/baking-ingredients-market

Further key findings from the report suggest:

• Enzymes as baking ingredient is expected to witness the highest growth in terms of value at a CAGR of 7.9% from 2017 to 2025. Enzymes have a prominent role in increasing the shelf-life and providing anti-staling properties in the baked product. Furthermore, technological advancements in developing new enzymes is expected to augment the growth over the forecast period.
• Bread segment emerged as the largest end-use in terms of value in 2016 and is estimated to reach USD 8,541.6 million by 2025. Bread is a staple food in many of the countries in Europe, North America and Central & South America and has varied application in food processing industry.
• The industry in Asia Pacific is expected to witness significant growth over the next eight years owing to rising working population and customer’s inclination adapting western food life style. In terms of revenue, the Asia Pacific is expected to grow at a CAGR of 7.2% from 2017 to 2025
• Key players include Flowers Foods Inc, Hostess Brands LLC, Mckee Foods Corporation, George Weston Ltd., Grupo Bimbo. S.A.B. de C.V., Uniferm GmbH & Co., Koninklijke DSM N.V, General Mills Inc, Associated British Foods Plc

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/ready-to-eat-processed-and-frozen-foods

Grand View Research has segmented the Global Baking Ingredients Market on the basis of end-use, product type and region:

Baking Ingredients End-use Outlook (Revenue, USD Million, 2014 - 2025)

• Bread 
• Cookies & Biscuits 
• Cakes & Pastries 
• Rolls & Pies 
• Other

Baking Ingredients Product Type Outlook (Revenue, USD Million, 2014 - 2025)

• Emulsifiers 
• Leavening Agents 
• Enzymes 
• Baking Powder & Mixes 
• Oils, Fats, and Shortenings 
• Colors & Flavors 
• Starch 
• Others

Baking Ingredients Regional Outlook (Revenue, USD Million, 2014 - 2025)

• North America
• U.S.
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Central & South America
• Brazil
• Middle East & Africa 

View Blog On This Report by Grand View Research: 

http://www.grandviewresearch.com/blog/baking-ingredients-market-size-share        

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit: www.grandviewresearch.com

Field Service Management Market Is Projected To Growing an approximate CAGR of 10% During Forecast Period 2014-2025

Global Field Service Management (FSM) Market is expected to reach USD 4.16 billion by 2025, according to a new report conducted by Grand View Research, Inc. Various other factors such as improper management of inventory, increased inventory cycle time, increased holding cost, increased ordering cost and incorrect information about the stock further increase the cost of business operations. FSM software helps to fortify the functionality of the service industry while improving overall profitability.

The main forces which are driving the market include the increase in number of field operations across manufacturing, oil & gas and construction sector., increase in the use of smartphone devices, and rising demand for better organizational efficiency and reduced cost of operations. The advancement of cloud services, supports the integration of cloud to the FSM software. This is expected to surge the FSM market growth over the next nine years. Over the forecast period, most of the end use industries are expected to deploy the FSM software on the cloud rather than on the premise.

The global field service management market is anticipated to witness a high growth over the forecast period. The high presence of smartphones and tablets are playing an important role in the overall growth of the FSM industry globally. FSM solutions are also compatible with next generation smartphone operating systems, further boosting their importance across the competitive landscape.

Full Research Report on Global Field Service (FSM) Management Market Analysis:
http://www.grandviewresearch.com/industry-analysis/field-service-management-market

Further key findings from the report suggest:

• The mobile field execution solution provided by the FSM software is the most preferred solution by the end use industries which helps in execution and maintenance of field work by technicians, reporting status, receiving alerts, gain visibility to individual performance.
• Most of the end use industries such as utilities, healthcare, IT among others are moving from on-premise deployment to cloud deployment of the FSM software as it enables faster deployment speeds and reduces upfront costs.
• As compared to the small and medium enterprises, the large enterprises are increasingly adopting the FSM software for the management of large on field technicians and employees who work on field.
• The FSM software is being increasingly adopted across the construction industry due to the rapid industrialization and increasing population particularly in developing countries such as China and India.
• The FSM market is in the developing stage in the regions of Asia-Pacific, Middle East & Africa, and Latin America due to their increase in investment in IT sector and increased focus on digital workplace transformation initiatives.
• The key purveyors in this industry comprise Accenture, Cisco Systems, Astea International, Inc., Comarch, ClickSoftware Technologies, Klugo, Infor, SAP, ServiceMax, Trimble Navigation Limited, among others.

View more reports of this category by Grand View Research at:
http://www.grandviewresearch.com/industry/communication-services

Grand View Research has segmented the Global Field Service Management Market on the basis of solution, deployment, service, enterprise, application and region:

Field Service Management Solution Outlook (Revenue, USD Million; 2014 - 2025)

• Mobile Field Execution
• Service Contract Management
• Warranty Management
• Workforce Management
• Customer Management
• Inventory Management
• Others

Field Service Management Deployment Outlook (Revenue, USD Million; 2014 - 2025)

• On-premise
• Cloud

Field Service Management Service Outlook (Revenue, USD Million; 2014 - 2025)

• Implementation
• Training & support
• Consulting & advisory

Field Service Management Enterprise Outlook (Revenue, USD Million; 2014 - 2025)

• Small & medium enterprises
• Large enterprises

Field Service Management Application Outlook (Revenue, USD Million; 2014 - 2025)

• Energy & Utilities
• Telecom
• Manufacturing
• Healthcare
• BFSI
• Construction & Real Estate
• Transportation & Logistics
• Others

Material Handling Equipment Regional Outlook (Revenue, USD Million; 2014 - 2025)

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• Asia Pacific
• China
• India
• Japan
• Latin America
• Middle East & Africa

View Press Release Of This Report by Grand View Research: http://www.grandviewresearch.com/press-release/global-field-service-management-fsm-market       

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit: www.grandviewresearch.com

Lightweight Materials Market Is Expected To Witness Growth At A CAGR Of Over 8% From 2016 To 2024

Global Lightweight Materials Market is projected to reach USD 225.35 billion by 2024, according to a new report by Grand View Research, Inc. Positive automotive outlook coupled with increased number of wind project installations is expected to boost demand for these materials.

Lightweight materials are gaining popularity in various applications instead of iron and steel on account of improved performance. The fuel efficiency advantage facilitates use in application segments including automotive and aviation. The reduction in CO₂ emissions on account of enhanced fuel efficiency in passenger vehicles will augment the demand for these materials.

U.S and China contribute to the majority of the product demand owing to the presence of a large number of automotive and aviation component manufacturers. Rising innovation in the aviation sector and an increasing number of wind project installations globally is expected to have a positive impact on demand.

Full Research Report on Global Lightweight Materials Market Analysis
http://www.grandviewresearch.com/industry-analysis/lightweight-materials-market

Further key findings from the report suggest

• Automotive application segment was the largest consumer of the product in 2015 on account of increasing demand for vehicles with enhanced fuel efficiency. The consumption of lightweight materials in the automotive application was over 27 million tons in 2015 and is expected to grow at a CAGR of 8% from 2016 to 2024.
• High strength steel is expected to be the fastest growing product segment on account of enhanced lightweight advantage when combined with aluminum for manufacturing of vehicle body. The demand for high strength steel was over USD 8; billion in 2015 and is expected to grow at a CAGR of 10% from 2016 to 2024.
• Asia Pacific was worth USD 42 billion in 2015 and is likely to witness significant growth owing to rising wind energy installations. Countries such as Japan and India are expected to add over 10 GW of wind energy resulting in the increased application of lightweight materials.
• Companies are focusing on increasing their market share within the industry through various strategic initiatives such as mergers and acquisitions. In December 2015, Solvay acquired Cytec Industries aiming to enter the lightweight materials market with a broad product portfolio. In March 2015, Alcoa acquired RTI International Metals to expand its offerings in titanium and other advanced manufacturing & material technologies.

View more reports of this category by Grand View Research at: 

http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

Grand View Research has segmented the Global Lightweight Materials Market on the basis of product, application and region:

Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Aluminum
• High Strength Steel
• Titanium
• Magnesium
• Polymers & Composites
• Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)

• Automotive
• Aviation
• Energy
• Others

Regional Outlook (Volume, Million Square Meter; Revenue, USD Million, 2013 - 2024)

• North America
• U.S.
• Europe
• Germany
• Asia Pacific
• China
• Latin America
• Brazil
• MEA

View Press Release of this category by Grand View Research: http://www.grandviewresearch.com/press-release/global-lightweight-materials-market       

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit: www.grandviewresearch.com

Levulinic Acid Market Demand Was 2,606.2 Tons In 2013 And Is Projected To Be 3,820 Tons By 2020

Global Levulinic Acid Market demand was 2,606.2 tons in 2013 and is projected to be 3,820 tons by 2020. The increasing application of levulinic acid, especially in pesticides, solvents, pharmaceuticals, and cosmetics industries are anticipated to boost growth in the coming years.

Over the past few years, the chemical industry has continually been striving towards attaining a sustainable growth, with a focus on the development of renewable biotechnological and bio-based products. The production technology for bio-based levulinic acid has been simplified by dehydration of biomass or carbohydrates with acid. Levulinic acid is being increasingly used as a substitute to its synthetic counterparts in industrial usage.

The global levulinic acid market is anticipated to reach USD 19.65 million revenue, with a growing CAGR of 4.8% by 2020. Increasing usage of the acid in niche applications including plastics, nylons and rubbers are expected to drive demand in the coming years. Increasing R&D expenditure, mainly to diminish production costs of levulinic acid to competitive levels is a critical factor for market players.

Full Research Report on Global Levulinic acid market Analysis:
http://www.grandviewresearch.com/industry-analysis/levulinic-acid-market

Agriculture and pharmaceutical together accounted for over 66% of the overall volume in 2013. Demand for levulinic acid in the agricultural sector and its related applications is expected to grow at a CAGR of 6%, whereas the market is anticipated to grow at 5.4% CAGR from 2014 to 2020 in the pharmaceutical sector.

Apart from these applications, levulinic acid is also moderately used in the production of cigarettes to enhance delivery of nicotine in smoke, making it more receptive to neurons. Methyltetrahydrofuran (MTHF), a critical component of levulinic acid acts as a fuel additive. MTHF is commercially used in automotive segments as fuel extenders and is projected to have a potential demand of 20,000 kilo tons by 2020.

North America dominated the levulinic acid market contributing to more than 41% of the overall demand in 2013. Levulinic acid demand in the region is anticipated to be 1,598.3 tons by 2020, growing at a CAGR of 5.6% over the forecast period, owing to the presence of the prominent application players in the region.

Europe and Asia Pacific are emerging markets for levulinic acid. China, being one the major suppliers, manufactures, and sells the product at a relatively lower price to companies present in the U.S. and Europe which produce downstream products of the chemical. Europe, being the second largest consumer, accounted for 31% of the overall market volume in 2013.

Major market players include Segetis, Biofine, and DuPont. China has large an unorganized manufacturing base with major suppliers being Ouyi Pharmaceutical Co Ltd. and Shijiazhuang Pharmaceutical Group. Biofine has been one of the prominent manufacturers in the industry, with a key focus on MTHF and DALA applications.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/renewable-chemicals

Grand View Research has segmented the Global Levulinic Acid Market on the basis of application and region:

Levulinic Acid Application Outlook
        • Pharmaceuticals
        • Agriculture (Organic potassium fertililizer DALA, 2--Methylindole-3-acetic acid)
        • Food Additives
        • Cosmetics
Levulinic Acid Regional Outlook
        • North America
        • Europe
        • Asia Pacific
        • Rest of the World
Bio-based Levulinic Acid Potential Downstream Platform Outlook
        • Methyltetrahydrofuran (MTHF)
        • Delta aminolevulinic acid (DALA)
        • Diphenolic Acid
        • Others

View Press Release of this category by Grand View Research: http://www.grandviewresearch.com/press-release/global-levulinic-acid-market      

About Grand View ResearchGrand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit: www.grandviewresearch.com