Levulinic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Levulinic Acid Market is Segmented by End-User Industry (Cosmetics and Personal Care, Pharmaceuticals, Agrochemicals, Polymers and Plasticizers, Fuel and Fuel Additives, Flavors and Fragrances, and Other End-User Industries) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Report Offers Market Size and Forecasts of the Market in Terms of Volume (Tons) for all the Above Segments.

Levulinic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Levulinic Acid Market Size

Levulinic Acid Market Summary
Study Period 2019 - 2030
Market Volume (2025) 22.29 kilotons
Market Volume (2030) 30.01 kilotons
CAGR 6.13 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Levulinic Acid Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Levulinic Acid Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

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Levulinic Acid Market Analysis

The Levulinic Acid Market size is estimated at 22.29 kilotons in 2025, and is expected to reach 30.01 kilotons by 2030, at a CAGR of 6.13% during the forecast period (2025-2030).

Due to COVID-19, production in various chemical and other industries decreased, and the supply of raw materials to industries was significantly affected. The unfavorable conditions arising from the pandemic resulted in the negative growth of the Levulinic Acid Market. However, the market was anticipated to retain its growth trajectory in 2022 due to the resumed production processes of all industries.

  • Over the medium term, the major factor driving the market's growth studied is the increasing usage as substitutes for traditional fertilizers.
  • On the flip side, the substitution from alternatives is expected to hinder the market's growth.
  • The growing prevalence of bio-based levulinic acid is an opportunity for market growth shortly.
  • The Asia-Pacific region is expected to dominate the market and will likely witness the highest CAGR during the forecast period.

Levulinic Acid Industry Overview

The Levulinic Acid Market is consolidated, with a few companies controlling the majority share in the market. The major companies in this market (not in any particular order) include GFBiochemicals Ltd, Alfa Aesar - Thermo Fisher Scientific, Tokyo Chemical Industry Co. Ltd, Ascender Chemical Co. Ltd, and Merck KGaA.

Levulinic Acid Market Leaders

  1. GFBiochemicals Ltd

  2. Merck KGaA

  3. Tokyo Chemical Industry Co., Ltd.

  4. Ascender Chemical Co.,Ltd.

  5. Alfa Aesar, Thermo Fisher Scientific

  6. *Disclaimer: Major Players sorted in no particular order
Levulinic Acid Market Concentration
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Levulinic Acid Market News

  • June 2022: GFBiochemicals agreed with German chemical giant BASF's European distribution organization, BTC Europe GmbH, on distributing biobased and biodegradable solvents derived from levulinic acid for the European market.

Levulinic Acid Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Usage as a Substitute for Traditional Fertilizer
    • 4.1.2 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Unfavorable Conditions Arising Due to the COVID-19 Impact
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 End-user Industry
    • 5.1.1 Cosmetics and Personal Care
    • 5.1.2 Pharmaceuticals
    • 5.1.3 Polymers and Plasticizers
    • 5.1.4 Fuel and Fuel Additives
    • 5.1.5 Flavors and Fragrances
    • 5.1.6 Other End-user Industries
  • 5.2 Geography
    • 5.2.1 Asia-Pacific
    • 5.2.1.1 China
    • 5.2.1.2 India
    • 5.2.1.3 Japan
    • 5.2.1.4 South Korea
    • 5.2.1.5 Rest of Asia-Pacific
    • 5.2.2 North America
    • 5.2.2.1 United States
    • 5.2.2.2 Canada
    • 5.2.2.3 Mexico
    • 5.2.3 Europe
    • 5.2.3.1 Germany
    • 5.2.3.2 United Kingdom
    • 5.2.3.3 France
    • 5.2.3.4 Italy
    • 5.2.3.5 Rest of Europe
    • 5.2.4 South America
    • 5.2.4.1 Brazil
    • 5.2.4.2 Argentina
    • 5.2.4.3 Rest of South America
    • 5.2.5 Middle-East and Africa
    • 5.2.5.1 Saudi Arabia
    • 5.2.5.2 South Africa
    • 5.2.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%) Analysis** / Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 AK Scientific Inc.
    • 6.4.2 Alfa Aesar, Thermo Fisher Scientific
    • 6.4.3 Aromalake Chemical Co. Ltd
    • 6.4.4 Ascender Chemical Co. Ltd
    • 6.4.5 Bio-On SpA
    • 6.4.6 Boerchem Pharmtech Co. Ltd
    • 6.4.7 GC Innovation America
    • 6.4.8 GFBiochemicals Ltd
    • 6.4.9 Merck KGaA
    • 6.4.10 Summit Cosmetics Corporation
    • 6.4.11 Tokyo Chemical Industry Co. Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Growing Prevalence of Bio-based Levulinic Acid
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Levulinic Acid Industry Segmentation

Levulinic acid is a white crystalline solid soluble in water and organic solvents. It is an organic compound and is derived from cellulose degradation.

The levulinic acid market is segmented by end-user industry (Cosmetics and Personal Care, Pharmaceuticals, Agrochemicals, Polymers and Plasticizers, Fuel and Fuel Additives, Flavors and Fragrances, and Other End-user Industries) and geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for the market in terms of volume (Tons) for all the above segments.

End-user Industry Cosmetics and Personal Care
Pharmaceuticals
Polymers and Plasticizers
Fuel and Fuel Additives
Flavors and Fragrances
Other End-user Industries
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Levulinic Acid Market Research FAQs

How big is the Levulinic Acid Market?

The Levulinic Acid Market size is expected to reach 22.29 kilotons in 2025 and grow at a CAGR of 6.13% to reach 30.01 kilotons by 2030.

What is the current Levulinic Acid Market size?

In 2025, the Levulinic Acid Market size is expected to reach 22.29 kilotons.

Who are the key players in Levulinic Acid Market?

GFBiochemicals Ltd, Merck KGaA, Tokyo Chemical Industry Co., Ltd., Ascender Chemical Co.,Ltd. and Alfa Aesar, Thermo Fisher Scientific are the major companies operating in the Levulinic Acid Market.

Which is the fastest growing region in Levulinic Acid Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Levulinic Acid Market?

In 2025, the Asia Pacific accounts for the largest market share in Levulinic Acid Market.

What years does this Levulinic Acid Market cover, and what was the market size in 2024?

In 2024, the Levulinic Acid Market size was estimated at 20.92 kilotons. The report covers the Levulinic Acid Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Levulinic Acid Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Levulinic Acid Industry Report

Statistics for the 2025 Levulinic Acid market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Levulinic Acid analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.