Chemical & Materials Trending Levulinic Acid Market | Page 3

Drivers
• The key factor fueling the growth of the levulinic acid market is the increasing demand for
levulinic acid from plasticizers, pharmaceuticals, and cosmetic industries.
• Levulinic acid is used in anti–inflammatory medication, and mineral supplements in
pharmaceutical applications.
• Renewable chemicals have generated considerable interest in consumers. However, consumers
are unwilling to pay more for them, as besides high initial cost, use of renewable chemicals also
involves modification costs, such as alterations in production processes.
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