The global Levulinic Acid for Agriculture  Market is expected to reach USD 61.2 Million by 2027, according to a new report by Reports and Data. Levulinic acid is a very versatile chemical that finds usage in several end-use industries attributed to its application as food & feed additive, fertilizer, fungicide, plasticizer, coating, and antifreeze, among others. Agriculture...

Some of the key factors such as the extensive use of this acid for manufacturing of PVC which is a better alternative for phthalate plasticizers and growing use of the acid in niche applications including plastics, nylons and rubbers are driving the market growth. However, rising R&D expenditure which diminishes the production costs is the restraining factors for the market growth....