SAN FRANCISCO, March 14, 2016 /PRNewswire/ --
The global ethyl levulinate market is expected to reach USD 11.8 million by 2022, according to a new report by Grand View Research, Inc. The global industry is in its nascent stage and is characterized by few industry participants. Presence of very few manufacturers gives a competitive edge over new entrants. Industry participants as well as governments have been extensively investing in R&D to develop novel applications as well as cheaper raw materials. Potential applications such as bio-diesel additive are expected to positively impact the market.
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Browse full research report with TOC on "Ethyl Levulinate Market Analysis By Application (Flavors, Fragrances), Potential Downstream Applications And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/ethyl-levulinate-market
Prolonged exposure to ethyl levulinate may cause dizziness, eye irritation, lung damage, coma and behavioral changes. Such toxic effects are presumed to expose ethyl levulinate industry to several regulations, thus constricting market growth and development. Several R&D initiatives are being taken by government to come up with cheaper raw material for ethyl levulinate production. This is projected to create ample opportunities for this industry over the forecast period.
Further key findings from the study suggest:
Grand View Research has segmented the ethyl levulinate market on the basis of application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand 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.
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