Tuesday, October, 15, 2019 03:58:23

North America Ethyl Levulinate Market Size to gain remarkable traction from fragrance industry

North America, driven by Canada and the U.S ethyl levulinate market size may witness strong gains. Increasing importance of food additives to improve taste and flavour may drive regional demand. Growing perfumes and body spray demand due to presence of various international perfume brands supported by rising purchasing power is likely to drive fragrance industry thereby stimulating product demand. Rise in awareness for bio fuel and strict pollution regulations may propel industry growth.

Europe driven by U.K, France & Germany ethyl levulinate market may experience favourable growth. Italy & France are fashion trendsetters and account maximum revenue from perfume industry. European wineries have strong hold over global wine supply and increasing wine popularity may drive regional growth.

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Ethyl Levulinate Market size may observe steady growth over the foreseeable timeframe owing to increase in application in food flavours and fragrance industry.

It is formed by levulinic acid esterification with ethanol According to analysis, ethyl levulinate can be manufactured from furfuryl alcohol derived from biomass with aid of eco-friendly catalyst.

Ethyl levulinate is used in research laboratory & institutions as lab chemical. It has positive application scope in analytical separation technique for wine testing. High performance liquid chromatography (HPLC) is used to distinguish various wine types and preserve wine taste. Wine industry is growing in Spain, France, Italy, Portugal and China owing to increasing consumer spending on wine consumption. Wine imparts typical aroma and taste thereby becoming popular in cuisines, biscuits, cookies and chocolate preparation.

Perfume and body spray has accounted highest market share in 2016 in fashion industry. Global fragrance market size was valued at over USD 40 billion in 2016 and may experience significant growth in demand. Ethyl levulinate imparts fragrance to perfumes and spray which forms a vital part of personal grooming kit. Rise in perfumes and body spray demand among young generation owing to growing significance of individual style stating which may propel perfume industry growth. Increasing personal grooming awareness and expanding perfume industry may drive ethyl levulinate market size.

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Ethyl levulinate market share is fragmented with few players present. Key players are Alfa Aesar, Oakwood Products, Tokyo Chemical, Ventos and Sigma Aldrich.

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