The global demand for Gamma-Valerolactone Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX KT in 2021 and foreseen to touch XX KT by 2028 with a CAGR of XX% during 2020-2026.
Gamma-Valerolactone (GVL) is a colourless liquid found naturally in fruits. It is used as a fuel additive and food ingredient. It is a green solvent obtained from cellulosic biomass which is obtained from hexoses. In a synthesis process, cellulosic biomasses, such as sawgrass, corn stover, or wood is hydrolysed into glucose and other sugars using acid catalysts. It can be used for the production of fuel additives, biofuels, and polymers.
Growing production of polymer and fuel additive is driving the growth of the market. Apart from traditional uses, GVL has gained popularity as a green fuel and solvent. Due to the rising environmental concerns and toxicity of the traditional solvents, there has been a rising shift towards a sustainable solution. Due to GVL’s environmentally friendly profile, it is increasingly used for the manufacturing of biofuel. Gamma-valerolactone has shown promise in laboratory-scale thermocatalytic production of soluble carbohydrates from corn stover and wood at high yields. One of the main features that allows GVL to be a practical option for biofuel is that it is relatively inexpensive to produce. However, blending limits for use in conventional combustion engines makes it unattractive.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of gamma-valerolactone.
The entire gamma-valerolactone market has been sub-categorized into type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Food Grade
- Industrial Grade
- Food Flavors
- Monomer Intermediate
This section covers regional segmentation which accentuates on current and future demand for gamma-valerolactone market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Gamma Valerolactone Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the gamma-valerolactone market include Anhui Hyea Aromas, Dideu Industries, Kunshan Qiandeng Baihua, Zhongyue Aroma, Soda Aromatic. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.