What is Gamma Valerolactone Market Scope?
Gamma-Valerolactone (GVL) is a colorless 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 are hydrolyzed into glucose and other sugars using acid catalysts. It can be used for the production of fuel additives, biofuels, and polymers.
The Gamma Valerolactone market study is being classified by Type (Food Grade and Industrial Grade), by Application (Food Flavors, Solvent, Monomer Intermediate and Others) and major geographies with country level break-up.
The United States Gamma Valerolactone market is concentrated owing to the presence of fewer market players.
Sigma-Aldrich (United States), The Good Scents Company (United States), Anhui Hyea Aromas (China), Dideu Industries (China), Kunshan Qiandeng Baihua (China), Zhongyue Aroma (China), Toray Industries (Japan) and Inoue Perfumery MFG (Japan) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Gamma Valerolactone market by Type, Application and Region.
On the basis of geography, the market of Gamma Valerolactone has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Market Trend
- Growing Use of GVL for the Manufacturing of Biofuel
- Growing Production of Polymer and Fuel Additive
- Can be used as a Green Fuel and Solvent
- Rising Shift towards Sustainable Solution Due To Rising Environmental Concerns and Toxicity of Traditional Solvents
- Blending Limits for Use in Conventional Combustion Engines Makes It Unattractive
- Stringent Government Regulations and Availability of Substitutes
Key Target AudienceGamma Valerolactone Producers, Raw Material Suppliers, Government/Research Institutions, Food & Beverage Industries, Traders/Exporters/Importers, End-use Industries and Others
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