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市場調査レポート
商品コード
1736865

レブリン酸市場:技術、形態、用途、地域別、2026年~2032年

Levulinic Acid Market, By Technology (Acid Hydrolysis, Biofine), Form (Liquid, Solid), Application (Pharmaceuticals, Agriculture, Food Additives, and Cosmetics), & Region for 2026-2032


出版日
ページ情報
英文 202 Pages
納期
2~3営業日
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=144.08円
レブリン酸市場:技術、形態、用途、地域別、2026年~2032年
出版日: 2025年05月07日
発行: Verified Market Research
ページ情報: 英文 202 Pages
納期: 2~3営業日
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概要

レブリン酸市場の評価、2026年~2032年

環境に優しく持続可能な製品に対する需要の高まりに支えられたレブリン酸市場の成長は、2024年には248億4,000万米ドルの評価額に達しました。2026年から2032年までのCAGRは5.3%で、2032年には361億6,000万米ドルに達すると予測されています。この急成長は、バイオ燃料、プラスチック、医薬品、化粧品など様々な産業において、再生可能で汎用性の高いプラットフォーム化学物質としてレブリン酸の採用が増加していることに起因しています。

レブリン酸市場定義/概要

レブリン酸は汎用性の高い有機化合物で、再生可能かつ持続可能なプラットフォーム化学物質としての可能性から、近年大きな注目を集めています。レブリン酸は、農業残渣、林業廃棄物、専用エネルギー作物などのリグノセルロース系材料を含む様々なバイオマス源から得られるケト酸です。レブリン酸はヘキソース糖の酸触媒による脱水反応によって生成されるため、従来の石油由来化学品に代わる有望なバイオベース化学品となります。レブリン酸の利用は、そのユニークな化学的特性と汎用性のおかげで、多様な産業にまたがっています。レブリン酸は、幅広い付加価値のある化学品、燃料、および材料の製造のための構成要素として機能します。バイオ燃料産業では、レブリン酸はレブリン酸エチルやガンマ-バレロラクトンなどの燃料添加剤を合成するための前駆体として利用され、従来の燃料と混合して環境性能を向上させることができます。さらに、レブリン酸はプラスチック、溶剤、潤滑油の製造にも応用され、石油ベースの代替品に代わる持続可能な選択肢を提供しています。

レブリン酸は、バイオベース経済への世界のシフトと、環境にやさしく再生可能な製品に対する需要の高まりに合致しており、その可能性は広大です。レブリン酸の可能性は製薬業界や化粧品業界にも及び、様々な有効成分やパーソナルケア製品を合成するための前駆体として使用することができます。さらに、現在進行中の研究開発では、レブリン酸のプラットフォーム化学としての経済性と持続可能性の向上を目指し、新たな用途の開拓と生産プロセスの最適化が進められています。

バイオベースおよび持続可能な化学物質への需要の高まりはレブリン酸市場を促進するか?

バイオベースで持続可能な化学薬品に対する需要の高まりは、レブリン酸市場の重要な促進要因になると予想されます。産業界が二酸化炭素排出量を削減し、環境に優しい慣行を取り入れようと努力しているため、従来の石油由来の化学薬品に代わる再生可能で持続可能な代替品へのニーズが大幅に高まっています。レブリン酸は、農業残渣や林業廃棄物などのバイオマス資源に由来し、従来の化学薬品に代わる有望なバイオベースの代替品となります。幅広い付加価値のある化学品、燃料、材料を製造するためのプラットフォーム化学物質としてのその汎用性は、様々な分野で大きな関心を集めています。バイオ燃料産業では、レブリン酸はレブリン酸エチルやガンマ-バレロラクトンのような燃料添加剤を合成するための前駆体として機能し、環境性能を向上させるために従来の燃料と混合することができます。これは、再生可能エネルギー源の利用を促進し、運輸部門からの温室効果ガス排出を削減するための世界の取り組みと一致しています。

さらに、持続可能なプラスチック、溶剤、潤滑油に対する需要の高まりは、レブリン酸の応用に新たな道を開いています。これらのバイオベースの製品は、石油ベースの製品に代わる実行可能な代替品を提供し、循環型経済に貢献し、再生不可能な資源への依存を低減します。化粧品業界や製薬業界も、有効成分やパーソナルケア製品を合成する前駆体としてのレブリン酸の可能性を認めています。天然で環境に優しい製品に対する消費者の嗜好の高まりが、これらの分野における持続可能な代替品への需要を後押ししています。さらに、現在進行中の研究開発努力は、レブリン酸の生産プロセスを最適化し、新しい用途を探索することに重点を置いています。こうした取り組みは、プラットフォーム化学物質としてのレブリン酸の経済性と持続可能性を高めることを目的としており、市場の成長をさらに後押ししています。

生産コストの高さとスケールアップの複雑さはレブリン酸の普及を妨げるか?

持続可能で汎用性の高いプラットフォーム化学物質としてのレブリン酸の可能性は有望であるが、市場は高い生産コストと製造プロセスのスケールアップにおける複雑さに関連する課題に直面しています。これらの要因は、様々な産業でレブリン酸が広く採用される妨げになる可能性があります。農業残渣や林業廃棄物などのバイオマス資源からレブリン酸を製造するには、複数の工程と複雑なプロセスが必要です。原料の前処理、酸の加水分解、それに続く精製段階が全体的な生産コストに寄与するため、レブリン酸は石油ベースの同種のものと比べて高価になります。

さらに、レブリン酸生産のスケールアップには大きな課題があります。このプロセスでは、最適な収率と製品品質を確保するために、特殊な装置と反応条件の厳格な管理が必要となります。工業的規模で一貫した信頼性の高い生産を達成することは、特に小規模な製造業者にとっては、技術的にも経済的にも厳しいものとなります。さらに、バイオマス原料の入手可能性と一貫性が課題となることもあります。農業残渣の季節的性質とその組成のばらつきは、生産プロセスの効率と費用対効果に影響を与える可能性があり、高度な物流ソリューションと強固なサプライチェーン管理が必要となります。さらに、レブリン酸の市場導入は、定評のある伝統的な化学薬品との競合の影響を受ける。石油ベースの化学品の既存のインフラとサプライチェーンは、レブリン酸ベースの製品のシームレスな統合の障壁となる可能性があり、産業界からの多大な投資と適応を必要とします。

目次

第1章 レブリン酸の世界市場イントロダクション

  • 市場概要
  • 調査範囲
  • 前提条件

第2章 エグゼクティブサマリー

第3章 VERIFIED MARKET RESEARCHの調査手法

  • データマイニング
  • バリデーション
  • 一次資料
  • データソース一覧

第4章 レブリン酸の世界市場展望

  • 概要
  • 市場力学
    • 促進要因
    • 抑制要因
    • 機会
  • ポーターのファイブフォースモデル
  • バリューチェーン分析

第5章 レブリン酸の世界市場:技術別

  • 概要
  • 酸加水分解
  • バイオファイン

第6章 レブリン酸の世界市場:形態別

  • 概要
  • 液体
  • 固体

第7章 レブリン酸の世界市場:用途別

  • 概要
  • 医薬品
  • 農業
  • 食品添加物と化粧品

第8章 レブリン酸の世界市場:地域別

  • 概要
  • 北米
    • 米国
    • カナダ
    • メキシコ
  • 欧州
    • ドイツ
    • 英国
    • フランス
    • その他欧州
  • アジア太平洋
    • 中国
    • 日本
    • インド
    • その他アジア太平洋地域
  • 世界のその他の地域
    • ラテンアメリカ
    • 中東・アフリカ

第9章 世界のレブリン酸市場の競合情勢

  • 概要
  • 各社の市場ランキング
  • 主な開発戦略

第10章 企業プロファイル

  • Segetis
  • Biofine Technology LLC
  • DuPont
  • Hebei Langfang Triple Well Chemicals Co. Ltd
  • Hebei Shijiazhuang Worldwide Furfural & Furfuryl Alcohol Furan Resin Co. Ltd
  • Jiangsu Yancheng China Flavor Chemicals Co. Ltd
  • Shijiazhuang Pharmaceutical Group Ouyi Pharmaceutical Co. Ltd
  • Shanghai Apple Flavor & Fragrance Co. Ltd
  • GFBiochemicals Ltd
  • Merck KGaA

第11章 付録

  • 関連調査
目次
Product Code: 41837

Levulinic Acid Market Valuation - 2026-2032

The growth of the Levulinic Acid Market, fueled by the rising demand for eco-friendly and sustainable products, saw it reach a valuation of USD 24.84 Billion in 2024. Projections indicate that the market will continue its upward trajectory, reaching USD 36.16 Billion by 2032, growing at a CAGR of 5.3% from 2026 to 2032. This surge is driven by the increasing adoption of levulinic acid as a renewable and versatile platform chemical across various industries, such as biofuels, plastics, pharmaceuticals, and cosmetics.

Levulinic Acid Market: Definition/ Overview

Levulinic acid is a versatile organic compound that has gained significant attention in recent years due to its potential as a renewable and sustainable platform chemical. It is a keto acid derived from various biomass sources, including lignocellulosic materials, such as agricultural residues, forestry wastes, and dedicated energy crops. Levulinic acid is produced through the acid-catalyzed dehydration of hexose sugars, making it a promising bio-based alternative to traditional petroleum-derived chemicals. The utilization of levulinic acid spans across diverse industries, owing to its unique chemical properties and versatility. It serves as a building block for the production of a wide range of value-added chemicals, fuels, and materials. In the biofuel industry, levulinic acid is utilized as a precursor for the synthesis of fuel additives, such as ethyl levulinate and gamma-valerolactone, which can be blended with conventional fuels to improve their environmental performance. Additionally, it finds applications in the production of plastics, solvents, and lubricants, offering sustainable alternatives to petroleum-based counterparts.

levulinic acid is vast, as it aligns with the global shift towards a bio-based economy and the increasing demand for environmentally friendly and renewable products. Its potential extends to the pharmaceutical and cosmetics industries, where it can be used as a precursor for the synthesis of various active ingredients and personal care products. Furthermore, ongoing research and development efforts are exploring new applications and optimizing production processes, aiming to enhance the economic viability and sustainability of levulinic acid as a platform chemical.

Will the Growing Demand for Bio-Based and Sustainable Chemicals Propel the Levulinic Acid Market?

The growing demand for bio-based and sustainable chemicals is expected to be a significant driver for the levulinic acid market. As industries strive to reduce their carbon footprint and embrace environmentally friendly practices, the need for renewable and sustainable alternatives to traditional petroleum-derived chemicals has increased substantially. Levulinic acid, derived from biomass sources such as agricultural residues and forestry wastes, presents a promising bio-based alternative to conventional chemicals. Its versatility as a platform chemical for the production of a wide range of value-added chemicals, fuels, and materials has garnered significant interest across various sectors. In the biofuel industry, levulinic acid serves as a precursor for the synthesis of fuel additives like ethyl levulinate and gamma-valerolactone, which can be blended with conventional fuels to improve their environmental performance. This aligns with the global efforts to promote the use of renewable energy sources and reduce greenhouse gas emissions from the transportation sector.

Furthermore, the increasing demand for sustainable plastics, solvents, and lubricants has opened new avenues for the application of levulinic acid. These bio-based products offer a viable alternative to their petroleum-based counterparts, contributing to the circular economy and reducing dependence on non-renewable resources. The cosmetics and pharmaceutical industries have also recognized the potential of levulinic acid as a precursor for the synthesis of active ingredients and personal care products. The growing consumer preference for natural and eco-friendly products has driven the demand for sustainable alternatives in these sectors. Moreover, ongoing research and development efforts are focused on optimizing the production processes of levulinic acid and exploring new applications. These initiatives aim to enhance the economic viability and sustainability of levulinic acid as a platform chemical, further fueling its market growth.

Would the High Production Costs and Complexities in Scaling Up Hinder the Widespread Adoption of Levulinic Acid?

While the potential of levulinic acid as a sustainable and versatile platform chemical is promising, the market faces challenges related to high production costs and complexities in scaling up its manufacturing processes. These factors could potentially hinder the widespread adoption of levulinic acid across various industries. The production of levulinic acid from biomass sources, such as agricultural residues and forestry wastes, involves multiple steps and complex processes. The pretreatment of the feedstock, acid hydrolysis, and subsequent purification stages contribute to the overall production costs, making levulinic acid more expensive compared to its petroleum-based counterparts.

Furthermore, the scaling up of levulinic acid production presents significant challenges. The process requires specialized equipment and stringent control over reaction conditions to ensure optimal yields and product quality. Achieving consistent and reliable production at an industrial scale can be technically and economically demanding, particularly for small-scale manufacturers. Additionally, the availability and consistency of biomass feedstock can pose challenges. The seasonal nature of agricultural residues and the variability in their composition can impact the efficiency and cost-effectiveness of the production process, requiring advanced logistical solutions and robust supply chain management. Moreover, the market adoption of levulinic acid is influenced by the competition from established and well-established traditional chemicals. The existing infrastructure and supply chains for petroleum-based chemicals may pose barriers to the seamless integration of levulinic acid-based products, requiring significant investments and adaptations from industries.

Category-Wise Acumens

Does the Acid Hydrolysis Technology Hold the Key to Unlocking the Potential of the Levulinic Acid Market?

The acid hydrolysis segment is estimated to dominate the market during the forecast period. The acid hydrolysis technology plays a pivotal role in the production of levulinic acid from biomass sources, making it a crucial segment of the market. This process involves the conversion of hexose sugars, commonly derived from lignocellulosic materials such as agricultural residues, forestry wastes, and dedicated energy crops, into levulinic acid through an acid-catalyzed dehydration reaction. The acid hydrolysis technology is widely adopted due to its versatility and compatibility with a wide range of biomass feedstocks. It offers a robust and well-established method for the production of levulinic acid, enabling the utilization of various renewable and sustainable resources. This technology has been extensively researched and optimized, leading to improved process efficiency, product yields, and cost-effectiveness. The selection of the appropriate acid catalyst and the optimization of reaction conditions, such as temperature, pressure, and residence time, are crucial factors in the acid hydrolysis process. Different types of acids, including mineral acids like sulfuric acid and hydrochloric acid, as well as organic acids like formic acid and acetic acid, have been explored for their suitability and performance in the hydrolysis reaction.

Furthermore, the acid hydrolysis technology offers the potential for integration with other processes, such as biomass pretreatment and product purification, enabling the development of integrated biorefineries. These biorefineries can maximize the utilization of biomass resources by co-producing levulinic acid along with other valuable bio-based products, further enhancing the economic viability and sustainability of the overall process.

Can the Versatility of Levulinic Acid Drive Its Adoption in the Pharmaceutical Industry?

The pharmaceutical industry segment is estimated to dominate the market during the forecast period. The pharmaceutical industry's embrace of levulinic acid as a versatile platform chemical presents a promising avenue for the growth of this segment within the levulinic acid market. Levulinic acid's unique chemical properties and its ability to serve as a precursor for the synthesis of various active pharmaceutical ingredients (APIs) and drug intermediates have garnered significant interest from pharmaceutical companies. One of the key advantages of levulinic acid in the pharmaceutical sector is its potential to contribute to the development of sustainable and eco-friendly drug manufacturing processes. As the industry seeks to reduce its environmental footprint and align with global sustainability goals, the use of bio-based and renewable starting materials like levulinic acid has become increasingly attractive.

The versatility of levulinic acid lies in its ability to undergo a wide range of chemical transformations, allowing for the synthesis of diverse pharmaceutical compounds. These include antimicrobial agents, anti-inflammatory drugs, anticonvulsants, and compounds with potential applications in cancer treatment and neurodegenerative disease therapies.

Furthermore, levulinic acid can be utilized in the production of drug delivery systems, such as polymeric nanoparticles and microparticles, enabling targeted and controlled drug release. This application holds promise for improving therapeutic efficacy and reducing side effects associated with conventional drug formulations. The pharmaceutical industry's interest in levulinic acid is also driven by the growing demand for natural and plant-based medicines. As consumer preferences shift towards more sustainable and eco-friendly products, levulinic acid's bio-based nature positions it as a valuable starting material for the development of natural and herbal-based pharmaceuticals. However, the adoption of levulinic acid in the pharmaceutical industry is not without challenges. Stringent regulatory requirements, rigorous safety and efficacy testing, and the need for large-scale production capabilities must be addressed to facilitate the widespread integration of levulinic acid-derived pharmaceuticals into the market.

Country/Region Wise Acumens

Will the Rapid Growth of Bio-refining and Renewable Chemical Industries Drive the Levulinic Acid Market in Asia Pacific?

The Asia Pacific region is emerging as a dominant market for levulinic acid, driven by the rapid growth of bio-refining and renewable chemical industries. The Asia Pacific region, particularly countries like China, India, and Southeast Asian nations, is witnessing a surge in the development of bio-refineries and the production of renewable chemicals. The abundant availability of biomass resources, such as agricultural residues and lignocellulosic materials, provides a favorable environment for the production of bio-based platform chemicals like levulinic acid. These nations are actively promoting the adoption of sustainable and eco-friendly solutions to address environmental concerns and reduce their dependence on fossil-based resources. The region's thriving industries, including pharmaceuticals, cosmetics, agriculture, and food additives, are driving the demand for levulinic acid as a versatile platform chemical. The growing consumer preference for green and sustainable products has further accelerated the adoption of levulinic acid-based products across these sectors. Major manufacturers and chemical companies in the Asia Pacific region are investing in research and development to explore novel applications and optimize the production processes of levulinic acid, further fueling market growth.

Additionally, the presence of supportive government policies and initiatives aimed at promoting the bio-based economy and reducing greenhouse gas emissions has created a favorable environment for the levulinic acid market in the Asia Pacific region. These policies encourage the development of sustainable chemical processes and the utilization of renewable resources, fostering the growth of the levulinic acid industry. Furthermore, the region's rapidly expanding population and rising disposable incomes have led to an increased demand for consumer products, including pharmaceuticals, cosmetics, and food additives, further driving the need for levulinic acid as a key ingredient in these applications. As the Asia Pacific region continues to prioritize sustainability and the development of bio-based industries, the demand for levulinic acid is expected to surge, positioning the region as a dominant player in the global levulinic acid market.

Would the Established Presence of Key Industry Players Drive the Maturing Levulinic Acid Market in North America?

North America, particularly the United States, is considered a maturing market for levulinic acid, driven by the established presence of key industry players and the early adoption of bio-based chemicals. The North American region has been a frontrunner in the development and commercialization of levulinic acid. Major industry players, such as GFBiochemicals, Avantium, and Segetis, have established their presence in the region, investing in research and development efforts to optimize production processes and explore novel applications of levulinic acid. These companies have played a crucial role in driving innovation and advancing the levulinic acid market in North America. The region's strong focus on sustainability and the transition towards a bio-based economy has created a favorable environment for the adoption of levulinic acid. North American countries, particularly the United States, have implemented various regulations and initiatives to promote the use of renewable resources and reduce greenhouse gas emissions. These policies have encouraged the development and utilization of bio-based platform chemicals like levulinic acid, driving market growth.

North America's well-established industries, including pharmaceuticals, cosmetics, agriculture, and food additives, have been early adopters of levulinic acid-based products. The region's consumer base has shown a growing preference for eco-friendly and sustainable products, leading to increased demand for levulinic acid derivatives in these sectors. Major companies in North America have recognized the potential of levulinic acid and have incorporated it into their product portfolios, further solidifying the market's maturity. Furthermore, the presence of robust research institutions and universities in North America has contributed to the advancement of levulinic acid technology. Collaborative efforts between industry players and academic institutions have led to the development of innovative production methods, improved catalysts, and the exploration of new applications for levulinic acid, driving market growth and maturity.

Competitive Landscape

The levulinic acid market is characterized by the presence of several established players and innovative solution providers. These companies are continuously pushing the boundaries of levulinic acid technology through research and development efforts, strategic partnerships, and the introduction of advanced features and capabilities. The competitive landscape is marked by companies offering a diverse range of levulinic acid products tailored for various applications across multiple industries.

Some of the prominent players operating in the levulinic acid market include:

Segetis, Biofine Technology LLC, DuPont, Hebei Langfang Triple Well Chemicals Co. Ltd, Hebei Shijiazhuang Worldwide Furfural & Furfuryl Alcohol Furan Resin Co. Ltd, Jiangsu Yancheng China Flavor Chemicals Co. Ltd, Shijiazhuang Pharmaceutical Group Ouyi Pharmaceutical Co. Ltd, Shanghai Apple Flavor & Fragrance Co. Ltd, GFBiochemicals Ltd, Merck KGaA, Tokyo Chemical Industry Co., Ltd, Ascender Chemical Co., Ltd, Alfa Aesar, Thermo Fisher Scientific.

Latest Developments

In June 2023, Avantium N.V. partnered with SCG Chemicals Public Company Limited to develop CO2-based polymers and scale up to a pilot plant with an indicative capacity of 10 tons per annum

In January 2022, Simagchem Corporation developed an octane booster, which is one of the company's key products in the petrochemical sector

Levulinic Acid Market, By Category

  • Technology
  • Acid Hydrolysis
  • Biofine
  • Form
  • Liquid
  • Solid
  • Application
  • Pharmaceuticals
  • Agriculture
  • Food Additives and Cosmetics

TABLE OF CONTENTS

1 INTRODUCTION OF GLOBAL LEVULINIC ACID MARKET

  • 1.1 Overview of the Market
  • 1.2 Scope of Report
  • 1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

  • 3.1 Data Mining
  • 3.2 Validation
  • 3.3 Primary Interviews
  • 3.4 List of Data Sources

4 GLOBAL LEVULINIC ACID MARKET OUTLOOK

  • 4.1 Overview
  • 4.2 Market Dynamics
    • 4.2.1 Drivers
    • 4.2.2 Restraints
    • 4.2.3 Opportunities
  • 4.3 Porters Five Force Model
  • 4.4 Value Chain Analysis

5 GLOBAL LEVULINIC ACID MARKET, BY TECHNOLOGY

  • 5.1 Overview
  • 5.2 Acid Hydrolysis
  • 5.3 Biofine

6 GLOBAL LEVULINIC ACID MARKET, BY FORM

  • 6.1 Overview
  • 6.2 Liquid
  • 6.3 Solid

7 GLOBAL LEVULINIC ACID MARKET, BY APPLICATION

  • 7.1 Overview
  • 7.2 Pharmaceuticals
  • 7.3 Agriculture
  • 7.4 Food Additives and Cosmetics

8 GLOBAL LEVULINIC ACID MARKET, BY GEOGRAPHY

  • 8.1 Overview
  • 8.2 North America
    • 8.2.1 U.S.
    • 8.2.2 Canada
    • 8.2.3 Mexico
  • 8.3 Europe
    • 8.3.1 Germany
    • 8.3.2 U.K.
    • 8.3.3 France
    • 8.3.4 Rest of Europe
  • 8.4 Asia Pacific
    • 8.4.1 China
    • 8.4.2 Japan
    • 8.4.3 India
    • 8.4.4 Rest of Asia Pacific
  • 8.5 Rest of the World
    • 8.5.1 Latin America
    • 8.5.2 Middle East and Africa

9 GLOBAL LEVULINIC ACID MARKET COMPETITIVE LANDSCAPE

  • 9.1 Overview
  • 9.2 Company Market Ranking
  • 9.3 Key Development Strategies

10 COMPANY PROFILES

  • 10.1 Segetis
    • 10.1.1 Overview
    • 10.1.2 Financial Performance
    • 10.1.3 Product Outlook
    • 10.1.4 Key Developments
  • 10.2 Biofine Technology LLC
    • 10.2.1 Overview
    • 10.2.2 Financial Performance
    • 10.2.3 Product Outlook
    • 10.2.4 Key Developments
  • 10.3 DuPont
    • 10.3.1 Overview
    • 10.3.2 Financial Performance
    • 10.3.3 Product Outlook
    • 10.3.4 Key Developments
  • 10.4 Hebei Langfang Triple Well Chemicals Co. Ltd
    • 10.4.1 Overview
    • 10.4.2 Financial Performance
    • 10.4.3 Product Outlook
    • 10.4.4 Key Developments
  • 10.5 Hebei Shijiazhuang Worldwide Furfural & Furfuryl Alcohol Furan Resin Co. Ltd
    • 10.5.1 Overview
    • 10.5.2 Financial Performance
    • 10.5.3 Product Outlook
    • 10.5.4 Key Developments
  • 10.6 Jiangsu Yancheng China Flavor Chemicals Co. Ltd
    • 10.6.1 Overview
    • 10.6.2 Financial Performance
    • 10.6.3 Product Outlook
    • 10.6.4 Key Developments
  • 10.7 Shijiazhuang Pharmaceutical Group Ouyi Pharmaceutical Co. Ltd
    • 10.7.1 Overview
    • 10.7.2 Financial Performance
    • 10.7.3 Product Outlook
    • 10.7.4 Key Developments
  • 10.8 Shanghai Apple Flavor & Fragrance Co. Ltd
    • 10.8.1 Overview
    • 10.8.2 Financial Performance
    • 10.8.3 Product Outlook
    • 10.8.4 Key Developments
  • 10.9 GFBiochemicals Ltd
    • 10.9.1 Overview
    • 10.9.2 Financial Performance
    • 10.9.3 Product Outlook
    • 10.9.4 Key Developments
  • 10.10 Merck KGaA
    • 10.10.1 Overview
    • 10.10.2 Financial Performance
    • 10.10.3 Product Outlook
    • 10.10.4 Key Developments

11 Appendix

  • 11.1 Related Research