The global demand for 5-Hydroxymethylfurfural Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX KT in 2019 and foreseen to touch XX KT by 2026 with a CAGR of XX% during 2020-2026.
5-Hydroxymethylfurfural (HMF) is a white melting solid formed by the dehydration of certain sugars. It is highly soluble in both water and organic solvents. HMF is referred to as a food improvement agent and is primarily used in the food industry in the form of a food additive as a biomarker as well as a flavouring agent for food products. It is also used as a carbon-neutral feedstock for the production of fuels and other chemicals.
5-Hydroxymethylfurfural serves as a building block for many application such as packaging, construction, textile, cosmetics, food and health. It has been proved to have a wide range of positive effects, such as antioxidative, anti-allergic, anti-inflammatory, anti-hypoxic, anti-sickling, anti-hyperuricemic effects. Apart from this, growing preference for a green and bio-based chemical is propelling the demand for HMF. The biomass conversion to hydrocarbon fuels has received much attention due to the limited fossil fuels resource, demanding the alternatives to obtain biofuels. HMF is a crucial organic compound for the production of a green product. With its various functional groups and associated reaction sites, HMF opens the door to a wide range of chemical modifications. However, HMF was regarded as being potentially carcinogenic to humans and has been reported to have negative effects on human health, such as cytotoxicity toward mucous membranes, the skin and the upper respiratory tract; mutagenicity; chromosomal aberrations; and carcinogenicity toward humans and animals. This is hampering the growth of the market.
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 5-Hydroxymethylfurfural.
The entire 5-Hydroxymethylfurfural 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.
- Industrial Grade
- Food Grade
- Flavor and Fragrance Industry
- Pharmaceutical Industry
This section covers regional segmentation which accentuates on current and future demand for 5-Hydroxymethylfurfural 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.
Europe 5-(hydroxymethyl)furfural Market By Revenue (USD MN)
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 5-Hydroxymethylfurfural market include AVA Biochem, Robinson Brothers, Penta Manufacturer, NBB Company, Treatt. 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.