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| Market size in 2024 | US$ 345.6 million |
Forecast Market size by 2030 | US$ 567.8 million |
|---|---|---|---|
| Growth Rate | CAGR of 8.6% | Number of Pages | 117 Pages |
The global 5-HMF market size was valued at US$ 345.6 million in 2024 and is projected to reach US$ 567.8 million by 2030, at a CAGR of 8.6% during the forecast period 2024-2030.
The United States 5-HMF market size was valued at US$ 98.4 million in 2024 and is projected to reach US$ 156.7 million by 2030, at a CAGR of 8.1% during the forecast period 2024-2030.
5-(Hydroxymethyl) furfural is a biomass-derived platform chemical used in the production of sustainable chemicals and materials.
The global market is expanding steadily, driven by sustainable chemistry initiatives and bio-based materials demand. In 2023, production reached 25,000 metric tons, with chemical intermediates accounting for 55% of consumption. The market saw a 35% increase in bio-based applications in 2023. Industrial grade dominates with a 70% market share, while pharmaceutical grade is growing at 12% annually. Europe leads with a 40% market share, while Asia Pacific is the fastest-growing region at 9.5% CAGR. The industry is focusing on developing efficient production methods, with a 40% growth in R&D investments for process optimization.
Report Overview
This report studies the 5-hydroxymethylfurfural (5-HMF) (CAS 67-47-0) market. Hydroxymethylfurfural (HMF), also 5-(hydroxymethyl) furfural, is an organic compound formed by the dehydration of certain sugars. It is a white low-melting solid (although commercial samples are often yellow) which is highly soluble in both water and organic solvents. The molecule consists of a furan ring, containing both aldehyde and alcohol functional groups. HMF can form in sugar-containing food, particularly as a result of heating or cooking and this formation has been the topic of significant study as HMF is regarded as being potentially carcinogenic to humans. Hydroxymethylfurfural is a marker of poor or overlong storage of foods such as honey. It is produced industrially on a modest scale as a carbon-neutral feedstock for the production of fuels and other chemicals.
This report provides a deep insight into the global 5-(Hydroxymethyl) furfural market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global 5-(Hydroxymethyl) furfural Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the 5-(Hydroxymethyl) furfural market in any manner.
Global 5-(Hydroxymethyl) furfural Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
AVA Biochem
Robinson Brothers
Penta Manufacturer
NBB Company
Sugar Energy
Beijing Lys Chemicals
Xuzhou Ruisai Technology
Wutong Aroma Chemicals
Market Segmentation (by Type)
Industrial Grade
Food Grade
Market Segmentation (by Application)
Flavor & Fragrance Industry
Pharmaceutical Industry
Others
Geographic Segmentation
| Report Attributes | Report Details |
|---|---|
| Report Title | 5-(Hydroxymethyl) furfural Market, Global Outlook and Forecast 2024-2030 |
| Market size in 2024 | US$ 345.6 million |
| Forecast Market size by 2030 | US$ 567.8 million |
| Growth Rate | CAGR of 8.6% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 117 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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