Hydroxymethylfurfural Market

Report Code: CMR 1568 Report Format: PDF + Excel

Hydroxymethylfurfural Market Overview:

Hydroxymethylfurfural Market is expected to grow at a CAGR of 3.0%, the market value projected to increase is from US $70m million by 2030.

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 market of hydroxymethylfurfural (HMF) is segmented on the basis of grade, application, and geography. In terms of grade, the market can be classified into industrial grade and food grade. On the basis of end-use, the market is segmented into the flavor and fragrance industry, pharmaceutical industry, and others. Furthermore, the market’s geographical presence includes North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa.

 Market Snapshot:

Hydroxymethylfurfural Market - Report Coverage:

The “Hydroxymethylfurfural Market - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Black garlic market.

                  Attribute

                         Segment

By Grade

 

·       Industrial Grade

·       Food Grade

·       Others



By End-use

 

·       Flavor and Fragrance

·       Pharmaceutical

·       Others



By Application

 

·       High Polymer Material

·       Medicines Intermediates

·       Alkane Fuel





By Geography

·       North America (U.S., Canada)

·       Europe (Germany, France, UK, Italy, Spain, Russia, and Rest of Europe),

·       Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific),

·       South America (Brazil, Argentina, Chile, Colombia, and Rest of South America)

·       Rest of the World (Middle East and Africa).

Hydroxymethylfurfural Market - Top Trends:

Increased Demand in the Food Industry: HMF has applications as a food additive and flavor enhancer, especially in bakery products and confectionery. The demand for clean-label and natural food ingredients was driving interest in HMF as a natural sweetener and preservative.

Bioplastics and Sustainable Materials: HMF is used as a precursor in the production of bio-based plastics and resins. As sustainability became a more significant concern, the demand for HMF as a key ingredient in the development of biodegradable and renewable plastics was on the rise.

Alternative Sweeteners: HMF has the potential to serve as an alternative sweetener to conventional sugars like sucrose and high-fructose corn syrup. It has applications in reduced-calorie and sugar-free food and beverage products.

Research and Development: The ongoing research into the development of efficient and sustainable production methods for HMF was a prominent trend. This included exploring new catalysts and renewable feedstocks, which could impact the cost and environmental sustainability of HMF production.

Application in Energy Storage: HMF was being researched for its potential use in energy storage devices, such as batteries and supercapacitors, due to its electrochemical properties. This trend was linked to the growing interest in renewable energy and energy storage technologies.

 Hydroxymethylfurfural Market - Company Analysis

Avantium N.V.: Avantium is a Dutch renewable chemicals company known for its focus on sustainable processes, including the production of HMF. They have been involved in the development of HMF-based products and applications.

Thermo Fisher Scientific: Thermo Fisher is a major player in the scientific research and analytical instruments sector. They offer technologies and equipment used in HMF analysis and research.

Shanghai Ruihong Chemical: This Chinese company is involved in the production and distribution of HMF. They have a significant presence in the HMF market and provide various grades of HMF.

Formosa Plastics Corporation: Formosa Plastics is a Taiwanese company with operations in various chemicals and plastics-related industries. They have been involved in the production of HMF for use in various applications.

 Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Hydroxymethylfurfural Market Report. The top 10 companies in this industry are listed below:

  1. Avantium N.V.
  2. Shanghai Ruihong Chemical
  3. Formosa Plastics Corporation
  4. Sigma-Aldrich
  5. Avalon Industries
  6. Robinson Brothers Limited
  7. Toronto Research Chemicals
  8. Penta Manufacturer
  9. Tokyo Chemical Industry
  10. Tokyo Kasei Kogyo

Scope of Report:

Report Metric 

Details 

Base Year Considered

2022

Forecast Period

2023 – 2030

CAGR

3.0%

Market Size in 2030

$70 million

Segments Covered

By Grade, By End-use, By Application, 

Geographies Covered

North America (U.S., Canada), Europe (Germany, France, UK, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  • Avantium N.V. 

  • Shanghai Ruihong Chemical 

  • Formosa Plastics Corporation 

  • Sigma-Aldrich 

  • Avalon Industries 

  • Robinson Brothers Limited 

  • Toronto Research Chemicals 

  • Penta Manufacturer 

  • Tokyo Chemical Industry 

  • Tokyo Kasei Kogyo

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1. Hydroxymethylfurfural Market - Overview

    1.1. Definitions and Scope

2. Hydroxymethylfurfural Market - Executive Summary

3. Hydroxymethylfurfural Market - Comparative Analysis

    3.1. Company Benchmarking - Key Companies

    3.2. Global Financial Analysis - Key Companies

    3.3. Market Size Analysis - Key Companies

    3.4. Patent Analysis

    3.5. Pricing Analysis

4. Hydroxymethylfurfural Market - Start-up Companies Scenario

    4.1. Key Start-up Company Analysis by

        4.1.1. Investment

        4.1.2. Revenue

        4.1.3. Venture Capital and Funding Scenario

5. Hydroxymethylfurfural Market – Market Entry Scenario Premium

    5.1. Regulatory Framework Overview

    5.2. New Business and Ease of Doing Business Index

    5.3. Case Studies of Successful Ventures

6. Hydroxymethylfurfural Market - Forces

    6.1. Market Drivers

    6.2. Market Constraints

    6.3. Market Challenges

    6.4. Porter's Five Force Model

        6.4.1. Bargaining Power of Suppliers

        6.4.2. Bargaining Powers of Customers

        6.4.3. Threat of New Entrants

        6.4.4. Rivalry Among Existing Players

        6.4.5. Threat of Substitutes

7. Hydroxymethylfurfural Market – Strategic Analysis

    7.1. Value Chain Analysis

    7.2. Opportunities Analysis

    7.3. Market Life Cycle

8. Hydroxymethylfurfural Market – By Grade  (Market Size – $Million/$Billion)

    8.1. Industrial Grade

        8.1.1. Market Trends by Region

        8.1.2. Market Size & Forecast by Region

    8.2. Food Grade

        8.2.1. Market Trends by Region

        8.2.2. Market Size & Forecast by Region

    8.3. Others

        8.3.1. Market Trends by Region

        8.3.2. Market Size & Forecast by Region

9. Hydroxymethylfurfural Market – By End-use (Market Size – $Million/$Billion)

    9.1. Flavor and Fragrance

        9.1.1. Market Trends by Region

        9.1.2. Market Size & Forecast by Region

    9.2. Pharmaceutical

        9.2.1. Market Trends by Region

        9.2.2. Market Size & Forecast by Region

    9.3. Others

        9.3.1. Market Trends by Region

        9.3.2. Market Size & Forecast by Region

10. Hydroxymethylfurfural Market – By Application (Market Size – $Million/$Billion)

    10.1. High Polymer Material

        10.1.1. Market Trends by Region

        10.1.2. Market Size & Forecast by Region

    10.2. Medicines Intermediates

        10.2.1. Market Trends by Region

        10.2.2. Market Size & Forecast by Region

    10.3. Alkane Fuel

        10.3.1. Market Trends by Region

        10.3.2. Market Size & Forecast by Region

11. Hydroxymethylfurfural Market – By Geography (Market Size – $Million/$Billion)

    11.1. North America

        11.1.1. The U.S.

        11.1.2. Canada

    11.2. Europe

        11.2.1. UK

        11.2.2. Germany

        11.2.3. France

        11.2.4. Italy

        11.2.5. Spain

        11.2.6. Russia

        11.2.7. Rest of Europe

    11.3. Asia-Pacific

        11.3.1. China

        11.3.2. India

        11.3.3. Japan

        11.3.4. South Korea

        11.3.5. Australia & New Zealand

        11.3.6. Rest of Asia-Pacific

    11.4. South America

        11.4.1. Brazil

        11.4.2. Argentina

        11.4.3. Chile

        11.4.4. Colombia

        11.4.5. Rest of South America

    11.5. Rest of the World

        11.5.1. Middle East

        11.5.2. Africa

12. Hydroxymethylfurfural Market – Entropy

    12.1. New product launches

    12.2. M&A’s, collaborations, JVs and partnerships

13. Hydroxymethylfurfural Market – Industry/Segment Competition Landscape

    13.1. Market Size Analysis

        13.1.1. Market Size by Product Type – Key Companies

        13.1.2. Market Size by Region – Key Companies

        13.1.3. Market Size by Country – Key Companies

    13.2. Competition Matrix

    13.3. Best Practices for Companies

14. Hydroxymethylfurfural Market – Key Company List by Country Premium

15. Hydroxymethylfurfural Market - Company Analysis

    15.1. Hello Products

    15.2. Curaprox

    15.3. Carbon&Clay

    15.4. SCHMIDT’S

    15.5. Carbon Coco

    15.6. CALI WHITE

    15.7. FineVine

    15.8. Moon Oral Care

    15.9. Dental Expert

    15.10. ECCO PURE

    15.11. Colgate-Palmolive

    15.12. Sheffield Pharmaceuticals

    15.13. Davids Natural Toothpaste

    15.14. Magic Mud

    15.15. BUCCOTHERM

    15.16. Pro Teeth Whitening Co

    15.17. Georganics

    15.18. TJ Smile Bio-Tech

    15.19. Trisa

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Hydroxymethylfurfural Market is forecast to grow at 3.0% CAGR during the forecast period 2023-2030.

Hydroxymethylfurfural Market size is estimated to be US $70 million in 2030.

The Top Companies in the Hydroxymethylfurfural Market are Hello Products, Curaprox, Carbon&Clay, SCHMIDT’S, Carbon Coco, CALI WHITE, FineVine, Moon Oral Care, Dental Expert, ECCO PURE.