Market Overview:
The global 5-(hydroxymethyl)furfural market is expected to grow at a CAGR of XX% and reach a value of USD XX million by 2030. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into industrial grade and food grade. On the basis of application, the market is segmented into flavor & fragrance industry, pharmaceutical industry, and others. The regions covered in this study are North America, Latin America, Europe Asia Pacific (APAC), and Middle East & Africa (MEA). The growth in this market can be attributed to factors such as rising demand for flavors & fragrances in various applications such as food & beverage products and cosmetics; increasing demand for 5-(hydroxymethyl)furfural from pharmaceutical companies owing to its properties such as anti-inflammatory activity; growing awareness about benefits offered by 5-(hydroxymethyl)furfural among consumers; increasing investments by key players in research & development activities for product innovation; rising environmental concerns regarding chemical-based solvents used in extraction process; stringent regulations imposed by regulatory bodies on use of synthetic solvents. However, volatility in prices due to variations in raw material cost could restrain the growth of this market during the forecast period.
furfural Industry Outlook.svg)
Product Definition:
5-(Hydroxymethyl)furfural is an organic compound with the formula C5H6O2. It is a colorless liquid that is soluble in water and alcohols. 5-(Hydroxymethyl)furfural can be produced from the dehydration of certain sugars, including fructose and glucose. It has a variety of applications, including as a flavor additive, in the production of plastics, and as an intermediate in the synthesis of pharmaceuticals.
Industrial Grade:
Industrial grade is a high purity form of 5-(hydroxymethyl) furfural. It has the same structure as that of its precursor, however, it's composition is almost 90% pure. The product has been used in numerous applications such as pharmaceuticals and chemical synthesis.
Food Grade:
Food grade is a product that has been officially approved by the U.S. Food and Drug Administration (FDA) for human consumption. It is also known as 5-(Hydroxymethyl) furfural or 5-Hmolfuran, which is used in food items like baked goods, meat products, processed foods, dairy products and beverages to improve their quality and aroma.
Application Insights:
The flavor and fragrance industry accounted for the largest share of over 30.0% in 2017. 5-(Hydroxymethyl)furfural is used as a raw material in the manufacturing of various organic compounds, which are used as food additives or flavors enhancers. The compound has an odorless nature and is considered to be one of the best natural antioxidants available on earth, which makes it suitable for use in various applications including food & beverages processing industry.
Pharmaceuticals are anticipated to emerge as another lucrative segment with a CAGR around 8% from 2018 to 2030 owing to its wide range of applications such as drug intermediates and pharmaceutical excipients that act as carriers or diluents during drug formulation processes.
Regional Analysis:
Asia Pacific was the largest market for global 5-(hydroxymethyl)furfural market and accounted for a volume share of over 45.0% in 2017. Asia Pacific is expected to continue its dominance over the forecast period owing to high product demand from various end-use industries, such as food & beverage, pharmaceuticals, and others. China is one of the major producers and exporters of furfuryl alcohol in this region due to easy availability of raw materials coupled with low labor cost compared to other countries in this region.
In addition, India has been witnessing an increasing demand for 5-(hydroxymethyl)furfuryl alcohol since past few years on account both domestic as well international levels owing to its wide application scope across several industries including food & beverages sector which will drive growth further.
Growth Factors:
- Increasing demand for biofuels: The global market for biofuels is expected to grow at a CAGR of more than 9% from 2016 to 2021. This will create increased demand for 5-(hydroxymethyl)furfural as a feedstock for production of bioethanol and biodiesel.
- Growing popularity of green transportation: Governments around the world are promoting the use of green transportation technologies in an effort to reduce emissions and combat climate change. This is creating increased demand for 5-(hydroxymethyl)furfural as a component in alternative fuel sources such as ethanol and biodiesel.
- Rising awareness about the benefits of renewable energy: There is growing awareness among consumers about the benefits of renewable energy sources such as solar, wind, and hydro power. This is driving investments in these technologies, which is benefiting the 5-(hydroxymethyl)furfural market by increasing its adoption rate worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
5-(Hydroxymethyl)furfural Market Research Report
By Type
Industrial Grade, Food Grade
By Application
Flavor & Fragrance Industry, Pharmaceutical Industry, Others
By Companies
AVA Biochem, Robinson Brothers, Penta Manufacturer, NBB Company, Sugar Energy, Beijing Lys Chemicals, Xuzhou Ruisai Technology, Wutong Aroma Chemicals
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global 5-(Hydroxymethyl)furfural Market Report Segments:
The global 5-(Hydroxymethyl)furfural market is segmented on the basis of:
Types
Industrial Grade, Food Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Flavor & Fragrance Industry, Pharmaceutical Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- AVA Biochem
- Robinson Brothers
- Penta Manufacturer
- NBB Company
- Sugar Energy
- Beijing Lys Chemicals
- Xuzhou Ruisai Technology
- Wutong Aroma Chemicals
furfural Market Overview.svg)
Highlights of The 5-(Hydroxymethyl)furfural Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Grade
- Food Grade
- By Application:
- Flavor & Fragrance Industry
- Pharmaceutical Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the 5-(Hydroxymethyl)furfural Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
furfural Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
5-(Hydroxymethyl)furfural is a chemical compound with the molecular formula CH3OH. It is a colorless liquid that has a sweet, fruity odor. 5-(Hydroxymethyl)furfural is used in the manufacture of chemicals and pharmaceuticals.
Some of the key players operating in the 5-(hydroxymethyl)furfural market are AVA Biochem, Robinson Brothers, Penta Manufacturer, NBB Company, Sugar Energy, Beijing Lys Chemicals, Xuzhou Ruisai Technology, Wutong Aroma Chemicals.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. 5-(Hydroxymethyl)furfural Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. 5-(Hydroxymethyl)furfural Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. 5-(Hydroxymethyl)furfural Market - Supply Chain
4.5. Global 5-(Hydroxymethyl)furfural Market Forecast
4.5.1. 5-(Hydroxymethyl)furfural Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. 5-(Hydroxymethyl)furfural Market Size (000 Units) and Y-o-Y Growth
4.5.3. 5-(Hydroxymethyl)furfural Market Absolute $ Opportunity
5. Global 5-(Hydroxymethyl)furfural Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. 5-(Hydroxymethyl)furfural Market Size and Volume Forecast by Type
5.3.1. Industrial Grade
5.3.2. Food Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global 5-(Hydroxymethyl)furfural Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. 5-(Hydroxymethyl)furfural Market Size and Volume Forecast by Application
6.3.1. Flavor & Fragrance Industry
6.3.2. Pharmaceutical Industry
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global 5-(Hydroxymethyl)furfural Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. 5-(Hydroxymethyl)furfural Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global 5-(Hydroxymethyl)furfural Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. 5-(Hydroxymethyl)furfural Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global 5-(Hydroxymethyl)furfural Demand Share Forecast, 2019-2026
9. North America 5-(Hydroxymethyl)furfural Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America 5-(Hydroxymethyl)furfural Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America 5-(Hydroxymethyl)furfural Market Size and Volume Forecast by Application
9.4.1. Flavor & Fragrance Industry
9.4.2. Pharmaceutical Industry
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America 5-(Hydroxymethyl)furfural Market Size and Volume Forecast by Type
9.7.1. Industrial Grade
9.7.2. Food Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America 5-(Hydroxymethyl)furfural Demand Share Forecast, 2019-2026
10. Latin America 5-(Hydroxymethyl)furfural Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America 5-(Hydroxymethyl)furfural Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America 5-(Hydroxymethyl)furfural Market Size and Volume Forecast by Application
10.4.1. Flavor & Fragrance Industry
10.4.2. Pharmaceutical Industry
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America 5-(Hydroxymethyl)furfural Market Size and Volume Forecast by Type
10.7.1. Industrial Grade
10.7.2. Food Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America 5-(Hydroxymethyl)furfural Demand Share Forecast, 2019-2026
11. Europe 5-(Hydroxymethyl)furfural Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe 5-(Hydroxymethyl)furfural Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe 5-(Hydroxymethyl)furfural Market Size and Volume Forecast by Application
11.4.1. Flavor & Fragrance Industry
11.4.2. Pharmaceutical Industry
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe 5-(Hydroxymethyl)furfural Market Size and Volume Forecast by Type
11.7.1. Industrial Grade
11.7.2. Food Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe 5-(Hydroxymethyl)furfural Demand Share, 2019-2026
12. Asia Pacific 5-(Hydroxymethyl)furfural Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific 5-(Hydroxymethyl)furfural Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific 5-(Hydroxymethyl)furfural Market Size and Volume Forecast by Application
12.4.1. Flavor & Fragrance Industry
12.4.2. Pharmaceutical Industry
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific 5-(Hydroxymethyl)furfural Market Size and Volume Forecast by Type
12.7.1. Industrial Grade
12.7.2. Food Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific 5-(Hydroxymethyl)furfural Demand Share, 2019-2026
13. Middle East & Africa 5-(Hydroxymethyl)furfural Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa 5-(Hydroxymethyl)furfural Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa 5-(Hydroxymethyl)furfural Market Size and Volume Forecast by Application
13.4.1. Flavor & Fragrance Industry
13.4.2. Pharmaceutical Industry
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa 5-(Hydroxymethyl)furfural Market Size and Volume Forecast by Type
13.7.1. Industrial Grade
13.7.2. Food Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa 5-(Hydroxymethyl)furfural Demand Share, 2019-2026
14. Competition Landscape
14.1. Global 5-(Hydroxymethyl)furfural Market: Market Share Analysis
14.2. 5-(Hydroxymethyl)furfural Distributors and Customers
14.3. 5-(Hydroxymethyl)furfural Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AVA Biochem
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Robinson Brothers
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Penta Manufacturer
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. NBB Company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sugar Energy
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Beijing Lys Chemicals
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Xuzhou Ruisai Technology
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Wutong Aroma Chemicals
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
