5-Hydroxymethylfurfural (5-HMF) Industrial Grade reached a sales volume of approximately 34086 Kg in 2017, with 72.11% of global sales volume.
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The global revenue value of the 5-hydroxymethylfurfural (5-HMF) market in 2017 was $55,867,000 and is expected to reach $62,700,000 by 2025. In the next 8 years, we expect a compound annual growth rate of global revenue of 1.45%. Although the application of 5-hydroxymethylfurfural (5-HMF) is very extensive, the price of 5-hydroxymethylfurfural (5-HMF) is much higher than the price of its alternatives in its application, so its global market Not very large, mainly used in the flavor and fragrance industry.
Europe has the world's largest export volume and manufacturer of the 5-hydroxymethylfurfural (5-HMF) market, while China is the second largest market for 5-hydroxymethylfurfural (5-HMF) in 2017.
In the industry, AVA Biochem made the most profit in 2016 and in recent years, while Robinson Brothers and Penta Manufacturer ranked 2nd and 3rd respectively. The market share in 2017 was 82.03%, 4.45% and 3.57% respectively. The market share gap is constantly expanding due to different strategies.
Currently, there are two main types of 5-hydroxymethylfurfural (5-HMF), both industrial and food grade. The industrial grade is the main type of 5-hydroxymethylfurfural (5-HMF). In 2017, the industrial grade sales volume was about 34,086 kg, accounting for 72.11% of global sales.
The 5-hydroxymethylfurfural (5-HMF) technology is now mature, and new companies cannot exceed the reputation or design of existing well-known brands in the short term. Therefore, the Study Group recommends that new entrants be carefully considered before entering the field.