Global Revenue Of 5-Hydroxymethylfurfural (5-HMF) Market Was Valued At 55867 K USD In 2017
Thursday, 10 Jan, 2019
The global revenue of 5-Hydroxymethylfurfural (5-HMF) market was valued at 55867 K USD in 2017 and is expected to reach USD 62700 K USD in 2025. In the future eight years, we predict the CAGR of global revenue is 1.45%. Although the application field of 5-Hydroxymethylfurfural (5-HMF) is very broad, the price of 5-Hydroxymethylfurfural (5-HMF) is much higher than the price of its alternatives in its application field, so its global market is not very large, and mainly used in flavor and fragrance industry.

Europe has the largest global export quantity and manufacturers in 5-Hydroxymethylfurfural (5-HMF) market, while the China is the second sales volume market for 5-Hydroxymethylfurfural (5-HMF) in 2017. 

In the industry, AVA Biochem profits most in 2016 and recent years, while Robinson Brothers and Penta Manufacturer ranked 2 and 3.The market share of them is 82.03%, 4.45% and 3.57% in 2017.The gap of market share is keep on enlarged due to different strategy.

Nowadays, there are two mainly types of 5-Hydroxymethylfurfural (5-HMF), including Industrial Grade and Food Grade. And Industrial Grade is the main type for 5-Hydroxymethylfurfural (5-HMF), and the Industrial Grade reached a sales volume of approximately 34086 Kg in 2017, with 72.11% of global sales volume.

5-Hydroxymethylfurfural (5-HMF) technology is much mature now, and new enterprises can not surpass existing famous brands on reputation or design in the short term. So, the study group recommends the new entrants need to be considered carefully before enter into this field.