Hydroxymethyl Furfural (HMF) is a whitish-yellow substance that is extremely soluble and is created when reducing sugars are dehydrated. It consists of a furan ring that has formyl and hydroxymethyl groups replaced at positions 2 and 5, respectively.
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Foods containing sugar frequently create it during storage, particularly while cooking. Hydroxymethyl furfural is mostly used in the food sector as a flavouring agent, but it can also be used as a carbon-neutral feedstock or to make other chemicals. The structural formula of hydroxymethyl furfural is C6H6O3. The leading Hydroxymethyl Furfural (HMF) producing regions are Southeast Asia, India, China, Japan, Europe, and North America.
Key Details About the Hydroxymethyl Furfural (HMF) Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Hydroxymethyl Furfural (HMF) price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Hydroxymethyl Furfural (HMF) Price Forecast, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Hydroxymethyl Furfural (HMF) Price Trend:
Industrial uses impacting the Hydroxymethyl Furfural (HMF) price trend primarily include manufacturing the green polymer and the production of numerous valuable chemicals. Hydrogen is also used in pharmaceuticals, fungicides, fuels, and resins.
Hydroxymethylfurfural (HMF) is a chemical compound derived from sugars, primarily glucose and fructose, through dehydration processes. It has various industrial uses and applications, which can impact its price trend. Some of the industrial uses impacting the price trend of HMF include:
- Pharmaceutical Industry: HMF is used as a starting material in the synthesis of pharmaceuticals and fine chemicals. Its versatility and potential applications in drug synthesis make it a valuable compound for pharmaceutical companies. Changes in demand from this sector can influence HMF prices.
- Food Industry: HMF is a known indicator of the quality and freshness of food products, especially those containing sugars. It forms during the thermal processing and storage of foods, particularly in products containing high levels of sugars such as honey and fruit juices. The food industry’s demand for HMF as an indicator and its usage in certain food additives can affect its price.
- Biomaterials and Chemicals: HMF has gained attention as a renewable building block for the production of various chemicals and biomaterials. Its potential as a platform chemical for the synthesis of polymers, resins, and other value-added products has led to increased interest in its production and utilization. Developments in the research and application of HMF-derived materials can impact its price trend.
- Renewable Fuels and Energy: HMF can serve as a precursor for the production of biofuels and renewable energy sources. It can be converted into various fuel additives and bio-based chemicals through catalytic processes. The demand for renewable fuels and energy sources, as well as advancements in biofuel technology, can influence the demand for HMF and its price dynamics.
- Research and Development: Ongoing research and development efforts focused on improving the production processes and expanding the applications of HMF can also impact its price trend. Innovations in HMF synthesis, purification methods, and downstream processing techniques may lead to changes in its market dynamics and pricing.
Overall, the price trend of HMF is influenced by various factors including industrial demand, technological advancements, regulatory policies, and market dynamics within related industries such as pharmaceuticals, food, chemicals, and renewable energy. fluctuations in these factors can result in fluctuations in HMF prices over time.
Key Market Players:
- AVA Biochem
- Robinson Brothers
- Nowa Pharmaceuticals Co. Ltd.
- Merck
- Zhejiang Sugar Energy Technology Co. Ltd.
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