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 Trend, 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:
Hydroxymethyl furfural (HMF) is an important industrial chemical with various applications, including its use as a platform chemical for the production of bio-based chemicals and fuels. The price trend of HMF can be influenced by several factors, including its industrial uses and market demand. Here are some industrial uses impacting the price trend of HMF:
Biofuel Production: HMF can be used as a precursor in the production of biofuels such as biodiesel and bioethanol. As the demand for biofuels increases due to environmental concerns and government regulations promoting renewable energy sources, the demand for HMF may also rise, impacting its price.
Chemical Intermediates: HMF is utilized as a chemical intermediate in the synthesis of various compounds including pharmaceuticals, flavors, and fragrances. Changes in the demand for these end products can influence the demand for HMF and subsequently its price.
Food Additives: HMF is used in food and beverage industries as a flavoring agent and preservative. Regulations related to food safety and consumer preferences can impact the demand for food additives like HMF, affecting its price.
Polymer Production: HMF can be polymerized to produce polymeric materials with applications in packaging, coatings, and adhesives. Shifts in the demand for biodegradable and sustainable polymers can influence the demand for HMF and its price.
Research and Development: Ongoing research and development efforts in the field of biotechnology and green chemistry may lead to new applications and processes for HMF, affecting its demand and price.
Availability of Raw Materials: The availability and price of raw materials used in the production of HMF, such as sugars or biomass feedstocks, can also impact its price trend. Fluctuations in agricultural commodities prices can influence the overall production cost of HMF.
Regulatory Environment: Regulatory changes related to environmental standards, biofuel mandates, and safety regulations can have a significant impact on the production, distribution, and use of HMF, thereby affecting its price trend.
Market Competition: The presence of alternative chemicals or processes that can substitute for HMF in certain applications can create competition in the market, influencing its price.
Overall, the price trend of HMF is subject to various factors related to its industrial uses, market demand, regulatory environment, and input costs. Monitoring these factors can help anticipate changes in HMF prices and make informed decisions in the industrial and commercial sectors.
Key Market Players:
- AVA Biochem
- Robinson Brothers
- Nowa Pharmaceuticals Co. Ltd.
- Merck
- Zhejiang Sugar Energy Technology Co. Ltd.
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