Hydroxymethyl furfuryl production relies on hexose sugars like dextrose as feedstock. In Asia, Q1 saw rising feedstock costs driven by increased inquiries and consumption, despite supply chain disruptions. Improvements in production and consumption, following pandemic-related stagnancy, led to Q1 price rise. However, Q2 faced inflation and declining demand, pushing hydroxymethyl furfuryl prices down. In Europe, Q1 witnessed fluctuating hexose sugar costs, impacting hydroxymethyl furfuryl prices. Improvements in downstream demand and supply-demand balance initially boosted prices, but later oversupply and market decline led to Q2’s price drop. North America faced Q1 inventory challenges, low demand, and imported low-cost products affecting prices. Q2 saw higher demand, but economic conditions and inflation led to price rises.
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Definition
Hydroxymethyl furfuryl (HMF) is a chemical compound derived from hexose sugars like dextrose. It is commonly used as a platform chemical for various applications. HMF possesses a cyclic structure and is recognized for its potential as a renewable and bio-based precursor for producing various chemicals, plastics, and biofuels. HMF has garnered attention due to its versatility as a building block in the synthesis of value-added products. Its properties include a high heat of combustion, stability under various conditions, and the ability to undergo diverse chemical transformations, making it valuable for green and sustainable chemistry.
Key Details About the Hydroxymethyl Furfuryl 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 Hydroxymethyl Furfuryl 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 Furfuryl Price chart, including India Hydroxymethyl Furfuryl price, USA Hydroxymethyl Furfuryl price, 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 the Hydroxymethyl Furfuryl Price Trend:
Hydroxymethyl furfuryl (HMF) finds multiple industrial applications due to its versatile properties. In the food industry, it serves as a natural flavor enhancer and sweetener. In the field of polymers, HMF is utilized as a monomer for producing bioplastics and resins, contributing to sustainable materials. It also acts as a platform chemical for the synthesis of pharmaceutical intermediates and agrochemicals, supporting the development of greener processes. In the renewable energy sector, HMF can be converted into biofuels, offering an eco-friendly alternative to traditional fossil fuels. Its ability to undergo diverse chemical transformations makes it valuable for various applications in sustainable chemistry and advanced materials.
Key Players:
- AVA Biochem
- Robinson Brothers
- Nowa Pharmaceuticals Co Ltd
- Merck
- Zhejiang Sugar Energy Technology Co Ltd
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