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2-Methylfuran Market

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Future <strong>Market</strong> Insights<br />

Global<br />

2-<strong>Methylfuran</strong> <strong>Market</strong><br />

Share, Global Trends,<br />

Analysis, Research,<br />

Report, Opportunities,<br />

Segmentation and<br />

Forecast,<br />

2016-2026<br />

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Report Description<br />

The global pharmaceuticals market is expected to increase at a CAGR of over 4-5%<br />

during forecast period. 2-<strong>Methylfuran</strong> is expected to gain traction in the near future as it<br />

is primarily used in pharmaceuticals industry. It is a light yellowish green volatile organic<br />

compound with an ethereal odor and is also known as sylvan. 2-<strong>Methylfuran</strong> changes its<br />

shading to black or yellow when exposed to sunlight. It is highly flammable and hence is<br />

stored in a ventilated, cool dry place far from heat & fire. 2-<strong>Methylfuran</strong> is widely used in<br />

manufacturing of drugs like atropine, sodium acetate, furadantine, anisodamine and<br />

thiamine furan. In pharmaceuticals industry, synthesis of vitamin B1 is done using 2-<br />

<strong>Methylfuran</strong>. It is less dense than water but its vapors are heavier when contrastedwith<br />

air. 2-<strong>Methylfuran</strong> also finds application as a tool for screening of lung cancer and<br />

production of anti-malarial drug like chloroquine. It is also used to produce methyl<br />

furfural, aliphatic compounds and sulfur and nitrogen heterocycles. Moreover, 2-<br />

<strong>Methylfuran</strong> is also used for making pesticides, flavors or fragrances and has narcotic<br />

effect. Hence, the global 2-<strong>Methylfuran</strong> market is expected to grow at a moderate<br />

CAGR during the forecast period.<br />

Global 2-<strong>Methylfuran</strong> <strong>Market</strong> Dynamics:<br />

2-Methyl furan is soluble in alcohol and ether and has the potential to be used as an<br />

alternative fuel. This factor is expected to drive the demand for 2-<strong>Methylfuran</strong> in<br />

chemical industry. The growing pharmaceutical industry is also anticipated to be the


The global 2-<strong>Methylfuran</strong> market can be segmented on the basis of applications and<br />

regions. On the basis of applications, the global 2-<strong>Methylfuran</strong> market is segmented into<br />

pharmaceuticals, agricultural and chemical industry. Pharmaceutical industry is<br />

estimated to account the largest share in global 2-<strong>Methylfuran</strong> market. On the basis of<br />

regions, the global 2-<strong>Methylfuran</strong> market can be segmented into North America, Western<br />

Report Description<br />

major driving factor for the growth of global 2-<strong>Methylfuran</strong> market. Moreover, increasing<br />

demand for pesticides coupled with growing agricultural sector is expected to set an<br />

opportunity for the growth of 2-Methyl furan market. One of the major factor restricting<br />

the growth of the global 2-<strong>Methylfuran</strong> market is its high flammability and lower flash<br />

point. This makes the transportation of 2-<strong>Methylfuran</strong> difficult, which in turn is expected<br />

to restrain the growth of 2-methylfuran market in the near future. Moreover,<br />

environmental regulation are imposed for limited usage of 2-<strong>Methylfuran</strong> because of its<br />

toxic effects and thus expected to challenge the overall growth of the market.<br />

Additionally, the key players are responding to the challenges and are expanding their<br />

global presence in order to sustain their share in the global 2-<strong>Methylfuran</strong> market.<br />

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Global 2-<strong>Methylfuran</strong> <strong>Market</strong>: Segmentation


Report Description<br />

Europe, Middle East and Africa, Latin America, Asia Pacific, Japan and Eastern Europe.<br />

Global 2-<strong>Methylfuran</strong> <strong>Market</strong>: Region wise Outlook<br />

North America is expected to be the most dominant region in global 2-<strong>Methylfuran</strong><br />

market. Asia Pacific is anticipated to be the most promising revenue generating region<br />

for 2-<strong>Methylfuran</strong> and is expected to grow at significant rate. Due to availability of labor<br />

and low cost of raw material, China is projected to be one of the highest revenue<br />

generating country in Asia Pacific region in 2-<strong>Methylfuran</strong> market. Middle East & Africa<br />

and Latin America are also expected to show positive growth in the near future.<br />

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Global 2-<strong>Methylfuran</strong> <strong>Market</strong>: Key Players<br />

Some of the major key players identified in the global 2-<strong>Methylfuran</strong> market are as<br />

follows:<br />

Capot Chemical Co. Ltd.<br />

Angene Chemical<br />

A&J Pharmtech Co. Ltd.<br />

Sigma-Aldrich


Report Description<br />

Finetech Industry Ltd.<br />

ChemExper Inc.<br />

MP Biomedicals, LLC.<br />

Amadis Chemical Co. Ltd.<br />

AN PharmaTech Co. Ltd.<br />

Tractus Company Ltd.<br />

Haihang Industry Co. Ltd.<br />

Browse Full Report@ http://www.futuremarketinsights.com/reports/2-methylfuranmarket


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