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 />
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