Global 2-Methylfuran
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2 methylfuran market growth trends and value chain 2016 2026 by fmi

Global 2-Methylfuran

Market

Share, Global Trends,

Analysis, Research, Report,

Opportunities,

Segmentation and Forecast,

2015-2025

Future Market Insights

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2 methylfuran market growth trends and value chain 2016 2026 by fmi

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2 methylfuran market growth trends and value chain 2016 2026 by fmi

Report Description

Report Description

The global pharmaceuticals market is expected to increase at a CAGR of over 4-5% during

forecast period. 2-Methylfuran is expected to gain traction in the near future as it is

primarily used in pharmaceuticals industry. It is a light yellowish green volatile organic

compound with an ethereal odor and is also known as sylvan. 2-Methylfuran changes its

shading to black or yellow when exposed to sunlight. It is highly flammable and hence is

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

manufacturing of drugs like atropine, sodium acetate, furadantine, anisodamine and

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

Methylfuran. It is less dense than water but its vapors are heavier when contrastedwith

air. 2-Methylfuran also finds application as a tool for screening of lung cancer and

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

furfural, aliphatic compounds and sulfur and nitrogen heterocycles. Moreover, 2-

Methylfuran is also used for making pesticides, flavors or fragrances and has narcotic

effect. Hence, the global 2-Methylfuran market is expected to grow at a moderate CAGR

during the forecast period.

Global 2-Methylfuran Market Dynamics:

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

alternative fuel. This factor is expected to drive the demand for 2-Methylfuran in

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

major driving factor for the growth of global 2-Methylfuran market. Moreover, increasing

demand for pesticides coupled with growing agricultural sector is expected to set an


2 methylfuran market growth trends and value chain 2016 2026 by fmi

Report Description

Report Description

opportunity for the growth of 2-Methyl furan market. One of the major factor restricting

the growth of the global 2-Methylfuran market is its high flammability and lower flash

point. This makes the transportation of 2-Methylfuran difficult, which in turn is expected

to restrain the growth of 2-methylfuran market in the near future. Moreover,

environmental regulation are imposed for limited usage of 2-Methylfuran because of its

toxic effects and thus expected to challenge the overall growth of the market.

Additionally, the key players are responding to the challenges and are expanding their

global presence in order to sustain their share in the global 2-Methylfuran market.

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Global 2-Methylfuran Market: Segmentation

The global 2-Methylfuran market can be segmented on the basis of applications and

regions. On the basis of applications, the global 2-Methylfuran market is segmented into

pharmaceuticals, agricultural and chemical industry. Pharmaceutical industry is estimated

to account the largest share in global 2-Methylfuran market. On the basis of regions, the

global 2-Methylfuran market can be segmented into North America, Western Europe,

Middle East and Africa, Latin America, Asia Pacific, Japan and Eastern Europe.

Global 2-Methylfuran Market: Region wise Outlook

North America is expected to be the most dominant region in global 2-Methylfuran

market. Asia Pacific is anticipated to be the most promising revenue generating region for


2 methylfuran market growth trends and value chain 2016 2026 by fmi

Report Description

Report Description

2-Methylfuran and is expected to grow at significant rate. Due to availability of labor and

low cost of raw material, China is projected to be one of the highest revenue generating

country in Asia Pacific region in 2-Methylfuran market. Middle East & Africa and Latin

America are also expected to show positive growth in the near future.

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Global 2-Methylfuran Market: Key Players

Some of the major key players identified in the global 2-Methylfuran market are as

follows:

Capot Chemical Co. Ltd.

Angene Chemical

A&J Pharmtech Co. Ltd.

Sigma-Aldrich

Finetech Industry Ltd.

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2 methylfuran market growth trends and value chain 2016 2026 by fmi

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