Future Market Insights has announced the addition of the “2-Methylfuran Market: Global Industry Analysis and Opportunity Assessment 2016-2026\" report to their offering.
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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
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
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 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
Capot Chemical Co. Ltd.
A&J Pharmtech Co. Ltd.