2-Methylfuran Market Analysis, Segments, Growth and Value Chain 2016-2026
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 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 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.
A&J Pharmtech Co. Ltd.
Finetech Industry Ltd.
MP Biomedicals, LLC.
Amadis Chemical Co. Ltd.
AN PharmaTech Co. Ltd.
Tractus Company Ltd.
Haihang Industry Co. Ltd.
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