Press release
2-Furoic Acid Market: Set for Rapid Growth and Trend During 2015 to 2021
The market for 2-furoic acid was mainly driven by food manufacturing sector. 2-furoic acid is also used as a starting material in furoate esters production. The derivatives of 2-furoic acid are used in medicinal preparations and biological research. The major opportunity for 2-furoic acid market is optic technology. 2-Furoic acid crystals can be used in optical devices due to its favorable properties such as non linear optical material (NLO). However, health hazards related to 2-furoic acid such as mutagenic effects are likely to inhibit the market growth.
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In terms of demand, North America was the leading region for 2-furoic acid market in 2012. The demand for 2-furoic acid is huge due to growing consumption from food industry. North America was followed by Europe, owing to huge demand of 2-furoic acid in medical applications. In addition, optic technology is likely to drive the market for 2-furoic acid in European region. Asia Pacific has substantial share in 2-furoic acid market and is expected to exhibit higher demand in the near future due to various manufacturing activities. Rest of the World is expected to witness stable growth for 2-furoic acid market.
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Some of the major industry participants include Lotus Enterprise, Meryer Chemical Technology Co. Ltd., Alfa Aesar and J & K Scientific Ltd. among others.
Key geographies evaluated in this report are:North America,U.S,Canada,Europe,France, Germany, Italy, Spain, and the UK,Eastern Europe,CIS,APAC,China,India,Japan,Australia,Others,Latin America,Argentina,Brazil,Others
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Key features of this report
Drivers, restraints, and challenges shaping the 2-Furoic Acid market dynamics,Latest innovations and key events in the industry,Analysis of business strategies of the top players,2-Furoic Acid market estimates and forecasts(2015 -2021)
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