Business Industry

Global 2-Furoic Acid Market to Witness Rapid Development During the Period 2015-2021

Press Release

The ‘2-Furoic Acid market’ study, published by Persistence Market Research, provides an in-depth analysis pertaining to potential factors fueling the global market growth. The study also encompasses valuable insights about profitability prospects, market size, growth dynamics, and revenue estimation of the business vertical. The study further draws attention to the competitive backdrop of renowned market contenders, including their product offerings and business strategies.

2-Furoic acid is a carboxylic acid with aromatic ring and carboxylic group. It is categorized into specialty chemical. 2-furoic acid is generally used as a food preservative and flavoring agent. It is used in pasteurization and sterilization of food products. It acts as a fungicide and bactericide. In addition, it is also used in optic technologies, nylon preparation and as an intermediate in pharmaceutical industry.

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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.

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.

Some of the major industry participants include Lotus Enterprise, Meryer Chemical Technology Co. Ltd., Alfa Aesar and J & K Scientific Ltd. among others.

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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

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)