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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.
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.
The global 2-Furoic Acid market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on 2-Furoic Acid volume and value at global level, regional level and company level. From a global perspective, this report represents overall 2-Furoic Acid market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
Key companies profiled in 2-Furoic Acid Market report are Lotus Enterprise, Meryer Chemical Technology, Alfa Aesar, J & K Scientific and more in term of company basic information, Product Introduction, Application, Specification, Production, Revenue, Price and Gross Margin (2014-2019), etc.
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