Market Overview:
The global 2-Methylfuran market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for 2-Methylfuran from various applications such as pharmaceutical industry, agricultural industry, and chemical industry. Moreover, rising awareness about benefits of 2-Methylfuran is also propelling the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market to some extent during the forecast period. On basis on type, industrial grade segment is anticipated to hold major share in global 2-Methylfuran market followed by drug grade and others segments respectively during forecast period. On basis on application, pharmaceutical industry segment is anticipated to hold major share followed by agricultural industry and chemical industry segments respectively during forecast period.
Product Definition:
2-Methylfuran is a colorless, flammable liquid. It is used as an intermediate in the synthesis of pharmaceuticals and agrochemicals.
Industrial Grade:
Industrial grade is also known as 2-Methyllfuran, it's a colorless and highly flammable liquid with an odor similar to gasoline. It is soluble in ether, alcohol and water. The major application of industrial grade methyllfuran is for the production of olefins such as ethylene and propylene.
Drug Grade:
Drug grade is used for the production of 2-Methylfuran. It is also used as a raw material in the manufacturing of other chemicals such as dimethyl ether, methyl tert-butyl ether and ethyl acetate. The global demand for drugs has increased over recent years due to an increase in population and awareness among consumers regarding various diseases prevalent today such as cancer, diabetes, high blood pressure & cholesterol levels among others.
Application Insights:
The global 2-Methylfuran market has been segmented on the basis of application into pharmaceutical industry, agricultural industry, and chemical industry. The agricultural application was the largest segment in 2017 and is expected to witness growth over the forecast period. This can be attributed to rising demand for fumigants in order to control various pests including termites, carpenter ants, red fire ants among others. Fumigation with 2-Methylfuran increases by around 20% compared to that of methyl bromide which is used as a fumigant for pest control in grains and cereals among other crops worldwide.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a share of over 50% owing to high product demand from various end-use industries, such as chemical, pharmaceuticals and agrochemicals. China is expected to be one of the major producers of 2MF due to easy availability of raw materials coupled with low manufacturing cost. The country has also been observed to be an active participant in trade liberalization programs initiated by international organizations, such as GATT (General Agreement on Tariffs & Trade) and WTO (World Trade Organization). These factors are anticipated to boost industry expansion over the forecast period.
Europe is projected to witness significant growth during the forecast years on account of rising R&D activities relatedto bio-based chemicals along with increasing focus towards sustainable development in countries like Germanyand U.K.
Growth Factors:
- Increasing demand for 2-Methylfuran in various end-use industries such as agrochemicals, pharmaceuticals, and flavors & fragrances.
- Growing popularity of 2-Methylfuran as a green solvent owing to its environmental friendly properties.
- Rising investment by key players in R&D activities to develop new applications for 2-Methylfuran.
- Increasing use of 2-Methylfuran in the production of biofuels as an alternative to gasoline and diesel fuel additives.
Scope Of The Report
Report Attributes
Report Details
Report Title
2-Methylfuran Market Research Report
By Type
Industrial Grade, Drug Grade, Others
By Application
Pharmaceutical Industry, Agricultural Industry, Chemical Industry
By Companies
Capot Chemical, Angene Chemical, Finetech Industry, Amadis Chemical, AN PharmaTech, Tractus Company, Haihang Industry, Guangzhou Chen Yu Chemicals, Shandong YINO Biologic Materials
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global 2-Methylfuran Market Report Segments:
The global 2-Methylfuran market is segmented on the basis of:
Types
Industrial Grade, Drug Grade, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical Industry, Agricultural Industry, Chemical Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Capot Chemical
- Angene Chemical
- Finetech Industry
- Amadis Chemical
- AN PharmaTech
- Tractus Company
- Haihang Industry
- Guangzhou Chen Yu Chemicals
- Shandong YINO Biologic Materials
Highlights of The 2-Methylfuran Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Grade
- Drug Grade
- Others
- By Application:
- Pharmaceutical Industry
- Agricultural Industry
- Chemical Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the 2-Methylfuran Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
2-Methylfuran is a chemical compound with the molecular formula C8H10F2. It is a colorless, volatile, flammable liquid that has a sweet odor. 2-Methylfuran is used as an intermediate in the production of other chemicals.
Some of the key players operating in the 2-methylfuran market are Capot Chemical, Angene Chemical, Finetech Industry, Amadis Chemical, AN PharmaTech, Tractus Company, Haihang Industry, Guangzhou Chen Yu Chemicals, Shandong YINO Biologic Materials.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. 2-Methylfuran Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. 2-Methylfuran Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. 2-Methylfuran Market - Supply Chain
4.5. Global 2-Methylfuran Market Forecast
4.5.1. 2-Methylfuran Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. 2-Methylfuran Market Size (000 Units) and Y-o-Y Growth
4.5.3. 2-Methylfuran Market Absolute $ Opportunity
5. Global 2-Methylfuran Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. 2-Methylfuran Market Size and Volume Forecast by Type
5.3.1. Industrial Grade
5.3.2. Drug Grade
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global 2-Methylfuran Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. 2-Methylfuran Market Size and Volume Forecast by Application
6.3.1. Pharmaceutical Industry
6.3.2. Agricultural Industry
6.3.3. Chemical Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global 2-Methylfuran Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. 2-Methylfuran Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global 2-Methylfuran Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. 2-Methylfuran Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global 2-Methylfuran Demand Share Forecast, 2019-2026
9. North America 2-Methylfuran Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America 2-Methylfuran Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America 2-Methylfuran Market Size and Volume Forecast by Application
9.4.1. Pharmaceutical Industry
9.4.2. Agricultural Industry
9.4.3. Chemical Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America 2-Methylfuran Market Size and Volume Forecast by Type
9.7.1. Industrial Grade
9.7.2. Drug Grade
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America 2-Methylfuran Demand Share Forecast, 2019-2026
10. Latin America 2-Methylfuran Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America 2-Methylfuran Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America 2-Methylfuran Market Size and Volume Forecast by Application
10.4.1. Pharmaceutical Industry
10.4.2. Agricultural Industry
10.4.3. Chemical Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America 2-Methylfuran Market Size and Volume Forecast by Type
10.7.1. Industrial Grade
10.7.2. Drug Grade
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America 2-Methylfuran Demand Share Forecast, 2019-2026
11. Europe 2-Methylfuran Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe 2-Methylfuran Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe 2-Methylfuran Market Size and Volume Forecast by Application
11.4.1. Pharmaceutical Industry
11.4.2. Agricultural Industry
11.4.3. Chemical Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe 2-Methylfuran Market Size and Volume Forecast by Type
11.7.1. Industrial Grade
11.7.2. Drug Grade
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe 2-Methylfuran Demand Share, 2019-2026
12. Asia Pacific 2-Methylfuran Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific 2-Methylfuran Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific 2-Methylfuran Market Size and Volume Forecast by Application
12.4.1. Pharmaceutical Industry
12.4.2. Agricultural Industry
12.4.3. Chemical Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific 2-Methylfuran Market Size and Volume Forecast by Type
12.7.1. Industrial Grade
12.7.2. Drug Grade
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific 2-Methylfuran Demand Share, 2019-2026
13. Middle East & Africa 2-Methylfuran Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa 2-Methylfuran Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa 2-Methylfuran Market Size and Volume Forecast by Application
13.4.1. Pharmaceutical Industry
13.4.2. Agricultural Industry
13.4.3. Chemical Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa 2-Methylfuran Market Size and Volume Forecast by Type
13.7.1. Industrial Grade
13.7.2. Drug Grade
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa 2-Methylfuran Demand Share, 2019-2026
14. Competition Landscape
14.1. Global 2-Methylfuran Market: Market Share Analysis
14.2. 2-Methylfuran Distributors and Customers
14.3. 2-Methylfuran Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Capot Chemical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Angene Chemical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Finetech Industry
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Amadis Chemical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. AN PharmaTech
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Tractus Company
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Haihang Industry
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Guangzhou Chen Yu Chemicals
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shandong YINO Biologic Materials
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
