Market Overview:
The global 2-acetylfuran market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for 2-acetylfuran in various applications such as chemical, cosmetic, medical and others. Additionally, factors such as rising population and growing disposable income are also contributing to the growth of the global 2-acetylfuran market. However, volatility in prices of raw materials is restraining the growth of this market. On basis of type, pharmaceutical grade segment is expected to hold major share in terms of revenue followed by chemical grade segment during forecast period from 2018 to 2030.
Product Definition:
2-Acetylfuran is an organic compound with the formula CH3C(O)CH=CH2. It is a colorless liquid that is soluble in most common solvents. It has a fruity odor. 2-Acetylfuran is used as a flavoring agent and as an intermediate in the synthesis of other compounds.
Pharmaceutical Grade:
2-Acetylfuran is a colorless liquid with a mild pleasant odor. It is soluble in water, ethanol and diethyl ether. The product has applications as an intermediate in the synthesis of chemicals, herbicides and fungicides. Pharmaceutical grade 2-acetylfuran can be used for the treatment of cancer cells; it increases levels of adenine nucleotide and phosphates inside cells which results in cell death by apoptosis pathway.
Chemical Grade:
Chemical grade is the purity of raw material used in the production process. It plays an important role as it affects the quality and price of end product.
It is a concentration higher than that which can be obtained by simple distillation or crystallization, but lower than that which requires special purification techniques such as fractional crystallization, rotary vacuum panning, and column chromatography to isolate pure materials.
Application Insights:
The chemical segment dominated the global 2-acetylfuran market in terms of revenue share in 2017. The growth of this segment is attributed to rising demand from various sectors such as pharmaceutical, chemical, and cosmetic industries. In addition, extensive usage of 2-acetylfuran as an intermediate for the production of other chemicals also contributes towards market growth.
Cosmetic application is anticipated to witness significant gains over the forecast period owing to increasing awareness about personal care products and growing preference for natural ingredients among consumers globally. Moreover, consumer inclination towards anti aging properties in skincare products will boost product demand over the next eight years. Increasing use of 2-acetylfuran as a preservative in cosmetics will further fuel its consumption over this period too (Ref). Medical applications are expected to grow at a CAGR exceeding 7% from 2018 to 2030 on account of extensive utilization as an analgesic drug (painkiller) with few side effects (Ref).
Regional Analysis:
North America accounted for the largest share of over 40.0% in 2017, owing to the presence of a large number of manufacturers and suppliers coupled with high demand from various end-use industries. The region is expected to maintain its dominance during the forecast period due to increasing R&D activities by key players as well as government support for innovation & technology transfer related to 2-ACF derivatives.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising demand from end-use industries such as agrochemicals, pharmaceuticals, cosmetics and others in countries such as China, India and Japan. In addition, growing population coupled with rising disposable income will drive further product consumption across several applications in this region which will also propel market growth during the projected time frame.
Growth Factors:
- Increasing demand for 2-Acetylfuran in agrochemical and pharmaceutical industries as a precursor to various drugs and pesticides.
- Growing popularity of 2-Acetylfuran as an intermediate in the production of fragrances, flavors, and other fine chemicals.
- Rising demand from end users due to its excellent properties such as high purity, thermal stability, solubility in organic solvents etc.
- Technological advancements that have led to the development of new applications for 2-Acetylfuran including fuel additives and polymerization inhibitors etc.
Scope Of The Report
Report Attributes
Report Details
Report Title
2-Acetylfuran Market Research Report
By Type
Pharmaceutical Grade, Chemical Grade
By Application
Chemical, Cosmetic, Medical, Others
By Companies
Odowell, Nbinno, Synerzine
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
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global 2-Acetylfuran Market Report Segments:
The global 2-Acetylfuran market is segmented on the basis of:
Types
Pharmaceutical Grade, Chemical Grade
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
Chemical, Cosmetic, Medical, Others
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:
- Odowell
- Nbinno
- Synerzine
Highlights of The 2-Acetylfuran 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:
- Pharmaceutical Grade
- Chemical Grade
- By Application:
- Chemical
- Cosmetic
- Medical
- Others
- 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-Acetylfuran 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.
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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-Acetylfuran is a chemical compound with the molecular formula C8H10F2. It is a colorless liquid that has a fruity, floral odor. 2-Acetylfuran is used as an intermediate in the production of other chemicals.
Some of the major players in the 2-acetylfuran market are Odowell, Nbinno, Synerzine.
The 2-acetylfuran market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 2-Acetylfuran Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 2-Acetylfuran Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 2-Acetylfuran Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the 2-Acetylfuran Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global 2-Acetylfuran Market Size & Forecast, 2020-2028 4.5.1 2-Acetylfuran Market Size and Y-o-Y Growth 4.5.2 2-Acetylfuran Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Pharmaceutical Grade
5.2.2 Chemical Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chemical
6.2.2 Cosmetic
6.2.3 Medical
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global 2-Acetylfuran Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 2-Acetylfuran Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Pharmaceutical Grade
9.6.2 Chemical Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chemical
9.10.2 Cosmetic
9.10.3 Medical
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Pharmaceutical Grade
10.6.2 Chemical Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chemical
10.10.2 Cosmetic
10.10.3 Medical
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Pharmaceutical Grade
11.6.2 Chemical Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chemical
11.10.2 Cosmetic
11.10.3 Medical
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Pharmaceutical Grade
12.6.2 Chemical Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chemical
12.10.2 Cosmetic
12.10.3 Medical
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Pharmaceutical Grade
13.6.2 Chemical Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chemical
13.10.2 Cosmetic
13.10.3 Medical
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 2-Acetylfuran Market: Competitive Dashboard
14.2 Global 2-Acetylfuran Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Odowell
14.3.2 Nbinno
14.3.3 Synerzine