2-Furoic Acid Market (Updated Version Available)

The 2-Furoic Acid market had reached xxx million USD with a CAGR xx from 2015-2019. Later on, it will go to xxx million USD in 2020 with a CAGR xx % from 2020 to 2025.
2-Furoic acid is a heterocyclic carboxylic acid, consisting of a five-membered aromatic ring and a carboxylic acid group.
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. 
In the global 2-Furoic Acid market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the market on the basis of application, type, regions, and manufactures.

In global market, the following companies are covered:
Lotus Enterprise
Meryer Chemical Technology
Alfa Aesar
J & K Scientific
...

Market Segment by Product Type:
2-Furoic Acid 98%
2-Furoic Acid 97%
Others

Market Segment by Application:
Food
Optic Technologies
Nylon Preparation
Pharmaceutical Industry
Others

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the 2-Furoic Acid market for the forecast period 2020 - 2025?
• What are the driving forces in the 2-Furoic Acid market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the 2-Furoic Acid industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?