2-Furoic Acid Market: Global Industry Analysis and Forecast 2014 – 2020Persistence Market Research2-Furoic Acid Market: Global Industry
Analysis and Forecast 2014 – 2020Persistence Market Research1 2-Furoic Acid Market: Global Industry Analysis and Forecast 2014 – 2020
Persistence Market Research Released New Market Report on “2-Furoic Acid Market: Global
Industry Analysis and Forecast 2014 – 2020”.
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…

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