Dimethylformamide (DMF) Market, Growth, Market Share Analysis, and Forecast to 2026
According to the current analysis of Reports and Data, the global dimethylformamide market was valued at USD 650.3 Million in 2018 and is expected to reach the value of USD 923.9 Million by the end of the year 2026, at a CAGR of 4.5%. Dimethylformamide (DMF), is a colorless, absorbent liquid with a slight fish like odor. Due to its high aprotic nature, wide liquid range, and low volatility, it is primarily used as a solvent. It is primarily applicable largely in several industries, such as textile, chemical, agriculture, electronics, energy, automotive, pulp and paper. Due to strong applications of dimethylformamide, the solvent is well known as a Universal Solvent across the industries.
Market Dynamics:
The materials and chemicals market
revenue has expanded significantly over the years and is expected to register
robust revenue growth over the forecast period. Technological advancements,
rising investments in research and development activities, increasing demand
for raw materials in various sectors such as manufacturing, agriculture, food
and beverage, pharmaceutical and biotechnology is boosting market growth. In addition, changes in consumer preference,
rising disposable income especially in the developing economics, rising funds
by several public and private organizations, and increasing demand for
biodegradable products are factors boosting market growth.
Request for sample
copy @ https://www.reportsanddata.com/sample-enquiry-form/2220
Key participants include Eastman Chemical
Company (U.S.), BASF SE (Germany), Merck & Co., Inc. (U.S.), J.N. Chemicals
(India), DuPont de Nemours, Inc. (U.S.), Mitsubishi Gas Chemical (Japan),
Zhejiang Jiangshan Chemical Co, Ltd. (China), The Chemours Company (U.S.),
Pharmco-Aaper (U.S.), and Luxi Group Co., Ltd. (China).
Geographically, the Asia Pacific
market is expected to dominate the market during the forecast period. The
driving factor in the region is the growing demand for DMF from end-use
industries like agrochemical, electronics, pharmaceutical, and chemical. Due to
the ever-increasing demand for pesticides to improve crop yield, the industry
is expected to witness healthy gains in the forecast timeline. These trends are
also expected to increase the demand for dimethylformamide. Apart from this,
growing consumer demand from the pharmaceutical industry will be a key
contributor to the Asia Pacific market in the forecast period as a solvent for
the preparation of many drugs. Growing population, increasing urbanization, and
improving consumer spending are the drivers for the growth of market.
Further key findings from the report
suggest
- Dimethylformamide market is growing at a
CAGR of 8% in the Asia Pacific, followed by North America and Europe with
4.6% and 3.9% CAGR, respectively. High industrial applications of the dimethylformamide
is the key factor to accelerate the market growth during forecast period
across all regions.
- The Asia Pacific is expected to account
for 58.4% of the global dimethylformamide market. The large number of
manufacturers are in developing nations, such as China and India.
- The solvent is the dominating
dimethylformamide application, which holds 31.4% of the global market. The
Asia-Pacific market is the chief revenue-generating source for this
product segment, followed by North America and Europe regions
- The chemical end-use segment is expected
to be the fastest-growing market segment during the forecast period
2019-2026 with a CAGR of 4.8% in the end-use segment. The large number use
of chemicals to develop dimethylformamide and the risk associated with the
chemicals is a challenge.
- Other applications segments, such as
construction, personal care products, manufacturing rubber, paint,
textiles, was valued at USD 154.8 Million in 2018 and is expected to reach
the value of USD 218.4 Million by the end of the year 2026.
- The risk of toxicity associated while
producing and the availability of alternatives is likely to hinder the
market growth during the forecast period.
For the purpose of this report,
Reports and Data has segmented the Dimethylformamide market on the basis of
Type, Application, End Use, and Region:
Type (Volume in
Metric Tons; Revenue in USD Million; 2016–2026)
- Reactant
- Feed-Stock
- Others
To identify the
key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/dimethylformamide-dmf-market
Application
(Volume in Metric Tons; Revenue in USD Million; 2016–2026)
- Solvents
- Polymers Fiber
- Films
- Adhesive
- Wire Enamels
- Surface Coatings
- Other Applications
End Use (Volume
in Metric Tons; Revenue in USD Million; 2016–2026)
- Chemical
- Electronics
- Pharmaceutical
- Agrochemical
- Others
Request for customization@ https://www.reportsanddata.com/request-customization-form/2220
Regional Outlook
(Volume, Metric Tons; Revenue in USD Million; 2016–2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
- Brazil
Explore Reports and Data's Prime Analysis of
the global Materials
and Chemicals Industry:
Bleached Softwood Kraft (BSK) Market
Analysis
Extrusion Blow Moulding Market Share
Water-based PUR-system Market Analysis
Decorative Paints & Coatings Market
Analysis
Flexible Plastic Packaging Market
Manufacture
Thank you for reading our report. To know more
about the customization or any query about the report contents, please connect
with us and our team will ensure the report is tailored to meet your
requirements.
About Reports and Data
Reports and Data is a market research
and consulting company that provides syndicated research reports, customized
research reports, and consulting services. Our solutions purely focus on your
purpose to locate, target and analyze consumer behavior shifts across
demographics, across industries and help client’s make a smarter business
decision. We offer market intelligence studies ensuring relevant and fact-based
research across a multiple industries including Healthcare, Technology,
Chemicals, Power and Energy. We consistently update our research offerings to
ensure our clients are aware about the latest trends existent in the market. Reports
and Data has a strong base of experienced analysts from varied areas of
expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports
Read
More Related Reports:
Poly-Vinylidene Dichloride (PVDC) Coated Films Market
Comments
Post a Comment