The size and share of Dimethylformamide (DMF) Market is predicted to grow from $ 687.8 million in 2021 to $ 812.1 million in 2026, at a compound annual rate of 7.25% from 2021 to 2026.
The expansion of the DMF market in the world can be attributed to the escalated call for dimethylformamide from various end-use industries such as chemicals, pharmaceuticals, electronics, and agrochemicals. The growing call for polyurethane products by companies that manufacture artificial leather, shoe soles, consumer products (insulation and padding) and their adhesives and coatings is also driving the expansion of the DMF market around the world. Different types of dimethylformamide solvents are employed in different end-use companies, depending on your needs.
These grades of dimethylformamide solvents have different characteristics that differ according to the needs of the applications in which they are employed. Dimethylformamide (DMF) is a colorless and moist organic compound. It forms a homogeneous mixture when added to water and other organic compounds. Dimethylformamide is commonly employed as a solvent in chemical reactions. It is a hydrophilic aprotic solvent and has a high boiling point.
In March 2020, Huntsman International LLC unveiled their Spray Polyurethane Foam business to increase their portfolio of products. They also acquired SPF company Demilic in 2018.
Ferry Stena Germanica was the first ship to run on methanol which is used a marine fuel, this signified major milestone in the shift towards a sustainable future and decarbonisation process.
Dimethylformamide is mainly used in pharmaceutical applications, majorly for re-crystallization of drug. With the increase in expenditure towards the healthcare industry, the market looks lucrative. Dimethylformamide are also used in agrochemicals industry for the production of various pesticides and fertilizers. In addition to this, they are also used in Petrochemical industries for the production of chemicals. All these industrial applications are driving growth in the international marketplace for Dimethylformamide.
Various grades of dimethylformamide solvents offer distinct features, which differ based on the need of end-user applications. On the basis of type, the DMF market has been classified into reactant and feedstock. Growing demand for polyurethane-based products from the automotive industry is fuelling the growth of the DMF market across the world. Further, increasing use of DMF in applications such as manufacturing drugs, wire enamels and epoxy laminated coatings, and pesticides is also driving the growth of the DMF market across the planet.
The government restrictions regarding the extent of usage of DMF in industries along with the global economic slowdown has had negative impact on the market, and it is expected to be the major hindering factor for the growth of DMF industry.
Dimethylformamide Market - By Type
Dimethylformamide Market - By Application
The augmented usage of Dimethylformamide in several end-use industries like chemicals, pharmaceuticals, agrochemical, and so on is primarily driving the call in the worldwide market. The growing demand for polyurethane-based products from the industries manufacturing synthetic leather, shoe soles, consumer goods and their adhesives and coatings is also fuelling the growth of the DMF market across the globe.
Dimethylformamide is also widely used in the healthcare sector in the European countries. Germany for example has been spending a lot in the healthcare sector and was able to contain the covid-19 pandemic in the European region better than any other country. Many countries throughout the world are following Germany’s model and have increase their investments in the healthcare sector. This has caused the regional market to grow significantly.
The market demand from the chemical industry is projected to grow at the highest CAGR during the forecast period of 2020 to 2025, in terms of value. This high growth is attributed to the perennial improvements in the infrastructure and other components in the chemical industry. In addition to this, there are developments going on for making healthcare accessible to all. Dimethylformamide are heavily used in this industry and is helping the market grow. The increasing use of chemicals is supposed to drive the market boom in the near future.
The Asia Pacific region (APAC) is expected to dominate the global Dimethylformamide market in terms of value during the outlook period of 2020 to 2025. The growing population of the Asian countries has sparked a demand for Dimethylformamide in several industries. The market in these end-use segments is led by China and few more Asian countries. Amidst the incessant technological growth, the demand for high performing Dimethylformamide is increasing. This has led to developments in the APAC Dimethylformamide market.
North America is the second largest producer of Dimethylformamide. The North American market is foreseen to grow at an estimated CAGR of 4.8% from 2020 to 2025. The easy affordability of natural products is likely to play a crucial role in supporting demand in the North American market. However, in terms of volume, North America is still way behind the Asia Pacific region
Henkel AG & Co.
Imperial Chemical Corporations
Coronavirus has exposed severe challenges for the chemical market by impacting various sectors. The Dimethylformamide market is no different; it saw a negative growth in this period owing to the decrease in demand from the manufacturing and chemical production industries which faced severe hardships. The demand was low, and the availability of labour was another factor that made the situation worse.
In addition to this, reduced capacities of several workplaces affected the efficiency of production. However, more investments are made towards healthcare industries and pharmaceutical sector. Post the pandemic, the market is expected to grow at a considerable annual growth rate.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.3 raw material
5.1.5 Y-o-Y Growth Analysis, By Type
5.1.6 Market Attractiveness Analysis, By Type
5.1.7 Market Share Analysis, By Type
5.2 end-use industry
5.2.3 electronic products
5.2.5 fiber spinning
5.2.6 Y-o-Y Growth Analysis, By end-use industry
5.2.7 Market Attractiveness Analysis, By end-use industry
5.2.8 Market Share Analysis, By end-use industry
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Type
188.8.131.52 By end-use industry
184.108.40.206 By Indication
6.1.4 Market Attractiveness Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Type
22.214.171.124 By end-use industry
126.96.36.199 By Indication
6.1.5 Market Share Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Type
220.127.116.11 By end-use industry
18.104.22.168 By Indication
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Jiutian Chemical
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.3 Eastman Chemical
8.5 LUXI Chemical
8.6 Mitsubishi Gas Chemical
8.8 The Chemours
8.9 Zhejiang Jiangshan Chemical
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
The segment-level analysis in terms of by type, and end-user sector along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Global Dimethylformamide (DMF) Market By Region, From2021-2026( USD Billion )
Global Dimethylformamide (DMF) Market By Type, From2021-2026( USD Billion )
Global reagent Market By Region, From2021-2026( USD Billion )
Global raw material Market By Region, From2021-2026( USD Billion )
Global Dimethylformamide (DMF) Market By end use industry, From2021-2026( USD Billion )
Global pharmaceuticals Market By Region, From2021-2026( USD Billion )
Global electronic products Market By Region, From2021-2026( USD Billion )
Global chemicals Market By Region, From2021-2026( USD Billion )
Global fiber spinning Market By Region, From2021-2026( USD Billion )