Dimethylformamide (DMF) Industry Poised for Steady Growth with 4.8% CAGR in the Next Decade

The dimethylformamide (DMF) market is anticipated to thrive at an average CAGR of 4.8% between 2023 and 2033. The market is expected to have a market share of US$ 627.7 million by 2033, while it is likely to be valued at US$ 392.8 million in 2023.

-         Higher demand for dyes, fertilizers, pesticides, and herbicides has flourished the market growth. Furthermore, the advanced SBR latest production also involves the usage of dimethylformamide. Hence, the future for the market looks promising during the forecast period.

-         As an aprotic solvent in chemical transformation, the DMF is also used as a reagent, catalyst, and stabilizer. Hence, these different applications of it help specific chemical operations. New derivatives and saturation levels also decide the performance of the DMF as separate elements in a chemical reaction.

-         The many probable mechanisms originating through these reactions also help the chemical sector growth. The affordable and safe DMF can undergo a series of controlled experiments with the source of 'CN' units.

-         The increased manufacturing and demand of synthetic leathers, adhesives, films, fibers, and sugar face coating are anticipated to add value to the market. The effective usage of it at separating and suspending carbon nanotubes is also expected to create new opportunities for the market.

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Key Points

1.     The United States market leads the North American dimethylformamide (DMF) market in terms of market share in North America. The United States held a market share of 21.3% in 2022. The factors attributed to the growth are a higher government budget for research-based institutions, chemical product preparation, and restored production space.

2.     The German dimethylformamide (DMF) market held a healthy market share of 9.8% in 2022. The market growth is caused by higher manufacturing of adhesives and improved supply chain. The European quest to deliver sustainable solutions for manufacturing and production.

3.     The Indian market thrives at a steady CAGR of 8.3% between 2023 and 2033. The growth is attributed to the government extending chemical product research and development.

4.     China thrives at a booming CAGR of 28.4% between 2023 and 2033. The rapid growth is due to the restored manufacturing and production of acrylic and other chemical-based products.

5.     Based on operation type, the semi-automatic segment held the leading market share of 24.6% in 2022—increased application of it in synthetic resin and leather industries and dose-related massive necrosis in animals.

6.     Based on end use, the pharmaceutical industry segment leads as it held a market share of 43.1% in 2022

Competitive Landscape

The key suppliers focus on multi-purpose usage, delivering enough derivatives, and passing different grade checks. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Recent Market Developments

-         Artha Enterprise has introduced a 170 kg drum and tanker load of dimethyformamide (DMF). The product comes from RCF and is imported to Indian markets through Artha Enterprises.

-         Zhejiang Jiangshan Chemical has launched its Dimethylformamide (DMF) with its different derivatives.

Key Players

  • Cable House
  • J. N. Chemical
  • Artha Enterprise
  • Alpha Chemika
  • Antares Chem Pvt. Ltd.
  • BASF
  • Eastman Chemical
  • Merck
  • Luxi Chemical Group
  • Jiutian Chemical Group
  • Mitsubishi Gas Chemical

Key Segments Covered

By Derivatives:

  • N, N-DMF Dimethyl Acetal
  • N, N-DMF Ditert-Butyl Acetal
  • N, N-Dimethylformamide

By Application:

  • Industrial Solvent
  • Polymer Fibres
  • Surface Coatings
  • Films
  • Processing of Acrylic Fibres
  • Wire Enamel

By End User:

  • Pesticides
  • Pharmaceuticals
  • Solvents
  • Chemicals

 

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