The global dimethylformamide (DMF) market results in an estimated CAGR of 4.7% into the global market during the forecast period and records a revenue of USD 374.88 million in 2022 and is expected to reach 593.4 Will exceed million USD by 2032.
Dimethylformamide (DMF), a derivative of formamide and an amide of formic acid, is a colourless organic liquid with a high boiling point. It is available in various derivative forms, including N,N-Dimethylformamide dimethyl acetal, N,N-Dimethylformamide dietyl acetal, and N,N-dimethylformamide.
It is widely used in carrying out chemical reactions owing to its miscibility with various compounds and water. In its pure form, dimethylformamide is odourless; however, impure or degraded dimethylformamide has a fishy odour because of its impurities.
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Dimethylformamide finds its applications in the production of films, surface coatings, and fibres. It is also widely used as an industrial solvent. Although dimethylformamide is widely used across a wide range of end-use industries, concerns about its potential health impact remain a key challenges to its widespread adoption.
Prolonged exposure to dimethylformamide has been associated with liver damage in both humans and animals. Symptoms of prolonged exposures of dimethylformamide in humans include nausea, abdominal pain, vomiting, jaundice, and rashes.
Global Dimethylformamide Market: Drivers and Restrains
Wide-ranging applications of dimethylformamide in solvents, fibres, and pesticides will continue to drive the growth of the global dimethylformamide market during the forecast period, 2016-2026.
Derivatives of dimethylformamide are widely used in the manufacture of wire enamels, pesticides, pharmaceuticals, and acrylic fibres. However, concerns regarding the health impact of prolonged exposure to dimethylformamide can impede growth during the forecast period.
Global Dimethylformamide Market: Region-Wise Outlook
The global dimethylformamide market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa (MEA). Asia Pacific is the market leader in the global dimethylformamide market, owing to strong demand for dimethylformamide from the region’s pharmaceutical sector.
North America is the second largest market for dimethylformamide – steady demand from the region’s solvent and films industry is fuelling the growth of the dimethylformamide market in the region. Europe is the third largest market for dimethylformamide, with applications in automobiles and surface coatings fuelling the growth of the market.
Latin America dimethylformamide market is also witnessing steady growth owing to the flourishing pharmaceuticals and chemicals industry in this region. Middle East and Africa is at a nascent stage in the global dimethylformamide market although it is expected to witness promising growth rates during the forecast period.
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Global Dimethylformamide Market: Key Players
Key players in the global dimethylformamide market include:
- 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
- The Chemours
- Zhejiang Jiangshan Chemical
- Chemanol
- AK-KIM
- Pharmco Products
- Ineos AG
- Arkema Group
Key Segments Profiled in the Dimethylformamide (DMF) Market Survey
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
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
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It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
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The post Dimethylformamide (DMF) Market is reaching US$ 593.4 Mn at a gracious rate of 4.7% by the year 2032 appeared first on Future Market Insights.
