Global Dimethylformamide Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global dimethylformamide market in its upcoming report titled, “Global Dimethylformamide Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global dimethylformamide market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global dimethylformamide market report has been segmented on the basis of type, end-use industry, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Dimethylformamide (DMF) is an organic compound with the formula (CH3)2NC(O)H. It is a derivative of formamide and has fishy or ammoniacal odor. It is produced by reaction of dimethylamine with carbon monoxide or methyl formate. Dimethylformamide is a clear liquid used as a solvent for chemical reactions, an additive, or an intermediate owing to its miscibility with water and organic solvents. It is widely used for the manufacturing of pesticides, films, adhesives, fibers, synthetic leathers, and surface coatings.
Increasing demand for dimethylformamide from end-use industries such as chemical and pharmaceutical is a major factor expected to drive growth of the global dimethylformamide market over the forecast period. In addition, increasing use of dimethylformamide in plastic, pesticide, leather, and coating industries is also expected to propel demand of dimethylformamide and drive growth of the target market during the forecast period. Moreover, increasing demand in automotive industry, is expected to create a lucrative opportunity for the global dimethylformamide market over the forecast period.
However, dimethylformamide has hazardous impact on health due to prolong use, which may hamper demand for dimethylformamide and restrain growth of the target market in coming years. In addition, stringent rules and regulation is another factor may hinder growth of the target market.
The Asia Pacific accounted for highest revenue share in the global dimethylformamide market and is expected to dominate the market over the forecast period, owing to increasing demand for dimethylformamide from various end-use industries such as chemical, electronics, pharmaceutical, and agrochemical in countries in the region. The Europe market is estimated to register a considerable share in terms of revenue during the forecast period. The dimethylformamide market in Latin America is projected to witness a moderate growth rate followed by the Middle East and Africa during the forecast period.
Global Dimethylformamide Market Segmentation:
Segmentation On the Basis of Type:
Segmentation On the Basis of End-use Industry:
Segmentation On the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- BASF SE
- Eastman Chemical Company
- The Chemours Company
- Merck KGaA
- MITSUBISHI GAS CHEMICAL COMPANY, INC.
- Zhejiang Communications Technology Co., Ltd.
- Jiutian Chemical Group Limited
- Luxi Chemical Group Co., Ltd.
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