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Dimethylformamide (DMF) Market Revenue, Trends, Market Share Analysis, and Forecast to 2027

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Ajit Chary
Dimethylformamide (DMF) Market Revenue, Trends, Market Share Analysis, and Forecast to 2027

The Global Dimethylformamide (DMF) Market is projected to grow at a CAGR of 4.4% from USD 685.4 million in 2019 to USD 974.7 million in 2027. 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.

The major driving factors for dimethylformamide market are growing its demand from various end-use industries, including electronics, agrochemicals, textile, pharmaceuticals, and chemical, among others. The applications of the dimethylformamide in itself are the driving force for the solvent. Due to its high solubility of polyacrylonitrile properties and having good mixing ability in the water makes dimethylformamide a major solvent to produce acrylic fibers, which are primarily used in the clothing material in the textile market. It is used as a solvent for the production of surface coatings or synthetic leather creation. In the pharmaceutical industry, it is used solvent and crystallization agent. In the electronics industry, the dimethylformamide acts as an inorganic substance that helps in the production of high voltage capacitors.

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Top Players Analyzed in the Report are:

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).

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; 2016–2027)

  • Reactant
  • Feed-Stock
  • Others

Application (Volume in Metric Tons; Revenue in USD Million; 2016–2027)

  • Solvents
  • Polymers Fiber
  • Films
  • Adhesive
  • Wire Enamels
  • Surface Coatings
  • Other Applications

End Use (Volume in Metric Tons; Revenue in USD Million; 2016–2027)

  • Chemical
  • Electronics
  • Pharmaceutical
  • Agrochemical
  • Others

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Regional Analysis Covers:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Benefits of Global Dimethylformamide (DMF) Market Report:

  • Comprehensive analysis of the changing market dynamics
  • A futuristic outlook on different factors influencing the market
  • An 8-year forecast of the market growth and expected revenue growth
  • Ease of understanding of the market, key segments, and their future growth
  • In-depth analysis of the competitive landscape to give an advantageous edge for the companies
  • Extensive insight into the market with in-depth analysis of the segmentation

To know more about the report, visit @ https://www.reportsanddata.com/report-detail/dimethylformamide-dmf-market

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