Global Dimethylformamide Market Report 2021-2027: Analysis
Dublin, November 01, 2021 (GLOBE NEWSWIRE) – The “Dimethylformamide Market – Global Forecast to 2027” report was added to ResearchAndMarkets.com offer.
Dimethylformamide Market Expected To Grow At 4.72% CAGR By 2027
Dimethylformamide is a colorless organic compound and is designated by the formula (CH3) 2NC (O) H, and the CAS number is 68-12-2. In several applications such as polymer fibers, films and surface coatings, dimethylformamide is primarily used as an industrial solvent.
Dimethylformamide is a combination of dimethylamine with carbon monoxide or the combination of methyl formate and dimethylamine. Due to the miscibility of dimethylformamide with water and multiple compounds, it is also used as a catalyst and raw material in various chemical reactions.
The demand for dimethylformamide in various applications is greatly stimulated due to the vigorous growth of the chemical and pharmaceutical industry around the world. Dimethylformamide is widely used as a cleaner for hot tinned parts in the chemical industry due to the high solubility of organic and inorganic residues.
However, factors such as government restrictions on the extent of use of dimethylformamide in industries coupled with the global economic downturn may hamper the market growth.
Scope of the report
Dimethylformamide (DMF) market is divided into premium grade, qualified grade and others based on product type. The premium segment represents the largest share of the market; On the other hand, the qualifying rank segment is expected to increase rapidly during the forecast period. The growth of the segment can be attributed to the increasing use of these products in several industries.
According to the market by application, the market is categorized into catalyst, reagent, and raw material. The product is most widely used as a catalyst in various reactions carried out in chemical and other industries. For example, it is used as a catalyst in the synthesis of acyl chloride from a carboxylic acid using oxalyl or thionyl chloride. In addition, it is widely used as an affordable commercially available solvent in the chemical industry due to its aprotic and hydrophilic properties. Thus, the catalyst segment is expected to experience the strongest growth in the coming years.
Further, based on the end user, the market is divided into agrochemicals, electronics, chemicals and petrochemicals, pharmaceuticals, and others. Among these segments, the agrochemical segment held a significant market share. DMF in the agrochemical industry is used as a solvent in the manufacture of pesticides. The increasing demand for pesticides around the world to improve the production of the agricultural industry is expected to have a significant impact on the size of the dimethylformamide market over the coming years.
As in the geographic market, the Asia-Pacific region has gained substantial market share. India, followed by China and Japan, is considered the largest producer of pesticides. The market is expected to experience robust growth in the region due to the ever increasing demand for pesticides in the coming years.
Globally, dimethylformamide is widely applicable in the electronics industry due to its high solvency. For example, the high solubility of inorganic substances in DMF leads to the generation of high voltage capacitors in the electronics industry. This is an important factor that is expected to drive the growth of the global market in the coming years.
The major operational players in the market are Samsung Fine Chemicals Co., Ltd., Shandong Hualu-Hengsheng Chemical Co., Ltd., Shandong IRO Amine Industry Co., Ltd., The Chemours Company, Zhejiang Jiangshan Chemical Co., Ltd. , Johnson Matthey Davy Technologies, Luxi Chemical Group Co., Ltd., Mitsubishi Gas Chemical Co., Inc., Anyang Chemical Industry Limited Liability Company and Balaji Amines Ltd.
Now, the dimethylformamide market is witnessing healthy gains during the forecast period. The product is most widely used in various applications due to its advantages. More particularly, dimethylformamide has wide scope in the agrochemical and automotive industries.
Main topics covered:
2. Industry outlook
2.1. Industry overview
2.2. Industry trends
3. Market overview
3.1. Market definition
3.2. Market outlook
3.3. Related markets
4. Market characteristics
4.1. Market Snapshot
4.2. Market segmentation
4.3. Market dynamics
4.4. Scrutineer – Impact assessment
5. Product type: market size and analysis
5.2. First year
5.3. Qualified level
6. Applications: market size and analysis
6.4. Raw materials
7. End users: market size and analysis
7.4. Chemistry & Petrochemistry
8. Geography: market size and analysis
8.2. North America
8.4. Asia Pacific
8.5. Rest of the world
9. Competitive landscape
9.1. Comparative analysis of competitors
9.2. Market Developments
9.2.1. Mergers and Acquisitions, Legal, Price, Partnerships
9.2.2. Product launches and execution
- Samsung Fine Chemicals Co. Ltd.
- Shandong Hualu-Hengsheng Chemical Co. Ltd.
- Shandong IRO Amine Industry Co. Ltd.
- The Chemours Company
- Zhejiang Jiangshan Chemical Co. Ltd.
- Johnson Matthey Davy Technologies
- Luxi Chemical Group Co. Ltd.
- Mitsubishi Gas Chemical Co. Inc.
- Anyang Chemical Industry Limited Liability Company
- Balaji Amines Ltd
For more information on this report, visit https://www.researchandmarkets.com/r/3pd8go