Dimethyl Formamide Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
- Transparency Market Research
- August 2034
- 0 pages
Dimethyl formamide, commonly abbreviated as DMF, is an organic compound which is colorless and a water-soluble liquid used as solvent. Dimethyl formamide is miscible with water in all proportions and is a dominant hydrophilic aprotic solvent for various inorganic, organic, and resin products. It is primarily used in performing chemical reaction due to its miscibility with various compounds. It is also frequently used in chemical reactions and other applications that require high solvency power owing to its attractive solvent properties such as high dielectric constant, low volatility, and its aprotic nature. Dimethyl formamide is also called as universal solvent. It is used as a common solvent in heck reaction, in recovery of olefins via extractive distillation, in electrospinning, in production of acrylic fibers, etc. Dimethyl formamide is a derivative of formamide and an amide of formic acid. It is odorless when it is in its pure form. However, it has fishy odor when it is mixed with impurities. Dimethyl formamide is produced by mixing methyl formate with dimethylamine. It can also be prepared from supercritical carbon dioxide using ruthenium based catalysts. Furthermore, it can be synthesized by the reaction of dimethylamine with carbon monoxide. Dimethyl formamide is used as a derivative in several applications. Some of the derivatives of dimethyl formamide are N,N-Dimethylformamide diethyl acetal, N,N-Dimethylacetamide dimethyl acetal, N,N-Dimethylformamide dimethyl acetal, N,N-Dimethylformamide ditert-butyl acetal, and N,N-Dimethylformamide. The solvent properties of dimethyl formamide and its usage in a wide range of applications are estimated to be the key drives of its demand during the forecast period. However, health concerns associated with prolonged exposure to dimethyl formamide are anticipated to affect its overall demand.
Based on end-use industry, dimethyl formamide can be segmented into pharmaceutical, petrochemical, chemical, electronics, agrochemicals, and others. Dimethyl formamide finds application in ink & dyes, pesticides, adhesives, leather, plastics, films & coatings, and others. Application of DMF in pharmaceutical is anticipated to remain dominant during the forecast period. The pharmaceutical application segment is estimated to exhibit a significant CAGR during the forecast period. In the pharmaceutical industry, dimethyl formamide is used as a reaction and crystallization solvent due to its excellent solvent properties. Following the pharmaceutical industry, the chemical industry is projected to be a key market during the forecast period.
In terms of region, Asia Pacific accounted for the maximum share of the dimethyl formamide market in 2016 and is estimated to remain the dominant region during the forecast period. Growth in the pharmaceutical industry along with government initiatives in implementation of pharmaceutical hub in the developing countries such as India and China contributed the demand for dimethyl formamide. Furthermore, growth in the chemical industry in Asia Pacific contributed to the expansion of the dimethyl formamide market. In Asia Pacific, China constitutes the leading market for dimethyl formamide in terms of volume and revenue. China is not only the largest consumer but also largest producer of dimethyl formamide in world. Following Asia Pacific, North America accounted for a significant share of the dimethyl formamide maket in 2016. North America is world leading region pharmaceutical industry as major companies has established R&D labs located in U.S.This is the major driver for demand of dimethyl formamide in North America. Asia Pacific is expected to exhibit a significant CAGR between 2017 and 2025. Other regions such as Europe, Middle East & Africa, and Latin America are anticipated to exhibit slow to moderate growth during the forecast period.
The dimethyl formamide market is highly competitive. Some of the key players operating in the global dimethyl formamide market are Eastman Chemical Company, OCI Corporation, Zhejiang Jiangshan Chemical Co., Ltd., etc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
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