Dimethylformamide (DMF), an organic compound with the chemical formula of (CH3)2NC(O)H, is a colorless and odorless liquid that is miscible in water and the majority of organic liquids. According to BlueQuark Research & Consulting, the global Dimethylformamide market is expected to witness a significant growth rate during the forecast period. Factors such as the growing demand for Dimethylformamide (DMF) in manufacturing adhesives, coatings, plastics, artificial leather, shoe soles, acrylic fibers, solvent, medicines are driving the Global Dimethylformamide market. The surging demand for Dimethylformamide (DMF) in various end-user industries like the Chemicals, Pharmaceutical, Plastic industries is expected to increase the demand for Dimethylformamide (DMF). Furthermore, DMF penetrates most plastics and swells them, due to this property, DMF is appropriate for solid-phase peptide synthesis and as a critical component of paint strippers; therefore, Paint Industry is set to propel the demand for Dimethylformamide (DMF) in the forecasted years. Also, Dimethylformamide (DMF) is used as one of the ingredients to manufacture insecticides and pesticides, making Agriculture Industry a significant consumer of Dimethylformamide (DMF). However, due to overproduction of Dimethylformamide (DMF) over the past few years has disrupted the demand-supply chain and has led to a decrease in the prices of DMF; this can possibly restrain the Global Dimethylformamide DMF Market.
Dimethylformamide (DMF) is used to manufacture solvents, acrylic fibers, plastics, pharmaceuticals, agrochemical, insecticides, adhesives, synthetic leathers, fibers, films, surface coatings, aldehyde formation, acyl halides synthesis, plastics, paint strippers, olefins recovering, electrospinning, and Metal-Organics frameworks synthesis.
The Chemical Industry is the prime consumer of Dimethylformamide (DMF) globally and is expected to drive the future market. Dimethylformamide (DMF) is primarily used as a solvent with a low evaporation rate in the industry. It is the very useful information of various aldehydes, it functions as a reagent in Bouveault aldehyde synthesis and Vilsmeier-Haack reaction. It is also an ordinary catalyst used in the formation of acyl halides, particularly acyl chlorides from carboxylic acids. DMF is used as a solvent in olefin recovering processes via extractive distillation. Since it is a cheap and common reagent, Dimethylformamide (DMF) has wide use in Research & Development as well. It is very efficient in suspending and separating carbon nanotubes, National Institute of Standards and Technology (NIST) United States recommends using DMF in near-infrared spectroscopy. DMF is used as a source of carbon monoxide ligands and in the synthesis of organometallic compounds. Due to such extensive use of Dimethylformamide (DMF) in the Industry, Chemical is one of the major industries driving the Dimethylformamide Market. DMF is a common solvent used in the electrospinning process to make fibers; therefore, DMF is a crucial raw material to produce acrylic fibers and plastics. Even after the countless efforts from environmentalists, the global demand for plastic is gradually increasing, and dependency on it can not be removed on such a mass level. This increasing demand for plastics and acrylic fibers is also a driving factor for the Global Dimethylformamide Market.
The global Dimethylformamide DMF market was found to be fragmented. Major key players in the industry were Arkema Group, Imperial Chemical Corporations, INEOS AG, Henkel AG & Co., Asahi Corporations, BASF, Eastman Chemical, among others.
The Asia Pacific region is anticipated to be the largest consumer of Dimethylformamide (DMF) in the forecasted year. The growth is attributed to the growing consumption of the various end use industry, such as Pharmaceutical, Agriculture, Plastic, and Chemicals. The increasing population and demand for plastics in the Asia Pacific region have made the plastic industry one of the most flourishing industries in the region. Keeping its status as the workshop of the world, China is the largest consumer of Dimethylformamide (DMF) in the Asia Pacific region with a highly competitive market. The high demand can be credited to the growing demand for acrylic fibers and polyurethane-based products, one of the effective uses of Dimethylformamide (DMF). COVID-19 has affected the Global Dimethylformamide DMF market like any other in the region. India and China are among the worst-hit countries by Covid 19 pandemic and among the largest consumers of DMF, consequently restraining the Asia Pacific DMF market in the region. But on the other hand, the region's large population has surged the demand for medicines drastically after the epidemic. Dimethylformamide (DMF) is used to crystallize the drugs; therefore, the pharmaceutical industry has been proved to be a driving factor for the DMF market, even in pandemic conditions. The Asia Pacific region has countries like India and Vietnam, where the majority of the population depends on the Agriculture Industry for their livelihood. Therefore, the demand for agrochemical products has been surging for a long thus driving the Asia Pacific DMF Market.
As of August 2021, the mean price of Chinese domestic DMF companies' premium was 15,400.00 RMB/ton. DMF prices continued to move at a high level as the manufacturers suddenly increased the prices. The DMF prices increased by 23.69% over the last month in China.
Global Dimethylformamide (DMF) Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Dimethylformamide (DMF) market by segmenting based on Type (Feedstock, Reactant, Catalyst), Application(Solvent, Plastics, Adhesives, Coating, Medicine Crystallization, Insecticides, and pesticides), End-User(Chemical, Plastics, Electronics, Pharmaceutical, Agriculture, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trend, market share, market analysis, developments, opportunities, and challenges in the industry. The report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.