The global dimethylformamide (DMF) market revenue was around US$ 2.3 billion in 2022 and is estimated to reach US$ 3.05 billion by 2031, growing at a compound annual growth rate (CAGR) of 3.2% during the forecast period from 2023 to 2031.
A colorless organic compound with the formula (CH3)2NC(O)H is dimethylformamide (DMF). It forms a homogeneous mixture when mixed with water and other organic compounds. Dimethylformamide is a solvent that is generally utilized in chemical reactions. It has a high boiling point and is a hydrophilic aprotic solvent. It enables polar reactions, including SN2 reactions.
Market Driving Factors
High demand in end-use industries propels the market growth. Dimethylformamide is a universal solvent. It is used as a raw material for the production of polyurethane (PU). PU is a key component utilized to manufacture consumer products such as shoe soles and leather products. DMF as a feedstock is also utilized in the production of agrochemical and pharmaceutical products. It can also be utilized as an absorbing agent, mainly in acrylic fiber, electronics, and pharmaceutical products.
Increasing demand in the automotive industry boosts the market growth. DMF is commonly utilized in manufacturing extremely versatile PU elastomers. It provides tensile strength, high levels of elasticity, elongation, and shock-absorbing abilities while making shoes. PU also aids in making synthetic leather. Currently, synthetic leather is mostly employed in the footwear industry and to some extent in the automobile industry. PU synthetic leather is light in weight; it looks elegant and comfortable. It is easy to maintain, water-resistant, abrasion-resistant, and can be dry-cleaned. Synthetic leather is a lower-price alternative to real leather. Therefore, it has more potential use in luxury cars in the automotive industry.
The government limitations regarding the extent of usage of dimethylformamide in industries along with the global economic downshift limit the market growth.
Regional Analysis
Asia Pacific is estimated to dominate the market in terms of revenue over the forecast period. The increasing population of Asian countries has sparked a demand for Dimethylformamide in different industries. The market in these end-use segments is led by China and a few more Asian nations. Amidst the continued technological growth, the demand for high-performing dimethylformamide is growing. This has led to developments in the region.
Segmentation Insights
In terms of end users, the chemical segment dominates the market in terms of revenue. This is due to its rising use as a solvent, a chemical intermediate, as well as an additive. Moreover, increasing use of solvents and intermediates, and expanding chemical processing sectors in developing countries boost the demand for dimethylformamide used in various chemical manufacturing purposes in the future.
Prominent Companies
Segmentation Outline
The global dimethylformamide (DMF) market segmentation focuses on Derivatives, Application, End User, and Region.
By Derivatives
By Application
By End User
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL DIMETHYLFORMAMIDE (DMF) MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: DIMETHYLFORMAMIDE (DMF) MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL DIMETHYLFORMAMIDE (DMF) MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL DIMETHYLFORMAMIDE (DMF) MARKET, BY DERIVATIVES
5.1 OVERVIEW
5.2 N, N-DMF DIMETHYL ACETAL
5.3 N, N-DMF DITERT-BUTYL ACETAL
5.4 N, N-DIMETHYLFORMAMIDE
6 GLOBAL DIMETHYLFORMAMIDE (DMF) MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 INDUSTRIAL SOLVENT
6.3 POLYMER FIBRES
6.4 SURFACE COATINGS
6.5 FILMS
6.6 PROCESSING OF ACRYLIC FIBRES
6.7 WIRE ENAMEL
7 GLOBAL DIMETHYLFORMAMIDE (DMF) MARKET, BY END USER
7.1 OVERVIEW
7.2 PESTICIDES
7.3 PHARMACEUTICALS
7.4 SOLVENTS
7.5 CHEMICALS
8 GLOBAL DIMETHYLFORMAMIDE (DMF) MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3. 1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL DIMETHYLFORMAMIDE (DMF) MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 CABLE HOUSE
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 J. N. CHEMICAL
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 ARTHA ENTERPRISE
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 ALPHA CHEMIKA
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 ANTARES CHEM PVT LTD
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 BASF
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 EASTMAN CHEMICAL
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 MERCK
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 LUXI CHEMICAL GROUP
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 JIUTIAN CHEMICAL GROUP
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 MITSUBISHI GAS CHEMICAL
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.12 THE CHEMOURS
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS
10.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.13 ZHEJIANG JIANGSHAN CHEMICAL
10.13.1 OVERVIEW
10.13.2 FINANCIAL PERFORMANCE
10.13.3 PRODUCT OUTLOOK
10.13.4 KEY DEVELOPMENTS
10.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.14 CHEMANOL
10.14.1 OVERVIEW
10.14.2 FINANCIAL PERFORMANCE
10.14.3 PRODUCT OUTLOOK
10.14.4 KEY DEVELOPMENTS
10.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.15 AK-KIM
10.15.1 OVERVIEW
10.15.2 FINANCIAL PERFORMANCE
10.15.3 PRODUCT OUTLOOK
10.15.4 KEY DEVELOPMENTS
10.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.16 PHARMCO PRODUCTS
10.16.1 OVERVIEW
10.16.2 FINANCIAL PERFORMANCE
10.16.3 PRODUCT OUTLOOK
10.16.4 KEY DEVELOPMENTS
10.16.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.17 INEOS AG
10.17.1 OVERVIEW
10.17.2 FINANCIAL PERFORMANCE
10.17.3 PRODUCT OUTLOOK
10.17.4 KEY DEVELOPMENTS
10.17.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.18 ARKEMA GROUP
10.18.1 OVERVIEW
10.18.2 FINANCIAL PERFORMANCE
10.18.3 PRODUCT OUTLOOK
10.18.4 KEY DEVELOPMENTS
10.18.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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