Dimethylformamide Market Scope
Dimethylformamide is a colorless aqueous organic compound and commonly used as a solvent in chemical reactions. It forms a homogeneous mixture when added to water and other organic compounds. It is a hydrophilic aprotic solvent and has a high boiling point. It is primarily used as an industrial solvent as it is easily soluble in water, has a high dielectric constant, is organic in nature, and has a low evaporation rate. Dimethylformamide has major applications in the manufacturing of plastics and acrylic fibers. It is also used in the manufacture of pharmaceuticals as a solvent in peptide coupling for peptide synthesis. It also finds application in the development and manufacture of pesticides, films, adhesives, fibers, synthetic leathers, and surface coatings.
According to AMA, the Global Dimethylformamide market is expected to see growth rate of 4.45% and may see market size of USD880.08 Million by 2026.
Research Analyst at AMA estimates that United States, German, Chinese Vendors will contribute to the maximum growth of Global Dimethylformamide market throughout the predicted period.
BASF (Germany), Eastman Chemical (United States), Merck (Germany), Luxi Chemical Group (China), Jiutian Chemical Group (Singapore), Mitsubishi Gas Chemical (Japan), The Chemours (United States), Zhejiang Jiangshan Chemical (China), Chemanol (Saudi Arabia) and AK-KIM (Turkey) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Pharmco Products (United States), Jiutian Chemical Group Limited (Singapore) and Chinook Global Limited (Canada).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Dimethylformamide market by Type (Reactant and Feed-Stock), by Application (Solvent, Catalyst and Raw Materials) and Region with country level break-up.
On the basis of geography, the market of Dimethylformamide has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 15 April 2018, Merck, a leading science and technology company, has signed a definitive agreement to acquire Versum Materials Inc.
On 27 Nov 2018, The Chemours Company, a global chemistry company has announced up to a 10 percent price increase for all Methylamines, Dimethylformamide (DMF), Dimethylacetamide (DMAc) and Dimethyl Sulfate (DMS) products sold in North America. The price increase was effective from January 1, 2019.
Market Drivers
- The Rising Demand from Chemicals Industry
- The Growing Pharmaceutical Industry Worldwide
Opportunities
- The Rising Demand from Emerging Countries
Restraints
- Stringent Government Regulations Regarding Safety
Key Target Audience
Dimethylformamide manufacturers, Traders and distributors of dimethylformamide, Production Process industries, Potential investors, Raw material suppliers and Nationalized laboratory