H1 2023: In H1 2023, the Asia Pacific region was the biggest consumer of Dimethylacetamide. During this first quarter of 2023, the Dimethylacetamide market experienced a downward price trend, attributed to subdued demand and reduced interest from traders in bulk purchases. Overseas suppliers faced challenges in setting offers and bids due to limited market fundamentals and continuous growth in product inventories. The downstream solvent industries exhibited a bearish demand with minimal trading activities. In China, the Dimethylacetamide price declined in February 2023. Solvent and pharmaceutical enterprises were adversely affected by low purchasing enthusiasm from end-users. In the period of April-June 2023, the Dimethylacetamide market in the Asia-Pacific region experienced a mixed outlook. Initially, there was an upswing in prices driven by increased consumption from major downstream industries like Textile and Pharmaceuticals. However, the market took a downturn with a continual decline in prices in May. Despite lower prices, downstream end-user enterprises showed limited interest, and manufacturers faced pressure due to diminishing demand, leading to reduced consumption rates from downstream Textile and Pharmaceuticals sectors. Purchasing activities for Dimethylacetamide witnessed a decline in the Asia Pacific region. In the United States, prominent Dimethylacetamide refiners scaled back their production rates in response to sluggish regional sales and worsening market fundamentals in Q1 2023. In the U.S. market, the pricing of Dimethylacetamide exhibited a diverse trajectory throughout the second quarter of 2023. The initial phase of the quarter saw an uptick in Dimethylacetamide prices, propelled by heightened demand from. As May unfolded, the U.S. market remained stable, characterized by consistent material demand across the region. However, by June, the Dimethylacetamide market shifted to a declined trend.
The global Dimethylacetamide market stood at approximately 180 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 3.5% during the forecast period until 2032. Dimethylacetamide (DMAc or DMA) is a liquid characterized by its flammable, polar, highly volatile nature. DMAc serves as an outstanding solvent for various organic and inorganic substances, and it demonstrates solubility in water, esters, ethers, ketones, and aromatic compounds. The industrial production process of Dimethylacetamide involves the reaction of dimethylamine with either acetic acid or acetic anhydride.
DMAc, a dipolar aprotic solvent renowned for its high boiling point and robust thermal and chemical stability, plays a crucial role in diverse organic reactions and industrial applications. In the business context, DMAc showcases its versatility in several key areas. It serves as a solvent in wet spinning processes, contributing to the production of acrylic fibres, where its efficacy aligns with facilitating the associated manufacturing processes. Additionally, as the preferred solvent in the production of polyurethane-based acrylic fibres, DMAc offers advantages due to its optimal evaporation speed, supporting the production of fibres. In the pharmaceutical industry, DMAc assumes a dual role as a solvent and reagent in the production of various pharmaceuticals, notably contributing to the manufacturing of novel x-ray contrast media. This underscores DMAc's significance in fostering pharmaceutical innovation through its versatile applications. DMAc is a highly effective solvent for polyimide resins, finding optimal utilization in both coating and film production applications. Moreover, it stands out as the preferred solvent for the production of dialyser membranes, particularly those based on polysulfones. Additionally, a blend of DMAc and lithium chloride proves to be a valuable solvent for cellulose fibers across various applications, demonstrating its versatility and practicality in diverse market scenarios.
The Dimethylacetamide (DMAc) market is currently on an upward trajectory, spurred by several pivotal factors. In various industrial applications such as polymer production, and pharmaceuticals, DMAc stands out as an indispensable solvent. The primary market driver is the application of DMAc in textile sector. Contributing to this growth is DMAc's application in textile and fiber processing, especially in processes like wet spinning for acrylic fibers, paralleling the flourishing textile industry. The burgeoning industrial activities globally are pivotal drivers, significantly amplifying the demand for DMAc. Its pivotal role in polymer synthesis further propels growth, catering to the escalating demand for polymers and resins in sectors spanning textiles, coatings, and adhesives. The pharmaceutical industry, witnessing continuous expansion, benefits from DMAc's role in formulations and drug manufacturing, anticipating a surge in DMAc demand. This growth is further augmented by ongoing technological advancements, where DMAc plays a pivotal role, enhancing efficiency and expanding its applications. The global Dimethylacetamide market is anticipated to reach nearly 250 thousand tonnes by 2032.
Based on region, Asia Pacific region is the biggest consumer of Dimethylacetamide. The Asia Pacific region stands as the predominant consumer of Dimethylacetamide (DMAc) for compelling reasons. Encompassing economic powerhouses like China, India, and Southeast Asian nations, the region has evolved into a global manufacturing hub with flourishing industrial activities. This encompasses diverse sectors, including polymer production, textiles, and pharmaceuticals, thereby significantly fuelling the demand for DMAc. Notably, the robust textile and apparel industry in countries such as China and India rely on DMAc, particularly in fiber production processes like wet spinning. Moreover, the burgeoning pharmaceutical sector in the region, fuelled by increasing healthcare needs and medical advancements, propels the demand for DMAc. North America and Europe are prominent consumer of DMAC.
Based on the end-user industry, the global Dimethylacetamide market is divided into Textile, Pharmaceuticals, Agricultural Chemicals, and Others. However, Textile is the major segment and held approximately 36% of the global Dimethylacetamide market in 2022 and is expected to maintain its dominance in the market in the coming years as well.
Major players in the Global Dimethylacetamide market are BASF SE, Eastman Chemical Company, Ak-Kim, Mitsubishi Gas Chemical Company, Inc., Samsung Fine Chemicals Co., Ltd., Holy Stone Enterprise Co., Ltd.,Zhejiang Jiangshan Chemical, Shandong Jinmei Riyue Industry, and Shanghai Jinshan Jingwei.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Dimethylacetamide which covers production, demand and supply of Dimethylacetamide market in the globe.
• To analyse and forecast the market size of Dimethylacetamide
• To classify and forecast Global Dimethylacetamide market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Dimethylacetamide market in the globe.
To extract data for Global Dimethylacetamide market, primary research surveys were conducted with Dimethylacetamide manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Dimethylacetamide market over the coming years.
ChemAnalyst calculated Dimethylacetamide demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Dimethylacetamide. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Dimethylacetamide manufacturers and other stakeholders
• Organizations, forums and alliances related to Dimethylacetamide distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Dimethylacetamide manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Dimethylacetamide market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
180 thousand tonnes
Market size Volume in 2032
250 thousand tonnes
Growth Rate
CAGR of 3.5% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Textile, Pharmaceuticals, Agricultural Chemicals, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was the net market size of Dimethylacetamide in terms of volume in 2022?
Ans:
The global market size of Dimethylacetamide had reached approximately 180 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Dimethylacetamide?
Ans:
Asia Pacific region is the leading consumer of Dimethylacetamide globally.
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