H1 2023: In H1 2023, the Asia Pacific region emerged as the largest consumer of Dimethylformamide. However, in H1 2023, the price of Dimethylformamide (DMF) in the Chinese market experienced a decline due to subdued Methanol prices and consistent demand from downstream industries. The raw material Dimethylamine also saw a decrease amid a downturn in the upstream Methanol market. Additionally, exports were restricted due to reduced orders and ample product supply in the downstream synthetic fibre and plastic sectors from the importing nations. With stable inventories in the Chinese market, manufacturers were compelled to reduce operating costs. Persisting subdued demand from buyers in the Asian market, particularly in vital sectors like textiles and coatings, led market participants to maintain competitive pricing in the Asia Pacific region. Despite ample product supplies, the market remained oversupplied due to abundant regional availability. The demand for Dimethylformamide faltered amid a slump in purchasing activities across Asia. Similarly in the US market, Dimethylformamide (DMF) experienced sustained weakness in market fundamentals in H1 2023. Ther were high inventories, resulting in subdued trading activities. The abundant material supply narrowed the demand-supply gap, empowering purchasers to offer lower bids. Furthermore, reduced procurement activities were a key factor in the hazy price of DMF.
The global Dimethylformamide market stood at approximately 870 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 3.15% during the forecast period until 2032. Dimethylformamide (DMF) is a colourless and odourless organic compound known for its miscibility in water and various organic solvents. It plays a key role in producing acrylic filaments, plastics, synthetic leathers, films, and surface coatings. The manufacturing process involves synthesizing Dimethylamine with Carbon Monoxide in a specialized reactor with a catalyst at low temperature and pressure. In the final stage, crude DMF is separated from the catalyst and undergoes refining.
Dimethylformamide (DMF) is a versatile solvent with widespread applications across various business sectors. In chemical manufacturing, it serves as a crucial solvent in the production of diverse chemicals, including pharmaceuticals, pesticides, and polymers. The textile industry utilizes DMF as a solvent in the production of synthetic fibers and textiles, playing a role in processes such as spinning and polymer dissolution. In the sector of textile dyeing and printing, DMF is commonly utilized as a solvent for dyes and pigments. Its function involves aiding the dissolution of dyes and ensuring their even distribution on fabrics, resulting in vibrant and uniform colors. Furthermore, DMF serves as a solvent in the production of synthetic fibers, including acrylic, spandex, and polyurethane. Dimethylformamide finds application in the manufacturing of acrylic fibers and plastics. Moreover, it serves as a solvent in the peptide coupling process essential for pharmaceuticals. Additionally, Dimethylformamide plays a pivotal role in the development and production of pesticides, as well as in the manufacturing processes of adhesives, synthetic leathers, fibers, films, and surface coatings. It plays a crucial role in dissolving and stabilizing polymer solutions before extrusion through spinnerets, facilitating the continuous fiber generation. Dimethylformamide (DMF) also plays a key role in the production of polyurethane (PU) slurry, a liquid mixture comprising polyurethane resin, fillers, and additives. This slurry serves as a coating in the leather and garment industries. Beyond this, DMF finds application as a solvent for various coatings, finishes, and resins in textiles and footwear. It contributes to the dissolution of coating components, promoting uniform distribution on the fabric's surface. In the pharmaceutical sector, DMF functions as a solvent for drug synthesis and pharmaceutical product manufacturing, frequently surfacing in conversations related to pharmaceutical research and development. The electronics manufacturing sector incorporates DMF into the production of electronic components and devices, contributing to the manufacturing processes of items like circuit boards and semiconductor devices. DMF's applicability extends to adhesives and sealants, where businesses may mention its use in the formulation of these industrial products during discussions on product development. Furthermore, in the plastics industry, DMF finds utility in the production of specific types of plastics, prompting discussions within businesses about its role in polymer processing.
The growth prospects of the Dimethylformamide (DMF) market are influenced by various drivers that shape market dynamics and impact the demand for DMF. The textile industry plays the major role as substantial consumers of DMF, employing it in synthetic fibre production, leather coating, and finishing processes. As this industry undergo expansion, the demand for DMF is poised to increase. Furthermore, the pharmaceutical sector's growth acts as a driving force, with DMF serving as a solvent in drug and pharmaceutical product synthesis. Factors such as healthcare advancements and population growth contribute to the upsurge in DMF demand. In electronics manufacturing, DMF is integral to the production of electronic components and devices. The continuous growth of the electronics manufacturing sector, particularly in areas like semiconductors, is anticipated to drive heightened demand for DMF. Moreover, DMF's contribution to the production of certain plastics fuels growth in the plastics industry, as the demand for plastics in diverse applications continues to rise, further propelling the demand for DMF. Ongoing innovations in the formulation of adhesives and sealants by businesses contribute to sustained demand for DMF. Its role in these processes aligns with evolving industry needs. Owing to these reasons, global Dimethylformamide market size in terms of volume is anticipated to reach nearly 1180 thousand tonnes by 2032.
Based on region, Asia Pacific region dominates the global Dimethylformamide market as the consumer. The Asia-Pacific region is set to lead the Dimethylformamide (DMF) market due to several factors. As a global manufacturing hub, particularly in countries like China and India, the region boasts robust industrial infrastructure, fostering a high demand for DMF in various industrial processes. The prominence of the textile and apparel industries in countries such as China, India, and Bangladesh contribute to the region's leadership in DMF consumption, driven by applications like synthetic fiber production and textile finishing. Additionally, the Asia-Pacific region plays a major role in global chemical production, with DMF serving as a crucial solvent in pharmaceutical, pesticide, and polymer manufacturing. The active pharmaceutical sector in the region, fueled by healthcare needs and infrastructure advancements, positions DMF at the forefront of pharmaceutical synthesis. The continuous expansion of the electronics manufacturing sector and rapid industrialization further amplify DMF demand. Economic growth, urbanization, and strategic investments by key market players enhance the Asia-Pacific region's dominance in the global DMF market.
Based on the end-user industry, the global Dimethylformamide market is divided into Acrylic Fiber, Pharmaceutical, Polyurethane, Others. Among these, Acrylic Fiber is dominating the global Dimethylformamide market and held approximately 38% of the global Dimethylformamide market in 2022.
Major players in the Global Dimethylformamide market are Alpha Chemika, Antares Chem Pvt. Ltd., BASF, Eastman Chemical, Merck, Luxi Chemical Group, Jiutian Chemical Group, Mitsubishi Gas Chemical, The Chemours, J. N. Chemical, Zhejiang Jiangshan Chemical, Chemanol, AK-KIM, Ineos AG, Arkema Group.
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 Dimethylformamide which covers production, demand and supply of Dimethylformamide market in the globe.
• To analyse and forecast the market size of Dimethylformamide
• To classify and forecast Global Dimethylformamide market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Dimethylformamide market in the globe.
To extract data for Global Dimethylformamide market, primary research surveys were conducted with Dimethylformamide 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 Dimethylformamide market over the coming years.
ChemAnalyst calculated Dimethylformamide demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Dimethylformamide. 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:
• Dimethylformamide manufacturers and other stakeholders
• Organizations, forums and alliances related to Dimethylformamide 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 Dimethylformamide 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 Dimethylformamide 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
870 thousand tonnes
Market size Volume in 2032
1180 thousand tonnes
Growth Rate
CAGR of 3.15% 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: (Acrylic Fiber, Pharmaceutical, Polyurethane, 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 Dimethylformamide in terms of volume in 2022?
Ans:
The global market size of Dimethylformamide had reached approximately 870 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Dimethylformamide?
Ans:
Asia Pacific region is the leading consumer of Dimethylformamide globally.
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