“The DMF market is projected to grow at a CAGR of 4.43% from 2017 to 2022.”
The DMF market is projected to grow from USD 637.8 million in 2017 to USD 792.1 million by 2022, at a CAGR of 4.43% from 2017 to 2022. The growth of the DMF market can be attributed to the increasing demand for dimethylformamide from various end-use industries such as chemical, electronics, agrochemical, and pharmaceutical. However, growing concerns across the globe regarding harmful effects of dimethylformamide on human health due to prolonged exposure to it is a restraining factor for the growth of the DMF market.
“Among end-use industries, the chemical segment is projected to lead the DMF market from 2017 to 2022, in terms of volume and value.”
Dimethylformamide is used in various end-use industries such as chemical, electronics, pharmaceutical, and agrochemical. However, the chemical end-use industry segment is projected to lead the DMF market during the forecast period, in terms of value and volume. The growth of this segment of the market can be attributed to the increased demand for acrylic fibers and polyurethane-based products from countries such as the US, China, India, and Brazil, among others.
“The Asia Pacific DMF market projected to grow at the highest CAGR during the forecast period, in terms of value.”
In 2016, the Asia Pacific region accounted for the largest share of the DMF market, in terms of volume and value. The Asia Pacific DMF market is projected to grow at the highest CAGR between 2017 and 2022, in terms of value. The growth of the Asia Pacific DMF market can be attributed to the high economic growth in the region and increased investments in the industries such as chemical, pharmaceutical, electronics, and agrochemical by governments of different countries of the region. Moreover, the continuously growing population, ongoing industrialization, and increasing purchasing power of consumers are also leading to the growth of the Asia Pacific DMF market.
Extensive primary interviews have been conducted and information has been gathered from secondary research to determine and verify sizes of several segments and subsegments of the DMF market.
Breakup of Primary Interviews:
• By Company Type - Tier 1 – 50%, Tier 2 – 25%, and Tier 3 – 25%
• By Designation Level - C Level – 16%, Director Level – 42%, and Others – 42%
• By Region – Asia Pacific – 42%, Europe – 33%, North America – 17%, South America -5%, and the Middle East & Africa – 3%
The key companies profiled in this report are BASF (Germany), Eastman Chemical (US), Merck (Germany), Luxi Chemical Group (China), Jiutian Chemical Group (Singapore), Mitsubishi Gas Chemical (Japan), The Chemours (US), Zhejiang Jiangshan Chemical (China), Chemanol (Saudi Arabia), AK-KIM (Turkey), and Pharmco-Aaper (US)
The DMF market has been segmented based on type (reactant and feed-stock), end-use industry (chemical, electronics, pharmaceutical, and agrochemical), and region (North America, Europe, Asia Pacific, the Middle East & Africa, and South America). The end-use industry segment has been further analyzed for different countries of different regions.
Reasons to Buy the Report
From an insight perspective, this research report focuses on various levels of analyses—industry analysis (industry trends), market share analysis of the top players, value chain analysis, and company profiles. These insights together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the market; high growth regions; and drivers, restraints, opportunities, and challenges for the DMF market.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on different types of dimethylformamide offered by the top players operating in the DMF market
Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and new product launches in the DMF market
Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the market for dimethylformamide across different regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the DMF market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the DMF market