Dimethylformamide is an organic compound with the formula (CH3)2NC(O)H. Dimethylformamide is a colorless liquid with a fishy or ammoniacal odor. It is used in manufacturing of pesticides, films, adhesives, fibers, synthetic leathers, and surface coatings.
Major factor driving growth of the dimethylformamide market over the forecast period is the increasing adoption of dimethylformamide from various end-use industries such as chemicals, pharmaceutical, electronics and agrochemical. However, hazardous impact on health and stringent rules and regulations regarding usage of dimethylformamide are some factors, hampering growth of the target market. In addition, rising demand for dimethylformamide from growing automotive industry is an opportunity for growth of the target market in coming years to certain extent.
The global dimethylformamide market has been segmented on the basis of type, end-use industry, and region. On the basis of type, the target market is segmented into reactant and feed-stock. On the basis of end-use industry, the target market is segmented into chemical, electronics, pharmaceutical, and agrochemical.
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On the basis of region, the global dimethylformamide market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific market accounted for the highest share in terms of revenue and is expected to dominate the dimethylformamide market over the forecast period, owing to increasing adoption of dimethylformamide based products from various end-use industries in countries such as China and India in the region. The Europe dimethylformamide market is projected to register a considerable share in terms of revenue to the global market in coming years. The dimethylformamide market in Latin America is anticipated to register a moderate growth rate in coming years.
Key players operating in the global dimethylformamide market include BASF SE, Eastman Chemical Company, The Chemours Company, Merck KGaA, Ak-Kim, MITSUBISHI GAS CHEMICAL COMPANY, INC., Zhejiang Communications Technology Co., Ltd., Jiutian Chemical Group Limited, Luxi Chemical Group Co., Ltd., and Chemanol.