GlobalDimethylformamide Market is valued at approximately USD X.X billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX.X % over the forecast period 2022-2028. Dimethylformamide (DMF) is an organic compound and is used as a common solvent for chemical reactions. DMF is used in the production of acrylic fibers, plastics, synthetic leather, and various pesticides. Increasing utilization in the petrochemical industry, the growing demand for polyurethane-based products from businesses that make synthetic leather, cushioning and insulation for consumer goods, shoe soles, and their coatings and glues are the reasons behind the increasing usage of Dimethylformamide across the forecast period. For Instance: An investment of Rs. 8 lakh crore (US$ 107.38 billion) is estimated in the Indian chemicals and petrochemicals sector by 2025. In December 2021, petrochemical production reached 1,877,907 MT. and these factors are likely to increase the market growth for Dimethylformamide during the forecast period. However, high cost of equipment and devices impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Dimethylformamide Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific is the dominating region across the world in terms of market share owing to the expansion of numerous chemical industries that are present in China, India, and Japan. Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028 as technological advancements for different industries will support the demand for DMF during the forecast period.
Major market players included in this report are:
Shandong Hualu Hengsheng
Jiutian Chemical Group Limited
Luxi Chemical Group Co., Ltd
Shaanxi Xinghua Chemistry Co., Ltd
Eastman Chemical Company
Haohua Junhua Group Co., Ltd.
China Xlx Fertiliser Ltd
Mitsubishi Gas Chemical Company
The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By End-Use Industry:
Rest of the World
Furthermore, the years considered for the study are as follows:
Historical years – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Dimethylformamide Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers