Dimethylformamide Market worth 4.72% CAGR by 2027
" COVID-19 Impact on Dimethylformamide Market, size, share, growth, industry analysis, and forecast 2021-2027 "
Dimethylformamide (DMF) is a liquid organic compound. It forms a uniform mixture when combined with water and other organic compounds. Dimethylformamide is generally used as a solvent in chemical reactions. It is a sort of hydrophilic aprotic solvent and poses a high boiling point. DMF is prominently used as an industrial solvent since it is easily soluble in water, has a high dielectric constant, is organic, and has a low evaporation rate.
The demand for dimethylformamide (DMF) has been increasing from the chemical industry due to its rising uses as a solvent, an additive, and a chemical intermediate. DMF is generally used solvent in synthetic leathers, polyurethane coatings, and artificial leather fabrics due to its high solubility nature, low volatility, and low evaporation rate. Dimethylformamide, also used as a solvent for several purposes such as residue in synthetic leather, plastic, processing solvents, rubber, adhesives, and printing inks, which is the key factor fostering the market. Moreover, the rising uses of solvents and intermediates, extending textile industries, rising chemical processing sectors and medical technology, in developing countries are driving the demand for dimethylformamide. It is also used for several chemical manufacturing purposes which is further responsible for the dimethylformamide market growth.
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Furthermore, the rising demand for polyurethane-based products in the automotive industry generates lucrative opportunities for the dimethylformamide market growth.
The Dimethylformamide Market research report titled “Dimethylformamide Market based on Product Type, Applications, End-Users, and Geography – Global Forecast up to 2027.”
Some of the prominent vendors of the dimethylformamide market are Samsung Fine Chemicals Co., Ltd., Shandong Hualu-Hengsheng Chemical Co., Ltd., Shandong IRO Amine Industry Co., Ltd., The Chemours Company, and Zhejiang Jiangshan Chemical Co., Ltd.
Asia Pacific pharmaceutical industry is expanding rapidly, with the major players making a considerable investment in their R&D facilities to develop innovative solutions, which will have a successive positive impacts on the dimethylformamide market size. Thus, the Asia Pacific region is growing rapidly in the market.
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The report consists of 95 Tables and 65 charts depicting the in-depth market study and the impact analysis of COVID-19. View detailed TOC here.
Dimethylformamide Market based on Product Type
- First grade
- Qualified grade
Dimethylformamide Market based on Applications
Dimethylformamide Market based on End-Users
- Chemical & Petrochemical
Dimethylformamide Market based on Geography
- North America
- Asia Pacific
- Rest of the World