Dimethylformamide Market Analysis | Size and Demand with Forecast Overview to 20
Posted by Rishab Gupta on January 22nd, 2020
Dimethylformamide Market is projected to grow and witness a significant growth graph by 2022 with having the fastest growing CAGR for the assessment year. Dimethylformamide is an aprotic solvent, in-odorous and has a high boiling point. It appears to be a clear liquid, easily soluble with water and other organic liquids. Generally, it is an industrial solvent that is commonly used for chemical reactions in end-use industries such as chemical, electronics, pharmaceutical, and agrochemical.
Dimethylformamide Key Players
Ak-Kim Constructions Chemicals Inc. (Turkey), Zhejiang Jiangshan Chemical Co. (China), Alpha Chemika (India), Eastman Chemical Company (US), Ridhi Sidhi Chemicals (India), Balaji Amines Ltd. (India), OCI Corporation (South Korea), and others.
Dimethylformamide Market Drivers & Trends:
The growth of Dimethylformamide Market can be attributed to the increasing demands for it in the pharmaceutical industry. The dimethylformamide is also mainly used as a solvent in the industry, particularly for acrylic fibers as polyurethanes. Even, it is used as an essential reaction agent is pesticides and pharmaceuticals and production. These immense usages of dimethylformamide are taking the global dimethylformamide market towards positive aspects, which is expected to earn more valuation in the years to come.
Dimethylformamide is also mentioned to be used as an intermediate and an addictive as well as also preferred as an ingredient in paint strippers, welding gas, wire coating resins, and for electrolytic capacitors. Apart from this, dimethylformamide is also found for numerous applications such as adhesive and surface coatings, industrial solvents, films & fibers, polymers, and others. Therefore, the mounting demand for dimethylformamide in the activities mentioned above is anticipated to propel the growth of the global dimethylformamide market at a higher CAGR.
On the flip side, with the growing concerns regarding harmful effects of dimethylformamide on human health, factor such as prolonged exposure to it can cause liver damage, cancer, and adverse health effect in humans and animals both. This is due to its high absorbing nature through the skin when exposed, which could be a restrictive factor for the growth of global dimethylformamide market at a global level.
According to research, the global dimethylformamide market has been segmented based on application and end users.
By the mode of application, the dimethylformamide market is segmented into adhesive and surface coatings, industrial solvents, polymers, films and fibers, others.
By the mode of end user, the market is segmented into pharmaceuticals, chemical industry, electronics industry, agrochemicals, others.
Detail Analysis of “Dimethylformamide Market – Global Forecast to 2023” @ https://www.marketresearchfuture.com/reports/dimethylformamide-market-2504
Geographically, the global dimethylformamide market has covered significant regions of Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa.
Among these, Asia Pacific is the largest market of dimethylformamide owing to the presence of pharmaceuticals and chemical industry. North American region is also catering to the market growth at a substantial rate due to steady demand for films, fiber, and coatings, which require its usage. This is propelling the growth of dimethylacetamide market in the North American region.
The third largest market of dimethylformamide is observed in Europe, owing to its usage in adhesive and surface coatings, industrial solvents applications and more. Whereas, Latin America and the Middle East and Africa have also witnessed moderate progress of dimethylformamide market due to various applications such as polymers, industrial solvents, films and fibers, others
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About the AuthorRishab Gupta
Joined: November 25th, 2019
Articles Posted: 303
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