Press release
Global Dimethylformamide Market is Projected to Reach 1,350 million US$ by the end of 2025
Global Dimethylformamide(DMF) Market: Market Driver and Restraint
Applications of Dimethylformamide(DMF) are anticipated to create new business segments in the market. Dimethylformamide(DMF) is in use for a broad range of Polyurethane Processing products such as processing solvent (including solvent for dicyandiamide for epoxy-laminated printed circuit boards), urethane coatings, spinning solvent (primarily for acrylics) & others. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. Dimethylformamide(DMF) application is developed towards a more active mode.
Manufacturers are exploring the potential of Dimethylformamide(DMF) in Polyacrylonitrile. Application of Dimethylformamide(DMF) in medical application are gaining traction in the recent years. Recently, manufacturers have started using Dimethylformamide(DMF) in the Copper Clad Laminate area. Further, there are also potential uses in the areas of food & beverages.
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Global Dimethylformamide(DMF) Market: Key Takeaways
On the one hand, Dimethylformamide(DMF) manufacturers are dedicated to lowering their manufacturing cost; on the other hand, they try to provide more qualified products to customers.
Besides, they are trying to broaden the applications of Dimethylformamide(DMF) such as processing solvent (including solvent for dicyandiamide for epoxy-laminated printed circuit boards).
Upstream methanol market price fluctuated during the past year, the market of DMF is expected to be stable in the coming years.
Global Dimethylformamide(DMF) Market: Forecast by Nature
This segment includes Direct synthesis method, Two step synthesis method, etc. In terms of volume, Direct synthesis method segment is expected to remain dominant in the global Dimethylformamide(DMF) market.
Global Dimethylformamide(DMF) Market: Key Players
LOTTE Fine Chemical, BASF, Dupont, Saudis Chemanol, Taminco, Formosa Plastics, Mitsubishi Gas Chemical, Balaji Amines, Shandong Hualu-Hengsheng Chemical, Zhejiang Jiangshan Chemical, Anyang Chemical Industry, Shandong Jinmei Riyue Industry, Inner Mengolia Yuanxing, Luxi Chemical, Shaanxi Yanchang Petroleum Group, Anhui Huaihua Group, Taminco MGC (Nanjing), etc. are the key vendors included in this report.
The market concentration of Dimethylformamide(DMF) is medium. The supply and demand relationship in the industry has been stable and modest. Of the 2017 global market, the top 5 companies, account for more than 40.00% of sales. LOTTE Fine Chemical Chemical is by far the leader, followed by BASF and Dupont.DMAC is made from the reaction of DMA and acetic acid or acetic anhydride.
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