Low GWP Refrigerants Market 2021, Scope and Price Analysis of Top Manufacturers Profiles, Market Growth Factors

Global Dimethylformamide Market accounted for US$ 715.59 million in 2020 and is estimated to be US$ 1090.38 million by 2030 and is anticipated to register a CAGR of 4.3%. Dimethylformamide is odorless, but technical-grade or degraded samples often have a fishy smell due to presence of impurity of dimethylamine. Dimethylamine degradation impurities are often removed by sparging degraded samples with an inert gas like argon or by sonicating the samples under reduced pressure. As the name indicates, it's a derivative of formamide, the amide of acid. DMF may be a polar (hydrophilic) aprotic solvent with a high boiling point. It facilitates reactions that follow polar mechanisms, like SN2 reactions.
The report “Global Dimethylformamide Market, By Type (Reactant, and Feed-Stock), End-Use Industry (Chemical, Electronics, Pharmaceutical, and Agrochemical), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

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Driver: The global expansion of the Dimethylformamide (DMF) Market is being fueled by increasing demand for polyurethane-based products from the automotive industry. The rising demand for Dimethylformamide (DMF) Market from various end-use sectors such as chemical, pharmaceutical, electronics, and agrochemical can be linked to the global rise of the DMF Market. DMF is used extensively in the production of polymers and acrylic fibres. DMF is also employed as a solvent in peptide coupling for peptide synthesis in the pharmaceutical industry.

Restrain: Long-term human exposure to DMF is thought to be dangerous due to its carcinogenic nature, according to the International Agency for Research on Cancer (IARC), which is expected to stymie the expansion of the dimethylformamide market share in the forecast year. Government regulations and the global economic slowdown, on the other hand, are limiting the global expansion of the dimethylformamide (DMF) market.

Key Highlights:
• In 2021, Koura, a global leader in the development, manufacture, and supply of fluoroproducts, has launched the first of its next generation Dimethylformamide, Klea 473A, following proposed classification as an A1 refrigerant by the ASHRAE SSPC34 committee.
• In November 2018, The Linde Group, along with NLMK Group, signed an agreement for the long-term supply of industrial gases to the Novolipetsk Steel site in Russia which includes embark upon a strategic partnership between Linde and NLMK and has opportunity for Linde to expand business in Russia.

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Key Market Insights from the report:
The Global Dimethylformamide Market accounted for US$ 715.59 million in 2020 and is estimated to be US$ 1090.38 million by 2030 and is anticipated to register a CAGR of 4.3%. The Global Dimethylformamide Market report segments the market on the basis of type, end-user, and region.
• By Type, the Global Dimethylformamide Market is segmented into reactant and feed-stock.
• By End-User, the Global Dimethylformamide Market is segmented into Chemical, Electronics, Pharmaceutical, and Agrochemical.
• By region, the Global Dimethylformamide Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies:
The prominent player operating in the global dimethylformamide market includes, BASF SE, Eastman Chemical Co., Merck & Co, Inc., Luxi Chemical Group Co., Ltd., Zhejiang Jiangshan Chemical Co., Alpha Chemika, Eastman Chemical Company, Ridhi Sidhi Chemicals, Balaji Amines ltd., and OCI Corporation. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market.

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About Report:
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Key questions answered in the report:

• What will the market growth rate of Dimethylformamide Market in 2026?
• What are the key factors driving the global Dimethylformamide Market?
• Who are the key manufacturers in Dimethylformamide Market space?
• What are the market opportunities, market risk and market overview of the Global Dimethylformamide market?
• What are sales, revenue, and price analysis of top manufacturers of Dimethylformamide Global market?
• What are sales, revenue, and price analysis by types and applications of Dimethylformamide Market?
• What are sales, revenue, and price analysis by regions of Dimethylformamide market?

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