Press release
Dimethylformamide (DMF) Market Size, Share, Growth, Opportunities, Demand and Market Forecast 2023-2030
Chemical operations often include the use of solvents such as dimethylformamide. It is a hydrophilic, aprotic solvent with a high boiling point. Polar reactions, like SN2 reactions, are supported by it. Formic acid and dimethylamine must be mixed to produce dimethylformamide.
The demand for dimethylformamide (DMF) from a wide range of applications, including pharmaceuticals, chemicals, electronics, and agrochemicals, is driving the growth of the global market for DMF. The need for polyurethane products from the sectors that produce consumer goods, synthetic leather, shoe soles, and their adhesives and coatings is also propelling the global DMF market. The growing use of this chemical in the manufacture of wire is also contributing to the worldwide growth of the Dimethylformamide (DMF) Market.
Dimethylformamide (DMF) Market Size and Growth Analysis
The Global Dimethylformamide (DMF) Market reached US$ 2.1 billion in 2022 and is expected to reach US$ 2.8 billion by 2030, growing with a CAGR of 3.3% during the forecast period 2023-2030.
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Dimethylformamide (DMF) Market Dynamics and Trends
Dimethylformamide (DMF) is used to make polyurethane (PU) slurry. In the leather and apparel industries, a liquid mixture consisting of polyurethane resin, reinforcements, and additives is used as a coating substance. PU slurry is also used in the manufacturing of synthetic leather. The production of the PU slurry, drying and curing, coating application, and finishing are the procedures involved in making synthetic leather.
Furthermore, it functions as a solvent in the manufacturing of synthetic fibers such as polyurethane, spandex, and acrylic. It aids in the dissolution and stabilization of polymer solutions before to extrusion via spinnerets, resulting in the production of continuous fibers. DMF is used as a solvent in several paints, varnishes, and resins for footwear and textiles.
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Dimethylformamide (DMF) Market Segment Analysis
By Derivatives
By Application
By End-User
By Region
Major Companies Covered
Zhejiang Jiangshan Chemical Co., Ltd., BASF SE, Eastman Chemical Company, Jubilant Life Sciences Ltd., Bann Química, Mallak Specialties Pvt. Ltd., Mitsubishi Gas Chemical Company, Inc., Baxter International Inc. and Chongqing Ziguang Chemical Co., Ltd.
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