Global Dimethylformamide Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Dimethylformamide Market by type and by end user: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the dimethylformamide market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia-Pacific dominates the dimethylformamide market, in terms of value, and is expected to maintain this trend throughout the forecast period.
Dimethylformamide is an organic compound which is inodous, polar, transparent liquid, aprotic solvent with a high boiling point and soluble in water or many organic liquids. This compound has large number of application such as in fibres, solvent, pesticides, polymer and others, derivatives of DMF are also used in manufacturing of wire enamels, pharmaceuticals and acrylic fibres.
Higher water solubility, high boiling point and high electric constant are some of the feature responsible for the major use of it as a solvent in the acrylic fibres industry, this helps to grow the market.
Increased demand of polyurethane based product from industries such as leather, footwear, and acrylic fibre manufacturing industries can led to the growth of the market. Prolong expose to the DMF can led to the health issues such as liver damage, cancer and other health problem as it easily absorb by the skin.
Degraded and impure form of the dimethylformamide has a fishy odour that can be the challenge while handling it.
Key Findings • Feedstock is the major share contributor in the segmentation by type of dimethylformamide market. • In segmentation by end user, chemical accounted for the major share owing increased demand from polyurethane based products. • Asia-Pacific dominates the DMF market due growing industrialization and increased demanmd from the industries such as paint, drugs and acrylic.
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