The dimethylformamide market is valued at a CAGR of 4.53%, reaching a market size of US$3.59 billion in 2030 from US$2.87 billion in 2025.
The dimethylformamide (DMF) market would witness growth due to its chemical properties such as its versatility. It is used as a solvent in the chemical industry, and DMF finds application in pharmaceuticals, chemicals, plastics, and textiles. With the growing demand for pharmaceutical and chemical production processes, the utilization of DMF has been vital.
The pharmaceutical sales of many major European Union countries are showing an increase such as Italy's pharmaceutical sales have risen by 9.27% from 2021 to 2022, similarly for Belgium's increase was 15.12%, Luxembourg's 8.74%, Spain's 9.30%, Sweden's staggering increase of 25.11%, and Switzerland's 10.37%, according to OECD database. The number suggests the growing need for pharmaceuticals in the lives of citizens with various physical and mental ailments. Thus, demand for the DMF in pharmaceuticals would increase during the forecast period.
The Asia Pacific region is expected to see the fastest growth in the dimethylformamide market due to increasing applications in synthetic fibers and textiles.
North America is expected to have a significant market share in the dimethylformamide market due to its major utilization in the pharmaceutical and chemical industries.
The dimethylformamide (DMF) market would witness growth due to its chemical properties such as its versatility. It is used as a solvent in the chemical industry, and DMF finds application in pharmaceuticals, chemicals, plastics, and textiles. With the growing demand for pharmaceutical and chemical production processes, the utilization of DMF has been vital.
- In May 2023, the project of Inner Mongolia Qinghua Group Wustai Energy Chemical Co., Ltd. was completed for the 100,000 tons/year N, N-dimethylformamide. The project uses dimethylamine and carbon monoxide as raw materials and sodium methoxide as catalysts to synthesize dimethylformamide. It had a total investment in the project of about 165.4181 million yuan. It was expected to achieve an average annual sales revenue of 978.9381 million yuan. Such significant investment would likely expand the overall production capacity of the dimethylformamide.
Dimethylformamide market drivers
Growing demand from the pharmaceutical sector
N, N-Dimethylformamide is a representative solvent used in factories handling polyurethane materials and acrylic fibers. DMF is also utilized in the pharmaceutical industry. According to the World Health Organization, noncommunicable diseases (NCDs) result in the deaths of 41 million people each year. This challenge is rising due to increasing environmental risk factors such as air pollution, changing lifestyles, and the growing use of tobacco and alcohol. Almost all people of ages, regions, and demographics are affected by noncommunicable diseases (NCDs). This resulted in increased healthcare spending for the purchase of pharmaceuticals and medical devices.The pharmaceutical sales of many major European Union countries are showing an increase such as Italy's pharmaceutical sales have risen by 9.27% from 2021 to 2022, similarly for Belgium's increase was 15.12%, Luxembourg's 8.74%, Spain's 9.30%, Sweden's staggering increase of 25.11%, and Switzerland's 10.37%, according to OECD database. The number suggests the growing need for pharmaceuticals in the lives of citizens with various physical and mental ailments. Thus, demand for the DMF in pharmaceuticals would increase during the forecast period.
Dimethylformamide market geographical outlook
The dimethylformamide market is segmented into five regions worldwide
By geography, the dimethylformamide market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.The Asia Pacific region is expected to see the fastest growth in the dimethylformamide market due to increasing applications in synthetic fibers and textiles.
North America is expected to have a significant market share in the dimethylformamide market due to its major utilization in the pharmaceutical and chemical industries.
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- Historical data & forecasts from 2022 to 2029
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The dimethylformamide market is analyzed into the following segments:
By Application
- Solvent
- Catalyst
- Raw Material
By End User Industry
- Chemical Processing
- Pharmaceuticals
- Textiles
- Paints & Coating
- Textile
- Others
By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Middle East and Africa
- Saudi Arabia
- UAE
- Rest of the Middle East and Africa
- Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Thailand
- Indonesia
- Rest of Asia-Pacific
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
5. DIMETHYLFORMAMIDE MARKET BY APPLICATION
6. DIMETHYLFORMAMIDE MARKET BY END-USER INDUSTRY
7. DIMETHYLFORMAMIDE MARKET BY GEOGRAPHY
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
9. COMPANY PROFILES
Companies Mentioned
- BASF SE
- Balaji Amines
- Belle Chemical
- Chemanol
- Eastman Chemical Company
- Jiutian Chemical Group Ltd
- Mitsubishi Gas Chemical Company Inc.
- Pon Pure Chemicals Group
- Shandong Hualu-Hengsheng Chemical Co., Ltd.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 145 |
Published | November 2024 |
Forecast Period | 2025 - 2030 |
Estimated Market Value ( USD | $ 2.87 billion |
Forecasted Market Value ( USD | $ 3.59 billion |
Compound Annual Growth Rate | 4.5% |
Regions Covered | Global |
No. of Companies Mentioned | 9 |