Dimethylformamide Market Size, Share, Opportunities, And Trends By Application (Solvent, Catalyst, Raw Material), By End User (Chemical Processing, Pharmaceuticals, Textiles, Paints & Coating, Textile, Others), And By Geography - Forecasts From 2025 To 2030
- Published : Nov 2024
- Report Code : KSI061617146
- Pages : 145
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.
- 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.
What are the 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.
- Increasing industrial applications as a solvent
Dimethylformamide is used mainly as an industrial solvent in manufacturing films, fibers, coatings, and adhesives, in the purification of hydrocarbons in petroleum refining, and other chemical processes.
DMF is also used as a solvent for various textile and footwear coatings, finishes, and resins. It facilitates the dissolution of coating ingredients and improves qualities such as water repellency, flame retardancy, and durability. According to the India Brand Equity Foundation, Indian textiles and apparel are projected to reach US$350 billion by 2030. Moreover, India would be the world's 3rd largest exporter of Textiles and Apparel. These potential applications in the Textile and Paints & Coating industry would further advance the dimethylformamide market.
Segment analysis of the dimethylformamide market:
- 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.
The dimethylformamide market is segmented into application and end-user.
By application, the dimethylformamide market is segmented into the solvent, catalyst, and raw material. Dimethylformamide has been used in the chemical industry on a large scale as a solvent and catalyst. In the pharmaceutical industry, it can be used as raw material. By end user, the dimethylformamide market is segmented into chemical processing, pharmaceuticals, textiles, paints & coating, and others. The enlarging chemical sector, particularly in emerging economies, fuels the demand for DMF in various chemical processes. The production of textiles relies heavily on DMF, driving its market growth in the many countries of Asia Pacific.
Major challenges in the dimethylformamide market:
- DMF has environmental concerns, which are significant restraints. Various regulatory bodies worldwide focus on reducing the environmental impact of industrial processes. Thus, DMF's usage was restrained due to its potential environmental hazards. The European Commission, in December 2023, published a regulation restricting N, N-dimethylformamide, a solvent used in many industrial applications in the EU.
Key developments in the dimethylformamide market:
The market leaders in the Dimethylformamide Market are BASF SE, Balaji Amines, Belle Chemical, Chemanol, and Eastman Chemical Company, among others. These key players implement growth strategies such as product launches, mergers, acquisitions, etc., to gain a competitive advantage. For Instance,
- In February 2024, Arclin expanded its North American production capacity for methylamines and dimethylformamide with a major investment at its West Virginia manufacturing facility. Arclin would expand methylamine production capacity by 35% and DMF capacity by 100%. Additionally, the company is considering the installation of formamide production capabilities to meet new demand in the United States. Arclin Amines production is located in Belle, West Virginia. It is a key producer of methylamines -monomethylamine (MMA), dimethylamine (DMA), and trimethylamine (TMA).
Dimethylformamide Market Scope:
Report Metric | Details |
Dimethylformamide Market Size in 2025 |
US$2.87 billion |
Dimethylformamide Market Size in 2030 |
US$$3.59 billion |
Growth Rate | CAGR of 4.53% |
Study Period | 2020 to 2030 |
Historical Data | 2020 to 2023 |
Base Year | 2025 |
Forecast Period | 2025 – 2030 |
Forecast Unit (Value) | USD Billion |
Segmentation |
|
Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
List of Major Companies in the Dimethylformamide Market |
|
Customization Scope | Free report customization with purchase |
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
- North America
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key benefits for the stakeholders
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View
4. MARKET DYNAMICS
4.1. Market Drivers
4.1.1. Growing demand from the pharmaceutical sector
4.1.2. Increasing industrial applications as a solvent
4.2. Market Restraints
4.2.1. Health-related hazards and availability of other substitutes
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. DIMETHYLFORMAMIDE MARKET BY APPLICATION
5.1. Introduction
5.2. Solvent
5.3. Catalyst
5.4. Raw Material
6. DIMETHYLFORMAMIDE MARKET BY END-USER INDUSTRY
6.1. Introduction
6.2. Chemical Processing
6.3. Pharmaceuticals
6.4. Textiles
6.5. Paints & Coating
6.6. Textile
6.7. Others
7. DIMETHYLFORMAMIDE MARKET BY GEOGRAPHY
7.1. Global Overview
7.2. North America
7.2.1. United States
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Rest of South America
7.4. Europe
7.4.1. United Kingdom
7.4.2. Germany
7.4.3. France
7.4.4. Italy
7.4.5. Spain
7.4.6. Rest of Europe
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. United Arab Emirates
7.5.3. Rest of the Middle East and Africa
7.6. Asia-Pacific
7.6.1. China
7.6.2. India
7.6.3. Japan
7.6.4. South Korea
7.6.5. Taiwan
7.6.6. Thailand
7.6.7. Indonesia
7.6.8. Rest of Asia-Pacific
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Market Share Analysis
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Competitive Dashboard
9. COMPANY PROFILES
9.1. BASF SE
9.2. Balaji Amines
9.3. Belle Chemical
9.4. Chemanol
9.5. Eastman Chemical Company
9.6. Jiutian Chemical Group Ltd
9.7. Mitsubishi Gas Chemical Company Inc.
9.8. Pon Pure Chemicals Group
9.9. Shandong Hualu-Hengsheng Chemical Co., Ltd.
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.
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