Dimethylformamide (DMF) Market

Dimethylformamide (DMF) Market Outlook

The dimethylformamide (DMF) market is anticipated to flourish at an average CAGR of 4.8% between 2023 and 2033. The market is expected to hold a market share of USD 627.7 million by 2033, while the market is likely to reach a value of USD 392.8 million in 2023.

The adoption of dimethylformamide (DMF) is rising as it is widely used as a feedstock, especially for the production of PU. However, economic slowdown, pressure from various regulatory bodies, and government regulations are likely to impede the dimethylformamide (DMF) market growth.

On the other hand, DMF is used to make PU elastomers, which manufactures synthetic leather, which is garnering potential use in luxury cars in the automotive industry and is estimated to present growth opportunities for the dimethylformamide (DMF) market in the future.

Attribute	Details
Dimethylformamide (DMF) Market CAGR (2023 to 2033)	4.8%
Dimethylformamide (DMF) Market Size (2023)	USD 392.8 million
Dimethylformamide (DMF) Market Size (2033)	USD 627.7 million

The development of the DMF chemical market worldwide is attributed to the growing interest in polyurethane-based items from companies manufacturing soles of shoes, consumer merchandise, synthetic leather, and their adhesives and coatings.

The manufacturing of pharmaceuticals, wire enamels, laminated epoxy coatings, and pesticides, among other applications, is driving demand for dimethylformamide solvents of varying degrees. But dimethylformamide (DMF) market expansion is anticipated to be hindered by government regulations and economic recession.

Dimethylformamide is a unique solvent used in a wide variety of industries, including paint strippers, adhesives, surface coatings, welding gas, wire coating resins, insecticides, medicines, and electrolytic capacitors.

Significant Drivers Positively Impacting the Dimethylformamide (DMF) Market

Different grades of DMF solvents have adaptable properties to meet the needs of the applications deployed; these include the production of plastics, synthetic leather, acrylic fibers, and insecticides. Dimethylformamide (DMF) is in high demand because it is used as a catalyst in numerous important chemical processes, including producing acyl halides.

The utilization of dimethylformamide derivatives is essential in the production of wire enamels, insecticides, medicines, and acrylic fibers. DMF's exceptional solvency qualities also make it useful as a reaction and crystallization solvent in the pharmaceutical industry for purification.

Furthermore, DMF is used in the petrochemical industry to separate acetylene from ethylene and butadiene from C4 streams. Sales of dimethylformamide (DMF) are anticipated to increase as a result of this (DMF). As a bonus, it serves as a solvent in the electrical industry, helping to create raw materials for PCB fabrication.

Challenging Aspects and Revenue Opportunities of the Dimethylformamide (DMF) Market

Due to its versatility as a solvent, DMF chemical finds widespread application in numerous industrial settings, exposing many workers to it. However, DMF is a chemical readily absorbed through the skin and has been linked to serious liver damage and other negative side effects like nausea, vomiting, rashes, and stomach pain.

In contrast, demand for dimethylformamide (DMF) is anticipated to rise due to several variables soon. The growth of the textile and chemical processing industries, the usage of solvents and intermediates, and the sophistication of medical equipment are only a few examples.

Country-wise Insights

Country	Revenue Share % (2022)
United States	21.3%
Germany	9.8%
Japan	5.3%
Australia	2.4%

Country	CAGR % (2023 to 2033)
China	28.4%
India	8.3%
United Kingdom	4.8%

Country	Details
North America	North America is currently the dominant dimethylformamide (DMF) market, as it held a revenue of 26.3% in 2022. This is owing to the steady demand from the region’s solvent and film industries, which are propelling the growth of the chemical products and its market in the region.
Europe	With a revenue of 21.7%, Europe held the second-largest share of the dimethylformamide (DMF) market in 2022. The region primarily depends on pharmaceutical imports to supply its domestic market, largely due to chronic diseases' growing prevalence.

Categorical Analysis

Category	By Derivative Type
Leading Segment	N, N-Dimethylformamide
Market Share (2022)	68.6%

Category	By End Use
Leading Segment	Pharmaceuticals
Market Share (2022)	43.1%

Start-up Ecosystem & Key Developments to Look Out for in the Dimethylformamide (DMF) Market

A plethora of new developments has accompanied Dimethylformamide (DMF) industry growth. There have been recent successes in the production of a new two-dimensional material that could change the creation of solar fuel by some start-ups.

Hematite is one of the most well-known minerals on the planet and the primary source of iron, the least expensive metal used in a wide variety of chemical products, and the primary ingredient in steel production.

And the novel 2D substance, Hematene, was made by exfoliating hematite ore in a liquid-phase organic solvent, N, N-dimethylformamide (DMF).

With so many companies fighting for a share in the worldwide dimethylformamide (DMF) market, competition is sure to heat up, and market fragmentation is expected to accelerate. Some companies in the market are relying on mergers and acquisitions as well as joint ventures to secure a prominent position.

Few of the Recent Developments in the Dimethylformamide (DMF) Market are

• In January 2020, Chemours’ methylamines business was acquired by Belle, a Cornerstone affiliate. Belle acquired the methylamines business in its entirety, including amines monomethyl amine, dimethylamine, trimethylamine, amides dimethylformamide, and dimethylacetamide, as well as production and logistics assets and approximately 50 operating personnel at the Belle, West Virginia site.

• In May 2018, Solenis (Wilmington) and BASF SE (Ludwigshafen, Germany) signed an agreement to jointly combine BASF's paper and water chemicals business with Solenis to create a customer-focused global specialty chemical company.
• In April 2018, Kyoto University scientists came one step closer to designing porous materials that can change and retain their shapes, a function known as a shape-memory effect. New carbon dioxide adsorbing crystals could form the basis of future biomedical materials that rely on the shape-memory effect. Crystals were made by dissolving a mixture of chemicals and zinc nitrate hexahydrate in dimethylformamide (DMF).

Key Market Players of the Dimethylformamide (DMF) Market

• Sigma-Aldrich Co. LLC - They operate as a life science and biotechnology company. The company offers chemical and biological products, laboratory support, research, custom weighing, and packaging services and serves clients worldwide.
• Paari Chem Resource - It has been catering to the needs of various clients ever since its inception in 2009. Taking a step ahead with each deal, it has constantly been focused on maintaining its quality. The goal of this company is to provide the customers with excellent quality chemical products, most effective communication, appropriate legal documentation & best possible offer. We wish to enhance our performance with each deal we are involved in, and true to our nature, we surely excel in the same.
• HELM AG - It is a Hamburg-based family company established in 1900. HELM is one of the world’s largest independent chemicals marketing companies. The Company secures access to the world’s key markets through its specific regional knowledge and over 100 branches, sales offices, and participations in over 30 countries. As a multifunctional marketing organization, HELM is active in the chemicals industry (Feedstocks and Derivatives), crop protection, pharmaceuticals, and fertilizer industries. Our services range from international marketing, distribution, logistics, production, and project development to scientific and technical assistance.
• OCI Corporation - It is a well-established trading company based in Seoul, Korea. OCIC's business includes export, import, and local distribution of chemicals and chemical products with energetic professionals with knowledge, experience, and dedication.
• ANHUI HAOYUAN CHEMICAL GROUP CO. LTD. - It manufactures and distributes agricultural chemical products. The company produces ammonia, urea, ammonium bicarbonate, morpholine, hydrogen peroxides, acetylene, methanol, and other chemicals. Anhui Haoyuan Chemical Industry Group exports products to Japan, South Korea, India, Switzerland, and other countries.

Key Players

• Cable House
• J. N. Chemical
• Artha Enterprise
• Alpha Chemika
• Antares Chem Pvt. Ltd.
• BASF
• Eastman Chemical
• Merck
• Luxi Chemical Group
• Jiutian Chemical Group
• Mitsubishi Gas Chemical
• The Chemours
• Zhejiang Jiangshan Chemical
• Chemanol
• AK-KIM
• Pharmco Products
• Ineos AG
• Arkema Group

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
• 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Derivatives
  • 5.1. N, N-DMF Dimethyl Acetal
  • 5.2. N, N-DMF Ditert-Butyl Acetal
  • 5.3. N, N-Dimethylformamide
• 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
  • 6.1. Industrial Solvent
  • 6.2. Polymer Fibres
  • 6.3. Surface Coatings
  • 6.4. Films
  • 6.5. Processing of Acrylic Fibres
  • 6.6. Wire Enamel
• 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Users
  • 7.1. Pesticides
  • 7.2. Pharmaceuticals
  • 7.3. Solvents
  • 7.4. Chemicals
• 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
  • 8.1. North America
  • 8.2. Latin America
  • 8.3. Western Europe
  • 8.4. Eastern Europe
  • 8.5. South Asia and Pacific
  • 8.6. East Asia
  • 8.7. Middle East and Africa
• 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
• 16. Key Countries Market Analysis
• 17. Market Structure Analysis
• 18. Competition Analysis
  • 18.1. Cable House
  • 18.2. J. N. Chemical
  • 18.3. Artha Enterprise
  • 18.4. Alpha Chemika
  • 18.5. Antares Chem Pvt. Ltd.
  • 18.6. BASF
  • 18.7. Eastman Chemical
  • 18.8. Merck
  • 18.9. Luxi Chemical Group
  • 18.10. Jiutian Chemical Group
  • 18.11. Mitsubishi Gas Chemical
  • 18.12. The Chemours
  • 18.13. Zhejiang Jiangshan Chemical
  • 18.14. Chemanol
  • 18.15. AK-KIM
  • 18.16. Pharmco Products
  • 18.17. Ineos AG
  • 18.18. Arkema Group
• 19. Assumptions & Acronyms Used
• 20. Research Methodology