May 23, 2019   SOURCE: BusinessWire

Global Dimethylformamide Market Report 2019-2023: Growing Agriculture Industry & Rising R&D Activities on DMF - ResearchAndMarkets.com

The "Global Dimethylformamide Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The dimethylformamide market will register a CAGR of over 4% by 2023.

Growing applications for DMF is one of the major factor driving the growth of the dimethylformamide market. DMF is an organic, colorless, and hygroscopic liquid compound with a sight amine odor. It is used as a universal solvent in various industries, such as petrochemical, agrochemical, polymer manufacturing, and synthetic fiber manufacturing, due to its physical and chemical properties. It is also used in applications such as textiles, copper clad laminate, and leather manufacturing. The growing number of applications of DMF will boost market growth during the forecast period.

Market Overview

Growing demand for DMF in China

China is the leading producer and consumer of DMF and accounted for 76%-79% of the global DMF consumption in 2018. In this country, DMF is used as a feedstock to produce polyurethane (PU), an essential chemical used in various industries and a solvent used the in petrochemical, pharmaceutical, acrylic fiber, and electronics industries. The growing elderly population in China will drive the demand for pharmaceuticals in the form of antibiotics and other consumable drugs, therefore, the demand for DMF during the forecast period.

Human health hazards caused by DMF

DMF is highly dangerous for human beings when exposed through inhalation of vapor or skin contact at occupational sites. According to the US Environmental Protection Agency (EPA), acute exposure to DMF has been observed to cause damage to the liver in human beings. Thus, human health hazards caused by DMF is one of the major factor that will impede the market growth.

For the detailed list of factors that will drive and challenge the growth of dimethylformamide market during the 2019-2023, view the full report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several companies including Merck KGaA and The Chemours Co. the competitive environment is quite intense. Factors such as the growing applications for DMF and growing demand for DMF in China, will provide considerable growth opportunities to dimethylformamide manufactures.

BASF SE, Eastman Chemical Co., Jiutian Chemical Group Ltd., Merck KGaA, and The Chemours Co. are some of the major companies covered in this report.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY END-USER

  • Market segmentation by end-user
  • Comparison by end-user
  • Chemicals - Market size and forecast 2018-2023
  • Electronics - Market size and forecast 2018-2023
  • Pharmaceuticals - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Growing agriculture industry
  • Rising R&D activities on DMF
  • Increasing production capacity for thermoplastic PU

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • BASF SE
  • Eastman Chemical Co.
  • Jiutian Chemical Group Ltd.
  • Merck KGaA
  • The Chemours Co.

PART 14: APPENDIX

For more information about this report visit https://www.researchandmarkets.com/r/6j4rtl