Major applications of dimethylformamide is in the textile industry and chemical industry, and minor applications across different other industries such as agriculture, electronics, energy, automotive, pulp and paper are the key factors contributing to high CAGR of Dimethylformamide during forecast period.

dimethylformamide Market Size – USD 685.4 million in 2019, Growth - CAGR of 4.5%, Trends – Increased applications and Innovation of alternatives

According to the current analysis of Reports and Data, the global dimethylformamide market was valued at USD 685.4 million in 2019 and is expected to reach the value of USD 974.7 million by the end of the year 2027, at a CAGR of 4.5%. Dimethylformamide (DMF), is a colorless, absorbent liquid with a slight fish like odor. Due to its high aprotic nature, wide liquid range, and low volatility, it is primarily used as a solvent. It is primarily applicable largely in several industries, such as textile, chemical, agriculture, electronics, energy, automotive, pulp and paper. Due to strong applications of dimethylformamide, the solvent is well known as a Universal Solvent across the industries.

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Further key findings from the report suggest

Dimethylformamide market is growing at a CAGR of 8% in the Asia Pacific, followed by North America and Europe with 4.6% and 3.9% CAGR, respectively. High industrial applications of the dimethylformamide is the key factor to accelerate the market growth during forecast period across all regions.
The Asia Pacific is expected to account for 58.4% of the global dimethylformamide market. The large number of manufacturers are in developing nations, such as China and India.
The solvent is the dominating dimethylformamide application, which holds 31.4% of the global market. The Asia-Pacific market is the chief revenue-generating source for this product segment, followed by North America and Europe regions
The chemical end-use segment is expected to be the fastest-growing market segment during the forecast period 2019-2027 with a CAGR of 4.8% in the end-use segment. The large number use of chemicals to develop dimethylformamide and the risk associated with the chemicals is a challenge.
Other applications segments, such as construction, personal care products, manufacturing rubber, paint, textiles, was valued at USD 154.8 Million in 2019 and is expected to reach the value of USD 218.4 Million by the end of the year 2027.
The risk of toxicity associated while producing and the availability of alternatives is likely to hinder the market growth during the forecast period.
Key participants include Eastman Chemical Company (U.S.), BASF SE (Germany), Merck & Co., Inc. (U.S.), J.N. Chemicals (India), DuPont de Nemours, Inc. (U.S.), Mitsubishi Gas Chemical (Japan), Zhejiang Jiangshan Chemical Co, Ltd. (China), The Chemours Company (U.S.), Pharmco-Aaper (U.S.), and Luxi Group Co., Ltd. (China).
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Market Segmentation:

Type (Volume in Metric Tons; Revenue in USD Million; 2017–2027)

Reactant
Feed-Stock
Others
Application (Volume in Metric Tons; Revenue in USD Million; 2017–2027)

Solvents
Polymers Fiber
Films
Adhesive
Wire Enamels
Surface Coatings
Other Applications
End Use (Volume in Metric Tons; Revenue in USD Million; 2017–2027)

Chemical
Electronics
Pharmaceutical
Agrochemical
Others
Regional Outlook:

North America
S.
Canada
Mexico
Europe
Germany
K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
A.E.
South Africa
Rest of MEA
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Key questions covered in the global Dimethylformamide (DMF) Market report:

What is the expected market size of the global Dimethylformamide (DMF) Market during the forecast period?
What factors are expected to hamper global Dimethylformamide (DMF) Market growth over the forecast period?
What key factors are expected to drive global revenue growth between 2021 and 2028?
Which application segment is expected to dominate other application segments over the forecast period?
Which region is expected to dominate in terms of revenue during the forecast period?
What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
Which leading players are operating in the global Dimethylformamide (DMF) Market?
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