Dimethylformamide (DMF) Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Dimethylformamide (DMF) Market Analysis
The dimethylformamide market is estimated at USD 2.12 billion currently and is expected to reach USD 2.52 billion over the forecast period, registering a CAGR of around 3.5% during the forecast period.
The market was negatively affected by the COVID-19 pandemic. Owing to the pandemic scenarios, several countries around the world went into lockdown to curb the spreading of the virus. The demand for dimethylformamide from various applications, such as chemical processing, solvents, and textiles, was severely affected due to a halt in various industries, such as construction, electrical and electronics, and others. Currently, the market has recovered from the pandemic and is growing at a significant rate.
- Over the medium term, the factors driving demand in the dimethylformamide market are the increasing number of industrial applications for DMF as a solvent and the growing demand from the pharmaceutical sector.
- On the flip side, due to rising health concerns, long-term exposure to dimethylformamide can cause health issues in humans, and its replacement by less harmful substitutes like dimethyl sulfoxide is expected to hinder the market growth.
- Nevertheless, during the forecast period, however, the growing use of DMF in research labs is likely to create opportunities for the market that was looked at.
- Asia-Pacific is expected to dominate the global market, owing to the highly developed chemical processing industries, pharmaceutical industries, and textile sectors in emerging economies such as China, India, and Japan.
Dimethylformamide (DMF) Market Trends
Growing Demand from the Textiles Industry
- Dimethylformamide (DMF) is used to make polyurethane (PU) slurry. The slurry is a liquid combination of polyurethane resin, fillers, and additives used as a coating in the leather and garment industries.
- In addition, PU slurry is utilized in the manufacture of synthetic leather. The synthetic leather manufacturing process includes PU slurry preparation, coating application, drying and curing, and finishing.
- DMF is frequently used as a dye and pigment solvent in textile dyeing and printing operations. It aids in the dissolution of the dyes and their equal distribution over the fabric, resulting in brilliant and consistent colors.
- It is also used as a solvent in manufacturing synthetic fibers such as acrylic, spandex, and polyurethane. It aids in dissolving and stabilizing polymer solutions before extrusion via spinnerets to generate continuous fibers.
- DMF is also used as a solvent for various textile and footwear coatings, finishes, and resins. It facilitates the dissolution of coating ingredients and allows for consistent distribution on the fabric's surface, improving qualities such as water repellency, flame retardancy, and durability.
- According to the National Bureau of Statistics of China, textile output in China was 2.74 billion meters in April 2023 and 3.08 billion meters in March 2023.
- Moreover, according to the India Brand Equity Foundation, India's textile and apparel exports (including handicrafts) were worth USD 21.15 billion from April to October 2023. The sector is anticipated to be worth USD 190 billion by 2025-2026,
- Furthermore, the National Council of Textile Organizations (NCTO) reported that textile and apparel shipments from the United States were worth USD 65.8 billion. The country is the world leader in textile research and development, emphasizing producing antimicrobial fibers, life-saving body armor, and innovative climate-adaptive materials.
- The Asia-Pacific area accounts for a sizable portion of the footwear industry. Regarding manufacturing and sales, China and India are the region's leaders. In China, big footwear manufacturers, including Nike, Skechers, and Adidas, reported robust sales increases following the easing of lockdowns. According to these companies' statistics, traffic in China has returned to normal following a slowdown in December, with a robust increase around the Chinese New Year.
- Therefore, the demand in the textile industry is expected to increase the demand for dimethylformamide during the forecast period.
Asia-Pacific Region to Dominate the Market
- Asia-Pacific is expected to lead the world market because its chemical processing, pharmaceutical, and textile industries are well-developed.
- The textile industry uses DMF to make acrylic fibers, polyurethane products, fake leathers, films, and surface coatings. The International Trade Administration says that Asia-Pacific is the textile industry's biggest market.
- Chemical processing industries such as agricultural, petrochemical, polymer, and refining heavily use dimethylformamide for various applications. India has now been ranked sixth among the world's ten largest manufacturing countries. The petrochemical industry contributes about 30% of raw materials to the chemical industry, which is expected to reach USD 300 billion by 2025.
- Acrylic fibers are used in sweaters, boots, hats, gloves, athletic wear, carpeting, blankets, protective clothing, wigs, and hair extensions. This increased the demand for dimethylformamide in the production of acrylic fibers.
- The production value of China's textile and garment sector achieved a new export peak in 2022, with a trade surplus of more than USD 300 billion.
- According to statistics from the General Administration of Customs of China, the total value of China's textile and apparel exports in 2022 grew by 2.5% yearly. China will remain the world's leading textile and apparel exporter in 2022, with exports exceeding USD 300 billion for the third consecutive year. Exports from the entire leather supply chain increased by 19.3% year over year, while imports decreased by 12.3% year over year.
- China shipped 9.29 billion pairs of shoes in 2022, a 6.6% increase over 2021. Furthermore, China exported 720 million pairs of leather footwear valued at USD 11.46 billion, up 7.8% and 14.9% yearly. Meanwhile, the overall import value of leather shoes was 71 million pairs and USD 2.8 billion, representing a 0.2% and 0.8% decrease from the previous year.
- India exports 78% of its footwear to Europe and the United States. In 2022, the Indian footwear market's revenue is expected to be USD 23.73 billion. The leather footwear category is the market's largest, valued at USD 16.62 billion in 2022. By 2027, the Indian footwear industry will be worth roughly USD 27.84 billion.
- In July 2022, Covestro announced the establishment of two new polyurethane dispersions and elastomer manufacturing plants in Shanghai. These new facilities, placed within Covestro's integrated site in Shanghai, will represent a total investment in the mid-double-digit million-euro range.
- Dimethylformamide is used to make agriculture pesticides and clean up chemicals in the petrochemical industry. It also makes inks and dyes for printing and dying fibers. According to the National Bureau of Statistics of China, around 226,000 metric tons of chemical pesticides were manufactured in China in March 2023.
- Yuanfar Chemical announced intentions to increase its domestic dimethylformamide (DMF) production capacity by 100,000 tons in November 2022. The company is based in Jiujiang City, Jiangxi Province, and is owned by Henan Heart to Heart Group. As a result, the overall manufacturing capacity is anticipated to rise to nearly 800,000 tons. Hualu Hengsheng also plans on building 1,50,000 metric tons of additional DMF plants in Jingzhou by the end of 2023.
- The increasing use of industrial solvents and the region's growing need for laboratory research and development will likely be the driving forces behind dimethylformamide in the coming years.
Dimethylformamide (DMF) Industry Overview
The dimethylformamide market is partially consolidated, with a few major players dominating a significant portion. Some major companies are BASF SE, Luxi Group, Mitsubishi Gas Chemical Company Inc., Shandong Hualu HengshengChemical Co. Ltd, and JiutianChemical Group Limited.
Dimethylformamide (DMF) Market Leaders
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BASF SE
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Luxi Group
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Mitsubishi Gas Chemical Company Inc.
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Shandong Hualu Hengsheng Chemical Co. Ltd
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Jiutian Chemical Group Limited
*Disclaimer: Major Players sorted in no particular order
Dimethylformamide (DMF) Market News
The recent developments pertaining to the major players in the market will be covered in the complete study.
Dimethylformamide (DMF) Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Industrial Applications of DMF as Solvent
- 4.1.2 Growing Demand from the Pharmaceutical Sector
- 4.1.3 Other Drivers
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4.2 Restraints
- 4.2.1 Health Related Hazards and Replacement by Other Substitutes
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size In Value)
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5.1 Application
- 5.1.1 Chemical Processing and Solvents
- 5.1.2 Pharmaceuticals
- 5.1.3 Textiles
- 5.1.4 Other Applications
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5.2 Geography
- 5.2.1 Asia-Pacific
- 5.2.1.1 China
- 5.2.1.2 India
- 5.2.1.3 Japan
- 5.2.1.4 South Korea
- 5.2.1.5 Rest of Asia-Pacific
- 5.2.2 North America
- 5.2.2.1 United States
- 5.2.2.2 Canada
- 5.2.2.3 Mexico
- 5.2.3 Europe
- 5.2.3.1 Germany
- 5.2.3.2 United Kingdom
- 5.2.3.3 France
- 5.2.3.4 Italy
- 5.2.3.5 Rest of Europe
- 5.2.4 South America
- 5.2.4.1 Brazil
- 5.2.4.2 Argentina
- 5.2.4.3 Rest of South America
- 5.2.5 Middle-East and Africa
- 5.2.5.1 Saudi Arabia
- 5.2.5.2 South Africa
- 5.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 BASF SE
- 6.4.2 Balaji Amines
- 6.4.3 Belle Chemical
- 6.4.4 Chemanol
- 6.4.5 Eastman Chemical Company
- 6.4.6 Jiutian Chemical Group Ltd.
- 6.4.7 Luxi Group
- 6.4.8 Mitsubishi Gas Chemical Company Inc.
- 6.4.9 Pon Pure Chemicals Group
- 6.4.10 Shandong Hualu-Hengsheng Chemical Co., Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Increasing Usage of DMF in Research Labs
- 7.2 Other Opportunities
Dimethylformamide (DMF) Industry Segmentation
Dimethylformamide is an organic compound with the formula (CH3)2NC(O)H, commonly abbreviated as DMF. It is a widely used solvent in chemical reactions due to its miscible nature with water and most organic liquids. Dimethylformamide is odorless, but technical-grade or degraded samples frequently have a fishy odor due to dimethylamine impurities.
The dimethylformamide market is segmented by application and region. The market is segmented by application into chemical processing and solvents, pharmaceuticals, textiles, and other applications. The report also covers the market size and forecasts for the dimethylformamide market in 15 countries across major regions. Market sizing and forecasts have been done for each segment based on revenue (USD).
| Application | Chemical Processing and Solvents | |
| Pharmaceuticals | ||
| Textiles | ||
| Other Applications | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Dimethylformamide (DMF) Market Research FAQs
What is the current Dimethylformamide Market size?
The Dimethylformamide Market is projected to register a CAGR of 3.5% during the forecast period (2024-2029)
Who are the key players in Dimethylformamide Market?
BASF SE, Luxi Group , Mitsubishi Gas Chemical Company Inc. , Shandong Hualu Hengsheng Chemical Co. Ltd and Jiutian Chemical Group Limited are the major companies operating in the Dimethylformamide Market.
Which is the fastest growing region in Dimethylformamide Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Dimethylformamide Market?
In 2024, the Asia-Pacific accounts for the largest market share in Dimethylformamide Market.
What years does this Dimethylformamide Market cover?
The report covers the Dimethylformamide Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Dimethylformamide Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Dimethylformamide Industry Report
Statistics for the 2024 Dimethylformamide market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Dimethylformamide analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
