The global dimethylformamide market size was estimated at USD 1.41 billion in 2023 and is projected to grow at a CAGR of 6.2% in terms of revenue from 2024 to 2030. The market is driven by high demand for dimethylformamide (DMF) in various end-use industries, such as pharmaceuticals, textiles, electronics, and plastics, which serve as a significant driver for market growth. In addition, the market is witnessing higher growth in developing countries, particularly in the Asia Pacific region, due to expanding textile industries and increasing demand in the pharmaceutical sector.

Dimethylformamide (DMF) is a colorless, odorless, and water-miscible organic compound with the molecular formula C3H7NO and a molecular weight of 73.09. It is commonly known by synonyms such as N,N-Dimethylmethanamide, Dimethyl formamide, and N-Formyldimethylamine. Due to its miscibility with water and many organic liquids, DMF is widely recognized as a versatile solvent, earning it the moniker of the "universal solvent" in various commercial applications.

Key Dimethylformamide Company Insights

The competitive landscape of the global dimethylformamide market is characterized by key players and their strategic initiatives, market trends, consolidation, and other major effects. These initiatives are aimed at consolidating market share and accelerating market fragmentation. For instance, Anhui Haoyuan Chemical Industry Group exports products to Japan, South Korea, India, Switzerland, and other countries, indicating the global reach and competitive strategies of key players in the DMF market. DMF is widely used in chemical processing industries such as agricultural, petrochemical, polymer, and refining, further driving the market growth.

Some of the key players operating in the global dimethylformamide market include

• BASF SE is a global leader in the chemical industry, including Dimethylformamide (DMF) production. Dimethylformamide manufactured by BASF is known for its high purity and consistency, catering to various industrial applications. BASF's product portfolio includes DMF used primarily as a solvent in chemical synthesis, particularly in producing polyurethane foams, pharmaceuticals, and pesticides.
• Eastman's DMF is distinguished by its high quality and versatility, serving as a solvent in various applications such as pharmaceuticals, electronics, and industrial coatings.
• Honeywell International Inc. is renowned for its diversified portfolio across aerospace, building technologies, and performance materials, including chemicals such as Dimethylformamide (DMF).

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Global Dimethylformamide Market Report Segmentation

This report forecasts volume & revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global dimethylformamide market report based on application, end use, and region: 

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
  • Solvent
  • Catalyst
  • Raw Material
• End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
  • Pharmaceuticals
  • Chemical Manufacturing
  • Paints & Coatings
  • Textile
  • Other End Uses
• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
  • Central & South America
    • Brazil
    • Argentina
  • Middle East and Africa
    • Saudi Arabia
    • South Africa

Key Dimethylformamide Companies:

The following are the leading companies in the dimethylformamide market. These companies collectively hold the largest market share and dictate industry trends.

• Eastman Chemical Company
• Belle Chemical Company
• Honeywell International Inc
• BASF SE
• Chemanol
• MITSUBISHI GAS CHEMICAL COMPANY, INC.
• THE JUSTE GROUP
• Henan GP Chemicals Co., Ltd
• Shandong Xinhua Pharma
• Zhengzhou Meiya Chemical Products Co., Ltd
• Hefei TNJ Chemical Industry Co., Ltd.
• FUJIFILM Wako Pure Chemical Corporation

Recent Developments

• In November 2022, Hualu Hengsheng announced the plan to build an additional DMF production facility in Jingzhou. The company plans to expand its DMF production facility by 150,000 metric tons within the next two years.
• In November 2022, Yuanfar Chemical announced the expansion of its DMF production capacity by 1,000 tons, taking the overall production capacity to 800,000 tons.

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