Dimethylformamide Market trends research and projections for 2025 Dimethylformamide Market | Page 2

Based on the end-user segment, dimethylformamide market is segmented into
agrochemical, electronics, chemical & petrochemical, pharmaceutical and others. In
the agrochemical industry, DMF is used as a solvent in pesticide manufacturing.
Growing pesticide demand across the globe to improve the agriculture industry
output/yield, will make subsequent positive impact on the dimethylformamide market
size in the coming years. The pesticide industry is anticipated to witness gains close
to 6% globally, which will subsequently drive the product demand and thus will make
noteworthy impact on the overall dimethylformamide market size by 2025.
Asia Pacific dimethylformamide market value is majorly contributed to the positive
growth trends from agrochemical, chemical, electronics and pharmaceutical industry.
For instance, India is the fourth largest pesticide producer with an estimated market
size of USD 4.9 billion in 2017, after U.S., China and Japan. The industry is anticipated
to witness healthy gains in the forecast timeframe due to consistently growing
pesticides demand to improve crop yield. These trends will in turn drive the product
demand, resulting in triggering dimethylformamide market size by 2025. Additionally,
rising product demand from the pharmaceutical industry as a solvent for the
preparation of several drugs, will be a key contributor to the Asia Pacific market in the
coming years.
Some of the key players in the dimethylformamide market are BASF, Chemanol,
Eastman Chemical Company, HELM AG, Luxi Chemical Group, Merck, PaariChem,
The Chemours, Mitsubishi Gas Chemical and Zhejiang Jiangshan Chemical, among
several others. These players have wide-ranging product portfolio and strategically
placed R&D facilities to carry out technical advancements to gain an edge over its
competitors.
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