Dimethylacetamide Market: Global Industry Analysis and Forecast (2024-2030)

Dimethylacetamide Market was valued at US$ 113.91 Mn. in 2023. Global Dimethylacetamide Market size is estimated to grow at a CAGR of 2.43%.
Dimethylacetamide Market Overview:
Dimethylacetamide is a colorless, hygroscopic liquid. It is a suitable solvent solution for a range of organic and inorganic compounds. It is miscible with water, ethers, ketones and aromatics compounds and used in the production of polyacrylonitrile and polyurethane films and coatings. Dimethylacetamide is a solvent for polyimide resins in coating and film production. It is ideal solvent for the production of dialyser membranes. The report has covered the detail analysis of the market dynamics like drivers, restraints, opportunities and challenges by each region.To know about the Research Methodology :- Request Free Sample Report
Dimethylacetamide Market Dynamics:
The demand for dimethylacetamide as reaction and catalyst in the pharmaceutical and agrochemical industries, usages of DMAc as a solvent, production of pesticides in agrochemical industries, requirement for high-quality solvents in pharmaceutical industries and usages of dimethylacetamide as a plasticizer in personal care & cosmetic industries are some of the driving factors behind the global dimethylacetamide market growth. Despite the adoption of the dimethylacetamide in the end user industries like pharmaceutical, agrochemical, personal care and textile, fluctuation in the product cost and presence of substitute is expected to limit the dimethylacetamide market growth.
Dimethylacetamide Market Segment Analysis:
Based on the Application, Pharmaceutical segment is expected to contribute more than 45% share in 2030. The Dimethylacetamide is used both as a solvent and as a reagent in the production of various pharmaceuticals products. The Dimethylacetamide is used as solvent in the novel x-ray contrast media. A scientific and technological advance with sociodemographic changes and demand for medicines and trade liberalisation are some of the factors, which is expected to drive the explanation of the pharmaceutical. The N, N Dimethylacetamide is extensively accepted as a drug excipient in formulation of several pharmaceutical products including Busulfex, Vumon that is increasing the production of the Dimethylacetamide. Additionally, it has wide acceptance in terms of inflammation and osteoclast genesis because of its chemical stability feature.

Dimethylacetamide used as a solvent in the polymerization reaction to manufacture fine fibers made from polymers like acrylic, polyurethane-polyurea copolymer, and meta-aramid. It is also used in mixtures to add additives into the fiber spinning process.
Dimethylacetamide Market Regional Insights:
Asia Pacific region held the dominant position in 2023 and is expected to hold the dominant share in the dimethylacetamide market. The dominant position in the market is attributed to the expansion of pharmaceutical sector across the developing nations like India, China and South Korea. India has contributed maximum share because of the presence of the land and crop protection chemicals. The country has a high demand for agrochemicals products, which led to increase the production for dimethylacetamide. The demand for dimethylacetamide in the pharmaceutical sector boosts the market growth. Rapid expansion of pharmaceutical industries in India is expected to drive the demand further propelling the regional market growth. In the global pharmaceuticals sector, India is a significant and rising player. India’s pharmaceutical industry is expected to grow at a 22.80% rate of CAGR in the near future.

The degree of competition in the dimethylacetamide market is moderate due to its high initial investment cost. However, by recognising the benefits of Dimethylacetamide in the cosmetic, pharmaceutical industry, companies have been active in the manufacturing process of dimethylacetamide.

The objective of the report is to present a comprehensive analysis of the global Dimethylacetamide Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Dimethylacetamide Market dynamic, structure by analyzing the market segments and projecting the Dimethylacetamide Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Dimethylacetamide Market make the report investor’s guide.
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Dimethylacetamide Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 113.91 Mn.


Forecast Period 2024 to 2030 CAGR:
2.43%
Market Size in 2030:
US $ 134.75 Mn.


 Segments Covered:
by End- Users
1. Pharmaceutical
2. Agrochemical
3. Personal Care
4. Textile
5. Others


by Application
1. Synthetic Resins
2. Intermediates
3. Acrylic Fiber
4. Pesticides
5. Catalyst
6. Others



Dimethylacetamide Market, by Region
1. North America (United States, Canada and Mexico)
2. Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
3. Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
4. Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
5. South America (Brazil, Argentina Rest of South America)
Dimethylacetamide Market Key Players
1. Zhejiang Jiangshan Chemical
2. Shandong Jinmei Riyue Industry
3. Shanghai Jinshan Jingwei
4. Te An Ling Tian Fine Chemical
5. Huaxu Huagong
6. Samsung Fine Chemicals Co., Ltd
7. Mitsubishi Gas Chemical Company
8. Holy Stone Enterprise Co., Ltd
9. Merck KGaA
10. Eastman Chemical Company
11. Dupont
12. AK-Kim Kimya Sanayi Ve Ticaret AS
13. MGC
14. Tokyo Chemical Industry Co. Ltd.
15. BASF SE

Frequently Asked Questions:

1. Which region has the largest share in Global Dimethylacetamide Market?
Ans: Asia Pacific region held the highest share in 2023.

2. What is the growth rate of Global Dimethylacetamide Market?
Ans: The Global Dimethylacetamide Market is growing at a CAGR of 2.43% during forecasting period 2024-2030.

3. What is scope of the Global Dimethylacetamide Market report?
Ans: Global Dimethylacetamide Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Dimethylacetamide Market?
Ans: The important key players in the Global Dimethylacetamide Market are – Zhejiang Jiangshan Chemical, Shandong Jinmei Riyue Industry, Shanghai Jinshan Jingwei, Te An Ling Tian Fine Chemical, Huaxu Huagong, Samsung Fine Chemicals Co., Ltd, Mitsubishi Gas Chemical Company, Holy Stone Enterprise Co., Ltd, Merck KGaA, Eastman Chemical Company, Dupont, AK-Kim Kimya Sanayi Ve Ticaret AS, MGC, Tokyo Chemical Industry Co. Ltd., and BASF SE

5. What is the study period of this Market?
Ans: The Global Dimethylacetamide Market is studied from 2023 to 2030.