Dimethylacetamide Market to Gain Much Action as Solvent for Acrylic Fiber Production

Pune, India, September 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Dimethylacetamide Market.

Overview:

The Global Dimethylacetamide Market has a better opportunity to reach a substantial valuation in the coming years and the process would witness a rise by 2.6% CAGR during the forecast period of 2018 to 2025.

Dimethylacetamide, commonly known as DMA or DMAc, can be described as a colorless, water-miscible liquid. It is a dipolar aprotic solvent due to which its integration as industrial solvent for various organic and inorganic compounds are quite extensive. Market Research Future (MRFR) has a detailed analysis on factors that can impact the market in their recent report on this. Its high thermal and chemical stability can ensure better of it in various industries like dye & coatings, textiles, agrochemicals, pharmaceutical, plastic, and others. Its demand as co-catalyst for the production of various pesticides can also ensure substantial market growth.

Segmentation:

The global dimethylacetamide market was studied by MRFR for a detailed approach to the market. The report has been founded on a segmentation that includes application and end-use industry. It has its focus on various dynamics and demographic challenges that the market undergoes to make substantial impact and gain leverage.

By application, the global dimethylacetamide market report includes catalyst, acrylic fiber, pesticides, intermediates, synthetic resins, and others. Its contribution as catalyst for various production and growing inclusion in the acrylic fiber segment are expected to make notable mark on the market.

By end-use industry, the global dimethylacetamide market covers segments like textile, pharmaceutical, agrochemical, personal care, plastic, and others. The pharmaceutical and agrochemical sectors are expected to contribute notably. The plastic industry is also expected to benefit substantially.

Regional Analysis:

The geographical analysis of the global dimethylacetamide covers several regions for a better understanding of the market and how they are going to impact the coming years. Among them, the growth of the sector in North America, Europe, and Asia Pacific (APAC) would be substantial. In Latin America, and the Middle East & Africa, the market would find moderate growth.

The Asia-Pacific region had the upper-hand in 2018 and can register itself as the fastest growing region in the coming years. China’s position at the top of the regional market is likely to witness more growths due to its impact on the vast arable land available. This is both to increase production and mitigate the attack of pests. India is also expected to make substantial profit due to its exploration of possibilities in the pharmaceutical sector.

North America and Europe both are expected to make significant contribution to the market. The pharmaceutical industry in both these regions are expected to make major impact. In addition, the surging demand for films, fibers, and coatings from various end-users can make the market expand in a better way. In Europe, Germany is expected to make the most of it. Its use as solvent in the pharmaceutical industry can impress the growth. However, growing eco-awareness can deter the market growth of the chemical and its market.

Competitive Landscape:

MRFR has seen potential in several companies that can make a mark in the global dimethylacetamide market. Accordingly, the company has made inclusions in the report on the basis of their recent performances and kept a tab of what they have achieved in recent years to understand which way the market would swing. These companies employ their own strategies which has a better impact on the market as a whole. These companies are BASF SE (Germany), Holy Stone Enterprise Co., Ltd (Taiwan), DuPont (US), MITSUBISHI GAS CHEMICAL COMPANY, INC. (Japan), Ak-kim Kimya (Turkey), Samsung Fine Chemicals Co., Ltd. (South Korea), and Merck KGaA (Germany).

• In May 2019, a small Australian company, named Circa Group launched a new product Cyrene as a better alternative for two environmentally problematic substances N-methyl-2-pyrrolidone (NMP) and dimethyl formamide (DMF). This can be used as a solvent and has the potential to replace dimethylacetamide as well. The company launched this in collaboration with Merck KGaA. Theys are on their way to create a prototype plant in Tasmania.

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