Dimethylacetamide Market Research Report - Global Forecast till 2030

Dimethylacetamide Market Research Report: Information by Application (Acrylic Fiber, Pesticides, Synthetic Resins, Intermediates, Catalyst and others), End-Use Industry (Pharmaceutical, Agrochemical, Textile, Personal Care and others) and Region (Asia-Pacific, North America, Europe, Latin America and the Middle East & Africa) - Forecast till 2030

ID: MRFR/CnM/1838-HCR | 140 Pages | Published By Anshula Mandaokar on April 2023         

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Dimethylacetamide Market OverviewThe Dimethylacetamide is projected to grow at ~2.70% CAGR during the forecast period.

Dimethylacetamide, also known as DMA or DMAc is a colorless, water-miscible liquid. Being a dipolar aprotic solvent, it is widely used as an industrial solvent for a variety of organic and inorganic compounds.  Dimethylacetamide is produced by reacting dimethylamine with methyl acetate at a temperature of more than 95 degrees in the presence of sodium methoxide. Owing to high thermal and chemical stability, it is widely used in various end-use industries such as pharmaceutical, plastic, agrochemicals, dye & coatings, textiles, and others.


The increasing demand for dimethylacetamide as a reaction medium and reaction catalyst in the pharmaceutical and agrochemical industries is expected to drive the market demand during the forecast period. For instance, N,N Dimethylacetamide is widely used as a drug excipient in various pharmaceutics such as Vumon, Busulfex, and others. Additionally, DMAc enhances bone regeneration in vivo and inhibits osteoclastogenesis and inflammation. Furthermore, the use of DMAc as a solvent and co-catalyst in the production of pesticides in agrochemical industries is likely to fuel the demand for dimethylacetamide in the coming years.


Moreover, the increasing use of dimethylacetamide in the production of polyacrylonitrile and polyurethane-based fibers in textile industry is expected to add value to the global market. Additionally, the use of DMAC as a solvent in wet spinning process to produce acrylic fibers is further propelling the market demand.


However, health risks such as toxicity and other related health-hazardous associated with dimethylacetamide are expected to hinder the market demand in coming years.


Global Dimethylacetamide Share, by End-Use Industry, 2018 (%)  Dimethylacetamide


Source: MRFR Analysis


Regional Analysis


The global dimethylacetamide is analyzed for five major regions, namely, North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa.


Asia-Pacific held a dominant share in dimethylacetamide market in 2018 and is expected to be the fastest-growing market during the forecast period. China, ranking the first in worldwide farm output, is likely to grow with a significant CAGR during the foreseen period, owing to the presence of vast arable lands and huge demand for crop protection chemicals. Thus, the increasing demand for dimethylacetamide in the production of pesticides. Additionally, considering the growing pharmaceutical industries in India and Southeast Asian countries is expected to drive the demand further propelling the regional market growth. According to India Brand Equity Foundation (IBEF), India‚Äôs pharmaceutical industry was valued USD 33 billion in 2017 and is expected to expand at a CAGR of 22.4 percent over 2015‚Äď2020.


North America witnessed a significant market share in 2018, owing to the growing demand for dimethylacetamide in the pharmaceutical industry as a reagent and preferable solvent. In addition, DMAc can be easily absorbed via oral and dermal routes, and thus is used to produce a variety of drugs. Furthermore, the increasing demand for fibers, films, and coatings is expected to spur the development of the dimethylacetamide market effectively in the region.


Europe is also expected to showcase significant growth during the forecast period owing to the increased use of high-quality solvents in pharmaceutical industries. Additionally, the use of DMAc as a plasticizer in personal care & cosmetic industries is aiding the market demand during the forecast period. Germany is the major contributor in the regional market on account of the presence of various pharmaceutical and cosmetics industries.


Latin America and the Middle East & Africa are expected to grow during the forecast period on account of industrial growth in the regions.


Key Players


DuPont (US), BASF SE (Germany), Ak-kim Kimya (Turkey), Samsung Fine Chemicals Co., Ltd. (South Korea), MITSUBISHI GAS CHEMICAL COMPANY, INC. (Japan), Holy Stone Enterprise Co., Ltd (Taiwan), and Merck KGaA (Germany) are some of the key players in the global dimethylacetamide market.


Segmentation


The global dimethylacetamide market has been segmented by application, end-use industry, and region.


Based on application, the global dimethylacetamide market is classified as acrylic fiber, pesticides, synthetic resins, intermediates, catalyst, and others.


Based on end-use industry, the global dimethylacetamide market is segmented as pharmaceutical, agrochemical, textile, plastic, personal care, and others.


Based on region, the global dimethylacetamide market is classified as North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa.


 


Intended Audience



  • dimethylacetamide manufacturers

  • Traders and distributors of dimethylacetamide

  • Textile and coating industries

  • Raw material suppliers



Report Scope:

Report Attribute/Metric Details
  Market Size   Significant Value
  CAGR   2.70%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019¬†&¬†2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Application, End User, Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   DuPont (US), BASF SE (Germany), Ak-kim Kimya (Turkey), Samsung Fine Chemicals Co., Ltd. (South Korea), MITSUBISHI GAS CHEMICAL COMPANY, INC. (Japan), Holy Stone Enterprise Co., Ltd (Taiwan), and Merck KGaA (Germany)
  Key Market Opportunities

  • Increasing use in the pharmaceutical and agrochemical sector
  • production of pesticides
  •   Key Market Drivers   Increasing use in the pharmaceutical and agrochemical sector


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    Frequently Asked Questions (FAQ) :

    The Dimethylacetamide Market CAGR would be 2.70% during the forecast period of 2022-2030.

    Increasing use in the pharmaceutical and agrochemical sector would drive the market growth.

    Health risks regarding its toxicity could prevent market growth.

    The Asia Pacific Dimethylacetamide Market would dominate.

    The Dimethylacetamide Market would have industries like agrochemical, pharmaceutical, plastic, personal care, textile, and others.