Global Dimethylformamide (DMF) Market: Trends, Growth, and Forecast
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 th...