Dimethylacetamide Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DM2410 | Last Updated On: Jul 04 2022 | Available Formats

> Global Dimethylacetamide Market Expected to reach at a high CAGR of 2.12% by 2029: DataM Intelligence

Global Dimethylacetamide Market is segmented By Application (Fiber Industry, Pharmaceutical Industry, Agrochemicals Industry, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global "Dimethylacetamide Market" is expected to grow at a high CAGR of 2.12% during the forecasting period (2022-2029).

Dimethylacetamide (DMAc) is a colorless, high boiling, polar, hygroscopic liquid. DMAC is a good solvent for a wide range of organic and inorganic compounds, and it is miscible with water, ethers, esters, ketones, and aromatics compounds. It is used to produce polyacrylonitrile and polyurethane-based fibers, pharmaceuticals (e.g., antibiotics and novel contrast media), agrochemicals (fertilizers, pesticides, etc.), and coatings. The polar nature of DMAC enables it to act as a combined solvent and reaction catalyst in many reactions producing high yields and pure products in short time periods.

Market Dynamics

The global Water Treatment Aerators Market is primarily driven by Dimethylacetamide's increased use in fertilizers, pesticides, and other agrochemicals products.

The use of fertilizers and pesticides is extensive in the United States’ (US) agriculture, and these inputs have aided crop productions for some time. As demand for crops like corn and soybeans grew, so did the land area dedicated to their production. Fertilizer and pesticide use increased alongside it. Fertilizers supply nutrients essential for plant growth, and pesticides kill plants and animals, which harm crops, helping boost production. Between 1985 and 2016, adjusted for inflation, US farm expenditures on fertilizers increased from $8.6 billion to $23.5 billion, and spending on chemicals swelled from $3.9 to $15.2 billion.

However, dimethylacetamide's high toxicity, which is harmful to humans when exposed,d has hampered the Dimethylacetamide market's growth.

Dimethylacetamide is a medium potency reproductive toxicant (toxic for reproduction, category) and may damage fertility or the unborn child. It is harmful in contact with skin or if inhaled and causes serious eye irritation. Dimethylacetamide can cause hepatotoxicity, including occupational dimethylacetamide exposure-induced hepatotoxicity. At high doses (400 mg/kg body weight daily), dimethylacetamide causes effects on the central nervous system (e.g., depression, hallucinations, and delusion). Dimethylacetamide may be incompatible with polycarbonate or ABS. Devices (e.g., syringes) that contain polycarbonate or ABS can dissolve when coming into contact with dimethylacetamide.

Market Segmentation

By application, the global Water Treatment Aerators Market is segmented into Fiber Industry, Pharmaceutical Industry, Agrochemicals Industry, and Others. Fiber Industry application type has a high dominance in this segment due to dimethylacetamide's property having a higher flashpoint. Followed by the Pharmaceutical Industry, agrochemicals, and others.

Geographical Analysis

By geography, the global Water Treatment Aerators Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).

APAC holds the largest market share for Dimethylacetamide due to high population growth and uses for agrochemical products and the pharmaceutical products in the developing nation like China and India has high demands for Dimethylacetamide market and has made APAC hold most of the market share. However, North America is after APAC in terms of the market share of the dimethylacetamide Market, followed by Europe.

Competitive Analysis

Key players adopt strategies such as Acquisition, mergers, joint ventures, and investment in R&D to stand out as strong competitors in the market. The dimethylacetamide market is a low fragmented market, and the top six companies occupy about 70% of the market share. The major players include Dupont, Zhejiang Jiangshan Chemical, Shandong Jinmei Riyue Industry, BASF, Shanghai Jinshan Jingwei Chemical, and  Te An Ling Tian Fine Chemical. Other key players in the market include Mitsubishi Gas Chemical Group, Eastman, Huaxu Huagong, and Akkim.

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