Dimethylformamide (DMF) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Dimethylformamide (DMF) Prices December 2023
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Product
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Category | Region | Price |
|---|---|---|---|
| Dimethylformamide (DMF) | Petrochemicals | China | 683 USD/MT |
In China, the dimethylformamide (DMF) prices experienced a decline in Q4 of 2023, primarily due to an oversupply amid low demand. Stability was observed in December, attributed to the uninterrupted operations within the supply chain. The closing price for DMF in China stood at 683 USD/MT in December.
Dimethylformamide (DMF) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Dimethylformamide (DMF) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of dimethylformamide (DMF) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of dimethylformamide (DMF) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of dimethylformamide (DMF) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing dimethylformamide (DMF) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Dimethylformamide (DMF) Market Analysis
The global DMF market size reached US$ 2.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3 Billion, at a projected CAGR of 3.30% during 2023-2032.
- The demand for DMF as the main component in the manufacturing of circuit boards and semiconductors propels the market growth. According to the Semiconductor Industry Association (SIA), global semiconductor industry sales totaled US$ 46.2 Billion during February 2024. This represents an increase of 16.3% compared to February 2023.
- The application of DMF in the production of acrylic fibers and plastics amplifies demand within the textile industry. Similarly, in chemical reactions, especially in the pharmaceutical, agro, and petrochemical industries, DMF is used as a solvent extensively. The rising demand for these products is projected to drive the global DMF market.
- Technological development that improves production efficiency or find an eco-friendly substitute is supporting the DMF market growth. For instance, a green and electrochemical method to synthesize DMF has been presented in an article published in the Green Chemistry Journal by the Royal Society of Chemistry in 2023. As per the article, titled "Electrosynthesis of N,N-dimethylformamide from market-surplus trimethylamine coupled with hydrogen production,” DMF can be produced from market-surplus trimethylamine (TMA) under ambient conditions. The H-cell reactor achieved an 80% yield and 50% faradaic efficiency, coupled with hydrogen production.
- DMF is utilized in films, adhesives, and surface coatings, promoting market expansion through a range of industrial uses. The Adhesive and Sealant Council (ASC), a trade group in North America, projects that between 2022 and 2027, the market for adhesives and sealants in North America would expand at a rate of 2.8%.
Dimethylformamide (DMF) News
The report covers the latest developments, updates, and trends impacting the global dimethylformamide (DMF) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in dimethylformamide (DMF) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the dimethylformamide (DMF) price trend.
Latest developments in the dimethylformamide (DMF) industry:
- December 2023: A research team from the University of Science and Technology of China (USTC) developed a copper-iodide hybrid clusters with high solubility in DMF, exceeding 200 mg/mL, and structural stability. DMF enables the creation of low-cost warm-white LED devices with impressive characteristics, including a maximum external quantum efficiency of 19.1 percent, brightness over 40,000 cd m-2, and an operational lifetime surpassing 232 hours (T50@100 cd m-2).
- January 2024: In a recent study by researchers at the University of Miami, DMF was utilized in the creation of a chromium-containing metal organic framework (MOF) called MIL-101(Cr). This MOF, when treated with acetic acid, resulted in a modified version called MIL-101(Cr)-P with larger pores, enhancing its drug-loading capacity and release rate. DMF plays a crucial role in the formation of these structures, contributing to the development of more effective drug delivery systems.
Product Description
Dimethylformamide (DMF) is a colorless organic compound that is miscible with water and the majority of organic solvents, making it a versatile solvent in the chemical industry. It possesses a high boiling point, which enables its use in high-temperature chemical reactions and processes. DMF is characterized by a slight amine odor, indicative of its mild basic properties, allowing it to act as a solvent for a vast range of polar and nonpolar compounds.
DMF exhibits a high dielectric constant, contributing to its effectiveness in dissolving a wide array of substances. In chemical synthesis, DMF serves as a reagent and catalyst due to its ability to facilitate reactions by dissolving both electrophiles and nucleophiles. The compound’s miscibility with water extends its utility in processes requiring mixed solvent systems.
Regional Coverage
The report provides a detailed analysis of the dimethylformamide (DMF) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the dimethylformamide (DMF) price trend.
Global Dimethylformamide (DMF) Price
The report offers a holistic view of the global dimethylformamide (DMF) pricing trends in the form of dimethylformamide (DMF) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into dimethylformamide (DMF) historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into dimethylformamide (DMF) price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed dimethylformamide (DMF) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Dimethylformamide (DMF) Price
In Europe, the DMF market presented a complex picture in Q4 2023, reflecting mixed but generally positive trends compared to the prior quarter. In Germany, prices rose notably due to escalating raw material costs, particularly methylamine. The market was further complicated by uncertain macroeconomics characterized by fluctuating interest rates and geopolitical concerns, which pressured both demand and industry margins. Although inflation rates moderated, the market dynamics were influenced by substantial supply levels. Prices were partly driven down by China's market actions and an oversupply, which resulted in price reductions despite adequate inventory levels, depicting a volatile but ultimately declining price trend.
This analysis can be extended to include detailed dimethylformamide (DMF) price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Dimethylformamide (DMF) Price
In North America, the DMF market saw a significant rise, influenced by a combination of global market tensions and escalating freight costs. Tensions related to the Panama Canal and issues in the Middle East particularly impacted freight charges, pushing up both production and utility expenses. However, despite these cost increases, the market experienced a downturn by December 2023. This decline was attributed to a drop in the Industrial PMI, coupled with high inventory levels and reduced demand, leading to widespread destocking practices that ultimately softened the market dynamics.
Specific dimethylformamide (DMF) historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Dimethylformamide (DMF) Price
The report explores the dimethylformamide (DMF) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on dimethylformamide (DMF) prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Dimethylformamide (DMF) Price
In the Asia Pacific region, the DMF market faced a downturn in the fourth quarter of 2023, with an oversupply exceeding demand. Stability in December resulted from uninterrupted supply chain operations. Demand was dampened by lowered consumption in the adhesive and textile industries, leading to price pressures from local and overseas markets. The conservative buying behavior, amid a faint market outlook, prompted traders to lower prices to encourage transactions, reflecting muted market dynamics.
This dimethylformamide (DMF) price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Dimethylformamide (DMF) Price
The analysis of dimethylformamide (DMF) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Dimethylformamide (DMF) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Dimethylformamide (DMF) Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
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| Customization Scope | The report can be customized as per the requirements of the customer |
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| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of dimethylformamide (DMF) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting dimethylformamide (DMF) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The dimethylformamide (DMF) price charts ensure our clients remain at the forefront of the industry.
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