Pune, India -- (SBWIRE) -- 04/25/2018 -- Dimethylacetamide Market – Overview

Dimethylacetamide or N,N-Dimethylacetamide possess excellent properties and are predominantly utilized in number of end use industries such as agrochemicals, textiles, leather, pharmaceuticals, dye & coatings, and others. Dimethylacetamide market is expected to witness modest growth owing to their wide range of application usage specifically such as pesticides, acrylic fiber, intermediate, catalyst, and synthetic resins. On the basis of the end use industries segment, pharmaceutical is estimated to lead the market share followed by agrochemicals due to increasing per capita disposable income coupled with growing awareness along with expanding medical & healthcare sector in developed and developing countries across the globe. Moreover, increasing population along with burgeoning need of good quality food has raised the dimethylacetamide based pesticide which in turn is estimated to propel the growth of the market over the forecast year.

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Geographically, Asia Pacific accounted for the leading market share for dimethylacetamide in 2016, followed by North America and Europe. The North American dimethylacetamide market is expected to witness moderate growth with a steady CAGR over the forecast period on account of strong growth of pharmaceutical as well as textile industry in this region. In North America, the market is further categorized into Canada and the U.S., among them the U.S. is expected to hold for more than 82% of the total regional market share of dimethylacetamide on account of shifting consumer preference to adopt latest fashion trends along with expanding textile industry in this region. Asia Pacific is predicted to witness excellent growth over the estimated period in dimethylacetamide market during 2017 to 2022. The demand for dimethylacetamide is anticipated to raise in various economies of Asia Pacific such as India, Malaysia, Thailand, the Philippines, Japan, Taiwan, China, Singapore, Australia, and South Korea owing to rising population combined with shifting of production facilities for most of the prominent market players in this region. In Europe, dimethylacetamide market is estimated to register significant growth on account of shifting farmers preference towards the dimethylacetamide based fertilizer products coupled with the strong presence of agrochemical manufacturers specifically in Hungary, Belgium, Germany, Spain, Italy, U.K., France, and Russia. In addition, various countries of Latin America and the Middle East & Africa are predicted to witness significant growth in dimethylacetamide owing to rising per capita disposable income along with growing sales of leather products specifically in Mexico and Brazil along with strong consumer base for various leather items specifically in Qatar, Saudi Arabia, Kuwait, and the UAE.

Industry/ Innovation/ Related News:

December 2017– AkzoNobel N.V announced to improve an innovation stage for producing ethylene amines and their subordinates obtained from ethylene oxide. The company was planning to start construction of a demonstration plant in 2018 to showcase the competitiveness of the platform. This strategic move will help company to strengthen their product portfolio and enhance company's position among the ethylene amines industry.

Competitive Landscape

The Dimethylacetamide Report has analysed the level of competition among the major manufacturers as well as sector growth and market scenario. The global dimethylacetamide market comprised of a large number of suppliers operating in the market which comprises large scale and medium scale manufacturers. The noticeable manufacturers of Dimethylacetamide and medium level producers which has strong hold in the market have shifted their focus towards growth association specifically by Asia Pacific as small level and medium level suppliers belongs to this region specifically from Taiwan, Singapore, China, South Korea, the Philippines, Australia, Malaysia, Thailand, India, Bangladesh, Indonesia, and Japan. On the other hand, the major manufacturers of Dimethylacetamide are following numerous strategic plans to enhance their product portfolio by set up research and development centres across the various locations in world, strategic acquisition and mergers, joint ventures, product launches, and exclusive agreements. Some of the important players in this market are growing their production capacity of Dimethylacetamide to meet the rising demand for Dimethylacetamide worldwide.

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