The dimethylformamide market is projected to register a CAGR of around 6% during the forecast period.
In 2020, COVID-19 had a detrimental effect on the market.Owing to the pandemic scenarios, several countries around the world went into lockdown to curb the spreading of the virus. The demand for dimethylformamide from various applications, such as chemical processing, solvents, and textiles, was severely affected due to a halt in various industries, such as construction, electrical and electronics, and others. However, the condition recovered in 2021, thereby benefiting the growth of the market studied over the forecast period.
The dimethylformamide market is partially consolidated in nature, with a few major players dominating a significant portion of the market. Some of the major companies are BASF SE, Eastman Chemical Company, Merck KGaA, Belle Chemical, and HELM AG, among others.
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