Dimethylformamide (DMF) price October 2024 and outlook (see chart below)
- North America:US$1.35/KG, -1.5% down
- Europe:US$1.57/KG, -1.9% down
- Northeast Asia:US$0.59/KG, 1.7% up
- India:US$1.53/KG, unchanged
Business Analytiq assumes no responsibility or liability for any errors or omissions in the content of this site. The information contained in this site is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, or timeliness.
Dimethylformamide (DMF) price index
This post is a summary of the Dimethylformamide (DMF) price developments. The price developments of Dimethylformamide (DMF) are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Dimethylformamide (DMF) price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Dimethylformamide (DMF) prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Dimethylformamide (DMF) prices
- Recent price developments of underlying feedstocks which drive the price of Dimethylformamide (DMF)
- Market futures for both cost drives and feedstocks of Dimethylformamide (DMF) prices
- Adjustment of current supply/demand imbalances in the Dimethylformamide (DMF) market
- Longer term trends in likely demand conditions
Further information on the Dimethylformamide (DMF) price index
What is dimethylformamide
Dimethylformamide (DMF) is a clear, colorless liquid with a strong, characteristic odor. It is a widely used solvent in the chemical industry, particularly for the production of plastics, resins, and fibers. DMF is also used as a solvent in the pharmaceutical industry and in the synthesis of organic compounds. It is a highly polar solvent, meaning that it has a high affinity for polar molecules and is able to dissolve a wide range of compounds. However, DMF can be harmful if ingested or inhaled, and it is classified as a hazardous chemical. It should be handled with caution and used in well-ventilated areas.
How is dimethylformamide produced
Dimethylformamide (DMF) is produced through a chemical reaction between dimethyl sulfate and formamide. The reaction typically takes place in the presence of a strong base, such as sodium hydroxide or potassium hydroxide. The reaction can be represented by the following equation:
dimethyl sulfate + formamide + base -> dimethylformamide + salt
The resulting dimethylformamide is then purified by distillation to remove any impurities or byproducts.
Alternatively, DMF can also be produced by the reaction of formic acid and dimethylamine in the presence of a catalyst, such as sulfuric acid or hydrochloric acid. This reaction can be represented by the following equation:
formic acid + dimethylamine + catalyst -> dimethylformamide + water
The resulting DMF is then purified by distillation or other methods to remove impurities.
What is dimethylformamide used for
Dimethylformamide (DMF) is a widely used solvent in the chemical industry, particularly for the production of plastics, resins, and fibers. It is also used as a solvent in the pharmaceutical industry and in the synthesis of organic compounds.
In the production of plastics, DMF is used as a solvent for polyacrylonitrile (PAN), a polymer that is used to make a variety of products including fibers, films, and coatings. DMF is also used as a solvent for the production of resins, such as urea-formaldehyde and melamine-formaldehyde resins, which are used in the production of adhesives, coatings, and molding compounds.
In the pharmaceutical industry, DMF is used as a solvent for the synthesis of active pharmaceutical ingredients (APIs) and intermediates. It is also used as a solvent for the production of tablets and capsules.
In addition to its use as a solvent, DMF is also used as a reagent in the synthesis of a variety of organic compounds, including dyes, pigments, and pharmaceuticals.
It is important to note that DMF can be harmful if ingested or inhaled, and it should be handled with caution and used in well-ventilated areas.
What types of dimethylformamide are there
There are two main types of dimethylformamide (DMF): industrial grade DMF and pharmaceutical grade DMF.
Industrial grade DMF is a lower purity form of DMF that is primarily used as a solvent in the production of plastics, resins, and fibers. It may contain impurities and byproducts from the manufacturing process, and it is not suitable for use in the pharmaceutical industry.
Pharmaceutical grade DMF, on the other hand, is a higher purity form of DMF that meets the stringent quality standards required for use in the pharmaceutical industry. It is used as a solvent for the synthesis of active pharmaceutical ingredients (APIs) and intermediates, and it is also used as a solvent for the production of tablets and capsules.
In addition to these two main types, there are also other grades of DMF available, such as technical grade DMF, which is intermediate in purity between industrial grade and pharmaceutical grade DMF. The specific purity and quality standards of these different grades of DMF can vary depending on the manufacturer and the intended use of the product.
How big is the dimethylformamide market
It is difficult to provide an accurate estimate of the size of the dimethylformamide (DMF) market, as it is a widely used chemical in a variety of industries, and data on its production and consumption is not readily available.
DMF is used as a solvent in the production of plastics, resins, and fibers, and it is also used as a solvent in the pharmaceutical industry and in the synthesis of organic compounds. As such, the demand for DMF is likely influenced by the demand for these products and by the economic conditions in the industries that use it.
According to some estimates, global demand for DMF was around 1.2 million metric tons in 2020, with the Asia-Pacific region being the largest market for DMF, followed by Europe and North America. However, these estimates may vary significantly depending on the source and the methodology used to arrive at them.
According to https://oec.world/ :
Methylamine, di- or trimethylamine, salts are the world’s 3426th most traded product.
In 2020, the top exporters of Methylamine, di- or trimethylamine, salts were Belgium ($42M), Germany ($40.8M), India ($32.7M), United States ($25.9M), and China ($17.9M).
In 2020, the top importers of Methylamine, di- or trimethylamine, salts were India ($32.6M), United Kingdom ($19M), France ($17.7M), Chinese Taipei ($17M), and United States ($14M).
Further information
NEED A QUICK DOWNLOAD?
ACCESS TO OUR FULL DATABASE IS US$399/YEAR, WITH A 30-DAY $30 TRIAL
GET THAT DOWNLOAD IN 3 MINUTES!
BusinessAnalytiq provides a database of hundreds of market & price trend data, as well as online tools to set up benchmarks and leading indicators.
Where does the data come from?
- The source of the data are exclusively public non-confidential sources. We have no access to primary data
- This the index trend of the price trend of the "product category" in general, and not a single specification of the product in particular
- The data is a combination of contract and spot pricing
- Our algorithms are set up to eliminate significant product mix impact on the reported price
- We combine public publications, import/export records, trading prices, company announcements, magazine articles, tweets, and other sources of ad-hoc public information.
- The chart shows the our best approximation of the market trend based on our algorithm interpretation of the signals
- For most indexes we have multiple sources and we focus on using statistically-correlated sources
- As a function of our automation, it is likely that recent trends will be adjusted as we discover more information. So, for example, the price trend for February 2024 will be first calculated in February 2024 and adjusted in March, April and May 2024.
- We will update the data trend as more information becomes available, and this means that recent trends will always be adjusted as we get more data available
- The algorithm will regularly revise our understanding of market trends, and indicated market trends may change
- The data is presented in US$. The UOM of measure is shown in the Index list table
- Our automated software and we do our best to create an accurate representation of the trend
Where does the data NOT come from?
- We do not purchase data from any other source and republish it.
- We will not purchase data from any other source and republish it
- We do not extrapolate trends, even for the forecast. We look for other market signals and leading indicators
What data should our company use?
- If you are making decisions driving significant share of profit, we always recommend that you buy data from the companies who invest in direct primary market access such as ICIS, amongst many others
- Our data, at best, represents an estimate of the market trend based on public information
- We have no direct access to the market, and we do not interview suppliers and customers
- Our automated analysis tools in the online software are set up to combine our data with other sources of data
- We do not recommend that you use our data for direct price mechanisms, as we may change and improve the data trends over time, including historical data
What does the quality indication in the main menu mean?
- Quality level A: Data is from a reliable and confirmed source
- Quality level B: Data is from multiple credible sources and there are no major statistical inconsistencies between them
- Quality level C: Data is from multiple credible sources and there are some statistical inconsistencies between them
- Quality level D: Data is from a single credible source, but we cannot verify the data
- Quality level E: Data is either:
- From a single source, which we consider reliable, but we cannot verify the data.
- From 2 or more sources which have some periods of contradicting trends.
- Quality level F: Data is from a single source which we consider indicatively correct, but the data is anecdotal and we cannot verify the data.
What are the disclaimers?
- We assume no responsibility or liability for any errors or omissions in the content of this site.
- The information is provided on an “as is” basis with no guarantee of completeness, accuracy, usefulness, fitness for purpose or timeliness.
- By their nature, outlooks are always uncertain
How often do we update the data?
- We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
- The data for the current month and recent history are fine-tuned over time.
What are we doing to improve the data?
- We are continually improving our data collection and processing methods
- Pricing data will be updated from time to time as we improve the accuracy
- We are reviewing all data sources in the first half of 2024.
- There will be continuous fine-tuning of the trend and forecast algorithm as part of that.
- The key focus in 2024 is to add many additional indexes
How can i give feedback on the data or request for new indexes
- Feel free to contact us if you have a specific request. You can reach us via the Contact us page