Driven by the steady migration from the use of traditional solvents to DMAc in key end-use markets, such as pharmaceutical, pesticide and dyestuff/pigment, the Chinese dimethylacetamide (DMAc) market is projected to reach 17.4 thousand metric tons by the year 2010. As estimated in the year 2008, polyimide films ranks as the largest end-use application market cornering over 46% of the total consumption of DMAc in China.
San Jose, CA (PRWEB) April 21, 2008 -- Rising awareness about the benefits offered by DMAc's is leading to its increased use as a solvent in key end-use markets. Pharmaceutical, paint and coatings, polyimide films and chemical fiber industries, in particular, are expected to offer ample opportunities for growth. The rise in the number of establishments of production units for plastic polyamide films, acrylonitrile spinning, and acrylic fiber across the country, is expected to help expand the consumption of DMAc'. Demand for DMAc in fiber production is largely driven by China's lucrative chemical fibers industry, which produces close to 50% of the fibers demanded by the Asian textile industry. Dimethylacetamide market in China has come a long way from the year 1991, when consumption was estimated at 722.53 metric tons.
As stated by the recent report published by Global Industry Analysts, Inc., pharmaceuticals and pesticides End-use Market holds the highest growth potential with CAGR projected in excess of 14.9% over the period 2011 through 2015. Consumption of DMAc in the polyacrylonitrile fibers end-use market is forecast to reach 8,013 metric tons by the year 2012.
Leading players operating in the industry include Shanghai Jingwei Chemical Co., Shanghai Wellwing Enterprise Inc, Ningbo Yide Fine Chemical Co. Ltd., Realsun Chemical Industry Co. Ltd., Hebei Huaxu Chemical Co. Ltd., Pacific Chemsource Inc., Shanghai Xinhua Chemical Plant, Shanghai Jizhong Chemical Plant, and Taminco NV.
The report titled "Dimethylacetamide: A Chinese Market Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market drivers, trends, issues, and challenges prevalent in the Chinese market. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key end-use application markets. End-use markets analyzed in the report include Polyimide Films, Polyacrylonitrile Fibers, and Pharmaceuticals and Pesticides. Latent demand patterns are quantified across each of the end-use application markets in China. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.
For more details about this research report, please visit
http://www.strategyr.com/Dimethylacetamide_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
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Email press @ StrategyR.com
Web Site www.StrategyR.com
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