Dimethyl Acetamide Prices

Dimethyl Acetamide Prices June 2024

The dimethyl acetamide prices in the China for Q2 2024 reached 1050 USD/MT in June. The region saw a notable price decline, driven by a combination of high inventory levels and restrained demand from various key sectors. Disruptions from adverse weather and geopolitical tensions added to the market’s challenges. The seasonal slowdown during holidays further weighed on trading activities, resulting in a persistently bearish market scenario across the quarter.

Dimethyl Acetamide Prices December 2023

The dimethyl acetamide prices in the China for Q4 2023 reached 1148 USD/MT in December. The market experienced a significant price increase due to a supply shortage and strong demand from industries like textiles and pharmaceuticals. The reduction in production capacity and higher energy costs contributed to the tighter supply, reinforcing a bullish market outlook, and causing traders to slightly raise prices to maintain profitability.

Regional Coverage

The report provides a detailed analysis of the dimethyl acetamide 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 dimethyl acetamide price trend.

Global Dimethyl Acetamide Price

The report offers a holistic view of the global dimethyl acetamide pricing trends in the form of dimethyl acetamide 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 dimethyl acetamide historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes. 
  
The report also delves into dimethyl acetamide 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 dimethyl acetamide 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 Dimethyl Acetamide Price

Q2 2024:

In Europe, the dimethyl acetamide market experienced a complicated landscape as prices continued to decline. Despite efforts from the European Central Bank to improve economic activity via an interest rate cut, demand from the construction sector remained weak, underlining the major economic issues and cautious spending patterns across the continent. High amounts of raw materials added to the downward pressure, as suppliers refrained from increasing manufacturing or engaging in substantial trading due to low consumption rates. Seasonal trends, which often provide a boost to demand, failed to materialize, further exacerbating the bearish market sentiment. Consequently, the market remained under pressure, with key market players focusing on inventory management and loss mitigation strategies in the face of persistently low demand.

Q4 2023:

In Q4 2023, the market in Europe experienced a rise in prices, demonstrating a robust market condition. Rising demand from polymer and textile manufacturers, along with limited supply, caused this surge. While dimethylamine prices contributed to market stability, acetic acid did not show the same trend. Market participants revised their pricing tactics in order to increase their profits. Producers also elevated their production rates in order to meet the rise in demand, guaranteeing a seamless supply chain and restocking depleted inventory.

This analysis can be extended to include detailed dimethyl acetamide price information for a comprehensive list of countries.

North America Dimethyl Acetamide Price

Q2 2024:

In the second quarter of 2024, the North American dimethyl acetamide market experienced a consistent decline in prices, largely due to imbalanced supply demand dynamics. Despite rising costs of essential feedstocks like dimethyl amine and acetic acid, an oversupply of dimethyl acetamide and subdued requirement from key sectors, particularly construction, prevented any price increment. Inventory levels remained high, dampening the impact of production cost increases. The construction industry, impacted by inflationary pressures and economic issues, showed restrained activity, further diminishing the demand for dimethyl acetamide. Seasonal factors, which often stabilized or boost prices during this period, were overshadowed by high inventory and sluggish consumption. This led to a persistently bearish market environment, with prices on a steady downward trajectory, reflecting overall cautious sentiment throughout the region.

Q4 2023:

During Q4 2023, there was a significant increase in the price of in the North America market due to high demand from the polymer and textile industries and a restricted supply. Although dimethylamine prices were propped up, acetic acid prices did not increase accordingly. Although upstream conditions varied, dimethylacetamide prices rose overall. This scenario enabled suppliers to increase their prices, maximizing their profits. Numerous purchasers resorted to buying in bulk to balance supply and demand, leading manufacturers to increase production in order to uphold a consistent supply chain and restock exhausted inventories.      
 
Specific dimethyl acetamide historical data within the United States and Canada can also be provided.

Middle East and Africa Dimethyl Acetamide Price

The report explores the dimethyl acetamide 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 dimethyl acetamide prices for countries can also be provided.

Asia Pacific Dimethyl Acetamide Price

Q2 2024:

During the second quarter of 2024, the Asia-Pacific market for dimethyl acetamide was characterized by a steady decrease in prices, shaped by adverse weather, supply chain disruptions, and weak demand from downstream sectors. Severe flooding, especially in southern regions, hampered logistics and dampened demand, particularly within the construction industry, which is a significant consumer of dimethyl acetamide. Production costs remained stable, offering no relief from downward pressure, while competitive dynamics across the region prevented any potential price recovery. China experienced the most pronounced price declines due to a combination of high inventories, moderate demand, and market interruptions caused by geopolitical and natural challenges. Seasonal factors, including holiday slowdowns, also contributed to the downward trend, cementing a negative outlook throughout the quarter.

Q4 2023:

During Q1 2023, the market in Asia Pacific showed a strong upward trend due to tight supply and heightened demand. China, a major market player, witnessed a notable price increase by the quarter end, caused by inadequate product availability and significant demand from industries like pharmaceuticals, textiles, and coatings. Reduced production capacities and rising energy costs further strained supply, intensifying the market’s bullish stance. In response, traders adjusted their pricing slightly upwards to enhance profit margins, highlighting the ongoing supply-demand imbalance in the region.   

This dimethyl acetamide price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Dimethyl Acetamide Price

The analysis of dimethyl acetamide 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.

Dimethyl Acetamide Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Dimethyl Acetamide Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of dimethyl acetamide 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 dimethyl acetamide at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of dimethyl acetamide price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing dimethyl acetamide 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.

Dimethyl Acetamide Market Analysis

The global dimethyl acetamide market size reached US$ 111.4 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 136.5 Million, at a projected CAGR of 2.30% during 2023-2032.

• The market is primarily driven by DMAc’s critical role in manufacturing plastics and films, particularly those requiring a solvent that can dissolve components to form a uniform solution. This application highlights its importance in creating diverse plastic products with specific properties and applications.
• The widespread product employment in the production of pesticides and herbicides owing to its solvent capabilities, enabling the formulation of effective agricultural chemicals is strengthening the market growth. Its use ensures these products maintain their potency and efficacy, supporting agricultural productivity and pest management strategies.
• Moreover, DMAc is also utilized in gas separation processes due to its ability to dissolve certain gases while leaving others unaffected. This feature is valuable in industries requiring the purification or separation of gas mixtures, such as in manufacturing and environmental management.
• The surging product utilization in the production of electronic components, as a solvent for various polymers and resins is impelling the market growth. Its application ensures the precise fabrication of components, including circuits and displays, which are integral to the functionality of electronic devices.
• DMAc is also involved in formulating paints and coatings, where its solvent properties help achieve the desired consistency and performance characteristics, creating a positive outlook for market expansion. This use highlights its role in the production of products that provide protection and aesthetics to surfaces.
• Along with this, DMAc also finds applications in the production of inks for printing and writing to dissolve dyes and control the viscosity of the final product, ensuring inks have the proper flow properties and color intensity for various applications. This is acting as another significant growth-inducing factor.
• Additionally, the increasing demand from the cosmetic industry, where DMAc acts as a solvent in the formulation of skin care products is aiding in market expansion. Its ability to dissolve a wide range of ingredients helps in creating formulations that are effective and safe for consumer use.
• The rising use of DMAc in formulating industrial cleaning agents, where its solvency properties aid in removing grease, oil, and other stubborn residues is presenting lucrative opportunities for market expansion. Its effectiveness ensures clean and well-maintained equipment and surfaces in industrial settings.
• Apart from this, the expanding product employment in leather production, assisting in the application of treatments and dyes, thereby facilitating uniform absorption and enhancing the quality of the finished product is propelling the market forward.

Dimethyl Acetamide News

The report covers the latest developments, updates, and trends impacting the global dimethyl acetamide 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 dimethyl acetamide production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the dimethyl acetamide price trend.

Latest developments in the dimethyl acetamide industry:

• In November 2023, BASF revealed its intent to expand its defoamer capacity at its Dilovasi plant in Turkey to meet growing demand for Foamaster and Foamstar products. The addition of a new production line will reduce lead times for customers and contribute to cutting transportation emissions.

Product Description

Dimethyl Acetamide (DMAc) is a chemical compound known for its clear, colorless appearance and slightly ammonia-like odor. It is categorized as an amide solvent and is distinguished by its high solvency power and ability to dissolve a wide range of chemicals, making it highly valuable in various industrial applications. Through its strong solubility quality, DMAc is often used as a solvent in the production of pharmaceuticals, plastics, and fibers, especially where high dissolution capacity is required.

The versatility of dimethyl acetamide finds applications across numerous industries. It is employed as a solvent in the pharmaceutical industry to produce drugs and in the manufacture of synthetic fibers, plastics, and films.

Additionally, DMAc plays a critical role in the petrochemical industry for extracting and purifying gases. Its exceptional solvency capabilities make it indispensable in the production of pesticides, herbicides, and various other chemical synthesis processes.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of dimethyl acetamide 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 dimethyl acetamide 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 dimethyl acetamide price charts ensure our clients remain at the forefront of the industry.