N-Vinylformamide Market 2023, Top Manufactures Analysis, Industry, Demand and Forecast 2030
The N-Vinylformamide Market is further estimated to stand at a fixed share of $584.15 million during the projected forecast period of 2019–2028
Besides, it is a precursor to amide and amine functional polymers as well as other functional polymers, monomers, and oligomers. It has excellent physical and toxicological properties. Owing to its high molecular weight coupled with structural similarity to PNVF, it has turned into a potential drag-reducing agent. Its efficiency is closely associated with chemical/physical characteristics, rheology, and flow conditions of polymers. Based on its excellent properties, N-Vinylformamide Market has wide applications in different end-use industries such as paints and coatings, petroleum recovery, adhesives, water treatment, and others.
Various factors are adding to the global n-vinyl formamide market share. These factors, as per the new MRFR report, include increasing use in various end use industries such as petroleum products recovery, adhesives industry, paints and coatings industry, water treatment, and pulp & paper industry, increasing use to improve the performance and appearance of printed paper & board, demand for recycled fibers, less refinement and easy availability, eco-friendly nature, low cost, and technological advancements.
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Market Segmentation
The MRFR report offers a complete segmental analysis of the global n-vinyl formamide market based on end use and application.
By application, the n-vinyl formamide market is segmented into paints and coatings, petroleum recovery, adhesives, water treatment, and others. Of these, water treatment will have a major share in the market over the forecast period. Owing to its ease of use, low dosage requirement, natural inertness to Ph, high water solubility, and low toxicity, n-vinyl formamide is used in water treatment.
By end user, the n-vinyl formamide market is segmented into personal care, packaging, energy and resources, paper, and others.
Regional Analysis
Based on the region, the global n-vinyl formamide market covers the growth opportunities and recent trends across Europe, the Americas, the Asia Pacific (APAC), and the Middle East & Africa. Of these, the APAC region will lead the market over the forecast period for increasing use in the paper industry, and demand for eco-friendly packaging and products. Thailand, China, and India are the key contributors in the region for the growing demand for the paper industry.
The global n-vinyl formamide market in North America is predicted to have healthy growth over the forecast period for the increasing use in cosmetics, paper, and other industries. This region is likely to develop at a 6.1% CAGR. N-vinyl formamide is widely used in adhesive industries, paper, paint and coating, and water treatment, among others.
The global n-vinyl formamide Industry Insights in Europe is predicted to have third-largest share over the forecast period for its increasing use in the paint and coating, water treatment, and paper industries. Europe is the hub to the world’s largest personal care and cosmetics market, which is also adding market growth.
The global n-vinyl formamide market in Latin America and the MEA is predicted to have a steady growth over the forecast period. Factors boosting the market growth include industry penetration, low technological advancement, and use in different applications such as petroleum recovery, adhesives, water treatment, and others.
Key Players
Eminent players profiled in the global N-Vinylformamide market report include Eastman Chemical Company (US), Dia-Nitrix Co., Ltd. (Japan), Solenis LLC (US), Mitsubishi Rayon Company, Ltd. (Japan), TCI (Shanghai) Development Co., Ltd. (China), Santa Cruz Biotechnology, Inc. (US), and BASF SE (Germany). Industry players have used strategies such as extensive research and development activities, strategic alliances, mergers, acquisitions, partnerships, contracts, and new product launches to stay ahead in the competition.
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