N-Vinylformamide Market Growth By 2030 | Dia-Nitrix Co., Ltd. (Japan), Solenis LLC (US), Mitsubishi Rayon Company, Ltd. (Japan
Market Analysis
The
global n-vinylformamide market is predicted to grow at a healthy CAGR between
2016- 2023, reveals the new Market Research Future (MRFR) report.
N-vinylformamide (C 3 H 5 NO) is a water-soluble polymer. It is colorless and
easily dissolves in popular solvents like chloroform, methanol, and ethanol.
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 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-vinylformamide 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.
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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Market
Segmentation
The MRFR report
offers a complete segmental analysis of the global n-vinylformamide market
based on end use and application.
By application, the
n-vinylformamide 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-vinylformamide is used in water treatment.
By end user, the
n-vinylformamide market is segmented into personal care, packaging, energy and
resources, paper, and others.
Regional
Analysis
Based on the region,
the global n-vinylformamide 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-vinylformamide market in North America is predicted to have healthy growth
over the forecast period for the increasing use in cosmetic, paper, and other
industries. This region is likely to develop at a 6.1% CAGR. N-vinylformamide
is widely used in adhesive industries, paper, paint and coating, and water
treatment, among others.
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The global
n-vinylformamide market 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-vinylformamide 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.
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