Frequently Asked Questions
In 2022, the global N-vinylformamide market is expected to be worth USD 384.9 million.
The N-vinylformamide market is estimated to increase at a CAGR of 6.50% between 2023 and 2030, reaching USD 637.0 Million in 2030.
The coatings industry leads the n-vinylformamide market
The solid sector regulates market demand and has a considerable market share.
High purity is expected to have the greatest compound annual growth rate (CAGR) in the market
North America accounted for 42% of the N-vinylformamide market
The top players include BASF, Dia-Nitrix, Eastman Chemical, Mitsubishi Rayon Company, Ltd., CI (Shanghai) Development Co., Ltd., Santa Cruz Biotechnology, Inc.
The primary drivers of the market are rising demand for polymer and resin applications, a growing emphasis on eco-friendly materials, and increased use in personal care products.
Raw material price volatility, stringent regulations and environmental concerns, and the potential impact of supply chain disruptions are the major challenges confronting the market.
Two market opportunities are research and development for new applications and demand for sustainable and bio-based materials.