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.
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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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.
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.