As of August 2024, Dimethyl Acetamide prices are fluctuating, reflecting a 9% increase from the previous month. The Asia Pacific region is the largest consumer of Dimethyl Acetamide, with China leading the market due to high consumer demand and a strong presence of end-use industries.
In Q1, 2024, the dimethyl acetamide market in Asia Pacific saw a sustainable decrease in prices, with a fall of 13%. This is driven by the key factors driving influence increased demand within the pharmaceuticals, agrochemicals, and electronics industries.
However, in Q2,2024, the dimethyl acetamide market in Asia Pacific saw a slight decrease in prices, with a decrease of 7%. This is due to the various economy and market specific factors which also includes feedstock market.
In Q3, 2024, the dimethyl acetamide (DMAC) market is experiencing an upward trend in this period, primarily driven by its applications in the textile sector, particularly in processes such as wet spinning for acrylic fibres. The growing industrial activities worldwide are significant factors contributing to the increasing demand for DMAC.
In Q4, 2024, the price trend for dimethyl acetamide will be shaped by variations in both production levels and demand. These fluctuations will play a key role in determining how DMAC prices move during this period.