dismay vs demoralize

dismay is a noun but demoralize is not a noun.

Word	Noun	Adjective	Verb	Adverb
dismay	Yes	No	Yes	No
demoralize	No	No	Yes	No

As verbs, dismay and demoralize are synonyms defined as:

Other synonyms of dismay include cast down, deject, demoralise, depress, dispirit, get down.

dismay (noun)	demoralize (noun)
fear resulting from the awareness of danger
the feeling of despair in the face of obstacles

dismay (verb)	demoralize (verb)
fill with apprehension or alarm; cause to be unpleasantly surprised	confuse or put into disorder
lower someone's spirits; make downhearted	lower someone's spirits; make downhearted
	corrupt morally or by intemperance or sensuality