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The global Dimethyl Sulfoxide (DMSO) market size was valued at USD 236.42 Million in 2022 and will reach USD 348.1 Million in 2028, with a CAGR of 6.66% during 2022-2028.
Dimethyl sulfoxide (DMSO) is an organosulfur compound with the formula (CH3)2SO. This colorless liquid is an important polar aprotic solvent that dissolves both polar and nonpolar compounds and is miscible in a wide range of organic solvents as well as water. It has a relatively high melting point. DMSO has the unusual property that many individuals perceive a garlic-like taste in the mouth after contact with the skin.
Drivers
Dimethyl sulfoxide (DMSO) is an important fine chemical raw material. It can be widely used in petroleum, chemical industry, medicine, electronics, synthetic fibers, plastics, printing and dyeing, pesticides, petroleum processing, organic synthesis and other industries. It can also be used as brake oil, antifreeze liquid, metal degreasing agent, capacitive medium, rare metal extractant and cosmetic additives. Because of its special solvent effect on chemical reaction and its solubility to many substances, it is also called "universal solvent". Especially because of its anti-inflammatory, analgesic, diuretic, sedative and promoting wound healing effect, it has a strong penetration ability to the body and the carrying and synergistic effect of other drugs.
Limitations
Although DMSO has been approved for many uses in dogs and horses, interstitial cystitis remains the only human use approved by the FDA, reflecting concerns about potential toxicity.
The use of DMSO in animals is related to the alteration of their spectacles. This has aroused people's concern about the potential damage of DMSO to human eyes. More research is needed to assess these risks.
Doctors agree to be cautious when using DMSO locally. It can cause dry skin, scales and itching. It may also interact with other drugs. Unhealthy substances may also be absorbed through the skin together with DMSO. It may also cause discoloration and agitation of urine.
Intravenous injection of DMSO may lead to erythrocyte decomposition. This may be a problem for people with certain blood diseases. DMSO may make these situations worse.
Region Overview:
From 2022-2027, China is estimated to witness robust growth prospects.
Company Overview:
Toray Fine Chemicals is one of the major players operating in the Dimethyl Sulfoxide (DMSO) market, holding a share of 27.13% in 2020.
Toray Fine Chemicals
Toray Fine Chemicals Co. Ltd. manufactures fine chemical products. The Company mainly produces and sells polysulfide polymer, medicine intermediate, rubber additives, and chemicals used for electronic materials, as well as dimethyl sulphoxide used for cleaning and releasing agents.
Hubei Xingfa
Hubei Xingfa Chemicals Group Co., Ltd. develops, produces, and sells phosphoric products and fine chemicals primarily in China. The company offers phosphoric products, such as dicalcium phosphate, phosphoric acid, sodium tripolyphosphate, sodium hexametaphosphate, monosodium phosphate, trisodium phosphate food grade, sodium hypophosphite, disodium phosphate food grade, sodium monofluorophosphate, dicalcium phosphate, sodium monofluorophosphate toothpaste grade, tetrapotassium pyrophosphate, tetrasodium pyrophosphate
Segmentation Overview:
As for product types, the Industrial Grade Dimethyl Sulfoxide (DMSO) segment held the largest market share in 2021.
Electronic Grade Dimethyl Sulfoxide (DMSO)
Refers to dimethyl sulfoxide used in the electronics industry, usually for Farad grade, ultra-large capacity capacitors.
Pharmaceutical Grade Dimethyl Sulfoxide (DMSO)
Refers to the use of dimethyl sulfoxide in the pharmaceutical industry, usually as a reaction solvent in the application of pharmaceutical intermediates, also can increase drug absorption and improve efficacy
Industrial Grade Dimethyl Sulfoxide (DMSO)
Refers to the industrial use of dimethyl sulfoxide, widely used as a solvent and reagents, with high selective extraction capacity.
Application Overview:
By application, the Chemical segment occupied the biggest share from 2017 to 2022.
The Dimethyl Sulfoxide (DMSO) market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Dimethyl Sulfoxide (DMSO) market covered in Chapter 4:
Suzhou Coonit Chemical Technology
Gaylord Chemical Corporation
Hubei Xingfa
Shanxi Yangmei Fengxi
Arkema
Yankuang Lunan Chemicals
Toray Fine Chemicals
In Chapter 12 and Chapter 14.1, on the basis of types, the Dimethyl Sulfoxide (DMSO) market from 2018 to 2028 is primarily split into:
Electronic Grade Dimethyl Sulfoxide (DMSO)
Pharmaceutical Grade Dimethyl Sulfoxide (DMSO)
Industrial Grade Dimethyl Sulfoxide (DMSO)
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Dimethyl Sulfoxide (DMSO) market from 2018 to 2028 covers:
Pharmaceutical
Electronic
Chemical
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Dimethyl Sulfoxide (DMSO) market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Dimethyl Sulfoxide (DMSO) market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Dimethyl Sulfoxide (DMSO) industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Dimethyl Sulfoxide (DMSO) industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Dimethyl Sulfoxide (DMSO) market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Dimethyl Sulfoxide (DMSO) market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Dimethyl Sulfoxide (DMSO) market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Dimethyl Sulfoxide (DMSO) market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Dimethyl sulfoxide (DMSO) is an organosulfur compound with the formula (CH3)2SO. This colorless liquid is an important polar aprotic solvent that dissolves both polar and nonpolar compounds and is miscible in a wide range of organic solvents as well as water. It has a relatively high melting point. DMSO has the unusual property that many individuals perceive a garlic-like taste in the mouth after contact with the skin.
Drivers
Dimethyl sulfoxide (DMSO) is an important fine chemical raw material. It can be widely used in petroleum, chemical industry, medicine, electronics, synthetic fibers, plastics, printing and dyeing, pesticides, petroleum processing, organic synthesis and other industries. It can also be used as brake oil, antifreeze liquid, metal degreasing agent, capacitive medium, rare metal extractant and cosmetic additives. Because of its special solvent effect on chemical reaction and its solubility to many substances, it is also called "universal solvent". Especially because of its anti-inflammatory, analgesic, diuretic, sedative and promoting wound healing effect, it has a strong penetration ability to the body and the carrying and synergistic effect of other drugs.
Limitations
Although DMSO has been approved for many uses in dogs and horses, interstitial cystitis remains the only human use approved by the FDA, reflecting concerns about potential toxicity.
The use of DMSO in animals is related to the alteration of their spectacles. This has aroused people's concern about the potential damage of DMSO to human eyes. More research is needed to assess these risks.
Doctors agree to be cautious when using DMSO locally. It can cause dry skin, scales and itching. It may also interact with other drugs. Unhealthy substances may also be absorbed through the skin together with DMSO. It may also cause discoloration and agitation of urine.
Intravenous injection of DMSO may lead to erythrocyte decomposition. This may be a problem for people with certain blood diseases. DMSO may make these situations worse.
Region Overview:
From 2022-2027, China is estimated to witness robust growth prospects.
Company Overview:
Toray Fine Chemicals is one of the major players operating in the Dimethyl Sulfoxide (DMSO) market, holding a share of 27.13% in 2020.
Toray Fine Chemicals
Toray Fine Chemicals Co. Ltd. manufactures fine chemical products. The Company mainly produces and sells polysulfide polymer, medicine intermediate, rubber additives, and chemicals used for electronic materials, as well as dimethyl sulphoxide used for cleaning and releasing agents.
Hubei Xingfa
Hubei Xingfa Chemicals Group Co., Ltd. develops, produces, and sells phosphoric products and fine chemicals primarily in China. The company offers phosphoric products, such as dicalcium phosphate, phosphoric acid, sodium tripolyphosphate, sodium hexametaphosphate, monosodium phosphate, trisodium phosphate food grade, sodium hypophosphite, disodium phosphate food grade, sodium monofluorophosphate, dicalcium phosphate, sodium monofluorophosphate toothpaste grade, tetrapotassium pyrophosphate, tetrasodium pyrophosphate
Segmentation Overview:
As for product types, the Industrial Grade Dimethyl Sulfoxide (DMSO) segment held the largest market share in 2021.
Electronic Grade Dimethyl Sulfoxide (DMSO)
Refers to dimethyl sulfoxide used in the electronics industry, usually for Farad grade, ultra-large capacity capacitors.
Pharmaceutical Grade Dimethyl Sulfoxide (DMSO)
Refers to the use of dimethyl sulfoxide in the pharmaceutical industry, usually as a reaction solvent in the application of pharmaceutical intermediates, also can increase drug absorption and improve efficacy
Industrial Grade Dimethyl Sulfoxide (DMSO)
Refers to the industrial use of dimethyl sulfoxide, widely used as a solvent and reagents, with high selective extraction capacity.
Application Overview:
By application, the Chemical segment occupied the biggest share from 2017 to 2022.
The Dimethyl Sulfoxide (DMSO) market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Dimethyl Sulfoxide (DMSO) market covered in Chapter 4:
Suzhou Coonit Chemical Technology
Gaylord Chemical Corporation
Hubei Xingfa
Shanxi Yangmei Fengxi
Arkema
Yankuang Lunan Chemicals
Toray Fine Chemicals
In Chapter 12 and Chapter 14.1, on the basis of types, the Dimethyl Sulfoxide (DMSO) market from 2018 to 2028 is primarily split into:
Electronic Grade Dimethyl Sulfoxide (DMSO)
Pharmaceutical Grade Dimethyl Sulfoxide (DMSO)
Industrial Grade Dimethyl Sulfoxide (DMSO)
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Dimethyl Sulfoxide (DMSO) market from 2018 to 2028 covers:
Pharmaceutical
Electronic
Chemical
Other
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Dimethyl Sulfoxide (DMSO) market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Dimethyl Sulfoxide (DMSO) market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Dimethyl Sulfoxide (DMSO) industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Dimethyl Sulfoxide (DMSO) industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Dimethyl Sulfoxide (DMSO) market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Dimethyl Sulfoxide (DMSO) market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Dimethyl Sulfoxide (DMSO) market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Dimethyl Sulfoxide (DMSO) market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
