Dimethyl Sulfoxide Market Analysis By Demand, By Region, By Applications and Forecast Report Till 2032

Dimethyl sulfoxide (DMSO)

Dimethyl sulfoxide (DMSO) is a colourless, organic compound widely used in the pharmaceutical and agriculture industries. It is manufactured from dimethyl sulfide, which is the by product of the Kraft’s process for making paper from wood pulp. Dimethyl sulfoxide is non-toxic and a biodegradable solvent which is used as an alternative to other toxic solvents.

Based on demand by application, the pharmaceutical segment is anticipated to have largest market share. Dimethyl sulfoxide has anti-inflammatory characteristics and is often used in medicines. It is used because of its therapeutic and pharmaceutical properties. Dimethyl sulfoxide is used as anti-inflammatory, local and systemic analgesic, antibacterial, antifungal, antiviral, and membrane penetration enhancement agents. In the agrochemical industry, Dimethyl sulfoxide is used in the manufacture of herbicides, insecticides and helps in effectively improving the reaction rates in the soil. Pharmaceutical and agrochemical markets are recovering after COVID-19 pandemic becuase of the increasing demand for products, manufacturers are planning to expand their Dimethyl sulfoxide capacities. Such factors increase the demand of dimethyl sulfoxide in pharmaceutical application.

Asia Pacific accounted to be the largest market for Dimethyl sulfoxide on the back of strong demand from the pharmaceutical and agrochemicals industry, followed by North America and Western Europe. The growth of the Dimethyl sulfoxide market in the Middle East & Africa and South America region can be because of the growing of the agrochemical industry in these regions.

Top Dimethyl sulfoxide Manufacturers

Benefits of Dimethyl sulfoxide in the pharmaceutical industry

In the pharmaceutical industry, Dimethyl sulfoxide is widely used as it helps medicines penetrate through the skin and can affect proteins, carbohydrates, fats, and water in the body.  It was observed that Dimethyl sulfoxide penetrates the human skin with very little effect on the tissues, which made the solvent a better alternative to oral formulations and injectables. Dimethyl sulfoxide is used in transdermal drug delivery systems (i.e., patches) as it is a beneficial alternative to other pain medications. In 1978, the US Food and Drug Administration approved the use of Dimethyl sulfoxide for the symptomatic relief of chronic interstitial cystitis which is commonly known as the bladder pain syndrome.

Dimethyl sulfoxide is applied on the skin when there is a leakage of intravenous drug form the vein to the surrounding tissue and skin, it is applied to prevent further damage to the skin. It is also used in steroids because of its membrane penetration and anti-inflammatory effects. It is used to preserve bone marrow, stem cells and is used as a cry protective agent. It is often used as a component in a variety of anti-bacterial treatments. These factors are expected to grow the Dimethyl sulfoxide market in the forecast period.

Due to the COVID-19 pandemic, the pharmaceutical industry expanded rapidly. Owing to this, people were more aware of their health and safety which helped in boosting the demand for Dimethyl sulfoxide in the pharmaceutical companies. In several countries, Dimethyl sulfoxide is licensed to be used in the manufacture of medicines.

Dimethyl sulfoxide has anti-inflammatory effects, therefore it is used to decrease inflammation and stop the development of swelling by preventing the oxidation of oxygen molecules produced by the biological processes.

 

Scope of Report 


The Dimethyl Sulfoxide report describes the global Dimethyl Sulfoxide market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)

•  Demand Analysis
•  Demand Composition, by Application
•  Sales & Revenue
•  Pricing Analysis

Country Summaries & Product Review

•  Demand Balance 
•  Dimethyl Sulfoxide Market data in terms of volume and value for each end-use 
   at regional and country level
•  Dimethyl Sulfoxide Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction

      •  Scope
      •  Market Coverage
          -  Applications
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2020
          -  Base - 2022
          -  Forecast Period - 2022 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources

2.  Market Synopsis 

      •  Market Evolution
      •  Demand Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast

3.  Economic & Energy Outlook

      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices

4.  End-use Sector Performance      

      • Agrochemicals
      • Pharmaceutical
      • Others 

5.  Introduction to Dimethyl Sulfoxide and Market Overview 

      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications

6.  Market Dynamics and Industry Trends 

      •  Market Dynamics and COVID-19 Impact
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges

7.  Global Dimethyl Sulfoxide Demand Analysis, By Applications (Volume, Value) (2016–2032) 

      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016 – 2032)
          -  Demand
          Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Dimethyl Sulfoxide Market, By Applications
               Pharmaceutical Intermediate
               Cleaning Solutions
               Paint Stripping
               Polymer Processing
               Others

8.  Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)

      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016-2032)
      •  Demand Growth Rate (%)
      •  Dimethyl Sulfoxide Market, By Applications
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand(consumption) split by applications has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  Rest of Asia-Pacific
      •  Central & South America
         -  Brazil
         -  Argentina
         -  Rest of Central & South America
      •  Middle East & Africa
         -  GCC
         -  South Africa
         -  Iran
         -  Rest of Middle East & Africa
Note: CAGR will be calculated for all the applications to arrive at the regional/global demand growth for the forecast period (2022 – 2032)

9.  Pricing Analysis

10.  Key Strategic Issues and Business Opportunity Assessment 

      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study

11.  Strategic Recommendation & Suggestions

12.  Company Analysis and Market Share Analysis

      • Dimethyl Sulfoxide Manufacturers Profiles/ Company Analysis
         -  Basic Details
         -  Headquarter, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Key Business Strategies adopted and Prismane Consulting Overview
         -  Recent Developments
         -  Companies Covered
             - Gaylord Chemical Corporation
             - Arkema
             - Hubei Xingfa Chemicals Group Co., Ltd.
             - Toray Fine Chemicals
             - Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

13.  Appendices

      •  Demand- Regions
      •  Demand– Countries

Scope of Report 


The Dimethyl Sulfoxide report describes the global Dimethyl Sulfoxide market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)

•  Demand Analysis
•  Demand Composition, by Application
•  Sales & Revenue
•  Pricing Analysis

Country Summaries & Product Review

•  Demand Balance 
•  Dimethyl Sulfoxide Market data in terms of volume and value for each end-use 
   at regional and country level
•  Dimethyl Sulfoxide Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment


Frequently Asked Questions

How big is the dimethyl sulfoxide market?
The dimethyl sulfoxide market is around 150 thousand tons in 2023 and is projected to reach around 240 thousand tons in 2032.