Regional Analysis of Dimethyl Sulfoxide Market Size, Share and Trends, 2031

𝐃𝐢𝐦𝐞𝐭𝐡𝐲𝐥 𝐒𝐮𝐥𝐟𝐨𝐱𝐢𝐝𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝟐𝟎𝟑𝟏

The global dimethyl sulfoxide market was valued at US$ 150.9 Mn in 2021
It is estimated to grow at a CAGR of 5.5% from 2022 to 2031
The global dimethyl sulfoxide market is expected to reach US$ 258.3 Mn by the end of 2031

𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 - https://www.transparencymarketresearch.com/dimethyl-sulfoxide-market.html

𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐨𝐟 𝐃𝐢𝐦𝐞𝐭𝐡𝐲𝐥 𝐒𝐮𝐥𝐟𝐨𝐱𝐢𝐝𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

DMSO is a colorless, polar aprotic solvent that is miscible in numerous solvents as well as water. It is an organosulfur compound that can dissolve polar and nonpolar compounds. The dissolving ability of dimethyl sulfoxide has led to its extensive usage for photoresist cleaning in the electronics industry.
DMSO is a solvent with a wide range of pharmaceutical properties. Hence, it is an important constituent in various pharmaceutical and agrochemical products. Several regulations regarding the usage of DMSO have been relaxed over the last few years. Therefore, the global dimethyl sulfoxide market is anticipated to grow at a rapid pace during the forecast period.
The safety parameter of dimethyl sulfoxide has been frequently questioned. Numerous tests have been conducted over the last few years to clarify doubts. Several countries have relaxed regulations for the usage of dimethyl sulfoxide. Hence, the market is projected to clock a decent growth rate of 5.5% during the forecast period. Rise in demand for dimethyl sulfoxide is prompting manufacturers, such as Hubei Xingfa Chemicals Co. Ltd., to bolster their production capabilities.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77228

𝐓𝐡𝐞𝐫𝐚𝐩𝐞𝐮𝐭𝐢𝐜 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐢𝐞𝐬 𝐨𝐟 𝐃𝐌𝐒𝐎 𝐁𝐞𝐧𝐞𝐟𝐢𝐜𝐢𝐚𝐥 𝐢𝐧 𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥𝐬 𝐭𝐨 𝐏𝐫𝐨𝐩𝐞𝐥 𝐃𝐞𝐦𝐚𝐧𝐝

The pharmaceutical market has witnessed significant growth during the COVID-19 pandemic. Awareness about health and safety has increased, which has fueled the demand for health care products. Various countries have approved the usage of DMSO in pharmaceuticals. DMSO possesses several therapeutic properties. Currently, it is one of the key solvents used in the pharmaceutical industry.
DMSO has myriad applications in pharmaceuticals due to its membrane penetration properties. It is often used as a carrier for drugs. It aids the penetration of drugs into the human skin and enhances the effect of the medication. DMSO can carry the medication that cannot pass cell membranes on its own; hence, it is often used as an ingredient in several anti-bacterial medications. DMSO is also a vital part of antifungal medication formulas used in eye care. It is also used in a few prescription-based skincare products. Several uses of dimethyl sulfoxide are translating into revenue opportunities for manufacturers.
DMSO has strong anti-inflammatory properties and controls inflammation by acting as an antioxidant. It prevents the oxidation of free radicals such as oxygen compounds from biochemical reactions and slows down or halts the process of swelling and inflammation. It is also used in steroids owing to its membrane penetration and anti-inflammatory properties. DMSO has been used as a cryoprotective agent in the preservation of bone marrow and stem cells. This is one of the oldest usages of DMSO. It also possesses antibacterial and analgesic properties that are useful in various pharmaceutical products. Wide spectrum of therapeutic properties possessed by DMSO is increasing its usage in pharmaceuticals. This is estimated to propel the demand for DMSO in the near future, thereby boosting the manufacture of dimethyl sulfoxide for therapeutic applications.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=77228

𝐃𝐢𝐬𝐬𝐨𝐥𝐯𝐢𝐧𝐠 𝐀𝐛𝐢𝐥𝐢𝐭𝐲 𝐨𝐟 𝐃𝐌𝐒𝐎 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐢𝐭𝐬 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

The electronics industry has been growing at a rapid pace over the last few years. Demand for printed circuit boards (PCBs) and other electronics components is rising consistently, as the usage of electronic products is increasing. Various polymers and solvents are employed in the manufacture of microelectronics. DMSO is known as an excellent solvent for commonly used polymers. It also improves the solvency of other solvents used in various industries.
DMSO is used for stripping novolac resist materials that are employed in TFT-LCD displays and PCBs. It is also used in stripping formulations in the manufacture of semiconductors. It removes polyamide films in TFT-LCD color filters and has also been used in the manufacture of lithium-ion batteries.
In 2013, China-based researchers developed a simple and environment-friendly method for waste management of PCBs. PCBs comprise 30% metals and 70% polymers. DMSO is used to dissolve polymers and extract metals from them. The DMSO solution can be recycled and used with very little loss. This is a key benefit of this process. PCBs are essential components of almost every electronic device. DMSO can be used in production and recycling of these electronic components. This is projected to fuel its usage in electronic applications. Manufacturers are diversifying their products for stakeholders in plant cleaning and polymer processing sectors.

𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥 𝐆𝐫𝐚𝐝𝐞 𝐃𝐢𝐦𝐞𝐭𝐡𝐲𝐥 𝐒𝐮𝐥𝐟𝐨𝐱𝐢𝐝𝐞 𝐆𝐚𝐢𝐧𝐢𝐧𝐠 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐜𝐞 𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡 𝐂𝐚𝐫𝐞 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬

In terms of grade, the global dimethyl sulfoxide market has been split into electronics, pharmaceuticals, and industrial. The pharmaceuticals segment held significant share of 48.4% of the global market in 2021. The segment is estimated to advance at a CAGR of 5.4% during the forecast period. This can be attributed to the various therapeutic properties of DMSO such as membrane penetration and anti-inflammation.
DMSO is used in various skincare medications. Manufacturers are increasing their R&D activities to produce liquid dimethyl sulfoxide, which is extensively used as a chemical solvent in order to reduce leakage during the chemotherapy treatment.

𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥 𝐚𝐧𝐝 𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬 𝐭𝐨 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐟𝐨𝐫 𝐌𝐚𝐣𝐨𝐫𝐢𝐭𝐲 𝐨𝐟 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐃𝐌𝐒𝐎

Key application industries for DMSO are pharmaceutical, agrochemical, electronics, and polymer processing. Pharmaceutical was a prominent application segment that held 47% share of the dimethyl sulfoxide market in 2021.
Rise in demand for various pharmaceutical medications is a key factor driving the pharmaceutical application segment. Electronics industry is another key application of DMSO. DMSO is used in the manufacture of electronic components. It is also a part of photoresist strippers due to its ability to dissolve polar and nonpolar compounds. This is encouraging market stakeholders to tap into lucrative opportunities available in the dimethyl sulfoxide market.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=77228

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐨𝐟 𝐆𝐥𝐨𝐛𝐚𝐥 𝐃𝐢𝐦𝐞𝐭𝐡𝐲𝐥 𝐒𝐮𝐥𝐟𝐨𝐱𝐢𝐝𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

In terms of volume, Asia Pacific held prominent share of more than 55% of the global dimethyl sulfoxide market in 2021. This was primarily ascribed to the high demand for DMSO in pharmaceutical and electronics industries in the region. China accounts for almost 50% share of the dimethyl sulfoxide market in Asia Pacific.
North America accounted for 22.5% share of the global market in 2021. Europe held 14.2% share in 2021. Demand for DMSO is high in pharmaceutical and agrochemical industries in both these regions.
Middle East & Africa and Latin America cumulatively constituted about 8% share of the global market in 2021, largely due to the diversification of the agrochemical industry in these regions.

𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐃𝐢𝐦𝐞𝐭𝐡𝐲𝐥 𝐒𝐮𝐥𝐟𝐨𝐱𝐢𝐝𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

The global dimethyl sulfoxide market is consolidated with a small number of players controlling majority of the share. Leading companies are investing significantly in diversification of their production capabilities, primarily due to the increasing demand for DMSO in various industries. Arkema Group, Gaylord Chemical Corporation, Toray Fine Chemicals Co. Ltd., Hubei Xingfa Chemicals Group, Yangmei Fengxi Fertilizer Industry (Group) Co., Ltd, Zhuzhou Hansen Chemicals Co., Ltd., Yankuang Lunan Chemicals, Otto Chemie Pvt. Ltd, Honeywell International Inc., Sigma-Aldrich Co. LLC., Glentham Life Sciences, FENGCHEN GROUP CO., LTD, and Henan GP Chemicals Co., Ltd. are some of the key players operating in the market.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭

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