Dimethyl Disulphide (DMDS) Market Poised for Remarkable Growth: Projected to Reach US$ 343.7 Million by 2033

The worldwide sales of dimethyl disulfide have surged in the last few years and are expected to reach US$ 227.8 million in 2023. According to the FMI report, the total Sales of Dimethyl Disulfide are expected to record an average annual growth rate of 4.2%. The market is predicted to grow rapidly throughout the projection period until 2033, concluding at a value of about US$ 343.7 million.

DMDS is a powerful soil fumigant, and insect control agent used worldwide for sustainable and effective agricultural techniques. Farmers favor it because it can inhibit nematodes, insects, and weed seeds while enhancing crop output. DMDS is also frequently utilized in the oil and gas sector, where it helps to increase oil well productivity and improve heavy oil recovery.

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The demand for dimethyl disulfide, however, is growing presently with its growing uses outside of the oil and gas industry and the agricultural sector. This chemical is in high demand, particularly in the pharmaceutical production, due to its function in medication development. It forms a crucial step in the synthesis of active pharmaceutical ingredients (APIs) in the pharmaceutical industry. Due to its adaptability, DMDS is also an essential ingredient in synthesizing antioxidants, contributing to its rising popularity.

Key Takeaways from the Global Dimethyl Disulphide (DMDS) Market Study Report by FMI

The global market is poised to witness an absolute dollar growth of US$ 116 million over the next ten years.
The United States currently holds the top position in the consumption of dimethyl disulfide among all the countries.
In Europe, Germany is the leading producer of dimethyl disulfide solutions, while presently, its consumption is rising fast in the United Kingdom.
Asia Pacific countries, like China and India, are the notable countries with higher anticipated CAGRs through 2033.

Competitive Landscape for the Dimethyl Disulphide (DMDS) Market Players

Arkema, Chevron Phillips, Sigma-Aldrich, IRO Group, Affon Chemical, Uniwin Chemical, Langfang Jinshenghui, Erdos Flourishing Fine Chemical, and Alkyl Amines are some top market players. These leading market players have somewhat consolidated by making investments in research and development to improve product quality and investigate new applications.

The recent intensification of market competition among rivals may be ascribed to the increased use of dimethyl disulfide across several industries. This, in turn, is boosting the commercial opportunities of market participants engaged in its manufacture and supply in local and international markets.

The growth of market participants into new regions has also been assisted by alliances and cooperation with end-user industries, guaranteeing a timely and effective supply.

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Recent Developments by the Dimethyl Disulphide (DMDS) Manufacturing Industries

Chevron Phillips Chemical stated in January 2023 that its dimethyl disulfide (DMDS) production plant in Baytown, Texas, may expand. This expansion by Chevron Phillips Chemical is expected to assist the business in meeting the product's rising demand.

IRO Group announced the introduction of their fresh line of DMDS products having a high degree of purity and no smell for the refining sector in November 2022. This new product line is intended for use in a range of refining processes, including hydrotreating, hydrocracking, and desulfurization.

Key Segments Profiled in the Dimethyl Disulphide (DMDS) Industry Survey Report

By End User:

Petrochemical
Pesticides & Fertilizers
Oil & Gas
Chemicals
Food & Beverages
Other End-user Industries

By Region:

North America
Latin America
Asia Pacific
The Middle East and Africa (MEA)
Europe

Have a Look at Related Research Reports of Chemicals & Materials

Dimethylolpropionic Acid (DMPA) Market: https://www.futuremarketinsights.com/reports/dimethylolpropionic-acid-market

DiMethyl Sulfoxide (DMSO) Market: https://www.futuremarketinsights.com/reports/dimethyl-sulfoxide-dmso-market

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.