Dimethyl Sulfoxide (DMSO) Market Poised for Steady Growth by 2031, Industry Trends, Forecasts, and Strategic Outlook for 2025

QY Research has recently published a report, titled "Dimethyl Sulfoxide (DMSO) Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". The global Dimethyl Sulfoxide (DMSO) market is comprehensively analyzed in the report with the main objective of providing accurate market data and useful recommendations to help players to gain strong growth in future. The report is compiled by subject matter experts and experienced market analysts, which makes it highly authentic and reliable. Readers are provided with deep analysis of historical and future market scenarios to get sound understanding of market competition and other important aspects. The report offers exhaustive research on market dynamics, key segments, leading players, and different regional markets. It is a complete package of thorough analysis and research on the global Dimethyl Sulfoxide (DMSO) market.

The global market for Dimethyl Sulfoxide (DMSO) was estimated to be worth US$ 420 million in 2024 and is forecast to a readjusted size of US$ 560 million by 2031 with a CAGR of 4.3% during the forecast period 2025-2031.

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Dimethyl sulfoxide (DMSO) is a polar, aprotic solvent known for its exceptional ability to dissolve both polar and non-polar compounds, making it widely applicable across multiple industries. It is a colorless, odorless liquid with high thermal and chemical stability, and it exhibits low toxicity compared to other industrial solvents. DMSO is also miscible with water and most organic liquids, enhancing its versatility in formulations and reactions. One of its distinguishing characteristics is its capacity to penetrate biological membranes, which is why it has niche applications in pharmaceuticals and biotechnology. In 2024, global production reached approximately 87,023 tons, with an average global market price of around US$4,825 per ton. The combination of high solvency power, biodegradability, and compatibility with diverse materials makes DMSO an essential solvent in pharmaceuticals, electronics, agrochemicals, and polymer processing.

From a market perspective, the growth of DMSO demand is strongly influenced by its role in high-value applications. In the pharmaceutical sector, it is used as a reaction medium, cryoprotectant for cell preservation, and carrier for drug delivery, benefiting from ongoing research in biologics and regenerative medicine. In the electronics industry, DMSO serves as a cleaning and processing solvent for precision components, as well as in the production of high-performance polymers and electronic-grade materials. The agrochemical industry also leverages its solvency properties for pesticide formulation, enabling more efficient active ingredient dispersion. The global DMSO market is also witnessing rising interest from the coatings and adhesives sector, where it aids in dissolving high-molecular-weight resins and enhancing film formation. In recent years, the push for greener, less toxic solvents has further strengthened DMSO's position, given its relatively favorable safety and environmental profile compared to traditional chlorinated solvents.

Looking ahead, the DMSO market is expected to experience steady growth driven by innovation in life sciences, the expansion of semiconductor manufacturing, and the adoption of environmentally conscious industrial practices. Emerging applications in battery electrolytes and advanced composite manufacturing are anticipated to create new demand streams. However, market expansion is moderated by the relatively high production cost of DMSO, which requires sulfur-based feedstocks and sophisticated manufacturing processes. Asia-Pacific, particularly China, is expected to remain the largest producer and consumer due to rapid industrialization, increasing pharmaceutical output, and strong electronics manufacturing capacity. Meanwhile, North America and Europe will continue to prioritize high-purity grades for medical, biotechnological, and specialty chemical applications. Overall, the combination of broad application potential, ongoing material science advancements, and regulatory trends favoring safer solvents will underpin the long-term expansion of the global DMSO market.

The competitive landscape of the global Dimethyl Sulfoxide (DMSO) market is broadly studied in the report with large focus on recent developments, future plans of top players, and key growth strategies adopted by them. The analysts authoring the report have profiled almost every major player of the global Dimethyl Sulfoxide (DMSO) market and thrown light on their crucial business aspects such as production, areas of operation, and product portfolio. All companies analyzed in the report are studied on the basis of vital factors such as market share, market growth, company size, production volume, revenue, and earnings.

Key Players Mentioned in the Global Dimethyl Sulfoxide (DMSO) Market Research Report:

Hubei Xingfa
Gaylord
Toray Fine Chemicals

The report offers great insights into important segments of the global Dimethyl Sulfoxide (DMSO) market while concentrating on their CAGR, market size, market share, and future growth potential. The global Dimethyl Sulfoxide (DMSO) market is mainly segmented according to type of product, application, and region. Each segment in these categories is extensively researched to become familiar with their growth prospects and key trends. Segmental analysis is highly important to identify key growth pockets of a global market. The report provides specific information on the market growth and demand of different products and applications to help players to focus on profitable areas of the global Dimethyl Sulfoxide (DMSO) market.

Details of Dimethyl Sulfoxide (DMSO) Market Segmentation: -

Segment by Type:

Pharmaceutical Grade
Electronic Grade
Industrial Grade

Segment by Application:

Petrochemical Engineering
Pharmaceutical Industrial
Electronic Industrial
Synthetic Fibre
Others

Research Methodology

This report has been compiled using latest primary and secondary research methodologies such as data triangulation, qualitative and quantitative analysis, and top-down and bottom-up approaches. The researchers also referred to reliable secondary sources for collecting important data and statistics. All the findings of the research study have been verified and revalidated with the help of authentic primary sources.

The researchers create a unique model and customize it for each research study. Their market forecasts are based on the industry-best combination of domain expertise, industry knowledge and experience, technological analysis, and economic tools. Technological market models are generally adopted for long-term market forecasting, whereas econometric models are adopted for short-term forecasting. The researchers were provided with advanced analysis tools at the time of the preparation of the report.

Report Objectives

(1) To carefully analyze and estimate the size of the global Dimethyl Sulfoxide (DMSO) market

(2) To clearly segment the global Dimethyl Sulfoxide (DMSO) market and estimate the market size of the segments

(3) To provide details about key strategies adopted by leading players of the global Dimethyl Sulfoxide (DMSO) market

(4) To help readers understand current and future market scenarios

(5) To provide information about latest trends of the global Dimethyl Sulfoxide (DMSO) market and its key segments

(6) To assess the contribution of each region or country to the global Dimethyl Sulfoxide (DMSO) market

(7) To provide information on important drivers, restraints, and opportunities of the global Dimethyl Sulfoxide (DMSO) market

(8) To accurately calculate the market shares of key segments, regions, and companies in the global Dimethyl Sulfoxide (DMSO) market

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Table of Content

"1 Market Overview
1.1 Dimethyl Sulfoxide (DMSO) Product Introduction
1.2 Global Dimethyl Sulfoxide (DMSO) Market Size Forecast
1.2.1 Global Dimethyl Sulfoxide (DMSO) Sales Value (2020-2031)
1.2.2 Global Dimethyl Sulfoxide (DMSO) Sales Volume (2020-2031)
1.2.3 Global Dimethyl Sulfoxide (DMSO) Sales Price (2020-2031)
1.3 Dimethyl Sulfoxide (DMSO) Market Trends & Drivers
1.3.1 Dimethyl Sulfoxide (DMSO) Industry Trends
1.3.2 Dimethyl Sulfoxide (DMSO) Market Drivers & Opportunity
1.3.3 Dimethyl Sulfoxide (DMSO) Market Challenges
1.3.4 Dimethyl Sulfoxide (DMSO) Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Dimethyl Sulfoxide (DMSO) Players Revenue Ranking (2024)
2.2 Global Dimethyl Sulfoxide (DMSO) Revenue by Company (2020-2025)
2.3 Global Dimethyl Sulfoxide (DMSO) Players Sales Volume Ranking (2024)
2.4 Global Dimethyl Sulfoxide (DMSO) Sales Volume by Company Players (2020-2025)
2.5 Global Dimethyl Sulfoxide (DMSO) Average Price by Company (2020-2025)
2.6 Key Manufacturers Dimethyl Sulfoxide (DMSO) Manufacturing Base and Headquarters
2.7 Key Manufacturers Dimethyl Sulfoxide (DMSO) Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Dimethyl Sulfoxide (DMSO)
2.9 Dimethyl Sulfoxide (DMSO) Market Competitive Analysis
2.9.1 Dimethyl Sulfoxide (DMSO) Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Dimethyl Sulfoxide (DMSO) Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Dimethyl Sulfoxide (DMSO) as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Pharmaceutical Grade
3.1.2 Electronic Grade
3.1.3 Industrial Grade
3.2 Global Dimethyl Sulfoxide (DMSO) Sales Value by Type
3.2.1 Global Dimethyl Sulfoxide (DMSO) Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Dimethyl Sulfoxide (DMSO) Sales Value, by Type (2020-2031)
3.2.3 Global Dimethyl Sulfoxide (DMSO) Sales Value, by Type (%) (2020-2031)
3.3 Global Dimethyl Sulfoxide (DMSO) Sales Volume by Type
3.3.1 Global Dimethyl Sulfoxide (DMSO) Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Dimethyl Sulfoxide (DMSO) Sales Volume, by Type (2020-2031)
3.3.3 Global Dimethyl Sulfoxide (DMSO) Sales Volume, by Type (%) (2020-2031)
3.4 Global Dimethyl Sulfoxide (DMSO) Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Petrochemical Engineering
4.1.2 Pharmaceutical Industrial
4.1.3 Electronic Industrial
4.1.4 Synthetic Fibre
4.1.5 Others
4.2 Global Dimethyl Sulfoxide (DMSO) Sales Value by Application
4.2.1 Global Dimethyl Sulfoxide (DMSO) Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Dimethyl Sulfoxide (DMSO) Sales Value, by Application (2020-2031)
4.2.3 Global Dimethyl Sulfoxide (DMSO) Sales Value, by Application (%) (2020-2031)
4.3 Global Dimethyl Sulfoxide (DMSO) Sales Volume by Application
4.3.1 Global Dimethyl Sulfoxide (DMSO) Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Dimethyl Sulfoxide (DMSO) Sales Volume, by Application (2020-2031)
4.3.3 Global Dimethyl Sulfoxide (DMSO) Sales Volume, by Application (%) (2020-2031)
4.4 Global Dimethyl Sulfoxide (DMSO) Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Dimethyl Sulfoxide (DMSO) Sales Value by Region
5.1.1 Global Dimethyl Sulfoxide (DMSO) Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Dimethyl Sulfoxide (DMSO) Sales Value by Region (2020-2025)
5.1.3 Global Dimethyl Sulfoxide (DMSO) Sales Value by Region (2026-2031)
5.1.4 Global Dimethyl Sulfoxide (DMSO) Sales Value by Region (%), (2020-2031)
5.2 Global Dimethyl Sulfoxide (DMSO) Sales Volume by Region
5.2.1 Global Dimethyl Sulfoxide (DMSO) Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Dimethyl Sulfoxide (DMSO) Sales Volume by Region (2020-2025)
5.2.3 Global Dimethyl Sulfoxide (DMSO) Sales Volume by Region (2026-2031)
5.2.4 Global Dimethyl Sulfoxide (DMSO) Sales Volume by Region (%), (2020-2031)
5.3 Global Dimethyl Sulfoxide (DMSO) Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Dimethyl Sulfoxide (DMSO) Sales Value, 2020-2031
5.4.2 North America Dimethyl Sulfoxide (DMSO) Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Dimethyl Sulfoxide (DMSO) Sales Value, 2020-2031
5.5.2 Europe Dimethyl Sulfoxide (DMSO) Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Dimethyl Sulfoxide (DMSO) Sales Value, 2020-2031
5.6.2 Asia Pacific Dimethyl Sulfoxide (DMSO) Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Dimethyl Sulfoxide (DMSO) Sales Value, 2020-2031
5.7.2 South America Dimethyl Sulfoxide (DMSO) Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Dimethyl Sulfoxide (DMSO) Sales Value, 2020-2031
5.8.2 Middle East & Africa Dimethyl Sulfoxide (DMSO) Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Dimethyl Sulfoxide (DMSO) Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Dimethyl Sulfoxide (DMSO) Sales Value and Sales Volume
6.2.1 Key Countries/Regions Dimethyl Sulfoxide (DMSO) Sales Value, 2020-2031
6.2.2 Key Countries/Regions Dimethyl Sulfoxide (DMSO) Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Dimethyl Sulfoxide (DMSO) Sales Value, 2020-2031
6.3.2 United States Dimethyl Sulfoxide (DMSO) Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Dimethyl Sulfoxide (DMSO) Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Dimethyl Sulfoxide (DMSO) Sales Value, 2020-2031
6.4.2 Europe Dimethyl Sulfoxide (DMSO) Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Dimethyl Sulfoxide (DMSO) Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Dimethyl Sulfoxide (DMSO) Sales Value, 2020-2031
6.5.2 China Dimethyl Sulfoxide (DMSO) Sales Value by Type (%), 2024 VS 2031
6.5.3 China Dimethyl Sulfoxide (DMSO) Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Dimethyl Sulfoxide (DMSO) Sales Value, 2020-2031
6.6.2 Japan Dimethyl Sulfoxide (DMSO) Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Dimethyl Sulfoxide (DMSO) Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Dimethyl Sulfoxide (DMSO) Sales Value, 2020-2031
6.7.2 South Korea Dimethyl Sulfoxide (DMSO) Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Dimethyl Sulfoxide (DMSO) Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Dimethyl Sulfoxide (DMSO) Sales Value, 2020-2031
6.8.2 Southeast Asia Dimethyl Sulfoxide (DMSO) Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Dimethyl Sulfoxide (DMSO) Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Dimethyl Sulfoxide (DMSO) Sales Value, 2020-2031
6.9.2 India Dimethyl Sulfoxide (DMSO) Sales Value by Type (%), 2024 VS 2031
6.9.3 India Dimethyl Sulfoxide (DMSO) Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Hubei Xingfa
7.1.1 Hubei Xingfa Company Information
7.1.2 Hubei Xingfa Introduction and Business Overview
7.1.3 Hubei Xingfa Dimethyl Sulfoxide (DMSO) Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Hubei Xingfa Dimethyl Sulfoxide (DMSO) Product Offerings
7.1.5 Hubei Xingfa Recent Development
7.2 Gaylord
7.2.1 Gaylord Company Information
7.2.2 Gaylord Introduction and Business Overview
7.2.3 Gaylord Dimethyl Sulfoxide (DMSO) Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Gaylord Dimethyl Sulfoxide (DMSO) Product Offerings
7.2.5 Gaylord Recent Development
7.3 Toray Fine Chemicals
7.3.1 Toray Fine Chemicals Company Information
7.3.2 Toray Fine Chemicals Introduction and Business Overview
7.3.3 Toray Fine Chemicals Dimethyl Sulfoxide (DMSO) Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Toray Fine Chemicals Dimethyl Sulfoxide (DMSO) Product Offerings
7.3.5 Toray Fine Chemicals Recent Development
8 Industry Chain Analysis
8.1 Dimethyl Sulfoxide (DMSO) Industrial Chain
8.2 Dimethyl Sulfoxide (DMSO) Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Dimethyl Sulfoxide (DMSO) Sales Model
8.5.2 Sales Channel
8.5.3 Dimethyl Sulfoxide (DMSO) Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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