Dimethyl sulfoxide or DMSO, a dipolar aprotic solvent with high flash- and boiling-point, possesses outstanding properties of miscibility with polar and non-polar solvents. DMSO is manufactured using black liquor, a byproductof paper mills. DMSO is used in a wide range of applications, such aspharmaceuticals, agrochemicals, and fine chemicals. With ongoing research and development to bolster the use of DMSO in the pharmaceutical sector, it’s expected that global consumption will witness an increase during the forecast period, 2016-2026. Moreover, owing to its nontoxic and biodegradable properties, its use in the agrochemicals sector is also expected towitness steady growth during the forecast period.
DiMethyl Sulfoxide (DMSO) Market: Drivers and Restraints
Growth of agrochemicals sector, as well as demand for environment-friendly and nontoxic solvents is expected to boost the global DMSO market during the forecast period. Even though it’s used as a drug, the FDA (Food and Drug Administration) has limited its use for treating and managing bladder injury only. However, the FDA has recently started trials for use of DMSO for closed head injuries, and it’s expected that increasing pharmaceutical applications will augur well for growth of the DMSO market during the forecast period.
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DiMethyl Sulfoxide (DMSO) MarketSegmentation
The global dimethyl sulfoxide market is segmented on the basis of raw materials, applications, and region.
On the basis of raw materials, the global DiMethyl Sulfoxide market is segmented into:
Based on the applications, the global DiMethyl Sulfoxide market is segmented into:
Dimethyl Sulfoxide Market: Region-wise Outlook
Based on geographic regions, the global DMSO market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. Among the aforementioned regions, North America is the largest consumer of DMSO globally. APEJ is another lucrative market for DMSO, with strong demand from electronics sector in Japan and Korea expected to fuel growth of the region’s DMSO market during the forecast period. The adoption of DMSO in China is gaining traction and further growth is expected during the forecast period. The rest of the regions -- Latin America, Europe and MEA will show slow adoption of DMSO during the forecast period.
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DiMethyl Sulfoxide Market: Key Players
Some of the major players identified in the global DMSO market are Arkema Group, Gaylord Chemical Corporation, Toray Fine Chemicals Co. Ltd., Hubei Xingfa Chemicals Group, Sigma-Aldrich Co. LLC., and Parchem Fine & Specialty Chemicals among others.
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