DiMethyl Sulfoxide (DMSO) Market

By Grade;

Pharmaceutical Grade, Industrial Grade and Electronic Grade

By Application;

Pharmaceuticals, Chemicals & Agrochemicals, Electronics, Paints & Coatings, Polymer Processing and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn354261160 Published Date: September, 2025 Updated Date: October, 2025

DiMethyl Sulfoxide (DMSO) Market Overview

DiMethyl Sulfoxide (DMSO) Market (USD Million)

DiMethyl Sulfoxide (DMSO) Market was valued at USD 235.47 million in the year 2024. The size of this market is expected to increase to USD 335.77 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.2%.


DiMethyl Sulfoxide (DMSO) Market

*Market size in USD million

CAGR 5.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)5.2 %
Market Size (2024)USD 235.47 Million
Market Size (2031)USD 335.77 Million
Market ConcentrationMedium
Report Pages397
235.47
2024
335.77
2031

Major Players

  • Arkema Group
  • Toray Fine Chemicals Co. Ltd
  • Hubei Xingfa Chemicals Group
  • Parchem Fine & Specialty Chemicals
  • others

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

DiMethyl Sulfoxide (DMSO) Market

Fragmented - Highly competitive market without dominant players


The DiMethyl Sulfoxide (DMSO) market has gained significant traction as it is widely recognized for its unique solvent properties and diverse industrial applications. Known for its ability to dissolve both polar and non-polar compounds, DMSO is utilized in pharmaceuticals, agrochemicals, and electronics. With over 60% of demand driven by pharmaceutical applications, the market continues to expand as researchers explore its potential in advanced drug delivery and cell preservation technologies.

Industrial and Chemical Usage
Beyond healthcare, the chemical and industrial sectors account for nearly 30% of total usage, particularly in the production of polymers, coatings, and agrochemicals. Its application as a reaction medium and cleaning agent has increased by over 20% in the last decade, reflecting the compound’s versatility. This wide range of usage across industries makes DMSO a critical chemical in modern manufacturing processes.

Research and Innovation Trends
Innovation in life sciences and biotechnology has fueled further demand for DMSO. Around 25% of ongoing biopharma research projects integrate DMSO for cryopreservation and compound screening. Its ability to stabilize biological samples has made it indispensable in laboratory settings, while continued advancements in biological storage solutions are projected to further boost adoption.

Future Market Outlook
The DMSO market is witnessing steady growth, supported by rising investments in healthcare and industrial innovations. With more than 50% of researchers citing DMSO as essential for laboratory applications, its demand is expected to sustain momentum. Furthermore, the ongoing exploration of new therapeutic uses and increased focus on sustainable chemical solutions are set to create new opportunities, reinforcing its long-term importance across multiple industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Grade
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. DiMethyl Sulfoxide (DMSO) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Pharmaceutical advancements and chemical synthesis
        2. Healthcare advancements
      2. Restraints
        1. Limited awareness and adoption
        2. Competition from alternatives
      3. Opportunities
        1. Biopharmaceutical applications
        2. Development of novel applications
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. DiMethyl Sulfoxide (DMSO) Market, By Grade, 2021 - 2031 (USD Million)
      1. Pharmaceutical Grade
      2. Industrial Grade
      3. Electronic Grade
    2. DiMethyl Sulfoxide (DMSO) Market, By Application, 2021 - 2031 (USD Million)
      1. Pharmaceuticals
      2. Chemicals & Agrochemicals
      3. Electronics
      4. Paints & Coatings
      5. Polymer Processing
      6. Others
    3. DiMethyl Sulfoxide (DMSO) Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Hubei Xingfa Chemicals Group
      2. Gaylord Chemical Corporation
      3. Arkema Group
      4. Toray Fine Chemicals Co., Ltd.
      5. Sigma-Aldrich (Merck KGaA)
      6. Parchem Fine & Specialty Chemicals
      7. Zhuzhou Hansen Chemicals
      8. Yankuang Lunan Chemicals
      9. Xinjiang Guanghui Luyou Sulfur Chemical Co.
      10. Huangshi Hengchang Chemical
      11. Rimax Group
      12. Sion Biotext
      13. Pharma Waldhof GmbH
      14. Phytolab GmbH & Co. KG
      15. Belle Chemical
  7. Analyst Views
  8. Future Outlook of the Market