Global DiMethyl Sulfoxide (DMSO) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Materials;

Black Liquor, Sulphur, Raw Cotton, and Lignin.

By Application;

Pharmaceuticals, Agrochemicals, Electronics, Fine Chemicals, Coatings, and Cleaning applications.

By Geography;

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

Introduction

Global DiMethyl Sulfoxide (DMSO) Market (USD Million), 2021 - 2031

In the year 2024, the Global DiMethyl Sulfoxide (DMSO) Market was valued at USD 235.47 million. 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%.

The Dimethyl Sulfoxide (DMSO) market encompasses the global industry involved in the production, distribution, and utilization of DMSO, an organic compound with diverse applications. Chemically represented as (CH3)2SO, DMSO is a colorless liquid known for its high polarity and exceptional solvent properties, making it valuable across various industries including pharmaceuticals, research, and manufacturing.

In the pharmaceutical industry, DMSO is a critical solvent in drug formulations. Its unique ability to penetrate biological membranes enhances drug delivery through the skin and accelerates absorption rates. This makes DMSO integral to topical analgesics, anti-inflammatories, and various therapeutic products.

Beyond pharmaceuticals, DMSO plays a significant role in chemical synthesis. It is employed in the creation of polymers, electronic materials, and agrochemicals due to its effectiveness as a solvent and reaction medium. DMSO’s versatile properties support a wide range of chemical processes, fostering innovation across multiple sectors.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Materials
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global 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. Global DiMethyl Sulfoxide (DMSO) Market, By Materials, 2021 - 2031 (USD Million)
      1. Black Liquor
      2. Sulphur
      3. Raw Cotton
      4. Lignin
    2. Global DiMethyl Sulfoxide (DMSO) Market, By Application, 2021 - 2031 (USD Million)
      1. Pharmaceuticals
      2. Agrochemicals
      3. Electronics
      4. Fine Chemicals
      5. Coatings
      6. Cleaning applications
    3. Global 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. Arkema Group
      2. Toray Fine Chemicals Co. Ltd
      3. Hubei Xingfa Chemicals Group
      4. Parchem Fine & Specialty Chemicals
      5. others.
  7. Analyst Views
  8. Future Outlook of the Market