Global Dimethyl Sulfoxide (DMSO) Market Growth 2023-2029

Global Dimethyl Sulfoxide (DMSO) Market Growth 2023-2029

Dimethyl sulfoxide (DMSO) is a highly polar and water miscible organic liquid. It is essentially odorless and has a low level of toxicity.

LPI (LP Information)' newest research report, the “Dimethyl Sulfoxide (DMSO) Industry Forecast” looks at past sales and reviews total world Dimethyl Sulfoxide (DMSO) sales in 2022, providing a comprehensive analysis by region and market sector of projected Dimethyl Sulfoxide (DMSO) sales for 2023 through 2029. With Dimethyl Sulfoxide (DMSO) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Dimethyl Sulfoxide (DMSO) industry.

This Insight Report provides a comprehensive analysis of the global Dimethyl Sulfoxide (DMSO) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Dimethyl Sulfoxide (DMSO) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Dimethyl Sulfoxide (DMSO) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Dimethyl Sulfoxide (DMSO) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Dimethyl Sulfoxide (DMSO).

The global Dimethyl Sulfoxide (DMSO) market size is projected to grow from US$ 202.5 million in 2022 to US$ 269.2 million in 2029; it is expected to grow at a CAGR of 269.2 from 2023 to 2029.

Global Dimethyl Sulfoxide (DMSO) key players include Hubei Xingfa, Gaylord, Toray Fine Chemicals, etc. Global top three manufacturers hold a share over 75%.

China is the largest market, with a share over 55%, followed by USA, and Japan, both have a share about 40 percent.

In terms of product, Industrial grade is the largest segment, with a share nearly 45%. And in terms of application, the largest application is Chemical Industrial, followed by Pharmaceutical Industrial, Electronic Industrial, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Dimethyl Sulfoxide (DMSO) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Pharmaceutical Grade

Electronic Grade

Industrial Grade

Segmentation by application

Petrochemical Engineering

Pharmaceutical Industrial

Electronic Industrial

Synthetic Fibre


This report also splits the market by region:


United States








Southeast Asia









Middle East & Africa


South Africa



GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Hubei Xingfa


Toray Fine Chemicals


Yankuang Lunan Chemicals

Zhuzhou Hansen

Xinjiang Guanghui Luyou sulfur Chemical Co., Ltd

Zhuzhou Hansen Chemicals Co., Ltd

Key Questions Addressed in this Report

What is the 10-year outlook for the global Dimethyl Sulfoxide (DMSO) market?

What factors are driving Dimethyl Sulfoxide (DMSO) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Dimethyl Sulfoxide (DMSO) market opportunities vary by end market size?

How does Dimethyl Sulfoxide (DMSO) break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.

*This is a tentative TOC and the final deliverable is subject to change.*
1 Scope of the Report
2 Executive Summary
3 Global Dimethyl Sulfoxide (DMSO) by Company
4 World Historic Review for Dimethyl Sulfoxide (DMSO) by Geographic Region
5 Americas
7 Europe
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Manufacturing Cost Structure Analysis
11 Marketing, Distributors and Customer
12 World Forecast Review for Dimethyl Sulfoxide (DMSO) by Geographic Region
13 Key Players Analysis
14 Research Findings and Conclusion

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