Global Dimethyl Sulfoxide Market Trends and Drivers Total Revenue Will Touch $287.05 Million in 2024

Global Dimethyl Sulfoxide Market Overview

According to Global Market Monitor, the global dimethyl sulfoxide market size will be $287.05 million in 2024 with a CAGR of 6.57%.Dimethyl sulfoxide is an organosulfur compound with the formula (CH3)2SO. This colorless liquid is an important polar aprotic solvent that dissolves both polar and nonpolar compounds and is miscible in a wide range of organic solvents as well as water. It has a relatively high melting point.

Market Drivers

Dimethyl sulfoxide (DMSO) is an important fine chemical raw material. It can be widely used in petroleum, chemical industry, medicine, electronics, synthetic fibers, plastics, printing and dyeing, pesticides, petroleum processing, organic synthesis, and other industries. It can also be used as brake oil, antifreeze liquid, metal degreasing agent, capacitive medium, rare metal extractant, and cosmetic additives. Because of its special solvent effect on chemical reactions and its solubility to many substances, it is also called a "universal solvent". Especially because of its anti-inflammatory, analgesic, diuretic, sedative, and promoting wound healing effect, it has a strong penetration ability to the body and the carrying and synergistic effect of other drugs.

Application Fields

DMSO also plays a very good role in other aspects of the pesticide field. If sprayed directly with 0.05% DMSO solution at the flowering stage of soybean, the yield of crops could be increased by 10%~15%. The formaldehyde vapor dissolved in DMSO could not only greatly reduce the irritation of formaldehyde, but also improve the fumigation bactericidal power of formaldehyde. The development of these new uses is gradually expanding the application scope of DMSO in the field of pesticides. As an important chemical product, dimethyl sulfoxide has many excellent characteristics. Research institutions and production units should strengthen their research in the field of application and constantly expand their scope of application so that they can better serve the pesticide industry.

The integrated circuit industry is the foundation and core of the modern electronic information industry. In the integrated circuit industry, DMSO is mainly used as a cleaning agent for integrated circuits and electronic components. For example, TFT-LCD panel stripping liquid is mainly based on organic solvents, and the main components are DMSO and MEA. In the future, with the continuous vigorous development of emerging application fields such as 5G, the Internet of Things, artificial intelligence, and wearable devices, the demand for DMSO products in the integrated circuit industry will continue to rise.

By Type	Electronic Grade Dimethyl Sulfoxide (DMSO)
	Pharmaceutical Grade Dimethyl Sulfoxide (DMSO)
	Industrial Grade Dimethyl Sulfoxide (DMSO)
	The industrial-grade dimethyl sulfoxide (DMSO) segment holds the largest market share.
By Application	Petrochemical Engineering
	Pharmaceutical Industrial
	Electronic Industrial
	Synthetic Fiber
	Others
	The chemical segment occupies the biggest share.