Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Dimethyl Sulfoxide (DMSO) Market by Type (Pharmaceutical Grade, Electronic Grade, Industrial Grade), By Application (Pharmaceutical, Electronic, Chemical) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Dimethyl Sulfoxide (DMSO) Market by Type (Pharmaceutical Grade, Electronic Grade, Industrial Grade), By Application (Pharmaceutical, Electronic, Chemical) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 145552 3300 Chemical & Material 377 233 Pages 4.5 (48)

Market Overview:

The global DMSO market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for DMSO in pharmaceutical, electronic, and chemical applications. Pharmaceutical grade is the most popular type of DMSO and is expected to hold a major share of the market during the forecast period. Asia Pacific is projected to be fastest-growing region in terms of CAGR during the forecast period.

Global Dimethyl Sulfoxide (DMSO) Industry Outlook

Product Definition:

Dimethyl sulfoxide, or DMSO, is a colorless liquid with a slightly disagreeable odor. It is used as an industrial solvent and has been investigated as a possible treatment for various medical conditions.

Pharmaceutical Grade:

Pharmaceutical grade is a term used for quality standards of Dimethyl Sulphoxide (DMSO). It’s an organic liquid, colorless and odorless. DMSO is widely used in pharmaceutical applications such as pain management, oncology treatment and inflammation reduction. Pharmaceutical grade DMSO has been approved by the U.S Food & Drug Administration (FDA) for human consumption; it can be sold over the counter like other OTC drugs without prescription.

Electronic Grade:

Electronic grade is a high purity form of the product. It has no impurities and is 99.5% pure which makes it ideal for research & development, production of medical drugs, and other industrial purposes. The product can be further processed to produce pharmaceuticals, chemicals, solvents & inks as well as adhesives & coatings products which make it extremely valuable for DMSO market participants.

Application Insights:

The chemical segment dominated the global DMSO market in terms of revenue share in 2017. The growth can be attributed to extensive usage as a solvent for various chemical processes such as polymerization, acrylates and epoxies. It is also used extensively for cleaning semiconductor equipment which helps remove oxidation from metal surfaces and provides anti-corrosion protection. Furthermore, it finds application as an intermediate in the production of polyurethane foams, adhesives and sealants on account of its excellent properties such as low volatility, high viscosity index and thermal stability.

DMSO is widely utilized for manufacturing pharmaceutical intermediates that are further utilized across several applications including drug formulation (active pharmaceutical ingredients), drug delivery systems (carriers) & excipients, ophthalmic solutions & gels/conjunctival drops/dropshippers among others.

Regional Analysis:

North America was the largest regional market in 2017 owing to high product demand from various end-use industries. The U.S., which is the major consumer, accounted for over 80% of North America market share in 2017 on account of rising research and development activities coupled with increasing R&D spending by pharmaceutical companies. Asia Pacific is expected to be one of the fastest growing regions due to rapid industrialization along with supportive government initiatives aimed at promoting manufacturing output in key economies such as China and India.

The European region also held a significant share followed by North America, owing to presence of a large number of industry players operating within these regions along with well-established distribution channels for DMSO products facilitating easy penetration into end-user markets worldwide.

Growth Factors:

  • Increasing demand for DMSO in the pharmaceutical and biotechnology industries for the manufacture of drugs and other medical products.
  • Growing demand from cosmetics industry for use in skin care products.
  • Rising application of DMSO as a solvent in chemical synthesis and research laboratories.
  • Increasing use of DMSO as an environmentally friendly alternative to traditional solvents such as chloroform, acetone, and methanol .

Scope Of The Report

Report Attributes

Report Details

Report Title

Dimethyl Sulfoxide (DMSO) Market Research Report

By Type

Pharmaceutical Grade, Electronic Grade, Industrial Grade

By Application

Pharmaceutical, Electronic, Chemical

By Companies

Gaylord, Toray Fine Chemicals(TFC), Arkema, Hubei Xingfa, Shanxi Yangmei Fengxi, Yankuang Lunan Chemicals, Zhuzhou Hansen

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Dimethyl Sulfoxide (DMSO) Market Report Segments:

The global Dimethyl Sulfoxide (DMSO) market is segmented on the basis of:


Pharmaceutical Grade, Electronic Grade, Industrial Grade

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Pharmaceutical, Electronic, Chemical

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Gaylord
  2. Toray Fine Chemicals(TFC)
  3. Arkema
  4. Hubei Xingfa
  5. Shanxi Yangmei Fengxi
  6. Yankuang Lunan Chemicals
  7. Zhuzhou Hansen

Global Dimethyl Sulfoxide (DMSO) Market Overview

Highlights of The Dimethyl Sulfoxide (DMSO) Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Pharmaceutical Grade
    2. Electronic Grade
    3. Industrial Grade
  1. By Application:

    1. Pharmaceutical
    2. Electronic
    3. Chemical
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Dimethyl Sulfoxide (DMSO) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Dimethyl Sulfoxide (DMSO) Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Dimethyl sulfoxide is a solvent and cleaning agent. It is also used as an analgesic, anti-inflammatory, and antipyretic.

Some of the major companies in the dimethyl sulfoxide (dmso) market are Gaylord, Toray Fine Chemicals(TFC), Arkema, Hubei Xingfa, Shanxi Yangmei Fengxi, Yankuang Lunan Chemicals, Zhuzhou Hansen.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Dimethyl Sulfoxide (DMSO) Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Dimethyl Sulfoxide (DMSO) Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Dimethyl Sulfoxide (DMSO) Market - Supply Chain
   4.5. Global Dimethyl Sulfoxide (DMSO) Market Forecast
      4.5.1. Dimethyl Sulfoxide (DMSO) Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Dimethyl Sulfoxide (DMSO) Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Dimethyl Sulfoxide (DMSO) Market Absolute $ Opportunity

5. Global Dimethyl Sulfoxide (DMSO) Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Dimethyl Sulfoxide (DMSO) Market Size and Volume Forecast by Type
      5.3.1. Pharmaceutical Grade
      5.3.2. Electronic Grade
      5.3.3. Industrial Grade
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Dimethyl Sulfoxide (DMSO) Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Dimethyl Sulfoxide (DMSO) Market Size and Volume Forecast by Application
      6.3.1. Pharmaceutical
      6.3.2. Electronic
      6.3.3. Chemical
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Dimethyl Sulfoxide (DMSO) Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Dimethyl Sulfoxide (DMSO) Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Dimethyl Sulfoxide (DMSO) Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Dimethyl Sulfoxide (DMSO) Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Dimethyl Sulfoxide (DMSO) Demand Share Forecast, 2019-2026

9. North America Dimethyl Sulfoxide (DMSO) Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Dimethyl Sulfoxide (DMSO) Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Dimethyl Sulfoxide (DMSO) Market Size and Volume Forecast by Application
      9.4.1. Pharmaceutical
      9.4.2. Electronic
      9.4.3. Chemical
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Dimethyl Sulfoxide (DMSO) Market Size and Volume Forecast by Type
      9.7.1. Pharmaceutical Grade
      9.7.2. Electronic Grade
      9.7.3. Industrial Grade
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Dimethyl Sulfoxide (DMSO) Demand Share Forecast, 2019-2026

10. Latin America Dimethyl Sulfoxide (DMSO) Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Dimethyl Sulfoxide (DMSO) Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Dimethyl Sulfoxide (DMSO) Market Size and Volume Forecast by Application
      10.4.1. Pharmaceutical
      10.4.2. Electronic
      10.4.3. Chemical
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Dimethyl Sulfoxide (DMSO) Market Size and Volume Forecast by Type
      10.7.1. Pharmaceutical Grade
      10.7.2. Electronic Grade
      10.7.3. Industrial Grade
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Dimethyl Sulfoxide (DMSO) Demand Share Forecast, 2019-2026

11. Europe Dimethyl Sulfoxide (DMSO) Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Dimethyl Sulfoxide (DMSO) Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Dimethyl Sulfoxide (DMSO) Market Size and Volume Forecast by Application
      11.4.1. Pharmaceutical
      11.4.2. Electronic
      11.4.3. Chemical
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Dimethyl Sulfoxide (DMSO) Market Size and Volume Forecast by Type
      11.7.1. Pharmaceutical Grade
      11.7.2. Electronic Grade
      11.7.3. Industrial Grade
   11.8. Basis Point Share (BPS) Anlysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Dimethyl Sulfoxide (DMSO) Demand Share, 2019-2026

12. Asia Pacific Dimethyl Sulfoxide (DMSO) Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Dimethyl Sulfoxide (DMSO) Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Dimethyl Sulfoxide (DMSO) Market Size and Volume Forecast by Application
      12.4.1. Pharmaceutical
      12.4.2. Electronic
      12.4.3. Chemical
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Dimethyl Sulfoxide (DMSO) Market Size and Volume Forecast by Type
      12.7.1. Pharmaceutical Grade
      12.7.2. Electronic Grade
      12.7.3. Industrial Grade
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Dimethyl Sulfoxide (DMSO) Demand Share, 2019-2026

13. Middle East & Africa Dimethyl Sulfoxide (DMSO) Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Dimethyl Sulfoxide (DMSO) Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Dimethyl Sulfoxide (DMSO) Market Size and Volume Forecast by Application
      13.4.1. Pharmaceutical
      13.4.2. Electronic
      13.4.3. Chemical
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Dimethyl Sulfoxide (DMSO) Market Size and Volume Forecast by Type
      13.7.1. Pharmaceutical Grade
      13.7.2. Electronic Grade
      13.7.3. Industrial Grade
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Dimethyl Sulfoxide (DMSO) Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Dimethyl Sulfoxide (DMSO) Market: Market Share Analysis
   14.2. Dimethyl Sulfoxide (DMSO) Distributors and Customers
   14.3. Dimethyl Sulfoxide (DMSO) Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Gaylord Overview Financials Developments Strategic Outlook
      14.4.2. Toray Fine Chemicals(TFC) Overview Financials Developments Strategic Outlook
      14.4.3. Arkema Overview Financials Developments Strategic Outlook
      14.4.4. Hubei Xingfa Overview Financials Developments Strategic Outlook
      14.4.5. Shanxi Yangmei Fengxi Overview Financials Developments Strategic Outlook
      14.4.6. Yankuang Lunan Chemicals Overview Financials Developments Strategic Outlook
      14.4.7. Zhuzhou Hansen Overview Financials Developments Strategic Outlook
      14.4.8. COMPANY8 Overview Financials Developments Strategic Outlook
      14.4.9. COMPANY9 Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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