COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.
Dimethyl Sulfoxide (DMSO) is a highly polar and water miscible organic liquid. It is essentially odourless and has a low level of toxicity. Due to its powerful solvent, it is termed as universal solvent. Dimethyl sulfoxide has many properties, such as powerful solvent, high flash point and boiling point, excellent toxicological and eco toxicological profile, recyclable, biodegradable and low odour. This product is wildly used in pharmaceutical, electronic and chemical fields. Dimethyl sulfoxide (DMSO) is mainly concentrated in US, France, Japan and China. Electronic or another higher-grade dimethyl sulfoxide (DMSO) is mainly produced in US, France and Japan. In China, due to technological constraints, companies mostly produce industrial grade dimethyl sulfoxide (DMSO).
DMSO is manufactured using black liquor, a by-product of paper mills. DMSO is used in a wide range of applications, such as pharmaceuticals, agrochemicals, and fine chemicals. With ongoing research and development to bolster the use of DMSO in the pharmaceutical sector, it’s expected that global consumption will witness an increase in coming years. Moreover, owing to its nontoxic and biodegradable properties, its use in the agrochemicals sector is also expected to witness steady growth during the forecast period. In China, there were many manufactures during the past few years. Because of environmental issues and intense competition, some of them discontinued or reduced their capacity. Currently, Chinese dimethyl sulfoxide (DMSO) is on the oversupply state.
Some of impact factors:
What does this report provide?
The report provides dimethylsulphoxide market and its advancements across different industry verticals and as well as regions. The report provides a 10-year forecast assessment of how the market is expected to grow in the future based on current and future market potential and advantages, opportunities and challenges. It helps to plan business strategies by understanding the rising trends shaping and enhancing dimethylsulphoxide market development. The report provides a forward-looking perspective on the global dimethylsulphoxide market historical data, status, and future forecast, production, revenue, consumption.
Market Segmentation:
By Type:
By End-Use Industry :
By Region:
North America Dimethylsulphoxide Market
Europe Dimethylsulphoxide Market
Asia Pacific Dimethylsulphoxide Market
Middle East & Africa Dimethylsulphoxide Market
South America Dimethylsulphoxide Market
Major Companies: Hubei Xingfa chemicals group, Gaylord chemical cooperation, Toray Fine Chemicals Co. Ltd., Arkema, YankuangLunan Chemicals, Zhuzhou Hansen., Sigma-Aldrich Co. LLC., Parchem Fine & Specialty Chemicals among others.
Years Covered in the Study:
Historic Year: 2017-2018
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2028
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