What is the market outlook for dimethyl sulfoxide?
2025-04-28
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Dimethyl sulfoxide (DMSO) market prospects are broader, with the following development trends and characteristics:
Market size growth: the global dimethyl sulfoxide market size is growing. 2023 global dimethyl sulfoxide market sales reached billions of dollars level, its global market production is estimated to be about 83.000 tons. 2024 global dimethyl sulfoxide market size of about 439 million U.S. dollars, is expected to 2031 to reach 597 million U.S. dollars, the compound annual growth rate (CAGR) of 4.6% during the period from 2025 to 2031. Global dimethyl sulfoxide market size is approximately $439 million in 2024 and is expected to reach $597 million in 2031. with a compound annual growth rate (CAGR) of 4.6% from 2025 to 2031.
The application areas are broad and expanding:
Pharmaceutical field: as a solvent and transdermal absorber of drugs, supporting more than 70% of the global demand for pharmaceutical synthesis, but also as a cell therapy cryoprotectant, with the progress of global medical technology and people's concern for health, its market demand in the pharmaceutical field will continue to grow.
Electronic field: in the semiconductor cleaning, lithium battery electrolyte formulations play a key role in the emerging field of demand for an annual growth rate of 15%, with the continuous development of electronic products and the emergence of new energy industry, the demand for dimethyl sulfoxide is expected to further expand.
Chemical and materials field: is a commonly used spinning solvent for carbon fiber production, helps to enhance the strength of carbon fibers more than 30%, with the domestic carbon fiber technology advances and applications to expand the production increase, will provide strong support for the growth of demand for dimethyl sulfoxide industry.
Other fields: in agriculture as a pesticide synergist, in the field of environmental protection can be used as an environmentally friendly solvent substitutes, in line with the global trend of green chemical industry, and in biochemistry and molecular biology research is an indispensable reagent for cell culture, protein crystallization and enzyme activity research, etc., scientific research on the field of demand for it is also expected to continue to grow.
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