Dimethyl Sulfoxide (DMSO) Market Growth By Regional Analysis (America, Europe, Asia Pacific, and Middle East & Africa) Growth Opportunity and Industry Forecast 2023-2030 (Recession Impact Analysis)
ID : MRU_
115014 | Date :
Feb, 2023 | Pages :
186 | Region : Global |
Publisher : Ri research
Dimethyl sulfoxide (DMSO) is a highly polar and water miscible organic liquid. It is essentially odorless and has a low level of toxicity.
Dimethyl sulfoxide (DMSO) is a highly polar and water miscible organic liquid. Due to its powerful solvent, it is named 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 odor, so it is wildly used in pharmaceutical, electronic and chemical fields.
Global dimethyl sulfoxide (DMSO) is mainly concentrated in USA, France, Japan and China. Electronic or other higher grade dimethyl sulfoxide (DMSO) is mainly produced in USA, France and Japan. In China, due to technological constraints, companies mostly produce industrial grade dimethyl sulfoxide (DMSO). Properties of electronic or other higher grade dimethyl sulfoxide (DMSO) produced in China is not as well as that in abroad.
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. Shanxi Yangmei Fengxi discontinued their business on dimethyl sulfoxide (DMSO) in 2015.
In global market, the production of dimethyl sulfoxide (DMSO) increases from 62 K MT in 2011 to 83 K MT in 2015, at a CAGR of more than 7.5%. In 2015, the global dimethyl sulfoxide (DMSO) market is led by China, capturing about 45.66% of global dimethyl sulfoxide (DMSO) production. USA is the second-largest region-wise market with 28.63% global production share. At present, the major manufacturers of dimethyl sulfoxide (DMSO) are concentrated in Gaylord, Toray Fine Chemicals, Arkema and Hubei Xingfa.
We tend to believe this industry now is close to mature. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, gross margin will be fluctuated.
The report offers detailed coverage of Dimethyl Sulfoxide (DMSO) industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Dimethyl Sulfoxide (DMSO) by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Dimethyl Sulfoxide (DMSO) market to grow to reach xxx Million USD in 2023 with a CAGR of xx% during the period 2023-2030.
First, this report covers the present status and the future prospects of the global Dimethyl Sulfoxide (DMSO) market for 2018-2030.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Gaylord
Toray Fine Chemicals(TFC)
Arkema
Hubei Xingfa
Shanxi Yangmei Fengxi
Yankuang Lunan Chemicals
Zhuzhou Hansen
At the same time, we classify Dimethyl Sulfoxide (DMSO) according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows: Market by Order Type
Pharmaceutical Grade
Electronic Grade
Industrial Grade Market by Application
Pharmaceutical
Electronic
Chemical
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Dimethyl Sulfoxide (DMSO) market for the forecast period 2023 - 2030?
• What are the driving forces in the Dimethyl Sulfoxide (DMSO) market for the forecast period 2023 - 2030?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Dimethyl Sulfoxide (DMSO) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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