Dimethyl sulfoxide (DMSO) is a colorless liquid organic compound. It is a by-product of the paper-making process and is sometimes used as a solvent. It has a variety of medical, industrial, and commercial uses, including being used as a solvent for chemical reactions, as a chemical building block for various compounds, and as a cryoprotectant for various organs and tissues. It is also used in cosmetics and medical devices.
DMSO is mainly used as a topical analgesic to treat pain, inflammation, and swelling. It is also used as a vehicle for topical administration of various drugs. Additionally, it is used in the production of various drugs, such as the cancer drug Taxol and the chemotherapy drug cisplatin. It is also used in the manufacture of certain plastics, rubber, and other materials.
Global demand for DMSO has been increasing steadily in recent years. This is mainly due to its use in various medical and industrial applications. It is also used in the manufacture of various drugs and as a cryoprotectant. The global market for DMSO is expected to grow at a steady rate in the coming years.
The global Dimethyl Sulfoxide (DMSO) market was valued at US$ 207 million in 2022 and is anticipated to reach US$ 273.3 million by 2029, witnessing a CAGR of 4.0% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Dimethyl Sulfoxide (DMSO) Market available at: https://www.themarketreports.com/report/global-dimethyl-sulfoxide-dmso-market-research-report
This report aims to provide a comprehensive presentation of the global market for Dimethyl Sulfoxide (DMSO), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Dimethyl Sulfoxide (DMSO).
The major global companies of Dimethyl Sulfoxide (DMSO) include Hubei Xingfa, Gaylord, Toray Fine Chemicals, Arkema, Yankuang Lunan Chemicals, Zhuzhou Hansen, Xinjiang Guanghui Luyou sulfur Chemical Co., Ltd, Zhuzhou Hansen Chemicals Co., Ltd etc. In 2021, the world’s top three vendors accounted for approximately % of the revenue.
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