Recovery in Microelectronic Manufacturing Offers Strong Growth Prospects

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DUBLIN, June 16, 2023 /PRNewswire/ — The “Dimethyl Sulfoxide (DMSO): Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

The global market for Dimethyl Sulfoxide (DMSO) estimated at US$253 Million in the year 2022, is projected to reach a revised size of US$417.2 Million by 2030, growing at a CAGR of 6.5% over the analysis period 2022-2030.

Pharmaceuticals, one of the segments analyzed in the report, is projected to record a 6.9% CAGR and reach US$238.9 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Electronics segment is readjusted to a revised 6.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $47.5 Million, While China is Forecast to Grow at 7.6% CAGR

The Dimethyl Sulfoxide (DMSO) market in the U.S. is estimated at US$47.5 Million in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$192.2 Million by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 5.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Select Competitors (Total 42 Featured) –

  • Arkema Group
  • Gaylord Chemical Company, LLC
  • Hubei Xingfa Chemicals Group Co. Ltd.
  • Parchem Fine & Specialty Chemicals
  • Sigma-Aldrich Co. LLC
  • Toray Fine Chemicals Co. Ltd.
  • Zhuzhou Hansen Chemicals Co. Ltd.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • COVID-19 Pandemic: A Review
  • As the Race between the Virus & Vaccines Intensifies, Review of the World Economy in 2021 and Beyond
  • With IMF Making an Upward Revision of Global GDP for 2022, Companies Remain Bullish About an Economic Comeback
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Pandemic Affects Growth in Solvents Market
  • Dimethyl Sulfoxide (DMSO): A Prelude
  • Physical and Chemical Properties of DMSO
  • COMPETITION
  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Dimethyl Sulfoxide (DMSO) – Global Key Competitors Percentage Market Share in 2022 (E)
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Recovery in Microelectronic Manufacturing Offers Strong Growth Prospects
  • Global Market for Microelectronics in US$ Billion: 2020-2026
  • Solvent Applications of DMSO Benefit Demand
  • Chemical Industry Confronts Challenging Times Amidst the COVID-19 Outbreak
  • Global Chemicals & Minerals Market Growth Outlook (in %) for Years 2019 through 2025
  • Toxicity Concerns over the use of Methylene Chloride in Paint Stripping Applications to Benefit Demand for DMSO
  • Global Paint Removal Market in US$ Billion: 2020, 2025 and 2030
  • Growing Role of DMSO in Medicine
  • Expanding Research and Development in Stem Cell Transplantation to Benefit Demand for DMSO
  • New Avenues for Growth
  • Nasal Spray with DMSO & Ethanol Holds Potential to Offer Protection from COVID-19
  • Dimethyl Sulfoxide Remains Vital to Development of Potent Antivirals against COVID-19
  • Pharmaceuticals: A Major Application Market for DMSO
  • Increasing Potential in Parenteral Drug Delivery Systems
  • Global Parenteral Drugs Market (In US$ Billion) for the Years 2020, 2025 and 2030

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/rn0706

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SOURCE Research and Markets

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