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
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
