Dimethyl sulfoxide (DMSO) has a wide range of applications and the market size maintains a growth trend

Dimethyl sulfoxide (DMSO) is an important sulfur-containing organic compound that appears as a colorless and odorless transparent liquid at room temperature. DMSO is flammable, highly hygroscopic, has a high boiling point and is highly polar, and can be dissolved in most organic compounds such as ethanol, propanol, benzene and chloroform. As a chemical raw material, dimethyl sulfoxide is widely used in petrochemical, pharmaceutical, pesticide, electronic and electrical, national defense and military industry and other fields.

According to the “2022-2026 China Dimethyl Sulfoxide (DMSO) Market Analysis and Development Prospects Research Report released by the Industrial Research Center ” shows that my country is a major producer of dimethyl sulfoxide. With the growth of my country’s economy, the overall market size of dimethyl sulfoxide is in a growth trend. In 2021, the market size of my country’s dimethyl sulfoxide will be approximately 1.05 billion yuan. It is expected that in 2026 It will grow to more than 1.20 billion yuan per year.

In the international market, dimethyl sulfoxide suppliers include French Alkema Company, American Gaylord Company, and Japanese TFC. Our country has a large production scale of dimethyl sulfoxide. While its production capacity meets domestic market demand, it is also exported to overseas markets such as India and South Korea. However, due to technical limitations, the added value of dimethyl sulfoxide in our country is low, and products are usually sold as Cheap raw materials are sold directly to the outside world.

At this stage, my country’s DMSO suppliers include Xingfa Chemical, Lunan Chemical, Guanghui Luyou, Shenghua Chemical, Hansen Chemical, etc., among which Xingfa Chemical has the highest market share. Raw materials and intermediates for the production of dimethyl sulfoxide include natural gas, methanol, hydrogen sulfide, nitrogen dioxide, dimethyl sulfide, etc. Since some raw materials are flammable and explosive under high temperature and high pressure, dimethyl sulfoxide Sulfone devices are more risky. In January 2020, a combustion accident occurred at Guizhou Xingfa Chemical Industry and the unit was suspended. This temporarily led to tight domestic supply of dimethyl sulfoxide and an increase in market prices.

According to different application fields, dimethyl sulfoxide can be divided into electronic grade, pharmaceutical grade, industrial grade, etc. In the electronic field, dimethyl sulfoxide is mainly used for cleaning circuit boards; in the pharmaceutical field, dimethyl sulfoxide has anti-inflammatory, antioxidant, analgesic, blood-removing and other effects, and can be added to pharmaceutical products as raw materials, solvents, etc. in the industrial field, dimethyl sulfoxide can be used for the extraction of aromatic hydrocarbons, organic chemical synthesis, fiber spinning, etc. Due to the wide range of downstream applications, the market demand for dimethyl sulfoxide continues to increase, and the current demand reaches about 60,000 tons/year.

Industry analysts said that my country is a major producer and exporter of dimethyl sulfoxide, and its production capacity not only meets domestic market demand, but also It is exported to overseas markets, but due to technical limitations, domestic dimethyl sulfoxide has the problem of low added value. Dimethyl sulfoxide has a wide range of application fields. In the future, with technological advancement and in-depth research, the application fields of dimethyl sulfoxide are expected to expand, and the industry has broad prospects for development.