Dimethyl sulfoxide (DMSO) is a highly polar and water-miscible organic liquid. Due to its powerful solvent, it is named a “Universal solvent”. 

Dimethyl sulfoxide has many properties, such as a 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 the USA, France, Japan, and China. Electronic or higher-grade dimethyl sulfoxide (DMSO) is mainly produced in France and Japan. In China, due to technological constraints, companies mostly produce industrial-grade dimethyl sulfoxide (DMSO). The properties of electronic or another higher-grade dimethyl sulfoxide (DMSO) produced in China are not as well as that of abroad.

In China, there were many manufacturers 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 in an oversupply state.

In the global market, dimethyl sulfoxide (DMSO) production increased from 58885 MT in 2012 to 86287 MT in 2016, at a CAGR of more than 7.5%. In 2016, the global dimethyl sulfoxide (DMSO) market is led by China, capturing about 45.66% of global dimethyl sulfoxide (DMSO) production. The USA is the second-largest region-wise market with a 28.63% global production share.

In the future, the global market is expected to witness growth on account of rising applications, so in the next few years, Dimethyl Sulfoxide (DMSO) production will show a trend of steady growth. In 2023 the production of Dimethyl Sulfoxide (DMSO) is estimated to be 129022 MT. On product prices, the slow downward trend in recent years will maintain in the future.