DUBLIN--(BUSINESS WIRE)--The "Dimethyl Sulfoxide (DMSO) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Dimethyl Sulfoxide (DMSO) estimated at US$226.1 Million in the year 2020, is projected to reach a revised size of US$341.7 Million by 2027, growing at a CAGR of 6.1% over the analysis period 2020-2027.
Pharmaceuticals, one of the segments analyzed in the report, is projected to grow at a 6.6% CAGR to reach US$193.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electronics segment is readjusted to a revised 5.8% CAGR for the next 7-year period. This segment currently accounts for a 22.9% share of the global Dimethyl Sulfoxide (DMSO) market.
The U.S. Accounts for Over 19.3% of Global Market Size in 2020, While China is Forecast to Grow at a 7.3% CAGR for the Period of 2020-2027
The Dimethyl Sulfoxide (DMSO) market in the U.S. is estimated at US$43.5 Million in the year 2020. The country currently accounts for a 19.25% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$152.5 Million in the year 2027 trailing a CAGR of 7.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 5.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR while Rest of European market (as defined in the study) will reach US$152.5 Million by the year 2027.
Chemicals Segment Corners a 15.9% Share in 2020
In the global Chemicals segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$30 Million in the year 2020 will reach a projected size of US$41.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$29.9 Million by the year 2027.
Select Competitors (Total 42 Featured) -
- Arkema Group
- Gaylord Chemical Company LLC
- Hubei Xingfa Chemicals Group Co., Ltd.
- Toray Fine Chemicals Co., Ltd.
- Yangmei Fengxi Fertilizer Industry (Group) Co., Ltd.
- Zhuzhou Hansen Chemicals Co., Ltd.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- 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
- Pandemic Affects Growth in Solvents Market
- Dimethyl Sulfoxide (DMSO): A Prelude
- Physical and Chemical Properties of DMSO
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Recovery in Microelectronic Manufacturing Offers Strong Growth Prospects
- Solvent Applications of DMSO Benefit Demand
- Chemical Industry Confronts Challenging Times Amidst the COVID-19 Outbreak
- Toxicity Concerns over the use of Methylene Chloride in Paint Stripping Applications to Benefit Demand for DMSO
- 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
- Market Outlook
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/pu434x
