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WILMINGTON, Del. , July 27, 2022 /PRNewswire/ -- Analysts at TMR estimate the dimethyl sulfoxide market to peg a CAGR of 5.5% for the forecast period between 2022 and 2031. Dimethyl sulfoxide (DMSO) features membrane penetration properties to find extensive applications in the pharmaceuticals industry. DMSO is often used as a carrier for drugs as it aids in the penetration of drugs into the human skin and fortifies the effect of medication. This makes DMSO key ingredient in several anti-bacterial medications, antifungal medication formulas, and some prescription skincare products.
Dimethyl sulfoxide is characteristic of several therapeutic properties to find substantial use as a solvent in the pharmaceutical industry. Rise in demand for pharmaceutical products is favorable for the scope of dimethyl sulfoxide market.
Electronics industry is another key end user of dimethyl sulfoxide. DMSO is used in the manufacture of electronics components and is a component of photoresist strippers due to its ability to dissolve polar and nonpolar compounds.
Asia Pacific held a prominent greater than 55% volume share of dimethyl sulfoxide market in 2021. High demand for DMSO from the electronics and pharmaceutical industries substantiates Asia Pacific to stand as fastest growing market for DMSO.
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Dimethyl Sulfoxide Market – Key Findings of the Report
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Dimethyl Sulfoxide Market – Growth Drivers
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Dimethyl Sulfoxide Market - Key Players
Some of the key players operating in the dimethyl sulfoxide market are;
The dimethyl sulfoxide market is segmented as follows;
Dimethyl Sulfoxide Market, by Application
Dimethyl Sulfoxide Market, by Region
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