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DMSO (Dimethyl Sulfoxide) Recent Market Intelligence Report
I. Market Price Dynamics
- **Benchmark Price**: As of May 27, 2025, the Business Network’s DMSO benchmark price stood at RMB 17,600.00 per metric ton, representing a 0.19% increase from the beginning of the month and remaining at a year-low level.
- **Regional Price Disparities**:
- **Shandong Province**: As of May 12, 2026, DMSO prices in Jinan City, Shandong Province ranged from RMB 10,800 to RMB 16,600 per metric ton; in Zibo City, the range was RMB 13,500–15,800 per metric ton; and a certain brand in Qingdao City reached as high as RMB 22,500 per metric ton.
- **Other Regions**: Significant quotation differences exist among manufacturers—for instance, Shandong Aite Chemical Co., Ltd. quoted RMB 19,500 per metric ton, whereas Jinan Zesheng Chemical Co., Ltd. quoted RMB 10,800 per metric ton.
II. Supply-Demand Analysis
- **Supply Side**:
- **Production Concentration**: China is the world’s largest producer, with production capacity concentrated in major chemical industrial clusters such as Shandong, Jiangsu, and Zhejiang provinces. Leading enterprises—including Xingfa Group and Yangnong Chemical—dominate the market, operating at high capacity utilization rates.
- **Technological Upgrading**: Green production processes—such as hydrogen peroxide-based and oxygen oxidation methods—are progressively replacing traditional nitric acid oxidation, reducing production costs and environmental pollution.
- **Demand Side**:
- **Pharmaceutical Industry**: As a solvent and penetration enhancer, pharmaceutical applications account for approximately 72% of total demand, supported by advancements in biologics and regenerative medicine research.
- **Electronics Industry**: Used in semiconductor cleaning and photoresist stripping, demand growth has reached 18% annually, driven by expansion in 5G and AI chip manufacturing.
- **Emerging Applications**: Rapidly growing demand in lithium-ion battery electrolyte additives and solid-state electrolyte solvents, with annual growth exceeding 30%.
III. Competitive Landscape
- **Leading Enterprises**:
- **Xingfa Group**: Holds ~21.5% global market share, leveraging pharmaceutical-grade production capacity and cost advantages to maintain leadership.
- **Merck Group**: Commands ~18.2% global market share, sustaining competitiveness through its extensive global distribution network and brand premium.
- **Toray Industries, Inc.**: Leads in electronic-grade DMSO technology, holding ~10.1% global market share.
- **Domestic Substitution**: Domestic pharmaceutical-grade DMSO has broken international monopolies through process optimization—impurity levels reduced to 20% of total market volume.
3. **Competitive Landscape**:
- Market share concentration among top players will further increase, with CR5 (combined market share of the top five firms) expected to surpass 80%, reflecting sustained industry consolidation.
4. **Technological Development**:
- Bio-based feedstocks and circular resource utilization technologies will become mainstream, propelling green transformation across the sector.
- Purity standards for electronic-grade DMSO will advance to 9N (99.9999999%), satisfying stringent requirements of cutting-edge semiconductor fabrication processes.
1. It can be used for the extraction of arene, also as the reaction medium used for resins and dyes, and applied to acrylic polymerization and spinning solvent. 2. It can be used as an organic solvent, reaction medium and the intermediates of organic synthesis. It is highly versatile. This product has a highly selective extraction capacity, and can be used as the polymerization and condensation solvent of acrylic resin and polysulfone resin, as the polymerization and spinning solvent of polyacrylonitrile and cellulose acetate, as the extraction solvent for separating alkanes and arenes, and as the reaction medium for the arenes, butadiene extraction, acrylic fiber, plastic solvents, organic and synthetic dyes, and pharmaceuticals industries. In the field of medicine, dimethyl sulfoxide has anti-inflammatory and analgesic effect with a strong capability of penetration through the skin, and thus being able to dissolve certain drugs and boost their penetration into the human body to achieve the therapeutic purposes. Taking this carrier property of dimethyl sulfoxide can make it be used as pesticide additives. Add a small amount of dimethyl sulfoxide in some pesticides can facilitate the penetration of pesticides into the plant in order to improve the efficacy. dimethyl sulfoxide can also be used as the dye solvent, dye removing agent, and dye carrier for the synthetic fibers. It can also be used as the absorbent of recycling acetylene and sulfur dioxide and also the modifiers of synthetic fiber, antifreeze agent and the capacitor dielectric, brake oil, and extractant of the rare metals. 3. It can be used as analytic solvents and fixing agent of gas chromatography as well as the solvent for analyzing UV spectra.
It is colorless liquid, and is hygroscopic. It is almost odorless with a bitter taste. It can be dissolved in water, ethanol, acetone, ether, benzene and chloroform.
This chemical is included in Fine Chemicals. See more about what is Dimethyl sulfoxide and Dimethyl sulfoxide SDS information.
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