Dimethyl Sulfoxide (DMSO) Prices: Latest Trend & Historical Data

Key Highlights About the Dimethyl Sulfoxide (DMSO) Price Trend

Dimethyl Sulfoxide (DMSO) Demand is influenced by its diverse applications across various industries. Its increasing use as a solvent in pharmaceuticals, agrochemicals, and electronics plays a significant role in market growth. In the pharmaceutical sector, DMSO's ability to effectively penetrate biological membranes enhances the efficacy of topical medications, driving demand. Additionally, it is widely used in clinical research and formulations, expanding its scope of application. In agrochemicals, DMSO serves as a solvent for herbicides and pesticides, improving their absorption and efficiency, which is crucial in agricultural regions. The electronics industry also relies on DMSO for cleaning and etching processes during semiconductor production. Moreover, DMSO's growing use in biotechnology and medical research for preserving biological samples supports market expansion. Technological advancements in chemical production, resulting in high-purity DMSO, also contribute to its increasing demand in sensitive applications like pharmaceuticals and electronics.

Dimethyl Sulfoxide (DMSO) Prices Last Quarter:

China: 2662 USD/MT

Key Factors Impacting Dimethyl Sulfoxide (DMSO) Prices Across Various Regions:

By the close of the last quarter, various elements influenced DMSO prices in China. The cost of raw materials, particularly sulfur, played a key role. Rising sulfur prices, caused by supply shortages and high demand in other sectors, led to increased DMSO production costs. Energy price fluctuations, driven by seasonal demand and global geopolitical tensions affecting oil and gas markets, further escalated manufacturing expenses.

Strong domestic demand, particularly from the pharmaceutical and agricultural industries, also pushed prices higher. China's rapidly growing pharmaceutical sector, fueled by increased healthcare investment and a focus on innovation, heightened demand for DMSO as a solvent. Similarly, the agricultural sector experienced high demand for DMSO in pesticide formulations, especially during peak farming seasons. Additionally, logistical challenges, such as transportation delays and rising shipping costs, added further strain to DMSO pricing.

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Price Trend Overview and Detailed Regional Analysis:

Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, benchmarking analyses, pricing and cost research, and procurement research.