The global dimethyl disulfide (DMDS) industry is poised for substantial growth, with an anticipated valuation of US$ 227.8 million in 2023, as projected by Future Market Insights (FMI). The industry is expected to witness a remarkable upswing, reaching nearly US$ 343.7 million by 2033, showcasing an impressive average year-on-year growth rate of 4.2% over the forecast period. This robust expansion underscores the increasing demand and potential opportunities within the DMDS market, reflecting a positive outlook for the industry in the coming years.
DMDS is a powerful soil fumigant, and insect control agent used worldwide for sustainable and effective agricultural techniques. Farmers favor it because it can inhibit nematodes, insects, and weed seeds while enhancing crop output. DMDS is also frequently utilized in the oil and gas sector, where it helps to increase oil well productivity and improve heavy oil recovery.
The demand for dimethyl disulfide, however, is growing presently with its growing uses outside of the oil and gas industry and the agricultural sector. This chemical is in high demand, particularly in the pharmaceutical production, due to its function in medication development. It forms a crucial step in the synthesis of active pharmaceutical ingredients (APIs) in the pharmaceutical industry. Due to its adaptability, DMDS is also an essential ingredient in synthesizing antioxidants, contributing to its rising popularity.
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Key Takeaways from the Global Dimethyl Disulphide (DMDS) Market Study Report by FMI
- The global market is poised to witness an absolute dollar growth of US$ 116 million over the next ten years.
- The United States currently holds the top position in the consumption of dimethyl disulfide among all the countries.
- In Europe, Germany is the leading producer of dimethyl disulfide solutions, while presently, its consumption is rising fast in the United Kingdom.
- Asia Pacific countries, like China and India, are the notable countries with higher anticipated CAGRs through 2033.
Competitive Landscape for the Dimethyl Disulphide (DMDS) Market Players
Arkema, Chevron Phillips, Sigma-Aldrich, IRO Group, Affon Chemical, Uniwin Chemical, Langfang Jinshenghui, Erdos Flourishing Fine Chemical, and Alkyl Amines are some top market players. These leading market players have somewhat consolidated by making investments in research and development to improve product quality and investigate new applications.
The recent intensification of market competition among rivals may be ascribed to the increased use of dimethyl disulfide across several industries. This, in turn, is boosting the commercial opportunities of market participants engaged in its manufacture and supply in local and international markets.
The growth of market participants into new regions has also been assisted by alliances and cooperation with end-user industries, guaranteeing a timely and effective supply.
Recent Developments by the Dimethyl Disulphide (DMDS) Manufacturing Industries
Chevron Phillips Chemical stated in January 2023 that its dimethyl disulfide (DMDS) production plant in Baytown, Texas, may expand. This expansion by Chevron Phillips Chemical is expected to assist the business in meeting the product’s rising demand.
IRO Group announced the introduction of their fresh line of DMDS products having a high degree of purity and no smell for the refining sector in November 2022. This new product line is intended for use in a range of refining processes, including hydrotreating, hydrocracking, and desulfurization.
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Key Segments Profiled in the Dimethyl Disulphide (DMDS) Industry
By End User:
- Petrochemical
- Pesticides & Fertilizers
- Oil & Gas
- Chemicals
- Food & Beverages
- Other End-user Industries
By Region:
- North America
- Latin America
- Asia Pacific
- The Middle East and Africa (MEA)
- Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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