Dimethyl Disulphide (DMDS) Market Set to Surpass US$ 343.7 Million by 2033

The dimethyl disulphide (DMDS) market is poised for significant growth, as indicated by a recent FMI report forecasting an average annual growth rate of 4.2%. Projections suggest rapid expansion extending to 2033, with sales reaching approximately US$ 343.7 million by then. Notably, the market is expected to hit US$ 227.8 million in 2023, underscoring the momentum and potential for substantial advancement 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