According to ChemAnalyst report, “Dimethyl Sulphate (DMS) Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. Global Dimethyl Sulphate market grew at significantly in the past five years and is projected to achieve a CAGR of 4.35% until 2030 owing to its application as an alkylating agent, catalyst, sulfating or sulphonating agent as well as methylating agent in chemical synthesis in industries or for chemical cleavage of DNA in medical laboratories.
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Dimethyl sulphate is a colorless dimethyl ester, synthesized by the reaction of Sulphuric acid and methanol. It is an oily flammable liquid with an onion like odor and high toxicity. Dimethyl Sulphate is simply soluble in aromatic solvents, water and alcohol and available in vapor as well as liquid form. DMS has wide range of applications as a chemical intermediate or as a solvent in various industries including dyes, perfumes, agrochemicals, water treatment chemicals, surfactants, fabric softener, pharmaceuticals, cosmetics, personal care, and others. Rising demand from sectors such as water treatment chemicals and agrochemicals is expected to drive the market for Dimethyl Sulphate during the forecast period. However, associated health hazards and rigorous environmental regulations regarding DMS due to its toxicity are the main restraints in the growth of its market during the forecast period.
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In 2020, the outbreak of COVID-19 across the world had impacted numerous industries due to the imposition of nationwide lockdowns and trade restrictions. Global market for Dimethyl sulphate was not much effected due to Covid-19, there a surge in the demand for Dimethyl Sulphate from Water treatment sector along with pharmaceuticals and surfactants sectors amid pandemics. Additionally, there was negligible impact in the demand of DMS from agrochemicals and personal care in that period. Therefore, there was the rise in the overall demand for dimethyl sulphate during the coronavirus pandemic.
Region wise, Asia Pacific holds the major share for global Dimethyl Sulphate market in 2020 and is projected to grow at a significant pace over the forecast period owing to the industrial growth and the presence of manufacturing hub in the region specially in China and India. Moreover, In Asia Pacific, agriculture sector is blooming with as strong pace thereby, holds the highest market potential for agrochemicals backed by rising population which is consequently fuel DMS market in the forecast years. Additionally, its application as a chemical intermediate in the manufacturing of pharmaceutical products is expected to drive its market in the upcoming years.
In Europe and North America, there is huge market for Dimethyl Sulphate owing to its use in Water treatment plants. There are numerous water treatment plants present in the region due to stringent government regulations to recycle waste water which would further augment DMS market over forecast years.
According to ChemAnalyst report, “Dimethyl Sulphate Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”, Major players for Dimethyl Sulphate globally include Dow Chemical Company, Dupont, BASF, Sigma Aldrich, Caledon Laboratories, Honeywell, Chevron Philips CABB Chemicals, and Others.
“Dimethyl Sulphate is a versatile chemical having numerous applications in several end use industries and its global market has shown a robust growth alongside growing population, urbanization and rapid industrialization. Wastewater treatment is a lucrative segment for Dimethyl Sulphate market. Moreover, increasing demand for the production of consumer goods such as perfumes, dyes, fabric softeners, surfactants and personal care is anticipated to expand its market size in the upcoming years. Owing to its wide range applications in different sectors, global manufacturers of Dimethyl Sulphate, anticipate that there will be sufficient supply demand gaps in future therefore it important to keep the track to grab those opportunities in market” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.
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