The global dimethyl disulphide (DMDS) market size is expected to register stable growth throughout the assessment period by registering a CAGR of 4.2% from 2022 to 2032. The global market was valued at US$ 218.6 Million in 2022 and is expected to reach US$ 329.9 Million in 2032 and exhibit immense growth over the forecast period. The growth of the market is attributed to the growing utilization of dimethyl disulphide as a major flavoring agent in various food products.
The adoption of dimethyl disulphide (DMDS) is anticipated to propel owing to its low risk of premature cooking by its by-products. Besides being a highly inflammable product, dimethyl disulphide might be toxic to aquatic fauna, which is expected to decline its demand and the global dimethyl disulphide (DMDS) market growth. Furthermore, the adoption of dimethyl disulphide (DMDS) is anticipated to rise as it is a good alternative to methyl bromide in chemical industries.
The amount of chemical needed to apply is less as compared to the application rates of other film types, as well as increasing retention of DMDS is possible primarily through the application of TIF. Furthermore, the global population is expected to increase by approximately 2.3 billion people between 2020 and 2050. Such a massive population needs to be fed, therefore, surging the requirement for dimethyl disulphide in food products according to the Food & Agricultural Organization (FAO) of the UN.
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Key Takeaways
- The compound comprises a large potential customer base owing to the vast range of businesses it serves. Furthermore, an increase in disposable income from a rising urban labor force is some of the major factors forecasted to feed a populace that values and wants high-quality food.
- Demand for dimethyl disulphide (DMDS) is projected to increase because of the reasons because it is employed as a primary flavoring agent in numerous culinary products. Moreover, the population is likely to drive more demand for pesticides.
- The UN’s Food and Agricultural Organization (FAO) estimates that the global population is expected to rise by almost 2.3 billion between 2020 and 2050. Although this is a much more modest increase in population growth than that experienced over the preceding 40 years, it still represents a 30% rise in the number of mouths to feed. The aforementioned factors will drive the demand for dimethyl disulphide (DMDS).
- The compound’s special qualities make them useful within the oil refining industry and this is anticipated to bolster the demand over the assessment period. Furthermore, the petrochemical sector makes use of dimethyl disulphide (DMDS) as a fuel additive and an extraction solvent. The global dimethyl disulphide (DMDS) market is likely to benefit from this, too, as sales increase during the foreseen time frame.
- Consumers ought to be careful while utilizing dimethyl disulphide in certain sectors, and it must be stored away from potential ignition sources. This is attributed to its highly flammable nature because of its low flash point which can cause a negative impact.
- DMDS might comprise a slightly unpleasant odor. In addition to that, it might also require purging and release undesired Sox emissions if not handled properly, as it generates methane during the sulfiding operation.
- The regulation on the applications of dimethyl disulphide (DMDS) concentrations in new-make grain nature in the Scotch Whiskey industry is anticipated to create numerous opportunities for dimethyl disulphide (DMDS).
- Key players in the industry are adding this significant flavor congener. Moreover, mergers and acquisitions to expand the application of organic compounds may create lucrative options for manufacturers to propel the future dimethyl disulphide (DMDS) market growth.
Competitive Landscape
The global dimethyl disulphide (DMDS) market is witnessing remarkable competition owing to the presence of numerous proactive players, which is why it is fragmented.
Prominent players in the global dimethyl disulphide (DMDS) market are focusing on keeping the production of high-purity dimethyl disulphide by constructing multiple production sites, together with bulk storage facilities and distribution.
Start-up companies, on the other hand, are trying to expand the applications of dimethyl disulphide. The global dimethyl disulphide (DMDS) market is set to witness significant growth in the coming years since the product is a useful commodity for various industries, such as food and beverages, petrochemicals, and chemicals, all of which are primarily consumer dependent.
Arkema Inc., Chevron Phillips Chemical Company, Sigma-Aldrich Co. LLC, IRO GROUP INC., Affon Chemical Co. Ltd., Uniwin Chemical, Langfang Jinshenghui, Erdos Flourishing Fine Chemical Co. Ltd., Alkyl Amines Chemicals Ltd., etc.
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More Insights into the Dimethyl Disulphide (DMDS) Market
North America is anticipated to dominate the global market as it currently holds the largest share with a total revenue of 25.4%. The growth of the region is attributed to various factors such as strong demand for hydrocracking agents and food additives.
Key Segments Profiled in the Dimethyl Disulphide (DMDS) Market Survey
By End User:
- Petrochemical
- Pesticides & Fertilizers
- Oil & Gas
- Chemicals
- Food & Beverages
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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