Global Ammonium Thiosulfate Market - WishTree Insight

Global Ammonium Thiosulfate Market by Type (Powder and Liquid), Grade (Photo Grade and Industrial Grade), End-User (Mining, Photochemical, Fertilizer), and Regions, The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032

The Ammonium Thiosulfate market size was valued at USD XX billion in 2022 and is expected to surpass USD 36.7 billion by 2032, expanding at a CAGR of 6.8 % during the forecast period, 2022–2032. The market's growth is attributed to the rising demand from diverse end-use industries such as the agriculture and agrochemical industries.

INTRODUCTION

Ammonium thiosulfate (NH4)2S2O3, is a white crystalline compound that is commonly used as a source of sulfur in fertilizers and as a photographic fixer. It also can act as a reducing agent and complexing agent in various chemical reactions. It is used as an intermediate in the production of other chemicals and as an ingredient in the production of feed supplements for livestock. It is also used in the mining industry as a flotation agent to help separate minerals from ore.

Market Trends, Drivers, Restraints, and Opportunities

• An increase in the packaged food demand is expected to propel the ammonium thiosulfate market.
• Increasing demand for fertilizers to cope with the demand for food crops is driving the market.
• Increased government initiatives in agricultural development are expected to propel the market.
• Growing population, increased food demand, and rising disposable income are the key factors driving the global ammonium thiosulfate market.

Scope of the Report

Market Segment Insights

The liquid segment register a considerable CAGR

Based on type, the Ammonium Thiosulfate market is bifurcated into powder and liquid. The liquid segment is expected to expand at a rapid pace during the forecast period owing to its blending nature. The diverse characteristics of liquid ammonium thiosulfate such as a bleaching agent, fertilizer, herbicide safener, and reducing agent make it witness high demand.

The industrial grade segment is expected to expand at a rapid pace

Based on grade, the Ammonium Thiosulfate market is divided into photo grade and industrial grade. The industrial grade segment is expected to expand at a rapid pace during the forecast period owing to increasing application in agriculture, mining, metallurgical industries, and pharmaceutical industries.

The fertilizer segment is projected to register a considerable CAGR

On the basis of end-user, the Ammonium Thiosulfate market is segregated into mining, photochemical, and fertilizer. The fertilizer segment is projected to register a considerable CAGR during the forecast period owing to a rise in agricultural activities, increased expenditure by the government on agricultural development, and rising demand for food.

The North American region constitutes a key market share of 63%

In terms of regions, the Ammonium Thiosulfate market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of the North American region constitutes a key share of 63 % in the market during the projected period owing to increasing consumption of ammonium thiosulfate used as fertilizer. However, the market of the Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to favorable government policies to improve the agriculture sector’s performance, use of fertilizers and pesticides, and increasing concern for food security.

Competitive Landscape

Key players competing in the Ammonium Thiosulfate market are Shakti Chemicals (India); Koch Nitrogen International Sarl (U.S.); Martin Midstream Partners L. P (U.S.); Kugler Co. (U.S.); TIB Chemicals AG (Germany); Tessenderlo Kerley, Inc. (Belgium).

FAQs

Mention the market size of Ammonium Thiosulfate in 2032.

The market size of Ammonium Thiosulfate in 2022 was USD 36.7 billion.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 6.8%.

What are the key drivers of the market?

The market's growth is attributed to the rising demand from diverse end-use industries such as the agriculture and agrochemical industries.

What segments are covered in the Ammonium Thiosulfate report?

The segments covered in the report are type (powder and liquid), grade (photo grade and industrial grade), and end-user (mining, photochemical, fertilizer).

Mention which region is expected to hold the highest share of the Ammonium Thiosulfate market.

The North American region is expected to hold the highest share of the Ammonium Thiosulfate market.

Which segment holds the largest market share in Ammonium Thiosulfate by 2032?

The fertilizer segment holds the largest market share in Ammonium Thiosulfate by 2032.

Mention the key players in the market.

Shakti Chemicals (India); Koch Nitrogen International Sarl (U.S.); Martin Midstream Partners L. P (U.S.); Kugler Co. (U.S.); TIB Chemicals AG (Germany); Tessenderlo Kerley, Inc. (Belgium)