03-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Ammonium Thiosulfate Market By Type (Ammonium Thiosulfate Solid and Ammonium Thiosulfate Liquid) and By Application (Photographic Fixer, Fertilizer, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Ammonium Thiosulfate market in 2019 was approximately USD 560 Million. The market is expected to grow at a CAGR of 4% and is anticipated to reach around USD 785 Million by 2026.
Ammonium thiosulfate is an inorganic chemical compound used to make liquid as well as solid fertilizers. It is a rich source of sulfur and nitrogen for crops. In addition, ammonium thiosulfate clears liquid blends. It is mixed with urea ammonium nitrate solution (UAN) solution for utilization as a fertilizer. It is easy to handle and easy to mix as well. Types of ammonium thiosulfate are ammonium thiosulfate solid and ammonium thiosulfate liquid. The application of ammonium thiosulfate includes photographic fixer, fertilizer, and other.
Browse the full “Ammonium Thiosulfate Market By Type (Ammonium Thiosulfate Solid and Ammonium Thiosulfate Liquid) and By Application (Photographic Fixer, Fertilizer, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/ammonium-thiosulfate-market-by-type-ammonium-thiosulfate-solid
Increasing demand for ammonium thiosulfate utilization in agriculture is the major driver of target market growth. Apart from this, ammonium thiosulfate has several specialties, one of them is, it acts as a nitrification inhibitor which helps in reducing nitrogen loss. This has been augmenting the target market growth.
Moreover, it prevents the conversion of ammonium (NH4) to nitrate (NO3). Ammonium thiosulfate is a rich source of sulfur. This helps in enhancing the quality and yield of the crop. This has been propelling the target market growth as well.
Segmental Overview:
In terms of type, the target market is categorized as ammonium thiosulfate solid and ammonium thiosulfate liquid. Among these, ammonium thiosulfate liquid is the leading category. It is majorly used in suspensions as well as clear liquid blends. In addition, it satisfies sulfur and nitrogen need for the crop. This is the reason that it is used majorly in fertilizers. Furthermore, liquid ammonium thiosulfate is mostly used in the pharmaceutical industry, laboratory chemicals, and spatiality chemical.
In terms of application, the target market is categorized as a photographic fixer, fertilizer, and other. Among these, fertilizer is the dominating category owing to rising demand for food boosted the demand of fertilizers in the agriculture industry.
In addition, the addition of ammonium thiosulfate in fertilizer helps in the reduction of nitrogen loss by slowing nitrification. This generates better yield as well as crop quality. Also, increasing the issue of soil infertility has helped in increasing the need for chemical fertilizers across the world.
Regional Overview
In terms of region, the target market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, Asia Pacific is anticipated to be the dominating leader over the forecast period. Asia Pacific countries such as China and India are majorly propelling the target market growth.
Also, growth in the Asia Pacific population has resulted in a large demand for agricultural products. In addition, rapid industrialization, as well as urbanization, is expected to fuel the target market in the region over the forecast period.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 560 Million |
Projected Market Size in 2026 |
USD 785 Million |
CAGR Growth Rate |
4% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Koch Fertilizer LLC, Tessenderlo Group NV, TIB Chemicals AG, Juan Messina S.A., Kugler Company, HaimenWuyang Chemical Industry Co. Ltd., Hydrite Chemical Co., Mears Fertilizer Inc., Shakti Chemicals, Interoceanic Corporation., and others. |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Competitive Landscape:
Some of the key players operating in the target market are Koch Fertilizer, LLC, Tessenderlo Group NV, TIB Chemicals AG, Juan Messina S.A., Kugler Company, HaimenWuyang Chemical Industry Co., Ltd., Hydrite Chemical Co., Mears Fertilizer Inc., Shakti Chemicals, and Interoceanic Corporation.
This report segments the Ammonium Thiosulfate market as follows:
Global Ammonium Thiosulfate Market: By Type
- AmmoniumThiosulfate Solid
- Ammonium Thiosulfate Liquid
Global Ammonium Thiosulfate Market: By Application
- Photographic Fixer
- Fertilizer
- Other
Global Ammonium Thiosulfate Market: By Region
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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