Press release
Ammonium Thiosulfate Market To Witness A Steadfast Streak At A CAGR Of 7.9% Between 2022 - 2031: Fact.MR
As per latest market analysis on ammonium thiosulfate by Fact.MR, a market research and competitive intelligence provider, the global market is projected to be valued at US$ 373 million by 2022-end, and expand a CAGR of around 7.9% over the forecasted period of 2022-2032. Market growth is mainly riding on the back of growing demand for ammonium thiosulfate in corn production.The ammonium thiosulfate business, over the past decade, has been consolidated, mainly attributed to the presence of some key players holding a majority of the market share. Additionally, prominent ammonium thiosulfate manufacturers are based in the U.S., owing to high demand for fertilizers for corn cultivation.
Sulphur content is essential for the growth of corn, and hence, rise in the consumption of corn will have a direct impact on ammonium thiosulfate (ATS) demand. As such, ATS end-use for corn production is projected to provide an absolute dollar opportunity worth US$ 108 million over the next ten years.
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Key Segments of Ammonium Thiosulfate Industry Survey
By Grade:
Photographic Ammonium Thiosulfate
Industrial Ammonium Thiosulfate
By End Use:
Agriculture
Herbicide Safeners
Liquid Fertilizers for Arable Crops
Corn
Soyabean
Alfalfa
Maize
Grain
Leachants (for Mining)
Gold
Silver
Photographic Fixing Salt
Others
By Region:
North America Ammonium Thiosulfate Market
Latin America Ammonium Thiosulfate Market
Europe Ammonium Thiosulfate Market
East Asia Ammonium Thiosulfate Market
South Asia & Oceania Ammonium Thiosulfate Market
Middle East & Africa Ammonium Thiosulfate Market
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Key Takeaways from Market Study
Industrial grade ammonium thiosulfate is projected to provide an absolute $ opportunity worth US$ 189 million over the forecast period of 2022 to 2032.
Based on end use, consumption of ammonium thiosulfate in agriculture is projected to increase at a high CAGR of around 8.1%.
North America is projected to capture around 41% of the global ammonium thiosulfate market share by 2032.
The market in Europe is set to provide an absolute dollar opportunity worth US$ 7.4 million by 2032-end.
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the ammonium thiosulfates market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
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