Press release
Rapid Increase In Use Adoption To Boost Ammonium Thiosulfate Market Revenue Growth : 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.
Winning Strategy
Market players involved in the production of ammonium thiosulfate can be seen focusing on strengthening their supply chain activities and logistical operations. Additionally, in order to deliver adequate supply of ATS, industry players have expanded their storage capacities, which has helped with the production of this fertilizer over the years.
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Competition Landscape
Tessenderlo Kerley, Inc., Koch Nitrogen International Sarl, Kugler Co., Martin Midstream Partners, TIB Chemicals AG, Esseco Srl, PCI Nitrogen, and Shakti Chemicals are some of the major players in the powder ammonium thiosulfate market.
In October 2020, TIB Chemicals built new storage tanks for ATS (ammonium thiosulfate). Since TIB chemicals has been focusing on the efficient supply and distribution of ATS, the construction of storage tanks will enhance the company's supply chain capabilities.
In May 2021, Koch Fertilizers announced building of ATS storage capacity of total 2 million gallons. This step has been undertaken to meet growing demand for ATS. Storage capacity built by Koch Fertilizer comes equipped with features such as internal coating and insulation. This will ensure adequate supply of ammonium thiosulfate, especially in the U.S. where production of corn has picked up record pace.
Fact.MR has provided detailed information about the price points of top ammonium thiosulfate manufacturers positioned across regions, in addition to providing sales growth information, production capacity, and speculative production expansion, in the recently published report.
Source - https://www.factmr.com/report/2421/ammonium-thiosulfate-market
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