Press release
Global Ammonium Thiosulfate Is Forecast To Reach A Valuation Of US$ 802 Million By 2032
Worldwide consumption of ammonium thiosulfate is estimated at US$ 373 Mn in 2022. Further, the global ammonium thiosulfate is forecast to reach a valuation of US$ 802 Mn by 2032, expanding at a CAGR of 7.9% during 2022-2032.According to latest analysis by Fact.MR, ammonium thiosulfate fertilizer market value is forecast to reach US$ 802 Mn by 2032-end, and is projected to account for nearly 2% of global fertilizer sales value. Meanwhile, ammonium thiosulfate consumption is projected to increase at a CAGR of around 7.9% over the decade.The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Ammonium Thiosulfate Market both at worldwide and provincial levels.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐ฎ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:-
https://www.factmr.com/connectus/sample?flag=S&rep_id=2421?PJ
๐๐ฒ๐ ๐๐ฎ๐ฐ๐๐ผ๐ฟ๐ ๐๐ฟ๐ถ๐๐ถ๐ป๐ด ๐๐ฟ๐ผ๐๐๐ต
๐๐ด๐ฟ๐ถ๐ฐ๐๐น๐๐๐ฟ๐ฎ๐น ๐๐ฒ๐ฟ๐๐ถ๐น๐ถ๐๐ฎ๐๐ถ๐ผ๐ป: The primary driver for the ammonium thiosulfate market is its use as a nitrogen and sulfur fertilizer. It is particularly valuable in regions with alkaline soils or where there is a need for both sulfur and nitrogen supplementation. Agricultural productivity is closely tied to the availability of essential nutrients, and ammonium thiosulfate addresses this need efficiently.
๐ฃ๐ฟ๐ฒ๐ฐ๐ถ๐๐ถ๐ผ๐ป ๐๐ด๐ฟ๐ถ๐ฐ๐๐น๐๐๐ฟ๐ฒ: The adoption of precision agriculture practices, such as variable-rate application of fertilizers, has increased the demand for ammonium thiosulfate. This precise application approach optimizes fertilizer use and minimizes environmental impact.
๐๐ป๐ฑ๐๐๐๐ฟ๐ถ๐ฎ๐น ๐๐ฝ๐ฝ๐น๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป๐: Beyond agriculture, ammonium thiosulfate has a range of industrial applications. It is used in photographic development processes, water treatment to remove chlorine and heavy metals, as a reducing agent in chemical processes, and as a fixer in gold extraction from ores.
๐๐ป๐๐ถ๐ฟ๐ผ๐ป๐บ๐ฒ๐ป๐๐ฎ๐น ๐๐ผ๐ป๐ฐ๐ฒ๐ฟ๐ป๐: As environmental concerns and regulations related to soil health and water quality continue to grow, the use of ammonium thiosulfate as a sulfur fertilizer has gained traction. It offers a sustainable alternative to traditional sulfur sources.
๐๐ณ๐ณ๐ถ๐ฐ๐ถ๐ฒ๐ป๐ ๐ก๐๐๐ฟ๐ถ๐ฒ๐ป๐ ๐๐ฒ๐น๐ถ๐๐ฒ๐ฟ๐: Ammonium thiosulfate has gained favor for its ability to deliver both sulfur and nitrogen to plants in a highly soluble and available form, promoting better nutrient absorption and plant growth.
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐: -
Tessenderlo Kerley, Inc.
Koch Nitrogen International Sarl
Kugler Co.
Martin Midstream Partners
TIB Chemicals AG
Esseco Srl
PCI Nitrogen
Shakti Chemicals
๐๐ถ๐ด๐ต ๐๐ผ๐ฟ๐ป ๐๐๐น๐๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐๐ฟ๐ถ๐๐ถ๐ป๐ด ๐๐ฒ๐บ๐ฎ๐ป๐ฑ ๐ณ๐ผ๐ฟ ๐๐บ๐บ๐ผ๐ป๐ถ๐๐บ ๐ง๐ต๐ถ๐ผ๐๐๐น๐ณ๐ฎ๐๐ฒ
Over the past decade, corn production and consumption has grown considerably. This is mainly attributed to corn being rich in antioxidant contents and vitamin C. Owing to this, there is high demand for corn in the U.S., which has emerged as the leading producer and consumer of corn, globally.
For instance, according to USDA, in 2021, U.S. corn producers were able to grow around 15.1 billion of bushels, which was up 7% from 2020. Since sulphur has been identified as an important source of nutrient for corn production, record production of bushels since the past half-decade has provided a positive outlook for ammonium thiosulfate manufacturers.
The U.S. ammonium thiosulfate solution market is poised to provide a high absolute dollar opportunity worth US$ 169 Mn over the period of 2022-2032.
๐๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐ผ๐ป ๐๐ฎ๐ป๐ฑ๐๐ฐ๐ฎ๐ฝ๐ฒ
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.
๐๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐ ๐ผ๐ณ ๐๐บ๐บ๐ผ๐ป๐ถ๐๐บ ๐ง๐ต๐ถ๐ผ๐๐๐น๐ณ๐ฎ๐๐ฒ ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ฆ๐๐ฟ๐๐ฒ๐
๐๐ ๐๐ฟ๐ฎ๐ฑ๐ฒ:
Photographic Ammonium Thiosulfate
Industrial Ammonium Thiosulfate
๐๐ ๐๐ป๐ฑ ๐จ๐๐ฒ:
Agriculture
Herbicide Safeners
Liquid Fertilizers for Arable Crops
Corn
Soyabean
Alfalfa
Maize
Grain
Leachants (for Mining)
Gold
Silver
Photographic Fixing Salt
Others
๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป๐ฎ๐น ๐ฎ๐ป๐ฎ๐น๐๐๐ถ๐ ๐ถ๐ป๐ฐ๐น๐๐ฑ๐ฒ๐
North America (U.S., Canada)
Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
EU - (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
CIS & Russia
Japan
Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
๐ฅ๐ฒ๐ฐ๐ฒ๐ป๐ ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ก๐ฒ๐๐
As of my last update, here are some significant developments in the ammonium thiosulfate market:
Sustainable Fertilization: The agricultural industry is increasingly focusing on sustainable and environmentally friendly farming practices. Ammonium thiosulfate, as a source of sulfur and nitrogen, has gained prominence in sustainable agriculture due to its efficient nutrient delivery and reduced environmental impact.
Customized Fertilization: Some manufacturers are offering customized ammonium thiosulfate formulations to meet specific crop and soil requirements. These tailor-made solutions optimize nutrient delivery and crop performance.
Increased Water Treatment Use: The use of ammonium thiosulfate in water treatment processes, particularly for dechlorination and heavy metal removal, has grown in response to concerns about water quality and the need for effective treatment solutions.
Chemical Processing Applications: The industrial sector continues to rely on ammonium thiosulfate as a reducing agent in various chemical processes, including mining and ore processing, ensuring the efficient extraction of valuable minerals.
Technological Advancements: The market has seen technological advancements aimed at improving the production processes of ammonium thiosulfate. This results in higher purity products that meet stringent quality standards.
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ณ๐ถ๐ฐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป๐:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=2421?PJ
US Sales Office:
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Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E Mail : sales@factmr.com
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.
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