Global Ammonium Thiosulfate Market By Type (Ammonium Thiosulfate Solid, And Ammonium Thiosulfate Liquid), By Application (Grain Fertilizer, Cash Crop Fertilizer, Other Agricultural Applications), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019-2029

Market.us announces publication of its most recently generated research report titled, “Global Ammonium Thiosulfate Market by Type (Solid and Liquid), By Application (Fertilizers, Photographic Fixers, Metal Leaching, and Other Applications), and by Region – Global Forecast to 2029”, which offers a holistic view of the global ammonium thiosulfate market through systematic segmentation that covers every aspect of the target market.

The Global Ammonium Thiosulfate Market is projected to be US$ 327.5 Mn in 2018 to reach US$ 546.8 Mn by 2029 at a CAGR of 4.8%.

Ammonium Thiosulfate (ATS) is part of the inorganic chemical compound. It is mostly used in the preparation of liquid state fertilizers. Ammonium thiosulfate is prepared by reaction of sulfur dioxide, elemental sulfur, and aqueous ammonia. (NH₄)₂SO₃ + S → (NH₄)₂S₂O₃. Ammonium thiosulfate in liquid form is extremely soluble in water. It is also companionable with nitrogen solutions and various liquid fertilizers such as NPK liquid blends.

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Ammonium thiosulfate contains around 26% Sulphur and 12% Nitrogen. Nitrogen and Sulphur are very much required for crops for better yields, so ammonium thiosulfate performances as a package of nitrogen and sulfur for crops. Ammonium thiosulfate is usually used in suspensions and clear liquid blends. Urea Ammonium Nitrate (UAN) solution is mixed with ammonium thiosulfate; this mixture is called a UAN solution and used as fertilizer. The mixture of UAN solution and ammonium thiosulfate is applied in the field by sprinklers or drip irrigation. Ammonium thiosulfate and UAN solution help to increase yields by filling a crop’s crucial need for sulfur and nitrogen. Ammonium thiosulfate is a nitrification inhibitor. Due to this ability, Ammonium thiosulfate reduces nitrogen loss and is easy to handle and mix. Ammonium thiosulfate has 7-8 pH, so it is neutral to a slightly basic liquid solution. Ammonium thiosulfate has molar mass 148.21 g/mol.

The ammonium thiosulfate market is expected to grow at a steady rate over the forecast period owing to continuously rising demand as ammonium thiosulfate is used as a liquid fertilizer in the agricultural field. ATS also acts as a nitrification inhibitor. So steadily increasing agricultural sector across the globe is a factor expected to increase demand for ammonium thiosulfate. The increasing demand for various precious metals is continuously growing, the mining industry is expanding, which helps to grow the use of ammonium thiosulfate for metal leaching. Modest growth in metal leaching segment is fueling the ammonium thiosulfate market growth over the forecast period.

Global Ammonium Thiosulfate Market Revenue (US$ Mn), 2019–2029 

Ammonium thiosulfate is used as a liquid fertilizer in the agricultural field. ATS also acts as a nitrification inhibitor. So steadily increasing the agricultural sector across the globe is a factor expected to increase demand for ammonium thiosulfate. Also, several people are choosing to become vegan, which widely increases the demand for agriculture products, which in turn aid in boosting the requirement for ammonium thiosulfate for fertilizers. Additionally, the demand for various precious metals is continuously growing, mining industry is expanding, which helps to grow the use of ammonium thiosulfate for metal leaching. The ongoing research and development activities by leading manufacturers to upgrade the products and their specifications is also expected to bolster growth of the global target market over the forecast period.

Global ammonium thiosulfate market is segmented based on type, application, and region. Based on types, the market is segmented into solid ammonium thiosulfate and liquid ammonium thiosulfate. The liquid ammonium thiosulfate segment accounts for the majority share and is expected to witness significant share in terms of revenue over the forecast period, followed by solid ammonium thiosulfate segment. Based on the application, the market is segmented into fertilizers, photographic fixers, metal leaching, and other applications. The fertilizer segment accounts for a majority share in the global ammonium thiosulfate market.

Global Ammonium Thiosulfate Market Attractiveness Analysis by Type, 2013–2019

Companies are bringing the economic cost of ammonium thiosulfate for use in urea as a fertilizer for crops, which mainly require sulfur as well as nitrogen, such as soybean and corn, which is anticipated to help in boosting the market growth further. Also, these crops are used in many products that are used widely on a regular basis such as corn flakes, syrup or soy milk, soy sauce, soy nuts, soybean, tofu, etc. which are recommended to be consumed by people on a plant-based diet as it is high in protein. The increasing demand for ammonium thiosulfate from agriculture and metal industry in developing countries also anticipated to boost growth of the global market over the forecast period.

However, huge investments by the key players for research and development activities to improve product quality is a factor creating lucrative opportunity for market growth. North America market holds a significant share in the global ammonium thiosulfate market owing to the high demand for the product coupled with the presence of a large number of key players in this region. Also, the North America market is expected to register high growth rate in the global ammonium thiosulfate market over the forecast period.

The research report on the global ammonium thiosulfate market includes profiles of some of the major companies such as Martin midstream partner, Tessenderlo Group NV, Koch Industries, Inc. (Koch Fertilizer, LLC), Kugler Company, Nutrien (Agrium), Poole Chemical Company, Inc., Hydrite Chemical Co., Shakti Chemicals, Rentech Nitrogen, TIB Chemicals AG., Esseco Srl (Esseco UK), Mears Fertilizer Inc., R. W. Griffin Feed Seed & Fertilizer Inc., and American Plant Food Corporation.

Key Market Segments

Type

• Ammonium Thiosulfate Solid
• Ammonium Thiosulfate Liquid

Application

• Fertilizers
• Photographic Fixers
• Metal Leaching
• Other Applications

Key Market Players included in the report:

• Martin midstream partner
• Tessenderlo Group NV
• Koch Industries Inc. (Koch Fertilizer LLC)
• Kugler Company
• Nutrien (Agrium)
• Poole Chemical Company Inc.
• Hydrite Chemical Co.
• Shakti Chemicals
• Rentech Nitrogen
• TIB Chemicals AG.
• Esseco Srl (Esseco UK)
• Mears Fertilizer Inc.
• R. W. Griffin Feed Seed & Fertilizer Inc.
• American Plant Food Corporation

For the Ammonium Thiosulfate Market research study, the following years have been considered to estimate the market size: