The industrial ammonium thiosulfate market size is estimated at

ROCKVILLE, Md., March 16, 2022 (GLOBE NEWSWIRE) — According to the latest Ammonium Thiosulfate market analysis by Fact.MR, a market research and competitive intelligence provider, the global market is expected to be valued at $373 million by 2022-end, and to expand a CAGR of around 7.9% over the forecast period of 2022-2032. The growth of the market is mainly based on the increasing demand for ammonium thiosulfate in the production of corn.

The ammonium thiosulfate business, over the past decade, has consolidated, mainly due to the presence of some key players holding the majority of the market share. Additionally, major manufacturers of ammonium thiosulfate are based in the United States, due to the high demand for fertilizer for growing corn.

Sulfur content is essential for corn growth and therefore increasing corn consumption will have a direct impact on Industrial demand for ammonium thiosulfate (ATS). Thus, the end use of ATS for corn production is expected to provide an absolute dollar opportunity worth US$108 million over the next ten years.

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Ammonium thiosulfate, or ATS, contains both nitrogen and sulfur, which are essential for crop growth in varying amounts. ATS can be differentiated from other fertilizers based on its controlled release properties. For example, in ATS most of the sulfur is available to plants after soil application.

Additionally, solid ammonium thiosulfate is very soluble and is also used as a nitrification inhibitor. On the other hand, the use case of ATS as a herbicide carrier has been gaining momentum over the last half-decade, and hence, attributed to these properties, the consumption of ATS in agriculture is poised to rapidly increase at a CAGR of around 8.1% over the period of 2022-2032.

Key segments of the Ammonium Thiosulfate industry investigation
By level:

  • Photographic Ammonium Thiosulfate
  • Industrial ammonium thiosulfate

By end use:

  • Agriculture
    • Herbicide protectors
    • Liquid fertilizers for arable crops
      • But
      • soybean seed
      • Alfalfa
      • Grated
      • But
      • Grain
  • Detergents (for mining)
  • photographic fixing salt
  • Others

By region:

  • Ammonium Thiosulfate Market in North America
  • Ammonium Thiosulfate Market in Latin America
  • Ammonium Thiosulfate Market in Europe
  • Ammonium Thiosulfate Market in East Asia
  • Ammonium Thiosulfate Market in South Asia and Oceania
  • Ammonium Thiosulfate Market in Middle East and Africa

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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 ammonium thiosulfate powder market.

  • In October 2020, TIB Chemicals built new storage tanks for ATS (ammonium thiosulfate). Since TIB Chemicals has focused on the efficient supply and distribution of ATS, the construction of storage tanks will improve the company’s supply chain capabilities.
  • In May 2021, Koch Fertilizers announced the construction of an ATS storage capacity totaling 2 million gallons. This step was taken to meet the growing demand for ATS. The storage capacity built by Koch Fertilizer is equipped with features such as internal lining and insulation. This will ensure an adequate supply of ammonium thiosulfate, especially in the United States where corn production has accelerated at a record pace.

Fact.MR provided detailed pricing information for major Ammonium Thiosulfate manufacturers positioned in all regions, in addition to providing information on sales growth, production capacity and speculative production expansion, in the recently published report.

Profiled key companies

  • Tessenderlo Kerley, Inc.
  • Koch Nitrogen International Sarl
  • Kugler Co.
  • Martin channel partners
  • TIB Chemicals AG
  • Esseco S.r.l.
  • PCI Nitrogen
  • Shakti Chemicals

Analysis by country
Over the past decade, the production and consumption of maize has increased dramatically. This is mainly attributed to the fact that corn is rich in antioxidants and vitamin C. Because of this, there is a high demand for corn in the United States, which has become the top producer and consumer of corn in the world.

For example, according to the USDA, in 2021 US corn growers were able to grow approximately 15.1 billion bushels, an increase of 7% from 2020. Since sulfur has been identified as an important source of nutrients for corn production, record bushel production over the past half-decade has provided a positive outlook for ammonium thiosulfate manufacturers.

The US ammonium thiosulfate solutions market is poised to provide an absolute dollar high opportunity worth US$169 million over the period 2022-2032.

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Analysis by category
The use of ammonium thiosulfate in agriculture is expected to hold a significant market share. The properties of ATS such as high sulfur content, solubility and controlled release make it suitable for use as a fertilizer.

Additionally, food insecurity has been identified as a major concern today. Large parts of the population today do not have access to sufficient quantities of food. For example, according to a UN report, an estimated 720-811 million people in 2020 lacked access to adequate food supplies.

Thus, in order to improve agricultural production, the consumption of fertilizers has accelerated, which presents a positive outlook for ammonium thiosulfate solution suppliers.

Attributed to these factors, agriculture, as an end use, remains the most lucrative segment, estimated at US$505 million by 2032.

Key insights from market research

  • Industrial-grade ammonium thiosulfate is expected to provide an absolute dollar opportunity worth US$189 million during the forecast period of 2022 to 2032.
  • Based on end use, consumption of ammonium thiosulfate in agriculture is expected to increase at a high CAGR of around 8.1%.
  • North America is expected to capture around 41% of the global ammonium thiosulfate market share by 2032.
  • The market in Europe is expected to offer an absolute dollar opportunity worth US$7.4 million by the end of 2032.

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