Ammonium Thiosulfate Market

Ammonium Thiosulfate Market Outlook (2022-2032)

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.

Report Attributes	Details
Ammonium Thiosulfate Market Size (2021A)	US$ 348 Mn
Estimated Market Value (2022E)	US$ 373 Mn
Market Value Forecast (2032F)	US$ 802 Mn
Global Growth Rate (2022-2032)	7.9% CAGR
Asia Pacific Market Share (2021)	~45%
Asia Pacific Growth Rate (2022-2032)	8.6% CAGR
China Growth Rate (2022-2032)	10.6% CAGR
Top 5 Companies’ Market Share	~50%
Key Companies Profiled	Tessenderlo Kerley, Inc. Koch Nitrogen International Sarl Kugler Co. Martin Midstream Partners TIB Chemicals AG Esseco Srl PCI Nitrogen Shakti Chemicals

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.

Ammonium thiosulfate (ATS) application as a fertilizer in crop production, leachants for mining, and as a photographic salt has increased over the past decade. Projections are that rise in corn production globally is poised to drive demand for ammonium thiosulfate over the coming years.

Ammonium Thiosulfate Consumption Analysis (2017-2021) Vs. Market Outlook (2022-2032)

As per latest market analysis by Fact.MR, a market research and competitive intelligence provider, consumption of ammonium thiosulfates over the past half-decade decreased a CAGR of around -2.9%. In the meantime, consumption in 2021 stood at around 831 KT. Ammonium thiosulfate use in agriculture accounted for the highest market share, which is mainly attributed to high use of ATS as a fertilizer in corn production.

In addition, escalating demand for fertilizers with particular specifications has gained traction, especially in North America and Asia Pacific. Consumption of ATS in these regions is projected to see unprecedented growth, which can be attributed to rise in crop production along with growth of the mining industry.

Furthermore, consumption of photo grade ammonium thiosulfate, over the period of 2022-2032, is poised to increase at a CAGR of 7.3%. Also, demand for ammonium thiosulfate is poised to be driven by high sales of sulphur-based fertilizers, which account for around 10% of the global fertilizer market.

ATS is among the best source for providing sulphur to corn plantations; rise in corn production is in direct proportion to ATS consumption. Attributed to this, the global liquid ammonium thiosulfate market is anticipated to surge at a CAGR of around 7.9% over the decade.

Which Properties of ATS are Projected to Drive Global Market Growth?

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

Additionally, solid ammonium thiosulfate is highly soluble and is also being used as a nitrification inhibitor. On the other hand, ATS use case as a herbicide carrier has gained traction over the past half-decade, and thus, attributed to these properties, ATS consumption in agriculture is poised to expand rapidly at a CAGR of around 8.1% over the period of 2022-2032.

Country-Wise Analysis

Why is the U.S. a Huge Market for Ammonium Thiosulfate?

“High Corn Cultivation Driving Demand for Ammonium Thiosulfate”

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.

Will Ammonium Thiosulfate Manufacturers Proliferate in India?

“Large Agriculture Sector in India Profitable for Suppliers of Ammonium Thiosulfate”

India is an agrarian nation with around 60% of its population dependent on agriculture. Additionally, corn has been an essential cereal for decades, which is full of nutrients, and thus seeing growth in demand. Additionally, the Government of India tends to provide various subsidies on fertilizer purchase to help small- and medium-scale farmers.

Moreover, over the past decades, there has been significant rise in food demand, which can mainly be attributed to population rise in the country. This calls for more production of corn and other crops.

Hence, India is poised to provide a high incremental dollar opportunity worth US$ 46 Mn through 2032.

Category-Wise Analysis

Which end Use Drive Major Consumption of Ammonium Thiosulfate?

“Agriculture to Remain Largest End-use Industry of Ammonium Thiosulfate by Far”

Ammonium thiosulfate usage in agriculture is projected to hold a major share in the market. Properties of ATS such as high sulphur content, solubility, and controlled release make it fit to be used as a fertilizer.

Additionally, food insecurity has been identified as a major concern today. Large portions of the population today don’t have access to adequate amounts of food. For instance, according to a UN report, around 720-811 million people in 2020 did not have access to adequate food supplies.

Thus, in order to enhance agriculture output, consumption of fertilizers has picked up pace, showcasing a positive outlook to ammonium thiosulfate solution suppliers.

Attributed to these factors, agriculture, as an end use, remains the most lucrative segment, projected to be valued at US$ 505 Mn by 2032.

Which Ammonium Thiosulfate Grade is Most-preferred in the Market?

“Industrial Ammonium Thiosulfate Highly Sought-after”

Industrial ammonium thiosulfate has been high in demand over the past half-decade, and is anticipated to dominate global ATS consumption over the period of 2022-2032. Industrial grade ammonium thiosulfate is used for various end uses such as agriculture and mining.

Additionally, since ATS finds major use case as a fertilizer, growth in crop production has provided a major boost to the sales of ATS.

Attributed to industrial grade ammonium thiosulfate being the most preferred fertilizer for corn production, it is projected to account for around 68% of the global ammonium thiosulfate market share.

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.

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
      • Rape
      • 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