New York, According to a new market research report published by Global Insight Services “Ammonium Thiosulfate Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Ammonium thiosulfate is a white, crystalline solid with the formula (NH4)2S2O3. It is a salt composed of ammonium and thiosulfate ions. It is a strong oxidizing agent and is used as a photographic developer and fixer. It is also used in hair dyes and as a herbicide.
Ammonium thiosulfate is produced by the reaction of ammonium sulfate and sodium thiosulfate: 2 NH4HSO4 + Na2S2O3 → (NH4)2S2O3 + Na2SO4
The resulting solution is then evaporated to yield the solid salt.
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Key Trends
The key trends in Ammonium Thiosulfate technology are:
1. Increased use of Ammonium Thiosulfate in agriculture: Ammonium thiosulfate is increasingly being used as a fertilizer in agriculture. It is used to improve crop yields and quality, and to reduce soil compaction.
2. Increased use of Ammonium Thiosulfate in the industry: Ammonium thiosulfate is also being used increasingly in the industry. It is used as a cleaning agent, as a corrosion inhibitor, and as a component of many industrial chemicals.
3. Increased use of Ammonium Thiosulfate in the home: Ammonium thiosulfate is also being used increasingly in the home. It is used as a cleaning agent, a disinfectant, and as a general-purpose cleaner.
Key Drivers
Ammonium thiosulfate is used as a fertilizer and as an ingredient in photographic developing solutions. It is produced by the reaction of sulfuric acid and ammonia.
The key drivers of the ammonium thiosulfate market are its use as a fertilizer and as an ingredient in photographic developing solutions. Ammonium thiosulfate is a source of nitrogen and sulfur, two essential nutrients for plant growth.
The high cost of ammonium thiosulfate is the major factor restraining the growth of the market.
Ammonium thiosulfate is produced by the reaction of sulfuric acid and ammonia, which are both expensive raw materials.
Market Segments
The ammonium thiosulfate market is segmented by type, end-use, and region. By type, it is bifurcated into powder, and liquid. Based on end-use, it is bifurcated into fertilizer, photochemical, mining, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global ammonium thiosulfate market includes players such as Tessenderlo Kerley Inc., Koch Nitrogen International Sarl, Kugler Co, Martin Midstream Partners, TIB Chemicals AG, Esseco Srl, PCI Nitrogen, Shakti Chemicals, R.W. Griffin, Plant Food, and others.
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Reasons to buy Ammonium Thiosulfate Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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