What is Global Ammonium Thiosulfate Solid Market?
The Global Ammonium Thiosulfate Solid Market is a vast and complex field that encompasses a wide range of products and applications. At its core, it refers to the global market for solid forms of ammonium thiosulfate, a chemical compound often used in fertilizers and other agricultural applications. This market is not limited to one specific region or country, but rather spans the entire globe, with various manufacturers, suppliers, and consumers contributing to its overall value and growth. The market includes different grades of ammonium thiosulfate solid, such as ≥95% and <95%, each with its own unique properties and uses.
≥95%, <95% in the Global Ammonium Thiosulfate Solid Market:
The Global Ammonium Thiosulfate Solid Market is further divided based on the purity of the product. The two main categories are those with a purity of ≥95% and those with a purity of <95%. The ≥95% category refers to ammonium thiosulfate solid that is at least 95% pure. This high level of purity makes it ideal for use in applications that require a high degree of reliability and consistency. On the other hand, the <95% category refers to ammonium thiosulfate solid that is less than 95% pure. While not as pure as the ≥95% category, these products still have a wide range of uses and are often more affordable.
Corn Fertilizer, Grain Fertilizer, Other Agricultural Applications, Industrial Applications in the Global Ammonium Thiosulfate Solid Market:
The Global Ammonium Thiosulfate Solid Market is utilized in a variety of areas. One of the primary uses is as a corn fertilizer. Ammonium thiosulfate solid provides essential nutrients that help corn plants grow and thrive. It is also used as a grain fertilizer, helping to boost the growth and yield of various grain crops. Other agricultural applications include its use in other types of fertilizers and soil amendments. Beyond agriculture, ammonium thiosulfate solid also has several industrial applications. It can be used in the production of certain types of plastics, in the textile industry, and in various chemical processes.
Global Ammonium Thiosulfate Solid Market Outlook:
Looking at the market outlook for the Global Ammonium Thiosulfate Solid Market, it's clear that this is a market on the rise. In 2022, the market was valued at a substantial US$ 90 million. However, this is just the beginning. The market is expected to grow at a steady pace, with a compound annual growth rate (CAGR) of 3.1% projected for the period from 2023 to 2029. By the end of this forecast period, the market is anticipated to reach a value of US$ 111.9 million. This growth is driven by a variety of factors, including increasing demand for ammonium thiosulfate solid in both agricultural and industrial applications.
| Report Metric | Details |
| Report Name | Ammonium Thiosulfate Solid Market |
| Accounted market size in 2022 | US$ 90 million |
| Forecasted market size in 2029 | US$ 111.9 million |
| CAGR | 3.1% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Tessenderlo Group, Martin Midstream Partners, Poole Chem, TIB Chemicals, Esseco, PCI Nitrogen (Rentech Nitrogen), Koch Fertilizer, Mears Fertilizer, Kugler, Agrium, R.W. Griffin |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
