Market Overview:
The global sodium thiosulfate market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for sodium thiosulfate from various applications such as medical uses, iodometry, gold extraction, neutralizing chlorinated water, and others. Sodium thiosulfate is also used as a food additive and has various other applications in different industries. North America dominates the global sodium thiosulfate market followed by Europe and Asia Pacific.
Product Definition:
A white, crystalline powder used as a photographic fixing agent and in the manufacture of other chemicals.
Industrial Grade:
Industrial grade is used in the production of a wide range of chemicals such as sulfuric acid, thiosulfate, and other chemical compounds. It plays an important role in the global sodium thiosulfate market owing to its usage as a raw material for manufacturing various chemicals which are further used across several end-use industries. The industrial grade product is majorly available in two forms namely solid and liquid.
Agriculture Grade:
Agriculture grade is the highest quality available in the market. It is used as an intermediate product for manufacturing sodium thiosulfate which has wide applications in pulp & paper, chemical, and fertilizer industries. The grade can be differentiated from other products by observing its physical properties such as moisture level and color.
It also differs on the basis of its usage such as food crops or non-food crops.
Application Insights:
Medical uses of sodium thiosulfate accounted for the largest revenue share in 2017. It is used as a medication to treat various health conditions, such as asthma, skin infections, and gastrointestinal disorders. The product also finds application in the medical industry for its properties that help detect and remove impurities from drugs and other chemicals during production. These applications are expected to drive demand over the forecast period due to rising awareness about these treatments among consumers across regions.
Theiodicyclic gold complexes derived from sodium thiosulfate are widely utilized owing to their superior characteristics over other gold complexes including [6]-Gold (I) chloride dihydrochloride (AuCl 2 ·2H 2 O), [7]-Gold (II) chloride dihydrochloride (AuCl 3 ·2H 2 O), and [8]-Gold (III) bromide dihydrochloride AuBr 3 ·2H 2 O).
Regional Analysis:
Asia Pacific sodium thiosulfate market is expected to grow at the highest CAGR over the forecast period. Increasing demand for sodium thiosulfate from end-use industries such as water treatment, gold extraction, and pharmaceuticals is anticipated to drive growth in this region. In addition, growing mining activities in countries such as China and Australia are anticipated to increase the application of sodium thiosulfate over the next eight years.
The increasing number of refineries across Asia Pacific has led to an increase in oil & gas industry which subsequently increased demand for Sodium Thiourea (STU) used for refining process along with other applications like Iodometry and Water Treatment.
Growth Factors:
- Increasing demand for Sodium Thiosulfate from various end-use industries such as textiles, pulp and paper, water treatment, and others.
- Rising awareness about the benefits of Sodium Thiosulfate among consumers is expected to fuel the market growth in the near future.
- Growing investments by key players in research and development activities to develop new applications of Sodium Thiosulfate is anticipated to propel the market growth over the forecast period.
- Increasing use of Sodium Thiosulfate as a bleaching agent in textile industry is projected to boost the demand for this product during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Sodium Thiosulfate Market Research Report
By Type
Industrial Grade, Agriculture Grade, Food Grade, Medicine Grade
By Application
Medical uses, Iodometry, Gold extraction, Neutralizing chlorinated water, Other
By Companies
Solvay, NISSEI CORPORATION, Sankyo Kasei, NAGAO, Calabrian Corporation, Esseco, NISSUI PHARMACEUTICAL, Changsha Weichuang Chemical, Liyang Qingfeng Fine Chemical, Nafine, Shanxi Xinchengshun Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Sodium Thiosulfate Market Report Segments:
The global Sodium Thiosulfate market is segmented on the basis of:
Types
Industrial Grade, Agriculture Grade, Food Grade, Medicine Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical uses, Iodometry, Gold extraction, Neutralizing chlorinated water, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Solvay
- NISSEI CORPORATION
- Sankyo Kasei
- NAGAO
- Calabrian Corporation
- Esseco
- NISSUI PHARMACEUTICAL
- Changsha Weichuang Chemical
- Liyang Qingfeng Fine Chemical
- Nafine
- Shanxi Xinchengshun Chemical
Highlights of The Sodium Thiosulfate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Grade
- Agriculture Grade
- Food Grade
- Medicine Grade
- By Application:
- Medical uses
- Iodometry
- Gold extraction
- Neutralizing chlorinated water
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sodium Thiosulfate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sodium thiosulfate is a white crystalline powder that is used as a food additive and preservative. It has the chemical formula Na2S2O5.
Some of the major players in the sodium thiosulfate market are Solvay, NISSEI CORPORATION, Sankyo Kasei, NAGAO, Calabrian Corporation, Esseco, NISSUI PHARMACEUTICAL, Changsha Weichuang Chemical, Liyang Qingfeng Fine Chemical, Nafine, Shanxi Xinchengshun Chemical.
The sodium thiosulfate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sodium Thiosulfate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Sodium Thiosulfate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sodium Thiosulfate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Sodium Thiosulfate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Sodium Thiosulfate Market Size & Forecast, 2018-2028
4.5.1 Sodium Thiosulfate Market Size and Y-o-Y Growth
4.5.2 Sodium Thiosulfate Market Absolute $ Opportunity
Chapter 5 Global Sodium Thiosulfate Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Sodium Thiosulfate Market Size Forecast by Type
5.2.1 Industrial Grade
5.2.2 Agriculture Grade
5.2.3 Food Grade
5.2.4 Medicine Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Sodium Thiosulfate Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Sodium Thiosulfate Market Size Forecast by Applications
6.2.1 Medical uses
6.2.2 Iodometry
6.2.3 Gold extraction
6.2.4 Neutralizing chlorinated water
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sodium Thiosulfate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sodium Thiosulfate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Sodium Thiosulfate Analysis and Forecast
9.1 Introduction
9.2 North America Sodium Thiosulfate Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Sodium Thiosulfate Market Size Forecast by Type
9.6.1 Industrial Grade
9.6.2 Agriculture Grade
9.6.3 Food Grade
9.6.4 Medicine Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Sodium Thiosulfate Market Size Forecast by Applications
9.10.1 Medical uses
9.10.2 Iodometry
9.10.3 Gold extraction
9.10.4 Neutralizing chlorinated water
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Sodium Thiosulfate Analysis and Forecast
10.1 Introduction
10.2 Europe Sodium Thiosulfate Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Sodium Thiosulfate Market Size Forecast by Type
10.6.1 Industrial Grade
10.6.2 Agriculture Grade
10.6.3 Food Grade
10.6.4 Medicine Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Sodium Thiosulfate Market Size Forecast by Applications
10.10.1 Medical uses
10.10.2 Iodometry
10.10.3 Gold extraction
10.10.4 Neutralizing chlorinated water
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Sodium Thiosulfate Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Sodium Thiosulfate Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Sodium Thiosulfate Market Size Forecast by Type
11.6.1 Industrial Grade
11.6.2 Agriculture Grade
11.6.3 Food Grade
11.6.4 Medicine Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Sodium Thiosulfate Market Size Forecast by Applications
11.10.1 Medical uses
11.10.2 Iodometry
11.10.3 Gold extraction
11.10.4 Neutralizing chlorinated water
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Sodium Thiosulfate Analysis and Forecast
12.1 Introduction
12.2 Latin America Sodium Thiosulfate Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Sodium Thiosulfate Market Size Forecast by Type
12.6.1 Industrial Grade
12.6.2 Agriculture Grade
12.6.3 Food Grade
12.6.4 Medicine Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Sodium Thiosulfate Market Size Forecast by Applications
12.10.1 Medical uses
12.10.2 Iodometry
12.10.3 Gold extraction
12.10.4 Neutralizing chlorinated water
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Sodium Thiosulfate Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Sodium Thiosulfate Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Sodium Thiosulfate Market Size Forecast by Type
13.6.1 Industrial Grade
13.6.2 Agriculture Grade
13.6.3 Food Grade
13.6.4 Medicine Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Sodium Thiosulfate Market Size Forecast by Applications
13.10.1 Medical uses
13.10.2 Iodometry
13.10.3 Gold extraction
13.10.4 Neutralizing chlorinated water
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sodium Thiosulfate Market: Competitive Dashboard
14.2 Global Sodium Thiosulfate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Solvay
14.3.2 NISSEI CORPORATION
14.3.3 Sankyo Kasei
14.3.4 NAGAO
14.3.5 Calabrian Corporation
14.3.6 Esseco
14.3.7 NISSUI PHARMACEUTICAL
14.3.8 Changsha Weichuang Chemical
14.3.9 Liyang Qingfeng Fine Chemical
14.3.10 Nafine
14.3.11 Shanxi Xinchengshun Chemical
