Ammonium Thiosulfate Market Value to Hit USD 733.3 Million in 2034 | CAGR of 6.3%

Overview

The global ammonium thiosulfate market is projected to grow significantly, reaching an estimated value of USD 733.3 million by 2033, up from USD 402.8 million in 2023, with a compound annual growth rate (CAGR) of 6.3% during the forecast period from 2023 to 2033. Ammonium thiosulfate ([NH₄]₂S₂O₃) is a water-soluble, moderately toxic compound widely used in agriculture as a fertilizer due to its rich content of sulfur, ammonia, and nitrogen. Beyond its role in soil nutrition, it is also utilized in the formulation of herbicides, insecticides, and fungicides, contributing significantly to crop protection and pest management.

In 2023, liquid ammonium thiosulfate accounted for a dominant 82.8% share of the market by type. This preference is attributed to its ease of application and compatibility with liquid fertilizer systems, which allow for more efficient and precise nutrient delivery to crops. On the basis of application, fertilizers represented the largest segment, capturing 77.9% of the total market share. The increasing global demand for high-yield crops, shrinking arable land, and the need for sustainable agricultural practices are all contributing to the growth of this segment.

Supportive government initiatives also bolster the market, such as the USDA’s Fertilizer Production Expansion Program, which allocated over USD 174 million to boost domestic fertilizer manufacturing through 42 projects nationwide. Additionally, the Indian agricultural sector is anticipated to reach USD 24 billion by 2025, further highlighting the expanding need for effective fertilizers like ammonium thiosulfate in emerging markets.

Key Takeaways

• The global ammonium thiosulfate market was valued at US$ 402.9 Million in 2023.
• The global ammonium thiosulfate market is projected to reach US$ 733.3 Million by 2033.
• Among other types, liquid accounted for the largest market share of 82.8%.
• Among applications, fertilizers accounted for the majority of the ammonium thiosulfate market share with 77.9%.

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Report Scope

Key Market Segments

By Type

• Ammonium Thiosulfate Solid
• Ammonium Thiosulfate Liquid

By Application

• Fertilizers
• Photographic Fixers
• Metal Leaching
• Others

Regional Analysis

In 2023, North America led the global ammonium thiosulfate market, capturing a substantial market share of 37.0%. This dominance is primarily driven by the region’s extensive agricultural operations, particularly in the United States, where ammonium thiosulfate is widely used as a nitrogen and sulfur fertilizer to improve crop yield and quality. The high demand for advanced fertilizers in large-scale farming systems significantly contributes to the region’s strong market position.

Additionally, North America benefits from robust investments in research and development, with active collaboration among universities, agricultural institutions, and industry players. These partnerships support the innovation and optimization of fertilizer formulations, further enhancing the performance and adoption of products like ammonium thiosulfate across the region.

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Recent Developments

Koch Fertilizer has expanded its ammonia production capacity at the Fort Dodge facility, increasing output by 85,000 tons per year. This enhancement supports the production of ammonium thiosulfate, a critical component in their fertilizer offerings.

Nutrien has integrated ammonium thiosulfate into its fertilizer products to improve nitrogen use efficiency and reduce environmental impact. Their biocatalyst product, Accomplish LM, combines ATS with a biocatalyst to accelerate nutrient release and enhance soil health.

Tessenderlo Kerley has opened a new Thio-Sul® plant in Geleen, Netherlands, to meet the growing demand for ammonium thiosulfate-based fertilizers. This facility aims to enhance production capacity and support sustainable agriculture practices.

Martin Midstream Partners manufactures ammonium thiosulfate solutions containing 12% nitrogen and 26% sulfur. These solutions are compatible with nitrogen solutions and NPK liquid blends, offering an efficient fertilizer option for agricultural applications.

Hydrite Chemical Co. has expanded its storage capacity for ammonium thiosulfate at its Terre Haute, Indiana plant. The addition of a 3-million-gallon tank aims to better serve customers in the Corn Belt by ensuring a reliable supply of ATS for agricultural use.

TIB Chemicals AG offers ammonium thiosulfate solutions, such as TIB® THIO ATS, for use in agriculture. These products are designed to enhance fertilizer effectiveness by providing both immediate and slow-release sulfur to plants.

TerraLink provides ammonium thiosulfate solutions with a composition of 12% nitrogen and 26% sulfur. These solutions are utilized in various agricultural applications to improve nutrient availability and support crop growth.

Plant Food Company, Inc. produces ammonium thiosulfate solutions as part of their fertilizer product line. These solutions are used to enhance nitrogen and sulfur availability to plants, supporting agricultural productivity.

Key Players Analysis

• Koch Industries, Inc. (Koch Fertilizer, LLC)
• Nutrien (Agrium)
• Tessenderlo
• Martin Midstream Partner
• Hydrite Chemical
• TIB Chemicals AG
• TerraLink
• PCI Nitrogen
• Kugler Company
• Plant Food Company, Inc.
• Poole Chemical Company, Inc.
• Mears Fertilizer Inc.
• Shakti Chemical
• Juan Messina S.A
• Haimen Wuyang Chemical Industry Co., Ltd
• Other Key Players

Conclusion

In conclusion, the ammonium thiosulfate market is poised for steady growth, propelled by its essential role in modern agriculture and diverse industrial applications. As global agricultural demands rise and industries seek sustainable solutions, ATS presents a valuable opportunity for stakeholders across the supply chain.

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