Global Sodium Thiosulphate Market, By Grade (Medical Grade, Industrial Grade, Food Grade, Agricultural Grade, Others), Application (Medical, Photographic Processing, Iodometry, Gold Extraction, Water Treatment, Others) – Industry Trends and Forecast to 2029.
Sodium Thiosulphate Market Analysis and Size
In the sodium thiosulphate market the retailers hold prominent expansion avenues during the forecast period of 2022-2029. Furthermore, thriving medical and healthcare sector and growths in these fields would further increase the business space in upcoming years.
Data Bridge Market Research analyses that the sodium thiosulphate market was valued at USD 96.36 million in 2021 and is expected to reach USD 159.48 million by 2029, registering a CAGR of 6.50% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Sodium Thiosulphate Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Grade (Medical Grade, Industrial Grade, Food Grade, Agricultural Grade, Others), Application (Medical, Photographic Processing, Iodometry, Gold Extraction, Water Treatment, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Esseco SRL (Italy), Galactic (U.S.), Allan Chemical Corporation (U.S.), Samirian Chemicals Inc. (U.S.), Noah Chemicals (U.S.), Dastech (U.S.), INEOS (U.K.), DBWINC (U.S.), Southern Ionics Incorporated (U.S.), Skyhawk Chemicals, Inc. (U.S.), Liyang Qingfeng Fine chemical Co.,Ltd. (China), Changsha weichuang chemical co.ltd (China), Haimen Wuyang Chemical Industry Co.,Ltd. (China)
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Market Opportunities
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Market Definition
Sodium thiosulphate is an inorganic compound and the molecular formula is Na2S2O3.xH2O. Generally it is available as the colorless or white pentahydrate, Na2S2O3·5H2O. This is solid and an efflorescent) crystalline substance which dissolves well in water. Sodium thiosulphate is manufactured by heating sulfur with aqueous sodium sulfite solution or aqueous sodium hydroxide.
Global Sodium Thiosulphate Market Dynamics
Drivers
- Rising demand of sodium thiosulphate for water treatment
Growing demand for sodium thiosulphate for water treatment has contributed considerably to adopting water treatment systems that can help avoid the spread of aquatic diseases. The adoption of chemical for the treatment of water is growing because of their capability to offer clean water, free from pollutants endangering human health. It is used to decrease chlorine level and treat the settled backwash water used in spas, swimming pools and aquaria. Therefore, water treatment is also the important end-use industry expected to drive the growth rate of the sodium thiosulphate market.
- Growing incidences of chronic kidney failure disorders
Increasing incidences of chronic kidney failure disorders, mainly, calciphylaxis, are expected to boost the demand for the sodium thiosulphate. According to reliable estimates, It is reported that calciphylaxis is occur in 1% to 4.5% of patients in dialysis, with the majority of patients who are obese, diabetic and living with the liver diseases. Sodium thiosulphate acts as a calcium chelating agent and antioxidant for the treatment of calciphylaxis.
Opportunities
- Several application associated with sodium thiosulphate
Sodium thiosulphate has several important end-use applications, including leather tanning, super cooling, hand warmers, bacteriological water treatment, chemical in heating pads, patina recipes for copper alloy, and as an ionic surfactant for helping during depression. The major industry contributors have invested profoundly in R&D initiatives to create cost-effective, better-quality products with reduced prices and less to zero hazardous impacts.
Furthermore, growing concerns regarding the environmental safety and the increasing awareness regarding the better-quality of sodium thiosulphate are anticipated to upsurge the demand for the sodium thiosulphate and create immense opportunities for the market growth during the forecast period.
Restraints/ Challenges
- Fluctuating prices of raw material
Volatility in the price of raw material which is used for the production of sodium thiosulphate will act as market restraint and obstruct the growth of the of the sodium thiosulphate market during the forecast period of 2022 to 2029.
This sodium thiosulphate market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sodium thiosulphate market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Recent Development
- In December of 2021, China Everbright Water, an environmental services company bagged a wastewater treatment project for Medical Sciences at the Ji’nan International Center in Shandong, China, worth USD 67.7 million. This company will mostly offer wastewater treatment services for the municipal wastewaterwhich is generated in the Meili, Taipinghe and Emei areas within the Ji’nan Medical Centre area. This project has 30 years of concession period, including a one-year construction period.
- In August 2022, Fennec Pharmaceuticals signed an investment contract with Petrichor Healthcare Capital Management and finished the first closing of USD 5 million of senior secured promissory notes as formerly declared. According to the terms of the investment agreement, Fennec Pharmaceuticals would get an extra fund from Petrichor approx, USD 20 million on completion of the approval of PEDMARK (a sodium thiosulphate-based formulation) from potential United States Food and Drug Administration (FDA) by September 30, 2022.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Sodium Thiosulphate Market Scope
The sodium thiosulphate market is segmented on the basis of grade and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Grade
- Medical Grade
- Industrial Grade
- Food Grade
- Agricultural Grade
- Others
Application
- Medical
- Photographic Processing
- Iodometry
- Gold Extraction
- Water Treatment
- Others
Sodium Thiosulphate Market Regional Analysis/Insights
The sodium thiosulphate market is analysed and market size insights and trends are provided by country, grade and application as referenced above.
The countries covered in the sodium thiosulphate market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the sodium thiosulphate market in terms of revenue and market share. This is due to the high demand from water treatment, medical and photograph processing industries medical, and photograph processing in this region. China has dominated the regional market due to the high demand from the water treatment industry.
North America is anticipated to be the fastest developing during the forecast period of 2022-2029 due to growing demand for medical applications and end-use functions and in the pharmaceutical industry. The U.S. has a massive pharmaceutical products demand which has guided to such a tendency.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sodium Thiosulphate Market Share Analysis
The sodium thiosulphate market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sodium thiosulphate market.
Some of the major players operating in the sodium thiosulphate market are:
- Esseco SRL (Italy)
- Galactic (U.S.)
- Allan Chemical Corporation (U.S.)
- Samirian Chemicals Inc. (U.S.)
- Noah Chemicals (U.S.)
- Dastech (U.S.)
- INEOS (U.K.)
- DBWINC (U.S.)
- Southern Ionics Incorporated (U.S.)
- Skyhawk Chemicals, Inc. (U.S.)
- Liyang Qingfeng Fine chemical Co.,Ltd. (China)
- Changsha weichuang chemical co.ltd (China)
- Haimen Wuyang Chemical Industry Co.,Ltd. (China)
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