Sodium Thiosulphate Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Type (Sodium Thiosulphate Pentahydrate, Sodium Thiosulphate Anhydrous); By Grade (Medical Grade, Industrial Grade, Food Grade, Agricu

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from $4,850	200 Pages	BlueWeave Consulting	January, 2023	BLWC18215435

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Price	from $4,850
Length	200 Pages
Publisher	BlueWeave Consulting
Published Date	January, 2023
SKU	BLWC18215435

Sodium Thiosulphate Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Type (Sodium Thiosulphate Pentahydrate, Sodium Thiosulphate Anhydrous); By Grade (Medical Grade, Industrial Grade, Food Grade, Agricultural Grade); By Application (Medication, Dechlorination Agent, Oxygen Scavenger, Cyanide Destruction Leaching, Oil Well Drilling, Food Additives); By End-Use Industry (Medical, Photographic Processing, Iodometry, Gold Extraction, Water Treatment); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)

Global Sodium Thiosulphate Market Size Set to Touch USD 158 Million by 2029

Global sodium thiosulphate market is flourishing because of rising incidences of chronic kidney failure disorder and a surging demand of sodium thiosulphate for water treatment.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global sodium thiosulphate market size at USD 104.75 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects global sodium thiosulphate market size to grow at a significant CAGR of 6.1% reaching a value of USD 158.02 million by 2029. Major growth factors for global sodium thiosulphate market include increasing product demand in the healthcare and medical industries, growing healthcare and medical sector and advancements in these sectors. Similarly, the rising prevalence of chronic kidney failure illnesses, particularly calciphylaxis, is expected to drive demand for sodium thiosulphate. According to reputable estimates, calciphylaxis affects 1% to 4.5% of dialysis patients, with the majority of patients being diabetic, obese, or suffering from chronic liver disease. For the treatment of calciphylaxis, sodium thiosulphate serves as an antioxidant and calcium chelating agent. Also, developing mining operations in various regions, such as North America and Asia Pacific are paving the way for the sodium thiosulphate market in the coming years. According to Gold.org, global gold mining contributes around 2,500 to 3,000 tons of gold to the total above-ground supply of gold each year. Therefore, these factors are expected to boost the expansion of global sodium thiosulphate market during the period in analysis. However, increasing cost of the raw materials is anticipated to restrain the market growth.

Global Sodium Thiosulphate Market – Overview

Sodium thiosulphate is a colorless inorganic sodium salt that dissolves readily in water. It is made up of sodium and thiosulfate ions in a 2:1 ratio. It is used in the treatment of photographic paper and films. Prior to discharge into the environment, sodium thiosulphate liquid is employed to de-chlorinate ballast waters. The increasing use of sodium thiosulphate for heavy metal removal from industrial wastewater is estimated to drive the global sodium thiosulphate market size during the forecast period. Rising demand for sodium thiosulphate from the healthcare sector for the creation of antidotes used to treat cyanide poisoning contributes to market expansion. Sodium thiosulphate is widely used in gold extraction. This compound is also employed as a cyanide replacement lixiviant. In iodometry, sodium thiosulphate is employed as a measurement agent for oxygen in water for approximating substances such as hydrogen peroxide. This is expected to boost the sodium thiosulphate market overall throughout the forecast period. Consumers' growing worry about their health is expected to benefit the whole market during the next seven years. Another key end-use business is water treatment. It is used to reduce chlorine levels and to treat settled backwash water in swimming pools, spas, and aquarium.

Global Sodium Thiosulphate Market – By Application

Based on application, global sodium thiosulphate market is divided into Medical, Photographic Processing, Iodometry, Gold Extraction, and Water Treatment segments. The water treatment segment held the highest market share. Sodium thiosulphate neutralizes chlorine, avoiding additional bactericidal effects on organisms in transit water. It also forms soluble complexes with heavy metals like lead, mercury, arsenic, and cadmium, making it easier to remove them from industrial waste effluents. Heavy metals are carcinogens, which can destroy the lungs, liver, kidneys, and other important organs. As a result, rising health concerns and demand for freshwater drive the sodium thiosulphate industry forward. According to the Organization for Economic Cooperation and Development (OECD), worldwide freshwater consumption is expected to rise by 55% between 2000 and 2050. It, in turn, is expected to boost the growth of the water treatment segment.

Competitive Landscape

Major players operating in global sodium thiosulphate market include Esseco SRL, Galactic, Allan Chemical Corporation, Samirian Chemicals Inc., Noah Chemicals, Dastech, INEOS, DBWINC, Southern Ionics Incorporated, Skyhawk Chemicals, Inc., Liyang Qingfeng Fine chemical Co. Ltd, Changsha weichuang chemical Co. Ltd, and Haimen Wuyang Chemical Industry Co. Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Sodium Thiosulphate Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Sodium Thiosulphate Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

1. Research Framework: 1.1. Research Objective; 1.2. Product Overview; 1.3. Market Segmentation
2. Executive Summary
3. Global Sodium Thiosulphate Market Insights: 3.1. Industry Value Chain Analysis; 3.1.1. DROC Analysis; 3.1.2. Growth Drivers; 3.1.2.1. Rising Demand of Sodium Thiosulphate for Water Treatment; 3.1.2.2. Increasing Incidences of Chronic Kidney Failure Disorders; 3.1.3. Restraints; 3.1.3.1. Fluctuating price of Raw Material; 3.1.4. Opportunities; 3.1.4.1. Various Application Associated with Sodium Thiosulphate; 3.1.5. Challenges; 3.2. Technology Advancements/Recent Developments; 3.3. Regulatory Framework; 3.4. Porter’s Five Forces Analysis; 3.4.1. Bargaining Power of Suppliers; 3.4.2. Bargaining Power of Buyers; 3.4.3. Threat of New Entrants; 3.4.4. Threat of Substitutes; 3.4.5. Intensity of Rivalry
4. Global Sodium Thiosulphate Market Overview: 4.1. Market Size & Forecast, 2019–2029; 4.1.1. By Value (USD Million); 4.2. Market Share & Forecast; 4.2.1. By Type; 4.2.1.1. Sodium Thiosulphate Pentahydrate; 4.2.1.2. Sodium Thiosulphate Anhydrous; 4.2.2. By Grade; 4.2.2.1. Medical Grade; 4.2.2.2. Industrial Grade; 4.2.2.3. Food Grade; 4.2.2.4. Agricultural Grade; 4.2.2.5. Others; 4.2.3. By Application; 4.2.3.1. Medication; 4.2.3.2. Dechlorination agent; 4.2.3.3. Oxygen Scavenger; 4.2.3.4. Cyanide Destruction Leaching; 4.2.3.5. Oil Well Drilling; 4.2.3.6. Food Additives; 4.2.3.7. Others; 4.2.4. By End-Use Industry; 4.2.4.1. Medical; 4.2.4.2. Photographic Processing; 4.2.4.3. Iodometry; 4.2.4.4. Gold Extraction; 4.2.4.5. Water Treatment; 4.2.4.6. Others; 4.2.5. By Region; 4.2.5.1. North America; 4.2.5.2. Europe; 4.2.5.3. Asia Pacific (APAC); 4.2.5.4. Latin America; 4.2.5.5. Middle East and Africa (MEA)
5. North America Sodium Thiosulphate Market: 5.1. Market Size & Forecast, 2019–2029; 5.1.1. By Value (USD Million); 5.2. Market Share & Forecast; 5.2.1. By Type; 5.2.2. By Grade; 5.2.3. By Application; 5.2.4. By End-Use Industry; 5.2.5. By Country; 5.2.5.1. US; 5.2.5.1.1. By Type; 5.2.5.1.2. By Grade; 5.2.5.1.3. By Application; 5.2.5.1.4. By End-Use Industry; 5.2.5.2. Canada; 5.2.5.2.1. By Type; 5.2.5.2.2. By Grade; 5.2.5.2.3. By Application; 5.2.5.2.4. By End-Use Industry
6. Europe Sodium Thiosulphate Market: 6.1. Market Size & Forecast, 2019–2029; 6.1.1. By Value (USD Million); 6.2. Market Share & Forecast; 6.2.1. By Type; 6.2.2. By Grade; 6.2.3. By Application; 6.2.4. By End-Use Industry; 6.2.5. By Country; 6.2.5.1. Germany; 6.2.5.1.1. By Type; 6.2.5.1.2. By Grade; 6.2.5.1.3. By Application; 6.2.5.1.4. By End-Use Industry; 6.2.5.2. UK; 6.2.5.2.1. By Type; 6.2.5.2.2. By Grade; 6.2.5.2.3. By Application; 6.2.5.2.4. By End-Use Industry; 6.2.5.3. Italy; 6.2.5.3.1. By Type; 6.2.5.3.2. By Grade; 6.2.5.3.3. By Application; 6.2.5.3.4. By End-Use Industry; 6.2.5.4. France; 6.2.5.4.1. By Type; 6.2.5.4.2. By Grade; 6.2.5.4.3. By Application; 6.2.5.4.4. By End-Use Industry; 6.2.5.5. Spain; 6.2.5.5.1. By Type; 6.2.5.5.2. By Grade; 6.2.5.5.3. By Application; 6.2.5.5.4. By End-Use Industry; 6.2.5.6. The Netherlands; 6.2.5.6.1. By Type; 6.2.5.6.2. By Grade; 6.2.5.6.3. By Application; 6.2.5.6.4. By End-Use Industry; 6.2.5.7. Rest of Europe; 6.2.5.7.1. By Type; 6.2.5.7.2. By Grade; 6.2.5.7.3. By Application; 6.2.5.7.4. By End-Use Industry
7. Asia Pacific Sodium Thiosulphate Market: 7.1. Market Size & Forecast, 2019–2029; 7.1.1. By Value (USD Million); 7.2. Market Share & Forecast; 7.2.1. By Type; 7.2.2. By Grade; 7.2.3. By Application; 7.2.4. By End-Use Industry; 7.2.5. By Country; 7.2.5.1. China; 7.2.5.1.1. By Type; 7.2.5.1.2. By Grade; 7.2.5.1.3. By Application; 7.2.5.1.4. By End-Use Industry; 7.2.5.2. India; 7.2.5.2.1. By Type; 7.2.5.2.2. By Grade; 7.2.5.2.3. By Application; 7.2.5.2.4. By End-Use Industry; 7.2.5.3. Japan; 7.2.5.3.1. By Type; 7.2.5.3.2. By Grade; 7.2.5.3.3. By Application; 7.2.5.3.4. By End-Use Industry; 7.2.5.4. South Korea; 7.2.5.4.1. By Type; 7.2.5.4.2. By Grade; 7.2.5.4.3. By Application; 7.2.5.4.4. By End-Use Industry; 7.2.5.5. Australia & New Zealand; 7.2.5.5.1. By Type; 7.2.5.5.2. By Grade; 7.2.5.5.3. By Application; 7.2.5.5.4. By End-Use Industry; 7.2.5.6. Indonesia; 7.2.5.6.1. By Type; 7.2.5.6.2. By Grade; 7.2.5.6.3. By Application; 7.2.5.6.4. By End-Use Industry; 7.2.5.7. Malaysia; 7.2.5.7.1. By Type; 7.2.5.7.2. By Grade; 7.2.5.7.3. By Application; 7.2.5.7.4. By End-Use Industry; 7.2.5.8. Singapore; 7.2.5.8.1. By Type; 7.2.5.8.2. By Grade; 7.2.5.8.3. By Application; 7.2.5.8.4. By End-Use Industry; 7.2.5.9. Philippines; 7.2.5.9.1. By Type; 7.2.5.9.2. By Grade; 7.2.5.9.3. By Application; 7.2.5.9.4. By End-Use Industry; 7.2.5.10. Vietnam; 7.2.5.10.1. By Type; 7.2.5.10.2. By Grade; 7.2.5.10.3. By Application; 7.2.5.10.4. By End-Use Industry; 7.2.5.11. Rest of APAC; 7.2.5.11.1. By Type; 7.2.5.11.2. By Grade; 7.2.5.11.3. By Application; 7.2.5.11.4. By End-Use Industry
8. Latin America Sodium Thiosulphate Market: 8.1. Market Size & Forecast, 2019–2029; 8.1.1. By Value (USD Million); 8.2. Market Share & Forecast; 8.2.1. By Type; 8.2.2. By Grade; 8.2.3. By Application; 8.2.4. By End-Use Industry; 8.2.5. By Country; 8.2.5.1. Brazil; 8.2.5.1.1. By Type; 8.2.5.1.2. By Grade; 8.2.5.1.3. By Application; 8.2.5.1.4. By End-Use Industry; 8.2.5.2. Mexico; 8.2.5.2.1. By Type; 8.2.5.2.2. By Grade; 8.2.5.2.3. By Application; 8.2.5.2.4. By End-Use Industry; 8.2.5.3. Argentina; 8.2.5.3.1. By Type; 8.2.5.3.2. By Grade; 8.2.5.3.3. By Application; 8.2.5.3.4. By End-Use Industry; 8.2.5.4. Peru; 8.2.5.4.1. By Type; 8.2.5.4.2. By Grade; 8.2.5.4.3. By Application; 8.2.5.4.4. By End-Use Industry; 8.2.5.5. Rest of LATAM; 8.2.5.5.1. By Type; 8.2.5.5.2. By Grade; 8.2.5.5.3. By Application; 8.2.5.5.4. By End-Use Industry
9. Middle East & Africa Sodium Thiosulphate Market: 9.1. Market Size & Forecast, 2019–2029; 9.1.1. By Value (USD Million); 9.2. Market Share & Forecast; 9.2.1. By Type; 9.2.2. By Grade; 9.2.3. By Application; 9.2.4. By End-Use Industry; 9.2.5. By Country; 9.2.5.1. Saudi Arabia; 9.2.5.1.1. By Type; 9.2.5.1.2. By Grade; 9.2.5.1.3. By Application; 9.2.5.1.4. By End-Use Industry; 9.2.5.2. UAE; 9.2.5.2.1. By Type; 9.2.5.2.2. By Grade; 9.2.5.2.3. By Application; 9.2.5.2.4. By End-Use Industry; 9.2.5.3. Qatar; 9.2.5.3.1. By Type; 9.2.5.3.2. By Grade; 9.2.5.3.3. By Application; 9.2.5.3.4. By End-Use Industry; 9.2.5.4. Kuwait; 9.2.5.4.1. By Type; 9.2.5.4.2. By Grade; 9.2.5.4.3. By Application; 9.2.5.4.4. By End-Use Industry; 9.2.5.5. South Africa; 9.2.5.5.1. By Type; 9.2.5.5.2. By Grade; 9.2.5.5.3. By Application; 9.2.5.5.4. By End-Use Industry; 9.2.5.6. Nigeria; 9.2.5.6.1. By Type; 9.2.5.6.2. By Grade; 9.2.5.6.3. By Application; 9.2.5.6.4. By End-Use Industry; 9.2.5.7. Algeria; 9.2.5.7.1. By Type; 9.2.5.7.2. By Grade; 9.2.5.7.3. By Application; 9.2.5.7.4. By End-Use Industry; 9.2.5.8. Rest of MEA; 9.2.5.8.1. By Type; 9.2.5.8.2. By Grade; 9.2.5.8.3. By Application; 9.2.5.8.4. By End-Use Industry
10. Competitive Landscape: 10.1. List of Key Players and Their Offerings; 10.2. Global Sodium Thiosulphate Company Market Share Analysis, 2022; 10.3. Competitive Benchmarking, By Operating Parameters; 10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
11. Impact of Covid-19 on Global Sodium Thiosulphate Market
12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis): 12.1. Esseco SRL; 12.2. Galactic; 12.3. Allan Chemical Corporation; 12.4. Samirian Chemicals Inc.; 12.5. Noah Chemicals; 12.6. Dastech; 12.7. INEOS; 12.8. DBWINC; 12.9. Southern Ionics Incorporated; 12.10. Skyhawk Chemicals, Inc.; 12.11. Liyang Qingfeng Fine chemical Co.,Ltd.; 12.12. Changsha weichuang chemical co.ltd; 12.13. Haimen Wuyang Chemical Industry Co.,Ltd; 12.14. Other Prominent Players
13. Key Strategic Recommendations
14. Research Methodology: 14.1. Qualitative Research; 14.1.1. Primary & Secondary Research; 14.2. Quantitative Research; 14.3. Market Breakdown & Data Triangulation; 14.3.1. Secondary Research; 14.3.2. Primary Research; 14.4. Breakdown of Primary Research Respondents, By Region; 14.5. Assumptions & Limitations

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