Ammonium And Potassium Thiosulfate Market

Global Ammonium and Potassium Thiosulfate Market Size (2024 to 2032)

The global ammonium and potassium thiosulfate market was valued at USD 342.99 million in 2023 and is anticipated to reach USD 365.98 billion in 2024 from USD 614.84 billion by 2032, growing at a CAGR of 6.7% from 2024 to 2032.  

Ammonium thiosulfate is a great source of nitrogen and sulfur. It contains 26% of sulfur and 12% of nitrogen, both of which are major components of plant proteins. Potassium Thiosulfate is an excellent source of potash and sulfur. It contains 17% sulfur and 25% of potash. Potash is one of the most essential nutrients required by the plants.

Both ammonium and potassium thiosulfate are used as fertilizers in a variety of crops. Moreover, both are compatible with each other when mixed in any ratio. They can be applied as starter fertilizers for corn and other small-seeded crops. They can be used on crops, ornamental shrubs, and golf courses through soil, foliar, and fertigation applications.

Market Drivers

Growing demand for water-soluble micronutrient fertilizers, compatibility of ammonium and potassium thiosulfate fertilizers with many crop protection chemicals, and the wide range of applications of these products are driving the market growth. However, the availability of various alternatives to these fertilizers and the growing trend of organic agriculture are inhibiting the market growth.

REPORT COVERAGE

SEGMENT ANALYSIS

This research report on the global Ammonium and Potassium Thiosulfate Market is segmented and sub-segmented into the following categories.

Ammonium and Potassium Thiosulfate Market By Type

• Ammonium Thiosulfate and Potassium Thiosulfate.

Potassium thiosulfate holds the largest market share by a small margin due to its application as a starter and pop-up fertilizer apart from normal applications. Ammonium thiosulfate is widely applied using fertigation and foliar methods as it is widely available as liquid fertilizer. Potassium thiosulfate is applied using all three of the application methods and the method is chosen depending on the type of crop it is used on.

Ammonium and Potassium Thiosulfate Market By Application

• Soil Applied
• Foliar Application and Fertigation

REGIONAL ANALYSIS

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

North America leads the ammonium and potassium thiosulfate market due to the high market penetration and high usage rate on corn crops. Asia Pacific is the fastest-growing market due to the large demand for water-soluble fertilizers in China and India.

KEY MARKET PLAYERS

Tessenderlo Group, Koch Fertilizer, Agrium, Martin Midstream Partners, Rentech Nitrogen, Poole Chem, Mears Fertilizer, Hydrite Chemical, Kugler, R.W. Griffin. Some of the market payers dominate the global ammounium and potassium thiosulfate market.