Asia Pacific Ammonium And Potassium Thiosulfate Market

Asia Pacific Ammonium and Potassium Thiosulfate Market Size, Growth, Trends and Forecast:

Asia Pacific Ammonium and Potassium Thiosulfate Market was worth USD xx billion in 2021 and is projected to grow at a CAGR of xx%, to reach USD xx billion by 2026.

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, fertigation applications.

Asia Pacific Ammonium and Potassium Thiosulfate Market Drivers:

Growing demand for water soluble macro nutrient 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, availability of various alternatives to these fertilizers and growing trend of organic agriculture are inhibiting the market growth.

 Asia Pacific Ammonium and Potassium Thiosulfate Market Segmentation:

Asia Pacific 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.

Asia Pacific Ammonium and Potassium Thiosulfate Market – By Application:

• Soil Applied
• Foliar Application and Fertigation

Regional Analysis:

On the basis of region, the Asia Pacific Ammonium and Potassium Thiosulfate market is segmented into China, India, Japan, Australia and South Korea. China leads the market in this region. India and Australia also contribute significantly to the market share. This is due to the shift of manufacturers towards untapped markets of Asia Pacific region.

Key Players:

Some of the major players in Ammonium and Potassium Thiosulfate market are Tessenderlo Group, Koch Fertilizer, Agrium, Martin Midstream Partners, Rentech Nitrogen, Poole Chem, Mears Fertilizer, Hydrite Chemical, Kugler, and R.W. Griffin.