Saudi Arabia Sodium Thiosulphate Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 2.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Sodium Thiosulphate Market Analysis
The Saudi Arabian sodium thiosulphate is estimated to witness a moderate growth, at an estimated CAGR of over 2%, over the forecast period. The major factor driving the growth of the market studied is the growing use of sodium thiosulfate in gold leaching applications.
- Concerns regarding side effects of the intravenous sodium thiosulfate administration is expected to hinder the growth of the market studied.
- Emerging use of sodium thiosulfate in the medical industry is likely to create opportunities in the future.
Saudi Arabia Sodium Thiosulphate Market Trends
This section covers the major market trends shaping the Saudi Arabia Sodium Thiosulphate Market according to our research experts:
Increasing Demand from Water Treatment Applications
- Sodium thiosulfate can be used as a dechlorination agent for swimming pools and aquariums and within water treatment plants to treat settled backwash water prior to release into rivers.
- Sodium thiosulfate reacts with the chlorine in chlorinated water by neutralizing it, thus, making the water safe. Standard tap water usually has a chlorine content of around 3-4 ppm chlorine, this level can be toxic to pond or aquarium fish, so treatment of tap water is always essential before replacing pond or aquarium water.
- Saudi Arabia has emerged as a rapidly growing energy consumer in the Middle Eastern region. The expensive national industrialization program, in addition to rapid urbanization, has led to an increase in the demand for power by 7-10% year-on-year. Many new power generation projects are in the offing, which, in turn, are expected to augment the demand for water treatment applications in the country.
- Many investments and collaborations in petrochemical sector are ongoing in the country, which are expected to provide opportunities for the growth of the water treatment applications market in the future.
- Saudi Aramco and SABIC have also signed a memorandum of understanding to build a complex worth USD 20 billion to convert crude oil into chemicals in the country. The operation is expected to start in 2025, processing around 400 thousand barrels per day of crude oil to produce about 9 million metric ton of chemicals.
- Overall, the water treatment segment is estimated to witness a steady growth during the forecast period.
Saudi Arabia Sodium Thiosulphate Industry Overview
The Saudi Arabian sodium thiosulfate market is fully import-based, with no production base in the country. The Saudi Arabian sodium thiosulfate market is dominated by distributors who markets the products developed by other manufacturers in Saudi Arabia. Major players in the market include Saudi (Overseas) Marketing & Trading Company (SOMATCO), Fouz Chemical Co., AquaChemie, and Chemsol, among others.
Saudi Arabia Sodium Thiosulphate Market Leaders
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Saudi(Overseas) Marketing & Trading Company (SOMATCO)
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Fouz Chemical Co.
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Chemsol
*Disclaimer: Major Players sorted in no particular order
Saudi Arabia Sodium Thiosulphate Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Growing Use of Sodium Thiosulfate in the Gold Leaching Application
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4.2 Restraints
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4.2.1 Concerns Regarding Side Effects of the Intravenous Sodium Thiosulfate Administration
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4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Application
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5.1.1 Medical
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5.1.2 Photographic Processing
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5.1.3 Gold Extraction
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5.1.4 Water Treatment
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5.1.5 Other Applications
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 AquaChemie
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6.4.2 Chemsol
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6.4.3 Fouz Chemical Co.
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6.4.4 Merck KGaA
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6.4.5 Saudi(Overseas) Marketing & Trading Company (SOMATCO)
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- *List Not Exhaustive
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6.5 List of Customers
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6.5.1 Maaden - Saudi Arabian Mining Company
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6.5.2 QED Environmental Systems Ltd
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6.5.3 Acme Engineering Prod. Ltd
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6.5.4 ENEXIO Water Technologies GmbH
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6.5.5 Experts Water Technologies Co. Ltd (EWTCO)
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6.5.6 SAWACO Water Desalination
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6.5.7 Getinge Group Middle East
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6.5.8 Julphar
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6.5.9 Saudi Water Treatment Company (SWTC)
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6.5.10 WETICO
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6.5.11 Saudi Water Technology (SWT)
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6.5.12 Reza Industrial Solution
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6.5.13 AES Arabia Ltd
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6.5.14 Toray Membrane Middle East LLC
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6.5.15 Al-Jazira Water Treatment Chemicals
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6.5.16 Fouz Chemical Co.
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6.5.17 GE Water & Process Technologies (Suez)
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6.5.18 Kefi Minerals
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Emerging Use of Sodium Thiosulfate in the Medical Industry
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Saudi Arabia Sodium Thiosulphate Industry Segmentation
The Saudi Arabian sodium thiosulphate market report includes:
| Application | |
| Medical | |
| Photographic Processing | |
| Gold Extraction | |
| Water Treatment | |
| Other Applications |
Saudi Arabia Sodium Thiosulphate Market Research FAQs
What is the current Saudi Arabia Sodium Thiosulphate Market size?
The Saudi Arabia Sodium Thiosulphate Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)
Who are the key players in Saudi Arabia Sodium Thiosulphate Market?
Saudi(Overseas) Marketing & Trading Company (SOMATCO), Fouz Chemical Co. and Chemsol are the major companies operating in the Saudi Arabia Sodium Thiosulphate Market.
What years does this Saudi Arabia Sodium Thiosulphate Market cover?
The report covers the Saudi Arabia Sodium Thiosulphate Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Saudi Arabia Sodium Thiosulphate Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Saudi Arabia Sodium Thiosulphate Industry Report
Statistics for the 2024 Saudi Arabia Sodium Thiosulphate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Saudi Arabia Sodium Thiosulphate analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
