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Sodium Thiosulphate Market Size (2024 - 2029)

The sodium thiosulphate market is projected to experience growth over the forecast period, driven by its increasing application in gold leaching and pharmaceutical uses. Despite challenges posed by concerns over intravenous administration side effects, the market is expected to expand, particularly with emerging opportunities in the medical sector. The Asia-Pacific region is anticipated to lead in market size, showing significant growth potential.

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Market Size of Sodium Thiosulphate Industry

Sodium Thiosulphate Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 114.33 Million
Market Size (2029) USD 149.79 Million
CAGR (2024 - 2029) 5.55 %
Fastest Growing Market Asia-Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Sodium Thiosulphate Market Major Players

*Disclaimer: Major Players sorted in no particular order

Sodium Thiosulphate Market Analysis

The Sodium Thiosulphate Market size is estimated at USD 114.33 million in 2024, and is expected to reach USD 149.79 million by 2029, growing at a CAGR of 5.55% during the forecast period (2024-2029).

The COVID-19 pandemic affected the sodium thiosulphate market because of supply chain and market disruption. However, the market rebounded back in 2021-2022.

  • Over the short term, the growing use of gold leaching and increasing usage in pharmaceutical applications are some driving factors stimulating the market demand.
  • On the flip side, concerns about the side effects of intravenous administration are expected to hinder the market growth.
  • The emerging use of sodium thiosulphate in the medical industry is likely to create opportunities for the market in the coming years.
  • The Asia-Pacific region is expected to dominate the market and is likely to witness the highest CAGR during the forecast period.

Sodium Thiosulphate Industry Segmentation

Sodium thiosulphate (sodium thiosulfate) is an inorganic compound manufactured by heating sulfur with aqueous sodium hydroxide or aqueous sodium sulfite solution. The sodium thiosulphate market is segmented by application and geography. By application, the market is segmented into medical, photographic processing, gold extraction, water treatment, and other applications. The report also covers the market size and forecast for the sodium thiosulphate market in 15 countries across major regions. For each segment, the market sizing and forecast have been done on the basis of revenue (USD million).

By Application
Medical
Photographic Processing
Gold Extraction
Water Treatment
Other Applications
By Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Sodium Thiosulphate Market Size Summary

The sodium thiosulphate market is poised for significant growth over the forecast period, driven by its expanding applications in various industries. The increasing use of sodium thiosulphate in gold leaching and its rising adoption in pharmaceutical applications are key factors propelling market demand. Despite challenges such as concerns over the side effects of intravenous administration, the market is expected to benefit from emerging opportunities in the medical sector. The Asia-Pacific region is anticipated to lead the market, with countries like China and India contributing to its expansion due to their growing water treatment needs and industrial activities.

The market's growth is further supported by the rising demand for potable water and the need for effective water treatment solutions worldwide. Sodium thiosulphate's role as a de-chlorination agent in water treatment processes and its use in ballast water treatment systems underscore its importance in promoting water quality. Additionally, the market is characterized by a partially fragmented landscape with key players such as INEOS and Liyang Qingfeng Fine Chemical Co. Ltd. Recent developments, including regulatory approvals and strategic investments, highlight the ongoing advancements and potential for innovation within the market. These factors collectively suggest a positive outlook for the sodium thiosulphate market during the forecast period.

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Sodium Thiosulphate Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Use in the Gold Leaching

      2. 1.1.2 Increasing Use in Pharmaceutical Applications

    2. 1.2 Restraints

      1. 1.2.1 Concerns Regarding Side Effects of the Intravenous Sodium Thiosulphate Administration

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 By Application

      1. 2.1.1 Medical

      2. 2.1.2 Photographic Processing

      3. 2.1.3 Gold Extraction

      4. 2.1.4 Water Treatment

      5. 2.1.5 Other Applications

    2. 2.2 By Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Mexico

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 United Kingdom

        3. 2.2.3.3 Italy

        4. 2.2.3.4 France

        5. 2.2.3.5 Rest of Europe

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Middle East and Africa

        1. 2.2.5.1 Saudi Arabia

        2. 2.2.5.2 South Africa

        3. 2.2.5.3 Rest of Middle East and Africa

Sodium Thiosulphate Market Size FAQs

The Sodium Thiosulphate Market size is expected to reach USD 114.33 million in 2024 and grow at a CAGR of 5.55% to reach USD 149.79 million by 2029.

In 2024, the Sodium Thiosulphate Market size is expected to reach USD 114.33 million.

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