The Ammonium and Potassium Thiosulfate Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Ammonium and Potassium Thiosulfate Market is estimated to be USD xx billion in 2018 and predicted to rise to USD xx billion by 2023 with a CAGR of xx%. The market is segmented by Type (Ammonium Thiosulfate and Potassium Thiosulfate), by Method of Application (Soil Applied, Foliar Application and Fertigation). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
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.
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.
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.
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.
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