Ammonium Thiosulfate Market Set to Reach USD 733.3 Million by 2034, Projected at a 6.3% Annual Growth Rate
The global market for ammonium thiosulfate (ATS) fertilizers is projected to experience significant growth, with a compound annual growth rate (CAGR) of 3.5% from 2025 to 2033, according to industry reports. This growth is expected to propel the market from its current value of USD 295.7 billion in 2024 to a projected USD 403 billion by 2033.
Ammonium thiosulfate, a vital source of sulfur and nitrogen for plant growth, is primarily used in agriculture. TerraLink, for instance, provides ammonium thiosulfate solutions with a composition of 12% nitrogen and 26% sulfur, catering to this agricultural demand.
Beyond agriculture, ammonium thiosulfate also finds applications in various industrial processes, although specific details about these uses are not extensively documented.
The liquid form of ammonium thiosulfate is the most common type and is predominantly used in agricultural applications. Other forms may exist, but they are not explicitly mentioned in the available data.
The global ammonium thiosulfate market is anticipated to reach US$ 733.3 Million by 2033, reflecting the growing demand for this essential fertilizer.
Notable players in the market include Koch Industries, Inc. (Koch Fertilizer, LLC), Nutrien (Agrium), Tessenderlo, Martin Midstream Partner, Hydrite Chemical, TIB Chemicals AG, TerraLink, PCI Nitrogen, Kugler Company, Poole Chemical Company, Inc., Mears Fertilizer Inc., Shakti Chemical, Juan Messina S.A., Haimen Wuyang Chemical Industry Co., Ltd, and others.
In the agricultural sector, the USDA's Fertilizer Production Expansion Program has allocated over USD 174 million to boost domestic fertilizer manufacturing through 42 projects nationwide. Companies like Martin Midstream Partners and TerraLink are among those manufacturing ammonium thiosulfate solutions, offering products with high nitrogen and sulfur content.
As global agricultural demands rise and industries seek sustainable solutions, ammonium thiosulfate presents a valuable opportunity for stakeholders across the supply chain. Companies like Nutrien and Plant Food Company, Inc. are integrating ammonium thiosulfate into their fertilizer products to improve nitrogen use efficiency and reduce environmental impact.
Hydrite Chemical Co., for example, has expanded its storage capacity for ammonium thiosulfate at its Terre Haute, Indiana plant with a 3-million-gallon tank. Meanwhile, Tessenderlo Kerley has opened a new Thio-Sul® plant in Geleen, Netherlands, for the production of ammonium thiosulfate-based fertilizers.
In 2023, North America led the global ammonium thiosulfate market, capturing a substantial market share of 37.0%. The Indian agricultural sector is also anticipated to reach USD 24 billion by 2025, further fuelling the demand for ammonium thiosulfate.
As the ammonium thiosulfate market continues to grow, its essential role in modern agriculture and diverse industrial applications ensures its continued significance in various sectors.
The ammonium thiosulfate's industrial applications, though not as extensively documented, could potentially find a significant role in the finance sector given its usage in various processes beyond agriculture. The growing demand for ammonium thiosulfate in various sectors, including agriculture, contributes to the finance industry's interest in this essential fertilizer.
