Saudi Arabia Sodium Thiosulphate Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Saudi Arabia Sodium Thiosulphate Market is segmented by Application (Medical, Photographic Processing, Gold Extraction, Water Treatment, and Other Applications).

Market Snapshot

Saudi Arabia Sodium thiosulphate market
Study Period: 2016 - 2026
Base Year: 2021
CAGR: >2 %
Saudi Arabia Sodium thiosulphate market trends

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Market Overview

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.

Scope of the Report

The Saudi Arabian sodium thiosulphate market report includes:

Application
Medical
Photographic Processing
Gold Extraction
Water Treatment
Other Applications

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Key Market Trends

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 market size

 Saudi Arabia Sodium thiosulphate industry

Competitive Landscape

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Use of Sodium Thiosulfate in the Gold Leaching Application

    2. 4.2 Restraints

      1. 4.2.1 Concerns Regarding Side Effects of the Intravenous Sodium Thiosulfate Administration

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Medical

      2. 5.1.2 Photographic Processing

      3. 5.1.3 Gold Extraction

      4. 5.1.4 Water Treatment

      5. 5.1.5 Other Applications

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AquaChemie

      2. 6.4.2 Chemsol

      3. 6.4.3 Fouz Chemical Co.

      4. 6.4.4 Merck KGaA

      5. 6.4.5 Saudi(Overseas) Marketing & Trading Company (SOMATCO)

    5. *List Not Exhaustive
    6. 6.5 List of Customers

      1. 6.5.1 Maaden - Saudi Arabian Mining Company

      2. 6.5.2 QED Environmental Systems Ltd

      3. 6.5.3 Acme Engineering Prod. Ltd

      4. 6.5.4 ENEXIO Water Technologies GmbH

      5. 6.5.5 Experts Water Technologies Co. Ltd (EWTCO)

      6. 6.5.6 SAWACO Water Desalination

      7. 6.5.7 Getinge Group Middle East

      8. 6.5.8 Julphar

      9. 6.5.9 Saudi Water Treatment Company (SWTC)

      10. 6.5.10 WETICO

      11. 6.5.11 Saudi Water Technology (SWT)

      12. 6.5.12 Reza Industrial Solution

      13. 6.5.13 AES Arabia Ltd

      14. 6.5.14 Toray Membrane Middle East LLC

      15. 6.5.15 Al-Jazira Water Treatment Chemicals

      16. 6.5.16 Fouz Chemical Co.

      17. 6.5.17 GE Water & Process Technologies (Suez)

      18. 6.5.18 Kefi Minerals

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Emerging Use of Sodium Thiosulfate in the Medical Industry

**Subject to Availability

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Frequently Asked Questions

The Saudi Arabia Sodium Thiosulphate Market market is studied from 2016 - 2026.

The Saudi Arabia Sodium Thiosulphate Market is growing at a CAGR of >2% over the next 5 years.

Saudi(Overseas) Marketing & Trading Company (SOMATCO), Fouz Chemical Co., Chemsol are the major companies operating in Saudi Arabia Sodium Thiosulphate Market.

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