Market Size of Saudi Arabia Sodium Thiosulphate Industry
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.