Market Trends of Saudi Arabia Sodium Thiosulphate Industry
This section covers the major market trends shaping the Saudi Arabia Sodium Thiosulphate Market according to our research experts:
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.
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