Market Size of Sodium Thiosulphate Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 114.33 Million |
| Market Size (2029) | USD 149.79 Million |
| CAGR (2024 - 2029) | 5.55 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sodium Thiosulphate Market Analysis
The Sodium Thiosulphate Market size is estimated at USD 114.33 million in 2024, and is expected to reach USD 149.79 million by 2029, growing at a CAGR of 5.55% during the forecast period (2024-2029).
The COVID-19 pandemic affected the sodium thiosulphate market because of supply chain and market disruption. However, the market rebounded back in 2021-2022.
- Over the short term, the growing use of gold leaching and increasing usage in pharmaceutical applications are some driving factors stimulating the market demand.
- On the flip side, concerns about the side effects of intravenous administration are expected to hinder the market growth.
- The emerging use of sodium thiosulphate in the medical industry is likely to create opportunities for the market in the coming years.
- The Asia-Pacific region is expected to dominate the market and is likely to witness the highest CAGR during the forecast period.
