Sodium thiosulfate (sodium thiosulphate) is an inorganic compound with the formula Na2S2O3.xH2O. It is utilized in gold mining, water treatment, analytical chemistry, the development of silver-based photographic film and prints, and medicine.
According to the report analysis, ‘Global Sodium Thiosulfate (NTS) Market, 2021-2027’ states that Alashan Lixin Chemical Co.,Ltd., Anhui Haihua Chemical Technology Co., Ltd., Anqing Suny Chemical Co., Ltd., Calabrian Corporation (subsidiary of INEOS Group), Chemiewerk Bad K�stritz GmbH, Dinox Handels-GmbH, Esseco USA LLC, Liyang Qingfeng Fine Chemical Co., Ltd., Luosen Chemicals Co., Ltd., PVS Chemical Solutions, Inc., Sankyo Kasei Co., Ltd., Southern Ionics Incorporated, TIB Chemicals AG, among others are the key players which presently functioning in the ‘Global Sodium Thiosulfate (NTS) Market’ more proficiently for keep maintaining the governing position, ruling around the globe, registering the great value of market share, generating the highest percentage of revenue, obtaining the competitive edge and leading the highest market growth by implementing the policies of profit making and strategies of expansion, increasing the applications and advantages of sodium thiosulfate, improving the qualitative and quantitative measures of such, spreading the awareness connected to features and benefits of sodium thiosulfate, delivering the better customer satisfaction, establishing the several research and development programs, and decreasing the associated prices of such.
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Region wise, Asia Pacific is predicted that this regions controls the greatest share during the recent past years due to the developing industrial segment around the region leads to propel the requirement for sodium thiosulphate. Sodium Thiosulphate is utilized as an antichlor agent for the removal of chlorine from the reaction vat in the textile and pulp industries. Increasing usage of paper & pulp as an alternative to individual use plastics also aids the growth of the market around APAC region.
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Moreover, the medical applications registered the market globally and is projected to grow throughout the forecast period due to the growing cases of kidney failure around the globe. The progressive growth in mine production of gold in Asia is also projected to boost the requirement for sodium thiosulphate. Sodium thiosulphate has presently found application in the prevention of ototoxicity persuaded by cisplatin chemotherapy. This is predicted to function as an opportunity in the future. Asia-Pacific registered the sodium thiosulphate market around the globe due to the high requirement from medical, photograph processing and water treatment industries.
Asia-Pacific region registered the global market share. The requirement for sodium thiosulfate is high from medical, photograph processing and water treatment industries of Asia-pacific region. Apart from these, factors like increasing investments in healthcare and augmenting disposable income in countries like India are also estimated to boost the requirement for sodium thiosulfate in Asia-pacific. The growing number of patients suffering from renal diseases in countries such as India and China are also predicted to boost the requirement for sodium thiosulfate in the Asia-Pacific region. These factors are likely to influence the requirement for sodium thiosulfate in the region.
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Ankur Gupta, Head Marketing & Communications