Ammonium Thiosulfate Market was valued at USD 408.22 Mn in 2024, and Global Ammonium Thiosulfate Market is expected to reach USD 637.98 Mn by 2032, growing at a CAGR of 5.74 % during the forecast period.Ammonium Thiosulfate Market Overview:
Ammonium Thiosulfate is used in the leaching of gold and silver, and in photographic fixing salt. Inorganic ammonium salt composed of ammonium and thiosulfate ions in a 2:1 ratio. It has a role as a fertilizer, an herbicide safener, a bleaching agent, and a reducing agent. It encompasses all aspects of the supply chain, from the manufacturing of ATS from raw materials (like ammonia, water, and sulfur dioxide) to its various applications in end-use industries. The commercial market for Ammonium Thiosulfate (ATS) has been experiencing a high growth rate, as it helps improve the soil platform and has various applications in industry. The market is categorized as Solid (more than 68 percent share) and Liquid category and on the application sector Fertilizers dominates the sector with 37 percent revenue share. The highest consumer (53.72 percent share in 2024) is North America. Major industry players such as Tessenderlo Kerley, Koch Fertilizer (one of which is a large acquisition in 2024), and Nutrien are setting up new capacities and concentrating on sustainable and high-efficiency production to fulfill the rising demand worldwide. It is growing because it is very important in improving the fertility of the soil (increase crop yields by 9-11%) Ammonium thiosulfate market is dominated by the Solid ATS segment with a share of more than 68 per cent whereas the application segment with fertilizers has the leading share of 37 per cent revenue share. The largest consumer at the current moment is North America, which has the majority share of 53.72 in the world market.To know about the Research Methodology :- Request Free Sample Report
Ammonium Thiosulfate Market Dynamics:
Enhanced Soil Fertility and Applications to Drive Ammonium Thiosulfate Market Growth The increasing use of Ammonium Thiosulfate Fertilizer in Agricultural applications, Industrial applications, and other industries is driving the growth of the Ammonium Thiosulfate market across the world. Ammonium Thiosulfate exerts inhibitory activity at a large agronomic rate of 2500-5000 mg/kg soil, which enhances the fertile rate of the soil. It also slows nitrification, the conversion of ammonium to nitrate, which can reduce the loss of nitrate to the air and water. Regulatory Pressures and Environmental Considerations to Restrain Ammonium Thiosulfate Market Ammonium thiosulfate is an eco-friendly and natural product without adverse impacts on the environment, which positively contributes to the Ammonium Thiosulfate Market, whereas the exacting guidelines such as product safety and chemical storage maintenance restrains the growth of the ammonium thiosulfate market. Ammonium thiosulfate is subjected to stringent regulations governing its manufacture, distribution, and usage, especially in the agricultural and industrial domains.Ammonium Thiosulfate Market Segment Analysis:
Based on the Type the market is segmented into Solid and Liquid types. With the several applications of the solid types of Ammonium Thiosulfate, it captured the largest product segment, accounting for more than 68% of the market in 2022. The solid segment is expected to grow with the highest CAGR of 6.3% during the forecast period. The solid type segment is expected to remain the key segment type of Ammonium thiosulfate thanks to substantial demand for the inorganic compound for various other industries including mining and treatment of industrial wastewater. Based on Application, the market is segmented into Fertilizers, Water Treatment Products, Industrial Fluid, Photochemicals, and others. The fertilizers segment has acquired the highest market share of 37% by revenue over the forecast period, owing to increasing demand for Ammonium Thiosulfate in Grain Fertilizer, Cash Crop Fertilizer Agricultural Applications. As growing demand for this segment, manufacturers are focusing on the introduction of advanced technology for the product, which fuels a high growth rate for this segment.Ammonium Thiosulfate Market Regional Insights:
North America region is the largest Ammonium Thiosulfate market consumer in the world during 2024 and it has accounted for more than half of the global consumption of Market share around, 53.72% in terms of revenue. Growth in the region is supported by the presence of major producers and agriculture sector in the region. Europe Occupied significant Ammonium Thiosulfate Market share accounted for more than 28% in 2024. The Asia Pacific region is expected to grow significantly in the global Ammonium Thiosulfate market due to lower current market product penetration rates and rising awareness of sustainable agricultural essentials. The Middle East and African market is expected to grow at a slow pace due to poor demand. The objective of the report is to present a comprehensive analysis of the Ammonium Thiosulfate Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the Ammonium Thiosulfate Market dynamic, structure by analyzing the market segments and project the Ammonium Thiosulfate Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Ammonium Thiosulfate Market make the report investor’s guide. Ammonium Thiosulfate Market Competitor Analysis: Top key Players in Ammonium Thiosulfate Market are Tessenderlo Kerley, Inc., Koch Fertilizer, LLC, Nutrien Ltd., TIB Chemicals AG. Tessenderlo Kerley, Inc. focusing on manufacturing liquid fertilizers based on sulfur such as ATS, and its parent Tessenderlo Group mark good financial performance in 2024. Koch Fertilizer, LLC already made a major acquisition when, in September 2024, it bought the plant of OCI Global in Wever, Iowa, having an estimated capacity of 1.2M tons of nitrogen fertilizer, with a total price tag of nearly 3.6 billion, which also has a direct effect on the provision of ATS. Nutrien Ltd., among the world leaders in crop inputs, showed that its financial position was strong to support strategic investments in its expanded fertilizer portfolio at $5.4 billion adjusted EBITDA in 2024. TIB Chemicals AG increased its North American operations when it acquired REAXIS Inc. in January 2025, a firm that deals with specialty additives, although it enhances its general chemical position. Kugler Company is a well-known regional player in the U.S, whose innovation is on customized liquid fertilizer solutions. Although Martin Midstream Partners L.P. recorded a net loss of 1.0 million in Q1 2025, adjusted EBITDA of its sulfur services business went up as volumes rose and its new joint venture came online, underscoring the fact that sulfur-based products remain a key source of revenue to Martin Midstream. Such activities and especially key purchases are a sign of a process of market consolidation and building of vertical integration to satisfy an increasing global interest in the efficient fertilizers. Ammonium Thiosulfate Market Key Trends: • Growing Demand for High-Efficiency Fertilizers Global population growth, there's an urgent need to increase crop yields and optimize soil fertility. ATS, as a dual source of nitrogen and sulfur, significantly boosts crop productivity (9-11% yield increase) and improves soil efficiency, making it a preferred choice for modern agricultural practices. • Rise of Precision Agriculture and Sustainable Farming The increasing adoption of precision farming techniques, which involve targeted nutrient application and data analytics, is driving demand for liquid fertilizers like ATS. Its ability to be precisely applied, enhance nutrient uptake, and potentially reduce environmental impact aligns with sustainable agriculture goals • Preference for Liquid Fertilizers Liquid ATS offers ease of application and superior solubility, making it highly compatible with modern fertigation systems and foliar sprays. This preference for liquid forms over solid forms is a notable trend, despite solid ATS still holding a larger market share. • Infrastructure Expansion in Emerging Economies Rapid investments in fertilizer blending and distribution hubs in regions like Latin America, Southeast Asia, and Sub-Saharan Africa are paving the way for wider ATS penetration, supported by government priorities on food security. Ammonium Thiosulfate Market Key Development:
Year Company Name Key Development 22 March 2023 Tessenderlo Kerley, Inc. (US) Acquired marketing and sales activities for ATS fertilizers produced by Esseco Srl in Italy, enhancing European presence. 22 Jan 2025 Tessenderlo Kerley, Inc.(US) Scheduled grand opening for their new Thio-Sul® (ATS) manufacturing plant in Defiance, Ohio, increasing production capacity. 12 Sep 2024 Koch Fertilizer, LLC (US) Completed acquisition of OCI Global's Wever, Iowa fertilizer plant ($3.6 billion), significantly expanding nitrogen fertilizer production. 11 May 2025 Koch Fertilizer, LLC (US) Four sites (Enid, Wever, Canada, Beatrice) earned 2024 Energy Star Certification, highlighting operational efficiency in fertilizer production. 2 May 2025 Nutrien Ltd. (Canada) Reported strong Q1 2025 potash sales volumes and increased ammonia operating rates, signaling positive outlook for fertilizer segment. Ammonium Thiosulfate Market Scope: Inquire before buying
Ammonium Thiosulfate Market Report Coverage Details Base Year: 2024 Forecast Period: 2025-2032 Historical Data: 2019 to 2024 Market Size in 2024: USD 408.22 Mn. Forecast Period 2025 to 2032 CAGR: 5.74 % Market Size in 2032: USD 637.98 Mn. Segments Covered: by Type Solid Liquid by Application Fertilizers Water Treatment Product Industrial Fluid Photochemical Ammonium Thiosulfate Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Ammonium Thiosulfate Market Key Players:
North America 1. Tessenderlo Kerley, Inc. (United States) 2. Koch Fertilizer, LLC (United States) 3. Nutrien Ltd. (Canada/United States) 4. Kugler Company (United States) 5. Martin Midstream Partners L.P. (United States) 6. Bunge Limited (United States) Europe 1. Tessenderlo Group NV (Belgium) 2. TIB Chemicals AG (Germany) 3. SKW Stickstoffwerke Piesteritz GmbH (Germany) 4. Yara International ASA (Norway) 5. Esseco Srl (Italy) Asia Pacific 1. Sumitomo Chemical Co., Ltd. (Japan) 2. Showa Denko K.K. (Japan) 3. Wuzhou Sun Shine Forestry and Chemicals Co., Ltd. (China) 4. Haimen Wuyang Chemical Co., Ltd. (China) 5. Hubei Yihua Chemical Industry Co., Ltd. (China) 6. Shakti Chemicals (India) Middle East & Africa 1. SABIC (Saudi Basic Industries Corporation) (Saudi Arabia) 2. Sasol Ltd. (South Africa) 3. OCI N.V. (Netherlands) 4. African Resins & Chemicals (Pty) Ltd. (South Africa) South America 1. Juan Messina S.A. (Argentina) 2. Grupo Resinas Brasil (GRB) (Brazil)Frequently Asked Questions:
1. Which region has the largest share in Global Ammonium Thiosulfate Market? Ans: North America region held the highest share in 2024. 2. What is the Growth rate of Global Ammonium Thiosulfate Market? Ans: The Global Ammonium Thiosulfate Market is growing at a CAGR of 5.74 % during forecasting period 2025-2032. 3. What is scope of the Global Ammonium Thiosulfate Market report? Ans: Global Ammonium Thiosulfate Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in the Global Ammonium Thiosulfate Market? Ans: The important key players in the Global Ammonium Thiosulfate Market are – Tessenderlo Kerley, Inc., Koch Fertilizer, LLC, Nutrien Ltd., TIB Chemicals AG 5. What is the study period of this Market? Ans: The Global Ammonium Thiosulfate Market is studied from 2024 to 2032.
1. Ammonium Thiosulfate Market Introduction 1.1. Study Assumptions and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Ammonium Thiosulfate Market: Competitive Landscape 2.1. Ecosystem Analysis 2.2. MMR Competition Matrix 2.3. Competitive Landscape 2.4. Key Players Benchmarking 2.4.1. Company Name 2.4.2. Service Segment 2.4.3. End-user Segment 2.4.4. Revenue (2024) 2.4.5. Company Locations 2.5. Market Structure 2.5.1. Market Leaders 2.5.2. Market Followers 2.5.3. Emerging Players 2.6. Mergers and Acquisitions Details 2.7. KANO Model Analysis 3. Ammonium Thiosulfate Market: Dynamics 3.1. Region-wise Trends of Ammonium Thiosulfate Market 3.1.1. North America Ammonium Thiosulfate Market Trends 3.1.2. Europe Ammonium Thiosulfate Market Trends 3.1.3. Asia Pacific Ammonium Thiosulfate Market Trends 3.1.4. Middle East and Africa Ammonium Thiosulfate Market Trends 3.1.5. South America Ammonium Thiosulfate Market Trends 3.2. Ammonium Thiosulfate Market Dynamics 3.3. Ammonium Thiosulfate Market Drivers 3.3.1. Enhanced Soil Fertility and Applications 3.4. PORTER’s Five Forces Analysis 3.5. PESTLE Using Tree-Map Analysis 3.5.1. Government support for bio-based Types 3.5.2. Higher Typeion costs 3.5.3. Rise in health/environment awareness 3.6. Regulatory Landscape by Region 3.6.1. North America 3.6.2. Europe 3.6.3. Asia Pacific 3.6.4. Middle East and Africa 3.6.5. South America 4. Ammonium Thiosulfate Market: Global Market Size and Forecast by Segmentation (by Value in USD Mn) (2024-2032) 4.1. Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 4.1.1. Solid 4.1.2. Liquid 4.2. Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 4.2.1. Fertilizers 4.2.2. Water Treatment Product 4.2.3. Industrial Fluid 4.2.4. Photochemical 4.3. Ammonium Thiosulfate Market Size and Forecast, by region (2024-2032) 4.3.1. North America 4.3.2. Europe 4.3.3. Asia Pacific 4.3.4. Middle East and Africa 4.3.5. South America 5. North America Ammonium Thiosulfate Market Size and Forecast by Segmentation (by Value in USD Mn) (2024-2032) 5.1. North America Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 5.1.1. Solid 5.1.2. Liquid 5.2. North America Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 5.2.1. Fertilizers 5.2.2. Water Treatment Product 5.2.3. Industrial Fluid 5.2.4. Photochemical 5.3. North America Ammonium Thiosulfate Market Size and Forecast, by Country (2024-2032) 5.3.1. United States 5.3.1.1. United States Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 5.3.1.1.1. Solid 5.3.1.1.2. Liquid 5.3.1.2. United States Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 5.3.1.2.1. Fertilizers 5.3.1.2.2. Water Treatment Product 5.3.1.2.3. Industrial Fluid 5.3.1.2.4. Photochemical 5.3.2. Canada 5.3.2.1. Canada Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 5.3.2.1.1. Solid 5.3.2.1.2. Liquid 5.3.2.2. Canada Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 5.3.2.2.1. Fertilizers 5.3.2.2.2. Water Treatment Product 5.3.2.2.3. Industrial Fluid 5.3.2.2.4. Photochemical 5.3.3. Mexico 5.3.3.1. Mexico Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 5.3.3.1.1. Solid 5.3.3.1.2. Liquid 5.3.3.2. Mexico Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 5.3.3.2.1. Fertilizers 5.3.3.2.2. Water Treatment Product 5.3.3.2.3. Industrial Fluid 5.3.3.2.4. Photochemical 6. Europe Ammonium Thiosulfate Market Size and Forecast by Segmentation (by Value in USD Mn) (2024-2032) 6.1. Europe Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 6.2. Europe Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 6.3. Europe Ammonium Thiosulfate Market Size and Forecast, By Country (2024-2032) 6.3.1. United Kingdom 6.3.1.1. United Kingdom Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 6.3.1.2. United Kingdom Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 6.3.2. France 6.3.2.1. France Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 6.3.2.2. France Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 6.3.3. Germany 6.3.3.1. Germany Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 6.3.3.2. Germany Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 6.3.4. Italy 6.3.4.1. Italy Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 6.3.4.2. Italy Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 6.3.5. Spain 6.3.5.1. Spain Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 6.3.5.2. Spain Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 6.3.6. Sweden 6.3.6.1. Sweden Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 6.3.6.2. Sweden Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 6.3.7. Austria 6.3.7.1. Austria Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 6.3.7.2. Austria Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 6.3.8. Rest of Europe 6.3.8.1. Rest of Europe Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 6.3.8.2. Rest of Europe Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 7. Asia Pacific Ammonium Thiosulfate Market Size and Forecast by Segmentation (by Value in USD Mn) (2024-2032) 7.1. Asia Pacific Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 7.2. Asia Pacific Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 7.3. Asia Pacific Ammonium Thiosulfate Market Size and Forecast, By Country (2024-2032) 7.3.1. China 7.3.1.1. China Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 7.3.1.2. China Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 7.3.2. S Korea 7.3.2.1. S Korea Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 7.3.2.2. S Korea Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 7.3.3. Japan 7.3.3.1. Japan Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 7.3.3.2. Japan Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 7.3.4. India 7.3.4.1. India Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 7.3.4.2. India Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 7.3.5. Australia 7.3.5.1. Australia Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 7.3.5.2. Australia Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 7.3.6. Indonesia 7.3.6.1. Indonesia Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 7.3.6.2. Indonesia Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 7.3.7. Philippines 7.3.7.1. Philippines Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 7.3.7.2. Philippines Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 7.3.8. Malaysia 7.3.8.1. Malaysia Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 7.3.8.2. Malaysia Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 7.3.9. Vietnam 7.3.9.1. Vietnam Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 7.3.9.2. Vietnam Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 7.3.10. Thailand 7.3.10.1. Thailand Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 7.3.10.2. Thailand Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 7.3.11. Rest of Asia Pacific 7.3.11.1. Rest of Asia Pacific Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 7.3.11.2. Rest of Asia Pacific Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 8. Middle East and Africa Ammonium Thiosulfate Market Size and Forecast by Segmentation (by Value in USD Mn) (2024-2032) 8.1. Middle East and Africa Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 8.2. Middle East and Africa Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 8.3. Middle East and Africa Ammonium Thiosulfate Market Size and Forecast, By Country (2024-2032) 8.3.1. South Africa 8.3.1.1. South Africa Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 8.3.1.2. South Africa Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 8.3.2. GCC 8.3.2.1. GCC Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 8.3.2.2. GCC Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 8.3.3. Nigeria 8.3.3.1. Nigeria Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 8.3.3.2. Nigeria Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 8.3.4. Rest of ME&A 8.3.4.1. Rest of ME&A Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 8.3.4.2. Rest of ME&A Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 9. South America Ammonium Thiosulfate Market Size and Forecast by Segmentation (by Value in USD Mn) (2024-2032) 9.1. South America Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 9.2. South America Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 9.3. South America Ammonium Thiosulfate Market Size and Forecast, By Country (2024-2032) 9.3.1. Brazil 9.3.1.1. Brazil Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 9.3.1.2. Brazil Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 9.3.2. Argentina 9.3.2.1. Argentina Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 9.3.2.2. Argentina Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 9.3.3. Rest of South America 9.3.3.1. Rest of South America Ammonium Thiosulfate Market Size and Forecast, By Type (2024-2032) 9.3.3.2. Rest of South America Ammonium Thiosulfate Market Size and Forecast, By Application (2024-2032) 10. Company Profile: Key Players 10.1. Tessenderlo Kerley, Inc 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Recent Developments 10.2. Koch Fertilizer, LLC 10.3. Nutrien Ltd. 10.4. TIB Chemicals AG 10.5. Kugler Company 10.6. Martin Midstream Partners L.P. 10.7. Yara International ASA 10.8. Sumitomo Chemical Co., Ltd. 10.9. Showa Denko K.K. 10.10. Haimen Wuyang Chemical Co., Ltd. 10.11. SABIC (Saudi Basic Industries Corporation) 10.12. Sasol Ltd. 10.13. Juan Messina S.A. 10.14. Esseco Srl 10.15. Hubei Yihua Chemical Industry Co., Ltd. 10.16. Shakti Chemicals 10.17. OCI N.V. 10.18. PCI Nitrogen 10.19. Hydrite Chemical 10.20. Bunge Limited 11. Analyst Recommendations 12. Ammonium Thiosulfate Market: Research Methodology