Ammonium Thiosulfate Market Latest Innovations, Drivers, Dynamics And Strategic Analysis, Challenges and Forecast to 2029

Ammonium Thiosulfate Market size was valued at US$ 365.10 Mn in 2022 and the total revenue is expected to grow at CAGR 5.74% through 2022 to 2029, reaching nearly US$ 539.62 Mn. Ammonium Thiosulfate Market Overview: Ammonium Thiosulfate is a non-toxic inorganic chemical compound produced by the reaction of ammonia, water, and sulfur dioxide. It is a white crystalline solid along with ammonia odor, hygroscopic nature, colorless, and readily soluble in water. The chemical formula of Ammonium Thiosulfate is (NH4)2S2O3 and is composed of ammonium and thiosulfate ions in a 2:1 ratio along with 12% of nitrogen and 26% of sulfur. It is primarily used as a fertilizer and photographic fixing salt. It is also used as a bleaching agent in paper and textiles to remove excess chlorine. It acts as an alternative for cyanide-based leaching of gold and silver.