DUBLIN--(BUSINESS WIRE)--The "Sodium Thiosulphate market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
Sodium thiosulphate market is expected to witness a strong growth rate during the forecast period.
One of the major factors driving the market studied is increasing prevalence of renal diseases as sodium thiosulphate is used in treating Calciphylaxis which occurs through kidney failure. Increasing mine production of gold in Asian countries is also likely to boost the demand for sodium thiosulphate.
- Medical applications dominated the market in 2018 and is expected to grow during the forecast period owing to the increasing cases of kidney failure across the globe.
- Increasing mine production of gold in Asia is also expected to boost the demand for sodium thiosulphate.
- Sodium thiosulphate has recently found application in the prevention of ototoxicity induced by cisplatin chemotherapy. This is expected to act as an opportunity in the future.
- Asia-Pacific dominated the sodium thiosulphate market across the globe owing to the high demand from medical, photograph processing and water treatment industries.
Key Market Trends
Medical Application to Dominate the Market
- One of the major medical applications of sodium thiosulphate is to treat lead, mercury, arsenic and bismuth poisoning. The treatment is done through intravenous injections of STS owing to the lack of toxicity during administration.
- One of the more recent medical applications of STS is in treating Calciphylaxis which is observed in patients suffering from kidney failure. STS is also used in preventing the toxicity of a cancer treating agent called cisplatin.
- Increasing cases of chronic kidney diseases in the United States is expected to drive the medical application of STS during the forecast period. The key factors that are driving the rise in chronic kidney diseases are population growth, increased risk exposure and aging.
- There are several epidemiological studies done in the recent years which suggest the possibility of using STS as an anti-inflammatory agent and as a neuroprotective agent.
- Hence, Medical application is likely to remain the most dominant application and occupy the largest market share during the forecast period.
Asia-Pacific to Dominate the Global Market
Asia-Pacific region dominated the global market share in 2018. The demand for STS is high from medical, photograph processing and water treatment industries of Asia-pacific region. Investment on water treatment chemicals in China is likely to increase owing to the increased focus on water treatment in the 13th five year plan. This increase in demand for water treatment chemicals is likely to boost the demand for STS.
Apart from these, factors like growing investments in healthcare and growing disposable income in countries like India are also expected to boost the demand for STS in Asia-pacific. The increasing number of patients suffering from renal diseases in countries like India and China is also expected to boost the demand for sodium thiosulphate in the Asia-Pacific region. These factors are likely to propel the demand for STS in the region.
The global Sodium thiosulphate market is moderately consolidated. Some of the major companies of this market include Esseco SRL, Merck KGaA, Allan Chemical Corporation and Calabrian Corporation among others.
Key Topics Covered
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Rise in the Prevalence of Renal Diseases
4.1.2 Increasing Mine Production of Gold in Asia
4.2.1 Concerns Regarding Side Effects of the Intravenous Sodium Thiosulfate Administration
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Trade Analysis
4.6 Price Trends
5 MARKET SEGMENTATION
5.1.1 Medical Applications
5.1.2 Photographic Processing
5.1.4 Gold Extraction
5.1.5 Water Treatment
18.104.22.168 South Korea
22.214.171.124 Australia & New Zealand
126.96.36.199 Rest of Asia-Pacific
5.2.2 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
5.2.4 South America
18.104.22.168 Rest of South America
5.2.5 Middle East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 South Africa
188.8.131.52 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Esseco S.R.L.
6.4.2 Merck KGaA
6.4.3 Nissei Corporation
6.4.4 Allan Chemical Corporation
6.4.5 Dastech International Inc.
6.4.6 Wego Chemicals & Mineral Corp.
6.4.7 Calabrian Corporation
6.4.8 Southern Ionics Incorporated
6.4.9 Samirian Chemicals Inc.
6.4.10 Ampak Chemicals Inc.
6.4.11 Skyhawk Chemicals Inc.
6.4.12 Fennec Pharmaceuticals
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Application in Prevention of Ototoxicity Induced by Cisplatin Chemotherapy
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