Market Size of Saudi Arabia Sodium Thiosulphate Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Sodium Thiosulphate Market Analysis
The Saudi Arabian sodium thiosulphate is estimated to witness a moderate growth, at an estimated CAGR of over 2%, over the forecast period. The major factor driving the growth of the market studied is the growing use of sodium thiosulfate in gold leaching applications.
- Concerns regarding side effects of the intravenous sodium thiosulfate administration is expected to hinder the growth of the market studied.
- Emerging use of sodium thiosulfate in the medical industry is likely to create opportunities in the future.
Saudi Arabia Sodium Thiosulphate Industry Segmentation
The Saudi Arabian sodium thiosulphate market report includes:
| Application | |
| Medical | |
| Photographic Processing | |
| Gold Extraction | |
| Water Treatment | |
| Other Applications |
Saudi Arabia Sodium Thiosulphate Market Size Summary
The Saudi Arabian sodium thiosulphate market is poised for moderate growth over the forecast period, driven primarily by its increasing application in gold leaching processes. Despite the potential hindrance posed by concerns over the side effects of intravenous sodium thiosulphate administration, the market is expected to benefit from emerging opportunities within the medical industry. Additionally, sodium thiosulphate's role as a dechlorination agent in swimming pools, aquariums, and water treatment plants underscores its importance in ensuring safe water conditions by neutralizing chlorine. This is particularly relevant in Saudi Arabia, where rapid urbanization and industrialization have spurred a significant rise in energy consumption, thereby boosting the demand for water treatment solutions.
The market landscape is characterized by a complete reliance on imports, with no domestic production facilities, and is dominated by distributors such as Saudi (Overseas) Marketing & Trading Company (SOMATCO), Fouz Chemical Co., and Chemsol. The ongoing investments and collaborations in the petrochemical sector, including a significant memorandum of understanding between Saudi Aramco and SABIC to convert crude oil into chemicals, are expected to further stimulate the water treatment applications market. This complex, set to commence operations in 2025, highlights the strategic importance of sodium thiosulphate in supporting the country's expanding industrial and urban infrastructure. Overall, the water treatment segment is anticipated to experience steady growth, reflecting the broader trends in Saudi Arabia's economic and industrial development.
Saudi Arabia Sodium Thiosulphate Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Use of Sodium Thiosulfate in the Gold Leaching Application
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1.2 Restraints
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1.2.1 Concerns Regarding Side Effects of the Intravenous Sodium Thiosulfate Administration
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Medical
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2.1.2 Photographic Processing
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2.1.3 Gold Extraction
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2.1.4 Water Treatment
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2.1.5 Other Applications
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Saudi Arabia Sodium Thiosulphate Market Size FAQs
What is the current Saudi Arabia Sodium Thiosulphate Market size?
The Saudi Arabia Sodium Thiosulphate Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)
Who are the key players in Saudi Arabia Sodium Thiosulphate Market?
Saudi(Overseas) Marketing & Trading Company (SOMATCO), Fouz Chemical Co. and Chemsol are the major companies operating in the Saudi Arabia Sodium Thiosulphate Market.
