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Sodium Thiosulfate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A24447
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Sodium Thiosulfate Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Sodium thiosulfate | Chemical | USA | 1,628 USD/MT |
The sodium thiosulfate prices in the USA for Q4 2023 reached 1,628 USD/MT in December. The market faced weak upstream and downstream dynamics. In addition, lower crude oil prices further pressured the market, leading to subdued sentiment and limited price movement.
Sodium Thiosulfate Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Sodium Thiosulfate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of sodium thiosulfate pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of sodium thiosulfate at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of sodium thiosulfate price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing sodium thiosulfate price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Sodium Thiosulfate Market Analysis
The global sodium thiosulfate market size reached US$ 109.5 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 174.29 Million, at a projected CAGR of 5.30% during 2023-2032.
- The medical sector is a key driver of global sodium thiosulfate market as it can be used to treat kidney associated chronic diseases like calciphylaxis. According to the National Kidney Foundation, 10% of global population suffers from chronic kidney diseases (CKDs), and millions of deaths are recorded annually due to the same. According to the International Society of Nephrology, worldwide, 850 million people, including individuals of all ages, are suffering from CKDs. Additionally, its critical role as an antidote in cyanide poisoning treatment further boosts its demand in this sector. According to the Chemical Hazards Emergency Medical Management, sodium thiosulphate has the potential to exert an antidotal effect by donating sulfur, which can ultimately facilitate the biotransformation of cyanide to thiocyanate. It is usually administered in combination with sodium nitrite.
- The fungicidal affect of sodium thiosulfate makes it profitable in producing healthier and superior crop yields by guarding them from fungal infection. According to a research article published in the journal Microbial Pathogenesis, sodium thiosulphate exhibits a wide spectrum of excellent antimicrobial and antifungal activity with little toxicity. Additionally, a news article from ScienceDaily reports that 10% to 23% of global crops are destroyed annually due to fungal infections.
- The demand for sodium thiosulfate is further escalated by its critical application in water treatment plants where it is leveraged for neutralizing chlorine. The soaring demand for clean and safe drinking water aid in fueling sodium thiosulfate sales. According to a news article published by NPR, approximately 2 billion people globally don’t have access to safe and clean drinking water, while 46% of the global population, i.e., 3.6 billion individuals, lack adequate sanitation facilities.
- Sodium thiosulfate functions effectively as a photograph fixer, which increases its demand in film photography field. It can dissolve bromide present in photographic film as well as paper, which is left unaffected by the light. In addition, the rejuvenation of film photography among enthusiasts aids in sustaining the sodium thiosulfate demand in this niche market.
Sodium Thiosulfate News
The report covers the latest developments, updates, and trends impacting the global sodium thiosulfate market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in sodium thiosulfate production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the sodium thiosulfate price trend.
Latest developments in the sodium thiosulfate industry:
- In August 2023, Regeneron announced its acquisition of Decibel Therapeutics for USD 109 million. Decibel principally develops drugs and therapies, including the sodium thiosulfate drug or DB-OTO gene therapy, to treat ototoxicity.
- In March 2024, Fennec Pharmaceuticals, a biotechnology company that develops medications to treat ototoxicity, signed an exclusive license agreement with Norgine to commercialize its sodium thiosulfate injection, named Pedmarqsi. Under the agreement terms, Norgine will make an upfront payment of USD 43.6 million.
Product Description
Sodium thiosulfate, a versatile inorganic chemical, has the formula Na2S203 and is predominantly leveraged in numerous medical and industrial applications because of its exclusive chemical properties. The industrial application includes photographic processing where sodium thiosulfate is employed to dissolve unreacted silver halides, thereby fixing the photographs. Its efficiency in neutralizing chlorine makes it an extremely valuable compound for water treatment plants. Additionally, it can be utilized in iodometric titrations as a reagent. Sodium thiosulfate can also be employed in the cyanide poisoning treatment where it serves the role of an antidote. Furthermore, it is known to facilitate the treatment of a severe and rare disease called calciphylaxis. Moreover, the agriculture and aquaculture sector depend on sodium thiosulphate for its versatile properties, including water detoxification, fungicidal nature, and soil conditioning.
Sodium thiosulfate is esteemed primarily for its cost-effectiveness, functionality, and reliability. It is generally available in distinct forms, such as pentahydrate and anhydrous, to cater to diverse requirements. It offers safe handling and exhibits stability under normal conditions. The versatile spectrum of applications and indispensable role in crucial processes highlight its relevance across various sectors, making it a pivotal compound in medical as well as industrial fields.
Regional Coverage
The report provides a detailed analysis of the sodium thiosulfate market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the sodium thiosulfate price trend.
Global Sodium Thiosulfate Price
The report offers a holistic view of the global sodium thiosulfate pricing trends in the form of sodium thiosulfate price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into sodium thiosulfate historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into sodium thiosulfate price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed sodium thiosulfate demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Sodium Thiosulfate Price
The market experienced narrow fluctuations throughout the last quarter of 2023. The market was impacted by lowered international trade activities on account of ongoing geopolitical tensions like prolonged conflicts in the region. These factors created a challenging environment for domestic as well as international market players, thereby leading to an unstable market with only few variations in pricing trends.
This analysis can be extended to include detailed sodium thiosulfate price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Sodium Thiosulfate Price
The market showed lackluster performance in the last quarter of 2023. Market conditions were unfavorable both upstream and downstream, with little support to drive price increases. Additionally, lowered crude oil prices contributed to dampened market sentiment, preventing any significant improvement in the overall market dynamics during this period.
Specific sodium thiosulfate historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Sodium Thiosulfate Price
The report explores the sodium thiosulfate pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on sodium thiosulfate prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Sodium Thiosulfate Price
The market in the Asia Pacific region showed varied performances across different countries. China's market displayed resilience, augmented by slight price increase of key raw materials like sulfur and sodium hydroxide, leading to a positive market outlook. In contrast, Indian market faced challenges because of high inventory levels and minimal cost support from feedstock, causing inconsistent price trends. Overall, the market exhibited mixed sentiments due to these regional disparities.
This sodium thiosulfate price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Sodium Thiosulfate Price
The analysis of sodium thiosulfate prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Sodium Thiosulfate |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Sodium Thiosulfate Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of sodium thiosulfate pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting sodium thiosulfate price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The sodium thiosulfate price charts ensure our clients remain at the forefront of the industry.
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