Albany, NY -- (SBWIRE) -- 06/19/2018 -- Thiosulfate is a tetrahedral molecule found in nature. It is formed by replacing one oxygen in the sulfate ion by sulfur. It is a biochemical process forming an oxyanion of sulfur. Thiosulfate is used in a wide range of applications such as a dechlorinating agent of water, anti-bleaching agent in paper industry, and a fixing agent to dissolve unchanged silver salts from exposed negatives in photography. It is also used for extracting silver from ores in the textile industry, chrome tanning, etc.

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Thiosulfate is helpful for protein synthesis in the human body. It plays a vital role in the biosynthesis of cysteine that locks proteins into their correct three-dimensional shapes. Furthermore, it converts cyanide ions into harmless products. It is widely used as an antidote against cyanide poisoning owing to this property. Thiosulfate compounds such as sodium thiosulfates also have wide applications such as an analytical reagent for iodometric titrations for chlorine, sulfide, and bromine analysis; bleaching agent of paper pulp, straw, ivory and bones; mordant in dyeing and printing textiles; etc.

Thiosulfate is formed in hot springs and geysers and is available in small quantities. Usage of thiosulfate as a leaching agent, an alternative method for cyanidation, involves consumption of thiosulfate in large quantities. Availability of thiosulfate in small quantities poses a major hindrance to its usage and gives rise to the need for substitutes.

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Based on its application in end-use industries, the thiosulfate market can be segmented into agriculture, medical, photography, paper & pulp industry, water treatment, and silver extraction. The thiosulfate market is dominated by the medical industry, followed by the water treatment industry. This trend is anticipated to continue during the forecast period on account of increase in demand for water treatment services from countries such as China, India, Indonesia, etc. in the Asia Pacific region. Also, the medical industry is anticipated to grow considerably in Asia Pacific and Latin America in the years to come. Thus, the thiosulfate market is projected to expand significantly during the forecast period.