Sodium iodide is an iodide salt, which is formed into an injectable medicine. It is a water-soluble ionic compound and is industrially prepared by reacting acidic iodides with sodium hydroxide. Sodium iodide is majorly utilized to prevent or treat iodine deficiency caused by poor nutrition or poor absorption by the body. The product is also used to treat hyperthyroidism, a thyroid disorder, and some cases of thyroid cancer. Sodium Iodide is heavily used in the dietary supplement and in organic chemistry. The application of sodium iodide can also be seen in several other industries as well such as cosmetic, textile, food and beverages, and agriculture.
MARKET DYNAMICS
Sodium iodide is significantly used to treat or prevent iodine deficiency. The human body requires iodine for normal growth and health. For individuals who are unable to get enough iodine through their regular diet, sodium iodide will be necessary. Iodine is necessary for the proper functioning of the thyroid gland. Lack of iodine will lead to severe conditions of hypothyroidism, goiter, cretinism, mental retardation, and many others. According to the World Health Organization, iodine deficiency is one of the most prevalent causes of brain damage. Hence, it is anticipated that the rising incidence of iodine deficiency will provide immense opportunities for the growth of sodium iodide market.
MARKET SCOPE
The "Global Sodium Iodide Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the sodium iodide market with detailed market segmentation by grade, application and geography. The global sodium iodide market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading sodium iodide market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global sodium iodide market is segmented on the basis of grade and application. On the basis of grade, sodium iodide market is classified into pharmaceutical grade, industrial grade, and others. On the basis of application, market is segmented into food industry, pharmaceutical, industrial, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global sodium iodide market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The sodium iodide market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the sodium iodide market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the sodium iodide market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global sodium iodide market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The sodium iodide market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the sodium iodide market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the sodium iodide market in these regions.
MARKET PLAYERS
The reports cover key developments in the sodium iodide market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from sodium iodide market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the sodium iodide market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sodium iodide market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Ajay-SQM Group
- Fisher Scientific International, Inc.
- GFS Chemicals, Inc.
- Iofina
- Jiangxi Shengdian S&T Co., Ltd.
- Merck KGaA
- Nanjing Taiye Chemical Industry Co., Ltd.
- Qingdao Tocean iodine products co. LTD
- Shandong Boyuan Pharmaceutical Co., Ltd.
- Vishal Laboratories
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Sodium Iodide Market - By Grade
1.3.2 Sodium Iodide Market - By Application
1.3.3 Sodium Iodide Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SODIUM IODIDE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SODIUM IODIDE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SODIUM IODIDE MARKET - GLOBAL MARKET ANALYSIS
6.1. SODIUM IODIDE - GLOBAL MARKET OVERVIEW
6.2. SODIUM IODIDE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SODIUM IODIDE MARKET - REVENUE AND FORECASTS TO 2028 - GRADE
7.1. OVERVIEW
7.2. GRADE MARKET FORECASTS AND ANALYSIS
7.3. PHARMACEUTICAL GRADE
7.3.1. Overview
7.3.2. Pharmaceutical Grade Market Forecast and Analysis
7.4. INDUSTRIAL GRADE
7.4.1. Overview
7.4.2. Industrial Grade Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. SODIUM IODIDE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FOOD INDUSTRY
8.3.1. Overview
8.3.2. Food Industry Market Forecast and Analysis
8.4. PHARMACEUTICAL
8.4.1. Overview
8.4.2. Pharmaceutical Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. SODIUM IODIDE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Sodium Iodide Market Overview
9.1.2 North America Sodium Iodide Market Forecasts and Analysis
9.1.3 North America Sodium Iodide Market Forecasts and Analysis - By Grade
9.1.4 North America Sodium Iodide Market Forecasts and Analysis - By Application
9.1.5 North America Sodium Iodide Market Forecasts and Analysis - By Countries
9.1.5.1 United States Sodium Iodide Market
9.1.5.1.1 United States Sodium Iodide Market by Grade
9.1.5.1.2 United States Sodium Iodide Market by Application
9.1.5.2 Canada Sodium Iodide Market
9.1.5.2.1 Canada Sodium Iodide Market by Grade
9.1.5.2.2 Canada Sodium Iodide Market by Application
9.1.5.3 Mexico Sodium Iodide Market
9.1.5.3.1 Mexico Sodium Iodide Market by Grade
9.1.5.3.2 Mexico Sodium Iodide Market by Application
9.2. EUROPE
9.2.1 Europe Sodium Iodide Market Overview
9.2.2 Europe Sodium Iodide Market Forecasts and Analysis
9.2.3 Europe Sodium Iodide Market Forecasts and Analysis - By Grade
9.2.4 Europe Sodium Iodide Market Forecasts and Analysis - By Application
9.2.5 Europe Sodium Iodide Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Sodium Iodide Market
9.2.5.1.1 Germany Sodium Iodide Market by Grade
9.2.5.1.2 Germany Sodium Iodide Market by Application
9.2.5.2 France Sodium Iodide Market
9.2.5.2.1 France Sodium Iodide Market by Grade
9.2.5.2.2 France Sodium Iodide Market by Application
9.2.5.3 Italy Sodium Iodide Market
9.2.5.3.1 Italy Sodium Iodide Market by Grade
9.2.5.3.2 Italy Sodium Iodide Market by Application
9.2.5.4 United Kingdom Sodium Iodide Market
9.2.5.4.1 United Kingdom Sodium Iodide Market by Grade
9.2.5.4.2 United Kingdom Sodium Iodide Market by Application
9.2.5.5 Russia Sodium Iodide Market
9.2.5.5.1 Russia Sodium Iodide Market by Grade
9.2.5.5.2 Russia Sodium Iodide Market by Application
9.2.5.6 Rest of Europe Sodium Iodide Market
9.2.5.6.1 Rest of Europe Sodium Iodide Market by Grade
9.2.5.6.2 Rest of Europe Sodium Iodide Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Sodium Iodide Market Overview
9.3.2 Asia-Pacific Sodium Iodide Market Forecasts and Analysis
9.3.3 Asia-Pacific Sodium Iodide Market Forecasts and Analysis - By Grade
9.3.4 Asia-Pacific Sodium Iodide Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Sodium Iodide Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Sodium Iodide Market
9.3.5.1.1 Australia Sodium Iodide Market by Grade
9.3.5.1.2 Australia Sodium Iodide Market by Application
9.3.5.2 China Sodium Iodide Market
9.3.5.2.1 China Sodium Iodide Market by Grade
9.3.5.2.2 China Sodium Iodide Market by Application
9.3.5.3 India Sodium Iodide Market
9.3.5.3.1 India Sodium Iodide Market by Grade
9.3.5.3.2 India Sodium Iodide Market by Application
9.3.5.4 Japan Sodium Iodide Market
9.3.5.4.1 Japan Sodium Iodide Market by Grade
9.3.5.4.2 Japan Sodium Iodide Market by Application
9.3.5.5 South Korea Sodium Iodide Market
9.3.5.5.1 South Korea Sodium Iodide Market by Grade
9.3.5.5.2 South Korea Sodium Iodide Market by Application
9.3.5.6 Rest of Asia-Pacific Sodium Iodide Market
9.3.5.6.1 Rest of Asia-Pacific Sodium Iodide Market by Grade
9.3.5.6.2 Rest of Asia-Pacific Sodium Iodide Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Sodium Iodide Market Overview
9.4.2 Middle East and Africa Sodium Iodide Market Forecasts and Analysis
9.4.3 Middle East and Africa Sodium Iodide Market Forecasts and Analysis - By Grade
9.4.4 Middle East and Africa Sodium Iodide Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Sodium Iodide Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Sodium Iodide Market
9.4.5.1.1 South Africa Sodium Iodide Market by Grade
9.4.5.1.2 South Africa Sodium Iodide Market by Application
9.4.5.2 Saudi Arabia Sodium Iodide Market
9.4.5.2.1 Saudi Arabia Sodium Iodide Market by Grade
9.4.5.2.2 Saudi Arabia Sodium Iodide Market by Application
9.4.5.3 U.A.E Sodium Iodide Market
9.4.5.3.1 U.A.E Sodium Iodide Market by Grade
9.4.5.3.2 U.A.E Sodium Iodide Market by Application
9.4.5.4 Rest of Middle East and Africa Sodium Iodide Market
9.4.5.4.1 Rest of Middle East and Africa Sodium Iodide Market by Grade
9.4.5.4.2 Rest of Middle East and Africa Sodium Iodide Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Sodium Iodide Market Overview
9.5.2 South and Central America Sodium Iodide Market Forecasts and Analysis
9.5.3 South and Central America Sodium Iodide Market Forecasts and Analysis - By Grade
9.5.4 South and Central America Sodium Iodide Market Forecasts and Analysis - By Application
9.5.5 South and Central America Sodium Iodide Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Sodium Iodide Market
9.5.5.1.1 Brazil Sodium Iodide Market by Grade
9.5.5.1.2 Brazil Sodium Iodide Market by Application
9.5.5.2 Argentina Sodium Iodide Market
9.5.5.2.1 Argentina Sodium Iodide Market by Grade
9.5.5.2.2 Argentina Sodium Iodide Market by Application
9.5.5.3 Rest of South and Central America Sodium Iodide Market
9.5.5.3.1 Rest of South and Central America Sodium Iodide Market by Grade
9.5.5.3.2 Rest of South and Central America Sodium Iodide Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SODIUM IODIDE MARKET, KEY COMPANY PROFILES
11.1. AJAY-SQM GROUP
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. FISHER SCIENTIFIC INTERNATIONAL, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GFS CHEMICALS, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. IOFINA
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. JIANGXI SHENGDIAN S AND T CO., LTD.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MERCK KGAA
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NANJING TAIYE CHEMICAL INDUSTRY CO., LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. QINGDAO TOCEAN IODINE PRODUCTS CO. LTD
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SHANDONG BOYUAN PHARMACEUTICAL CO., LTD.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. VISHAL LABORATORIES
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Ajay-SQM Group
2. Fisher Scientific International, Inc.
3. GFS Chemicals, Inc.
4. Iofina
5. Jiangxi Shengdian S and T Co., Ltd.
6. Merck KGaA
7. Nanjing Taiye Chemical Industry Co., Ltd.
8. Qingdao Tocean iodine products co. LTD
9. Shandong Boyuan Pharmaceutical Co., Ltd.
10. Vishal Laboratories
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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