Sodium Iodide Market Size and Competitive Analysis till 2031

MARKET INTRODUCTION

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.

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.

Sodium Iodide Report Scope