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Sodium Iodide Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Sodium Iodide Market SizeThe global Sodium Iodide market was valued at US$ 154 million in 2023 and is anticipated to reach US$ 259.7 million by 2030, witnessing a CAGR of 6.7% during the forecast period 2024-2030.
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Sodium iodide (chemical formula NaI) is an ionic compound formed from the chemical reaction of sodium metal and iodine. Under standard conditions, it is a white, water-soluble solid comprising a 1:1 mix of sodium cations (Na+) and iodide anions (I-) in a crystal lattice. It is used mainly as a nutritional supplement and in organic chemistry. It is produced industrially as the salt formed when acidic iodides react with sodium hydroxide.
North American market for Sodium Iodide is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Sodium Iodide is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global manufacturers of Sodium Iodide include Iofina, Ajay-SQM, Tocean Iodine Products, Boyuan Pharmaceutical&Chemical, Nanjing Taiye Chemical, Taixing Youlian Fine Chemical, Jindian Chemical and Jiangxi Shengdian S&T, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Sodium Iodide, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Sodium Iodide.
By Type
• Pharmaceutical Grade
• Industrial Grade
By Application
• Food Industry
• Pharmaceutical
• Industrial
Key Companies
Iofina, Ajay-SQM, Tocean Iodine Products, Boyuan Pharmaceutical&Chemical, Nanjing Taiye Chemical, Taixing Youlian Fine Chemical, Jindian Chemical, Jiangxi Shengdian S&T
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