Product Code: ETC13170236 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Sodium Iodide Market was valued at USD 0.35 Billion in 2024 and is expected to reach USD 0.48 Billion by 2031, growing at a compound annual growth rate of 5.00% during the forecast period (2025-2031).
The global sodium iodide market is expected to experience steady growth in the coming years due to increasing demand from various industries such as healthcare, food processing, and chemical manufacturing. Sodium iodide is widely used in the production of X-ray contrast media, pharmaceuticals, and as a nutritional supplement. The market growth is driven by the rising prevalence of thyroid disorders, iodine deficiency in diets, and the expansion of the healthcare sector worldwide. Additionally, the food industry`s use of sodium iodide as a food additive for iodized salt and in food processing applications contributes to market expansion. Geographically, Asia Pacific is anticipated to dominate the market due to the high demand from countries like China and India. However, stringent regulations regarding the usage of sodium iodide in certain regions may pose challenges to market growth.
The Global Sodium Iodide Market is witnessing a steady growth fueled by the increasing demand for iodized salt in the food industry and the expanding applications of sodium iodide in healthcare and industrial sectors. With growing awareness about iodine deficiency and its health implications, there is a rising demand for sodium iodide in pharmaceuticals for the production of contrast agents used in medical imaging. Additionally, the use of sodium iodide in radiation detection equipment for nuclear medicine and security applications presents new opportunities for market growth. Technological advancements and product innovations in sodium iodide production processes are also contributing to market expansion. Overall, the Global Sodium Iodide Market is expected to continue its growth trajectory, driven by the increasing applications across various industries.
The Global Sodium Iodide Market faces several challenges, including fluctuations in raw material prices, stringent regulations regarding the use of iodine in certain industries, and the availability of alternative iodine compounds. The market is also impacted by the growing awareness of iodine deficiency disorders and the shift towards iodized salt as a more accessible source of iodine. Additionally, competition from other iodine derivatives and substitutes poses a threat to the sodium iodide market. Market players need to navigate these challenges by investing in research and development to improve product quality, exploring new applications for sodium iodide, and establishing strong distribution networks to maintain a competitive edge in the global market.
The global sodium iodide market is primarily driven by the increasing demand for the compound in various industries such as pharmaceuticals, food and beverage, and healthcare. Sodium iodide is widely used in the production of iodized salt, which is essential for addressing iodine deficiency disorders. Additionally, the growing awareness regarding the importance of iodine in maintaining thyroid health is fueling the demand for sodium iodide in the pharmaceutical sector for the production of thyroid medications. Furthermore, the expanding applications of sodium iodide in the nuclear medicine industry for diagnostic imaging and treatment of thyroid-related diseases are also contributing to the market growth. The market is expected to continue growing as governments and organizations focus on addressing iodine deficiency and promoting overall health and well-being.
Government policies related to the Global Sodium Iodide Market primarily focus on regulating the production, import, export, and use of sodium iodide to ensure safety, quality, and compliance with international standards. These policies often include guidelines on manufacturing processes, labeling requirements, environmental regulations, and restrictions on the sale of sodium iodide for unauthorized purposes. Additionally, governments may also implement trade policies, tariffs, and import/export regulations to control the flow of sodium iodide across borders and protect domestic industries. Overall, government policies aim to maintain a balance between promoting innovation and ensuring public health and safety within the sodium iodide market.
The Global Sodium Iodide Market is projected to witness steady growth in the coming years, driven by increasing demand from various industries such as healthcare, pharmaceuticals, and food processing. The rising awareness about the health benefits of sodium iodide in preventing iodine deficiency disorders is expected to fuel market growth. Additionally, the expanding applications of sodium iodide in the production of X-ray contrast media, animal feed supplements, and catalysts are anticipated to contribute to market expansion. Technological advancements leading to the development of innovative products and the growing focus on research and development activities are likely to create lucrative opportunities for market players. However, factors such as stringent regulations related to the use of sodium iodide and fluctuations in raw material prices may pose challenges to market growth.
The global sodium iodide market is expected to witness varying trends across different regions. In Asia, particularly in countries like China and India, the market is projected to experience significant growth due to the increasing demand for sodium iodide in the pharmaceutical and healthcare sectors. In North America, the market is likely to be driven by the expanding applications of sodium iodide in the nuclear industry. Europe is expected to witness steady growth in the market, driven by the presence of established pharmaceutical and chemical industries. The Middle East and Africa region is anticipated to show moderate growth in the sodium iodide market due to the growing healthcare infrastructure. In Latin America, the market is expected to witness a gradual increase in demand for sodium iodide, driven by the expanding pharmaceutical sector in countries like Brazil and Mexico.
Global Sodium Iodide Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Sodium Iodide Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Sodium Iodide Market Revenues & Volume, 2021 & 2031F |
3.3 Global Sodium Iodide Market - Industry Life Cycle |
3.4 Global Sodium Iodide Market - Porter's Five Forces |
3.5 Global Sodium Iodide Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Sodium Iodide Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.7 Global Sodium Iodide Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Sodium Iodide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Sodium Iodide Market Trends |
6 Global Sodium Iodide Market, 2021 - 2031 |
6.1 Global Sodium Iodide Market, Revenues & Volume, By Grade, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Sodium Iodide Market, Revenues & Volume, By Pharmaceutical Grade, 2021 - 2031 |
6.1.3 Global Sodium Iodide Market, Revenues & Volume, By Industrial Grade, 2021 - 2031 |
6.1.4 Global Sodium Iodide Market, Revenues & Volume, By Others, 2021 - 2031 |
6.2 Global Sodium Iodide Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Sodium Iodide Market, Revenues & Volume, By Food Industry, 2021 - 2031 |
6.2.3 Global Sodium Iodide Market, Revenues & Volume, By Pharmaceutical, 2021 - 2031 |
6.2.4 Global Sodium Iodide Market, Revenues & Volume, By Industrial, 2021 - 2031 |
6.2.5 Global Sodium Iodide Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Sodium Iodide Market, Overview & Analysis |
7.1 North America Sodium Iodide Market Revenues & Volume, 2021 - 2031 |
7.2 North America Sodium Iodide Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Sodium Iodide Market, Revenues & Volume, By Grade, 2021 - 2031 |
7.4 North America Sodium Iodide Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Sodium Iodide Market, Overview & Analysis |
8.1 Latin America (LATAM) Sodium Iodide Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Sodium Iodide Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Sodium Iodide Market, Revenues & Volume, By Grade, 2021 - 2031 |
8.4 Latin America (LATAM) Sodium Iodide Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Sodium Iodide Market, Overview & Analysis |
9.1 Asia Sodium Iodide Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Sodium Iodide Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Sodium Iodide Market, Revenues & Volume, By Grade, 2021 - 2031 |
9.4 Asia Sodium Iodide Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Sodium Iodide Market, Overview & Analysis |
10.1 Africa Sodium Iodide Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Sodium Iodide Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Sodium Iodide Market, Revenues & Volume, By Grade, 2021 - 2031 |
10.4 Africa Sodium Iodide Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Sodium Iodide Market, Overview & Analysis |
11.1 Europe Sodium Iodide Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Sodium Iodide Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Sodium Iodide Market, Revenues & Volume, By Grade, 2021 - 2031 |
11.4 Europe Sodium Iodide Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Sodium Iodide Market, Overview & Analysis |
12.1 Middle East Sodium Iodide Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Sodium Iodide Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Sodium Iodide Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Sodium Iodide Market, Revenues & Volume, By Grade, 2021 - 2031 |
12.4 Middle East Sodium Iodide Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Sodium Iodide Market Key Performance Indicators |
14 Global Sodium Iodide Market - Export/Import By Countries Assessment |
15 Global Sodium Iodide Market - Opportunity Assessment |
15.1 Global Sodium Iodide Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Sodium Iodide Market Opportunity Assessment, By Grade, 2021 & 2031F |
15.3 Global Sodium Iodide Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Sodium Iodide Market - Competitive Landscape |
16.1 Global Sodium Iodide Market Revenue Share, By Companies, 2024 |
16.2 Global Sodium Iodide Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |