Market Overview:
The global sodium iodate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. Sodium iodate is an inorganic compound that is used as a food additive and as a pharmaceutical agent. It helps in the prevention of iodine deficiency, which can lead to various health problems. The demand for sodium iodate is expected to increase due to the increasing awareness about the benefits of iodine supplementation among consumers. The global sodium iodate market by type can be segmented into pharma grade and industrial grade segments. The pharma grade segment is projected to account for a larger share of the market during the forecast period owing to its use in pharmaceutical applications. The global sodium iodate market by application can be segmented into pharmaceuticals, food, and other applications segments.
Product Definition:
Sodium iodate is a salt of sodium and iodate. It is used as an additive to animal feed and food products to provide iodine, which is necessary for the production of thyroid hormones.
Pharma Grade:
Pharma grade is used for the purification of pharmaceutical drugs and chemicals. It's a purified form of iodine, which is used in thyroid medication, to prevent goiter (enlargement of the thyroid gland) during treatment. Iodine also has uses in other medicines as well as for food preservation purposes.
Iodine plays an important role in health; it's necessary for life but too much can cause damage to the body especially during pregnancy and breastfeeding.
Industrial Grade:
Industrial grade is a type of salt which contains pure iodine and has no additives or fillers. It also has higher content of iodide than other types of salts. Iodine in industrial grade is used for the production of thyroid medication, electronic products, and semiconductor devices among others.
Application Insights:
The other application segment includes water treatment and cosmetics. The demand for the product in water treatment is expected to witness growth owing to its ability to prevent the formation of thyroidalcides, which are toxic by-products formed during the processing of iodine containing compounds. Growing awareness regarding environmental protection along with increasing concerns regarding personal health is anticipated drive sodium iodate market demand over the forecast period.
The growing importance ofiodine in formulating pharmaceutical products coupled with rising consumer preference towards these formulations due to their superior therapeutic propertiesis expected drive industry expansion over the coming years. Moreover, stringent government regulations on maximum permissible levels ofIODide (Tl) and Iodine (Di) in food items coupled with a growing population are anticipated fuel industry development over next eight years.
Regional Analysis:
Asia Pacific sodium iodate market is expected to grow at the highest CAGR of XX% from 2018 to 2030 owing to increasing demand for pharmaceutical grade products in China and India. The growing population coupled with rising healthcare expenditure in these countries is anticipated to fuel product demand over the forecast period. In addition, expansion of manufacturing facilities by global players such as WOCKHARDT, BASF SE & Co., KION Group are also likely boost regional growth over the next eight years.
North America accounted for a significant share of revenue due to presence of a large number of end-use industries such as textile, paper and pulp, food processing that use sodium iodate based products extensively across North America region.
The Middle East & Africa (MEA) market was valued at USD X million in 2017.
Growth Factors:
- Increasing demand from the food and beverage industry as a preservative
- Rising awareness about the health benefits of iodine among consumers
- Growing use of sodium iodate in personal care products for hair and skin care
- Increasing demand from pharmaceuticals industry for manufacturing drugs and tablets
- Proliferation of online retail channels that offer discounts on sodium iodate products
Scope Of The Report
Report Attributes
Report Details
Report Title
Sodium Iodate Market Research Report
By Type
Pharma Grade, Industrial Grade
By Application
Pharmaceatical, Food, Other
By Companies
Iofina, Ajay-SQM, Jindian Chemical Co.,Ltd, Samrat Pharmachem Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Sodium Iodate Market Report Segments:
The global Sodium Iodate market is segmented on the basis of:
Types
Pharma Grade, Industrial Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceatical, Food, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Iofina
- Ajay-SQM
- Jindian Chemical Co.,Ltd
- Samrat Pharmachem Ltd
Highlights of The Sodium Iodate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pharma Grade
- Industrial Grade
- By Application:
- Pharmaceatical
- Food
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sodium Iodate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sodium iodate is a salt that is used as a food additive to prevent the formation of thyroid cancer.
Some of the major players in the sodium iodate market are Iofina, Ajay-SQM, Jindian Chemical Co.,Ltd, Samrat Pharmachem Ltd.
The sodium iodate market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sodium Iodate Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Sodium Iodate Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Sodium Iodate Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Sodium Iodate Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Sodium Iodate Market Size & Forecast, 2018-2028 4.5.1 Sodium Iodate Market Size and Y-o-Y Growth 4.5.2 Sodium Iodate Market Absolute $ Opportunity
Chapter 5 Global Sodium Iodate Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Sodium Iodate Market Size Forecast by Type
5.2.1 Pharma Grade
5.2.2 Industrial Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Sodium Iodate Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Sodium Iodate Market Size Forecast by Applications
6.2.1 Pharmaceatical
6.2.2 Food
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sodium Iodate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sodium Iodate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Sodium Iodate Analysis and Forecast
9.1 Introduction
9.2 North America Sodium Iodate Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Sodium Iodate Market Size Forecast by Type
9.6.1 Pharma Grade
9.6.2 Industrial Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Sodium Iodate Market Size Forecast by Applications
9.10.1 Pharmaceatical
9.10.2 Food
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Sodium Iodate Analysis and Forecast
10.1 Introduction
10.2 Europe Sodium Iodate Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Sodium Iodate Market Size Forecast by Type
10.6.1 Pharma Grade
10.6.2 Industrial Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Sodium Iodate Market Size Forecast by Applications
10.10.1 Pharmaceatical
10.10.2 Food
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Sodium Iodate Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Sodium Iodate Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Sodium Iodate Market Size Forecast by Type
11.6.1 Pharma Grade
11.6.2 Industrial Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Sodium Iodate Market Size Forecast by Applications
11.10.1 Pharmaceatical
11.10.2 Food
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Sodium Iodate Analysis and Forecast
12.1 Introduction
12.2 Latin America Sodium Iodate Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Sodium Iodate Market Size Forecast by Type
12.6.1 Pharma Grade
12.6.2 Industrial Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Sodium Iodate Market Size Forecast by Applications
12.10.1 Pharmaceatical
12.10.2 Food
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Sodium Iodate Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Sodium Iodate Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Sodium Iodate Market Size Forecast by Type
13.6.1 Pharma Grade
13.6.2 Industrial Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Sodium Iodate Market Size Forecast by Applications
13.10.1 Pharmaceatical
13.10.2 Food
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sodium Iodate Market: Competitive Dashboard
14.2 Global Sodium Iodate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Iofina
14.3.2 Ajay-SQM
14.3.3 Jindian Chemical Co.,Ltd
14.3.4 Samrat Pharmachem Ltd