United States Sodium Iodide Market was valued at USD 0.15 Billion in 2022 and is projected to reach USD 0.25 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The US Sodium Iodide market is rapidly evolving as industries seek innovative ways to leverage this chemical compound in various applications. Sodium iodide is a vital chemical compound used across numerous sectors, including healthcare, manufacturing, and research. Its significance has grown substantially, primarily due to its essential role in diagnostic imaging, pharmaceuticals, and radiation protection. With rising demand in both established and emerging industries, understanding the different types of Sodium Iodide and their specific requirements is crucial for stakeholders.
One of the key segments driving the demand for Sodium Iodide in the US is the healthcare industry. Sodium Iodide, especially in its radioactive form (I-131), is used in the diagnosis and treatment of thyroid-related conditions. It is indispensable in nuclear medicine, particularly for radioactive iodine therapies, which are commonly administered to patients with hyperthyroidism or thyroid cancer. This form of Sodium Iodide is a critical asset for medical facilities aiming to offer advanced treatment options.
The industrial requirement for Sodium Iodide extends beyond healthcare. In the manufacturing sector, it is used in the production of specialty glass and as a component in the preparation of certain dyes and pigments. Furthermore, Sodium Iodide plays a role in water purification processes and in the production of some chemicals and reagents. Its versatility in various chemical reactions adds to its demand across these industries.
In addition, research and development are significant contributors to the Sodium Iodide market in the US. With its importance in scientific experimentation, especially in radiochemical research and material science, there is a consistent need for high-quality Sodium Iodide products. Universities, research labs, and private institutions utilize this compound extensively, boosting its market presence.
The growing demand for Sodium Iodide in both traditional and novel applications highlights the ongoing evolution of the US Sodium Iodide market. Understanding the specific requirements of industries that rely on Sodium Iodide, from medical to industrial uses, ensures better product development and greater efficiency in meeting market needs.
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Iofina
Ajay-SQM
Tocean Iodine Products
Boyuan Pharmaceutical&Chemical
Nanjing Taiye Chemical
Taixing Youlian Fine Chemical
Jindian Chemical
Jiangxi Shengdian S&T
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Sodium Iodide Market
Pharmaceuticals
Diagnostics
Food and Beverages
Cosmetics
Others
Crystals
Powder
Solution
Industrial Grade
Reagent Grade
Pharmaceutical Grade
Healthcare
Food and Beverage
Cosmetics and Personal Care
Manufacturing
Direct Sales
Online Sales
Distributors
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Sodium Iodide Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Sodium Iodide Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Sodium Iodide Market, By Type
6. US Sodium Iodide Market, By Application
7. US Sodium Iodide Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Sodium Iodide Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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