Get the latest insights on price movement and trend analysis of Sodium Iodide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The global sodium iodide market offers extensive opportunities for stakeholders. Projections indicate that the market is set to reach a value of USD 173 million by 2024, with further substantial expansion anticipated to propel it to USD 304 million by 2034. The market will maintain a steady CAGR of 5.8%, indicating sustained and consistent progress, during the forecast period.

Attributes	Key Insights
Estimated Size in 2024	USD 173 million
Projected Market Value in 2034	USD 304 million
Value-based CAGR from 2024 to 2034	5.8%

Country-wise Insights

Countries	CAGR from 2024 to 2034
The United States	3.9%
The United Kingdom	4.6%
Japan	6.9%
China	7.9%
India	7.1%

Category-wise Insights

Segment	Industrial Grade (Grade)
Value Share (2024)	64.7%

Segment	Agrochemical Industry (End Use)
Value Share (2024)	32.4%

Report Scope

Attribute	Details
Estimated Market Size in 2024	USD 173 million
Projected Market Valuation in 2034	USD 304 million
Value-based CAGR 2024 to 2034	5.8%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in USD million
Key Regions Covered	North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East & Africa
Key Market Segments Covered	Grade, End Use, Region
Key Countries Profiled	The United States, Canada, Brazil, Mexico, Germany, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel
Key Companies Profiled	Honeywell International, Inc.; Merck KGaA; TCI Chemicals Pvt. Ltd.; Thermo Fisher Scientific Inc.; Santa Cruz Biotechnology, Inc.; Carl Roth; Cole-Parmer; Iofina; American Elements; Haffner GmbH & Co. KG; Ajay-SQM Group; GFS Chemicals, Inc.; Glentham Life Sciences; International Isotopes Inc.; Molekula Group; Oakwood Chemical; CDH Fine Chemical; Sisco Research Laboratories Pvt. Ltd.; Matrix Fine Chemicals; Ise Chemicals Corporation

The global sodium iodide market, valued at $244.8 million in 2025, is poised for significant growth over the forecast period (2025-2033). While the precise CAGR is unavailable, considering the widespread applications of sodium iodide in pharmaceuticals (as a contrast agent and in thyroid medication), the food industry (as a source of iodine), and various industrial processes, a conservative estimate places the annual growth rate between 4-6%. This growth is fueled by increasing demand for iodine-containing products globally, particularly in developing economies experiencing rising healthcare spending and industrialization. The pharmaceutical grade segment dominates the market, driven by the expanding need for diagnostic imaging and thyroid medication. However, growing industrial applications, such as in photography and chemical synthesis, are also contributing to market expansion. Key players like Iofina, Ajay-SQM, and Tocean Iodine Products are driving innovation and market competition, constantly seeking to improve product quality and efficiency. Geographic distribution reveals robust growth prospects in Asia Pacific, particularly China and India, owing to their burgeoning pharmaceutical and industrial sectors. North America and Europe maintain significant market shares due to well-established healthcare infrastructures and a strong presence of established players. Despite the positive outlook, certain challenges exist. Fluctuations in raw material prices, stringent regulatory requirements for pharmaceutical-grade sodium iodide, and the potential for substitution by alternative iodine-containing compounds represent key restraints on market growth. However, ongoing research and development efforts focusing on sustainable sourcing of raw materials and the development of high-purity sodium iodide are mitigating these challenges. The market is expected to see continued consolidation as larger players acquire smaller competitors, further driving innovation and efficiency in the supply chain. Future growth hinges on the continued expansion of healthcare infrastructure in developing countries, technological advancements in iodine-based products, and the increasing awareness of iodine deficiency disorders globally.

Sodium Iodide Market Outlook

The global sodium iodide market is witnessing significant growth, with the market size estimated at USD 1.2 billion in 2023 and projected to reach USD 1.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period. This growth is driven by increasing demand across various industries, particularly in pharmaceuticals and healthcare, due to sodium iodide's vital role in medical treatments and diagnostics. Furthermore, the rising need for radiation detection and the proliferation of nuclear medicine are expected to boost demand. Innovations in chemical synthesis also contribute to market expansion, providing new opportunities for industry players.

Several factors are contributing to the burgeoning demand for sodium iodide. In the pharmaceutical sector, the compound is crucial for the formulation of medications used in the treatment of thyroid disorders. As the prevalence of thyroid-related health issues continues to rise globally, driven by lifestyle changes and dietary factors, the demand for sodium iodide is projected to increase correspondingly. Additionally, advancements in healthcare infrastructure and the growing emphasis on early diagnosis and treatment are facilitating increased usage of sodium iodide in diagnostic applications, particularly in nuclear medicine imaging techniques like PET scans, which further propels market growth.

Beyond pharmaceuticals, sodium iodide plays a significant role in chemical synthesis processes. Its ability to function as a catalyst in organic reactions makes it indispensable in the manufacture of various chemical compounds. With industries continually seeking efficient and sustainable chemical production methods, sodium iodide's applicability in these processes has become more prominent. Moreover, the expansion of the chemical industry, driven by demand for diverse chemical products in agriculture, consumer goods, and industrial applications, will continue to support the sodium iodide market growth. As research in chemical synthesis evolves, new pathways utilizing sodium iodide are likely to emerge, fostering further market development.

The global push towards nuclear energy and improved radiation detection technologies also significantly influences the sodium iodide market. As countries invest in nuclear power to meet sustainable energy targets, the demand for materials crucial in radiation detection and safety, such as sodium iodide, is expected to rise. This is particularly evident in regions with significant nuclear energy investments, such as Asia Pacific and North America. Enhanced security protocols and the need for accurate radiation monitoring in healthcare and industrial settings are key drivers. Additionally, sodium iodide's role in radiation detection equipment for scientific and medical research underpins its growing demand in these sectors.

Potassium Iodide is increasingly recognized for its critical role in emergency preparedness, particularly in the context of nuclear incidents. This compound acts as a protective agent against radioactive iodine, which can be released during nuclear accidents. By saturating the thyroid gland, Potassium Iodide prevents the absorption of harmful radioactive iodine, thereby reducing the risk of thyroid cancer. Its importance is underscored by government stockpiling initiatives and public health strategies aimed at mitigating the impacts of nuclear exposure. As awareness of nuclear safety grows, the demand for Potassium Iodide as a protective measure is expected to rise, complementing the broader market dynamics of iodine compounds.

Regionally, the sodium iodide market in Asia Pacific is experiencing rapid growth, bolstered by robust industrialization and expanding healthcare sectors. Countries like China and India are at the forefront due to large-scale investments in healthcare infrastructure and chemical industries. North America remains a significant market, driven by advanced healthcare systems and a strong emphasis on nuclear energy. Europe also presents a steady growth trajectory, supported by stringent regulations and a focus on sustainable energy. Meanwhile, Latin America and the Middle East & Africa are emerging markets with increasing investments in healthcare and energy sectors, showcasing potential for future market expansion.

Product Type Analysis

In the sodium iodide market, product type segmentation is critical, with pharmaceutical grade and industrial grade b

The global sodium iodide powder market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise market size figures for 2025 are unavailable, a reasonable estimation based on industry trends and available data suggests a market valuation of approximately $500 million in 2025. This market is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching an estimated market value of $700 million by 2033. This growth trajectory is fueled by several key factors. The medical industry, particularly in diagnostic imaging (including radiopharmaceuticals), represents a significant driver, along with the burgeoning fields of geological exploration and security inspection, where sodium iodide's scintillation properties are crucial. Expanding research and development in physics experiments contributes to consistent market demand. While price fluctuations in raw materials and potential regulatory hurdles pose challenges, the overall market outlook remains positive due to the irreplaceable nature of sodium iodide in several specialized applications. The market segmentation reveals significant contributions from various applications. The medical industry likely commands the largest share, followed by geological exploration and security inspection. Geographical analysis shows that North America and Europe currently hold substantial market share due to established healthcare infrastructure and research institutions. However, Asia Pacific is anticipated to witness the fastest growth rate over the forecast period, driven by increasing industrialization and expanding healthcare sectors in countries like China and India. Major players in the market, including Stanford Advanced Materials, Merck, and others, are strategically investing in research and development and expanding their production capacities to meet the growing demand. This competitive landscape ensures continuous innovation and product improvement, further solidifying sodium iodide powder's position in various key industries.

The global sodium iodide market is estimated to expand at a CAGR of 6.18% over the forecast period 2025-2033. The market size was valued at USD 0.7 billion in 2025 and is projected to reach USD 1.3 billion by 2033. Sodium iodide is a white crystalline powder that is soluble in water. It is used in various applications, including medical imaging, nuclear medicine, industrial applications, and research and development. The increasing demand for sodium iodide in the healthcare industry is expected to drive the market growth. The rising adoption of nuclear medicine and molecular imaging for the diagnosis and treatment of various diseases has contributed to the demand for sodium iodide. Sodium iodide is used as a contrast agent in medical imaging techniques such as thyroid scans, parathyroid scans, and adrenal scans. Additionally, the growing pharmaceutical industry and the increasing demand for sodium iodide in research and development have further propelled the market growth. The key players in the sodium iodide market include Gulf Resources, Iodine Global, FMC Corporation, Nantong Xinjiang Chemical, Pembar Chemical, Godo Shigen, Algaetech, Iofina, Deepwater Chemicals, and SQM. The global Sodium Iodide market is anticipated to reach a valuation of USD 1.5 billion by 2029, exhibiting a CAGR of 6.4% over the forecast period (2023-2029). The market growth is primarily attributed to the increasing demand from the pharmaceutical sector and advancements in medical imaging technologies. Recent developments include: Recent developments in the Sodium Iodide Market have indicated a sustained increase in demand, driven primarily by growing applications in the pharmaceutical sector and advancements in medical imaging technologies., Companies such as Gulf Resources and Iodine Global are leveraging their production capabilities to meet this rising demand, while FMC Corporation continues to innovate in refining its product offerings. Nantong Xinjiang Chemical and Pembar Chemical are expanding their operational facilities to enhance production efficiency. Notably, SQM has been actively involved in strategic expansions to capture a larger market share., In terms of mergers and acquisitions, several industry players have been exploring collaborative ventures to consolidate their positions; however, there have been no significant publicly reported mergers among the targeted companies, including Godo Shigen, Algaetech, and Iofina., The growth in market valuation for these companies has been substantial, positively influencing their stock performance and attracting investment. Overall, these dynamics suggest a promising trajectory for the Sodium Iodide Market amidst evolving industry trends and economic conditions., Sodium Iodide Market Segmentation Insights. Key drivers for this market are: Increased demand in pharmaceuticals, Growth in nuclear medicine applications; Expanding veterinary diagnostic market; Rising applications in industrial sectors; Advancements in medical imaging technologies. Potential restraints include: Rising demand in medical applications, Growing use in radiation therapy; Increasing awareness of iodine deficiency; Expansion in the pharmaceutical sector; Strict regulatory compliance and standards.

Sodium Iodide Market Outlook

According to our latest research, the global sodium iodide market size in 2024 is valued at USD 1.21 billion, reflecting robust demand across diverse industries. The market is poised to grow at a CAGR of 5.8% from 2025 to 2033, reaching a projected size of USD 2.02 billion by 2033. Key growth factors include the expanding pharmaceutical sector, increasing use in radiation detection technologies, and the rising demand for high-purity chemicals in various industrial processes. This comprehensive analysis highlights the evolving landscape and emerging opportunities within the sodium iodide market as global industries continue to innovate and expand their applications.

Growth in the sodium iodide market is being primarily driven by its critical role in the pharmaceutical industry. Sodium iodide is an essential source of iodine, which is a vital micronutrient for human health and is used extensively in the formulation of thyroid medications, antiseptics, and contrast agents for medical imaging. The rising prevalence of thyroid disorders worldwide, especially in developed economies, is fueling the demand for pharmaceutical-grade sodium iodide. Additionally, the ongoing advancements in healthcare infrastructure and the increasing focus on preventive healthcare are further boosting the consumption of sodium iodide in pharmaceutical applications. The regulatory emphasis on quality and purity in drug formulations is also prompting manufacturers to invest in advanced production technologies, thereby supporting market growth.

Another significant growth factor is the expanding use of sodium iodide in radiation detection and nuclear medicine. Sodium iodide crystals are widely utilized in scintillation detectors, which play a pivotal role in medical imaging, nuclear power plants, and homeland security. The surge in nuclear medicine procedures, coupled with the rising need for radiation monitoring in industrial and environmental applications, is contributing to the robust demand for high-purity sodium iodide. Moreover, the ongoing research and development activities aimed at enhancing the efficiency and sensitivity of radiation detection devices are expected to further augment market growth. The integration of sodium iodide-based technologies in new diagnostic and therapeutic modalities underscores its importance in the evolving landscape of medical diagnostics and safety monitoring.

The sodium iodide market is also benefiting from its diverse industrial applications, including chemical synthesis, food and feed additives, and analytical research. In the chemical industry, sodium iodide serves as a catalyst and reagent in various organic synthesis processes. Its use as a food and feed additive is gaining traction due to the growing awareness about iodine deficiency and the implementation of government initiatives to fortify food products with essential micronutrients. The demand for analytical-grade sodium iodide is rising in academic and research institutions, where it is used in laboratory experiments and quality control processes. These multifaceted applications, coupled with the increasing adoption of advanced manufacturing processes, are creating new avenues for market expansion.

Regionally, the sodium iodide market exhibits strong growth potential across Asia Pacific, North America, and Europe. Asia Pacific is emerging as a key market, driven by the rapid industrialization, expanding healthcare sector, and increasing investments in research and development. North America and Europe continue to lead in terms of technological innovation and regulatory compliance, ensuring the supply of high-quality sodium iodide for critical applications. The Middle East & Africa and Latin America are also witnessing steady growth, supported by rising healthcare expenditures and the gradual adoption of advanced chemical processes. The regional dynamics reflect a balanced mix of mature and emerging markets, each contributing to the overall growth trajectory of the sodium iodide industry.

Product Type

Global Sodium Iodide market size 2025 was XX Million. Sodium Iodide Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Learn more about Market Research Intellect's Sodium Iodide Market Report, valued at USD 350 million in 2024, and set to grow to USD 550 million by 2033 with a CAGR of 6.5% (2026-2033).

The global high purity sodium iodide powder market was valued at USD XX million in 2025 and is expected to reach USD XX million by 2033, exhibiting a CAGR of XX% during the forecast period. The market growth is primarily driven by the rising demand for high purity sodium iodide powder in various applications, including physics experiments, medical imaging, geological exploration, and security inspection. The increasing adoption of scintillation detectors in medical imaging and the growing awareness of geological risks are further contributing to the market expansion. North America and Asia Pacific are the dominant regional markets for high purity sodium iodide powder due to the presence of major manufacturers and a large customer base in these regions. China and India are the key markets in Asia Pacific, owing to the increasing demand from the healthcare and research industries. Europe and the Middle East & Africa are also expected to witness significant growth in the coming years, driven by the need for advanced technologies in healthcare and security applications.

The global Sodium Iodide API market is experiencing steady growth, projected to reach a market value of $250 million by 2025, with a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several key drivers. The increasing demand for medical imaging, particularly in nuclear medicine, is a significant factor. Sodium iodide is a crucial component in scintillation detectors used in various imaging techniques like Single Photon Emission Computed Tomography (SPECT) and Positron Emission Tomography (PET), driving market expansion. Furthermore, advancements in medical technology, leading to more sophisticated and sensitive imaging equipment, are contributing to this growth. The rising prevalence of chronic diseases necessitates increased diagnostic imaging procedures, thereby further boosting the demand for Sodium Iodide API. However, the market also faces challenges, including stringent regulatory approvals and the potential for price fluctuations based on raw material availability and fluctuations in the global economy. The market segmentation reveals a strong focus on high-purity Sodium Iodide API (≥99%), reflecting the critical quality requirements of the medical imaging sector. Geographic analysis indicates that North America and Europe currently hold significant market share due to established healthcare infrastructure and high adoption rates of advanced imaging technologies. However, emerging economies in Asia Pacific, particularly China and India, are expected to witness substantial growth in the coming years, driven by increasing healthcare expenditure and improving diagnostic capabilities. Key players in the market include BWXT ITG Canada, GE Healthcare, and others, constantly investing in research and development to improve product quality and expand their product portfolio, enhancing competitiveness and driving overall market expansion.

The global Sodium Iodide Powder market is anticipated to reach USD 5.7 billion by 2033, growing at a CAGR of 7.2% from 2025 to 2033. Increasing utilization of sodium iodide powder in scintillation detectors for detecting gamma radiation and X-rays, and rising demand for high-purity sodium iodide powder in the pharmaceutical industry are key factors propelling market growth. The powder is also widely utilized in the medical industry as a contrast agent for X-ray and CT scans, further adding to the market's expansion. Rapid advancements in medical imaging techniques and the growing prevalence of chronic diseases are expected to fuel demand for sodium iodide powder. The flourishing healthcare sector, particularly in developing regions, is anticipated to create lucrative growth opportunities for the market. Additionally, government initiatives to enhance healthcare infrastructure and the increasing accessibility of medical imaging services are likely to drive the market's growth in the coming years. Market Overview Sodium iodide powder is a white crystalline salt that is commonly used in various applications, including physics experiments, medical industry, and geological exploration. The global sodium iodide powder market is expected to grow at a CAGR of around 4% during the forecast period of 2023-2028.

The China inorganic iodide market, exhibiting a CAGR exceeding 3.50%, presents a significant growth opportunity. Driven by expanding applications in pharmaceuticals, animal feed, and industrial chemicals, the market is projected to reach substantial value in the coming years. The market segmentation, encompassing potassium iodide, sodium iodide, hydroiodic acid, and other products, reflects diverse industrial needs. Within applications, pharmaceuticals and medical uses, fueled by increasing demand for iodine-based medications and diagnostics, are expected to dominate. The animal feed and nutraceuticals segment also contributes significantly, driven by the growing awareness of iodine's crucial role in animal health and human nutrition. While precise market sizing for China is unavailable, considering a global market size and the substantial contribution of China to global chemical production, it's reasonable to estimate the 2025 market value in the range of several hundred million USD. The market's growth trajectory is supported by favorable government policies promoting healthcare and animal husbandry, coupled with continuous technological advancements enhancing iodine production efficiency and application versatility. However, potential restraints include price fluctuations in raw materials and stringent environmental regulations that could impact production costs and profitability. The competitive landscape is characterized by both established domestic players and international companies, signifying a dynamic and evolving market. The forecast period of 2025-2033 promises continued expansion, although precise projections require further granular data. Further growth will be underpinned by innovation in iodine-based products and applications, along with consistent demand from key sectors. Key players like Godo Shigen Co Ltd, Hebei Lingding Biotechnology Co Ltd, and others are strategically positioned to capitalize on the market's expansion, focusing on product diversification, capacity expansion, and research & development to stay competitive. The continued growth in the pharmaceutical and animal feed sectors, combined with the increasing focus on industrial applications such as optical polarizing films, will be major factors influencing market expansion throughout the forecast period. Challenges remain, particularly in managing raw material costs and complying with environmental regulations, but the overall outlook for the China inorganic iodide market remains positive, promising considerable opportunities for stakeholders. Recent developments include: Recent developments pertaining to the market studied will be covered in the full report.. Key drivers for this market are: Increasing Demand from the Pharmaceutical Industry, Growing Animal Feed Industry in China. Potential restraints include: Increasing Demand from the Pharmaceutical Industry, Growing Animal Feed Industry in China. Notable trends are: Animal Feed and Nutraceuticals Sector Expected to Serve as the Growth Engine.

The global inorganic iodide market, valued at $2,581 million in 2025, is projected to experience robust growth, driven by increasing demand across diverse sectors. A compound annual growth rate (CAGR) of 7.4% from 2025 to 2033 suggests a significant expansion to approximately $4,500 million by 2033. This growth is primarily fueled by the escalating use of inorganic iodides in the medical sector, particularly for the production of pharmaceuticals and contrast agents for medical imaging. The chemical industry also represents a substantial market segment, utilizing inorganic iodides in various chemical processes and applications. The electronics and semiconductor industries are further contributing to market expansion, driven by the need for high-purity materials in advanced technologies. While precise data on specific segment breakdowns is unavailable, we can deduce that medical applications currently dominate due to the essential role of iodine in healthcare. Growth is expected to be relatively balanced across major segments with potentially higher growth in the electronics and semiconductor sectors due to technological advancements. Geographic distribution displays a diversified market landscape. North America and Europe are anticipated to hold significant market shares, given established healthcare infrastructure and strong chemical industries. However, rapidly developing economies in Asia-Pacific, particularly China and India, are expected to contribute significantly to overall market expansion in the forecast period. The growing middle class and increasing healthcare spending in these regions present immense opportunities for inorganic iodide producers. Competitive dynamics in the market involve several key players, including SQM Group, Godo Shigen, and Iofina Chemical, amongst others. The market is characterized by both established multinational corporations and regional players, with competitive pressures focused on price competitiveness, product quality, and supply chain reliability.

The global sodium iodide powder market is experiencing robust growth, driven by increasing demand across diverse sectors. While precise market size figures for 2019-2024 are unavailable, a reasonable estimation, considering the growth trajectory of related chemical markets and the expanding applications of sodium iodide, places the market size at approximately $250 million in 2025. This represents a significant expansion from previous years. The market is projected to experience a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, indicating continued market expansion and substantial growth opportunities. Key drivers include the expanding medical imaging industry, particularly in emerging economies, where demand for radiopharmaceuticals is on the rise. The increasing use of sodium iodide in geological exploration and security inspection applications also contributes to market growth. Technological advancements in purification processes and the development of high-purity sodium iodide are further fostering market expansion. However, potential price fluctuations in raw materials and stringent regulatory guidelines related to handling and disposal of chemical compounds present potential restraints. The market segmentation reveals a varied application landscape. The medical industry holds a dominant share, owing to the crucial role of sodium iodide in radioisotope production for diagnostic imaging. Physics experiments, geological exploration, and security inspection represent other significant segments, each contributing to market growth. North America and Europe currently dominate the market due to established healthcare infrastructure and advanced research facilities. However, Asia Pacific is projected to experience the fastest growth during the forecast period, fueled by rising disposable incomes, expanding healthcare sectors, and increasing industrialization in countries like China and India. The competitive landscape is marked by the presence of both established chemical manufacturers and specialized suppliers, ensuring a wide availability of products with varying purity levels to meet diverse application requirements.

The China Inorganic Iodide Market is Segmented by Product (Potassium Iodide, Sodium Iodide, Potassium Iodate, Hydroiodic Acid, and Other Products) and by Application (Animal Feed and Nutraceuticals, Pharmaceuticals and Medical, Optical Polarizing Films, Industrial Chemicals, and Other Applications). The report offers market size and forecasts for the Inorganic Iodide Market in volume (tons) for all the above segments.

BASE YEAR	2024
HISTORICAL DATA	2019 - 2024
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
MARKET SIZE 2023	2.47(USD Billion)
MARKET SIZE 2024	2.54(USD Billion)
MARKET SIZE 2032	3.2(USD Billion)
SEGMENTS COVERED	Application, Grade, Purity, Packaging Type, Regional
COUNTRIES COVERED	North America, Europe, APAC, South America, MEA
KEY MARKET DYNAMICS	Rising demand for iodized salt Increasing prevalence of iodine deficiency disorders Technological advancements in production processes Government regulations on iodine fortification Expanding applications in healthcare and pharmaceuticals
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	AkzoNobel, BASF, Dow Chemical, Solvay, Buckman, Lanxess, Hexion, Momentive Performance Materials, Nouryon, Chryso, Kemira, Wacker Chemie, Evonik Industries, Lubrizol, DuPont
MARKET FORECAST PERIOD	2025 - 2032
KEY MARKET OPPORTUNITIES	Increased demand for iodized salt Expanding pharmaceutical applications Growing use in dyes and pigments Rising prevalence of thyroid disorders Emerging applications in water treatment
COMPOUND ANNUAL GROWTH RATE (CAGR)	2.92% (2025 - 2032)

The global Sodium Iodide I-131 Kits and Capsules market size was valued at USD XX million in 2025 and is projected to grow at a CAGR of XX% during the forecast period 2025-2033, reaching USD XX million by 2033. The growth of the market is attributed to factors such as increasing demand for I-131 therapy in the treatment of thyroid cancer, rising prevalence of thyroid diseases, and technological advancements in radioisotope production. Moreover, the increasing number of diagnostic and therapeutic procedures involving the use of I-131, and favorable reimbursement policies for radioisotope therapies are expected to contribute to the growth of the market. The market is segmented into Application and Types. Based on Application, the market is further segmented into: Thyroid Cancer Treatment, Hyperthyroidism Treatment. Based on Types, the market is further segmented into: Kits, Capsules. Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to hold the largest market share due to the presence of a large number of specialized medical facilities and well-established healthcare infrastructure.

China Inorganic Iodide Market size was valued at USD 3.83 Billion in 2024 and is expected to reach USD 6.29 Billion by 2032, growing at a CAGR of 6.2% from 2026 to 2032.Key Market Drivers:Rising Demand for Inorganic Iodide in Pharmaceuticals: The demand for inorganic iodide in China's pharmaceutical sector is rising due to its critical role in medical imaging and thyroid treatments. Growing Applications in the Chemical Industry: The chemical industry's growing reliance on inorganic iodide for catalysts and specialty chemicals is driving market expansion. A 2023 report from the China Chemical Industry Association revealed a 6.5% year-on-year increase in chemical production, with iodide-based compounds playing a significant role.

Sodium Iodide Powder is a crucial chemical compound with diverse applications across various sectors, including pharmaceuticals, agriculture, and chemical manufacturing. Its primary use lies in the synthesis of iodide compounds and as a source of iodine, which plays a vital role in diverse medical applications such