Sodium iodate is the sodium salt of iodic acid which is used as an oxidizing agent. Sodium iodate is a colorless, rhombic crystal and is used as the catalyst in bis-indole synthesis. Sodium iodate is formed by the chemical reaction between a salt base and acid. Sodium iodate may decompose on exposure to light, air, or moisture and is heat and shock sensitive. The reaction between a concentrated solution of sodium hydroxide and iodine can also lead to the formation of sodium iodate. Sodium iodate is used as a source of iodine supplement and also as analytic reagent.

The key factor which drives the global sodium iodate market is the salt industry in which the demand for iodized salt keeps on increasing. The growing baking industry is another significant market driver of sodium iodate as sodium iodate in trace amounts is used as disinfectant against bacteria. Recent advancements in the pharmaceutical and healthcare industry is acting as a driver of sodium iodate as it is used as an analytic reagent. Growing technical developments in the field of cell biology is also acting as a significant market driver of sodium iodate. The analytical reagent market is a driver of sodium iodate due to the ability of sodium iodate to quickly detect morphine and heroin.

The global sodium iodate market is segmented on the basis of product grade as medicine grade, food grade, feed grade, reagent grade, cosmetic grade, industrial grade, and agriculture grade. Based on product categories, sodium iodate is segmented as inorganic compounds, inorganic salts, synthetic reagents, analytical reagent and Puriss p.a. On the basis of raw materials, sodium iodate is segmented as iodine and sodium hydroxide. In terms of application, the market is classified as iodine supplement, disinfectant, preservative, medical disinfectant, ordinary and chromatographic analytic reagent, and feed additive.

The global sodium iodate market witnessed decent growth in 2015 and the same trend is expected to follow during the forecast period (2016-2024). In terms of region, the global sodium iodate market has been segmented into Asia Pacific, North America, and Europe. In the Asia Pacific region, China is the major player due to the growing pharmaceutical industries in the country. North America and Europe are the significant players in the sodium iodate market due to the rising demand for analytical reagents. Middle East and Latin America are growing markets for sodium iodate owing to recent developments in the pharmaceutical sector in these regions.

Key players of the global sodium iodate market include Iofina, Ajay-SQM, Hanwei Chemical, Shandong Boyuan Pharmaceutical Co. Ltd, Chemos GmbH, Hangzhou Dayangchem Co. Ltd, Charkit Chemical Corporation, Barentz N.V,CG Chemikalien GmbH & Co. KG, BKM Resources Inc., Kinbester Co., Ltd, Jin Dian Chemical Co., Ltd., and Simagchem Corporation.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Sodium Iodate Market

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