What is Sodium Iodate Market Scope?
Sodium iodate is the sodium salt of iodic acid that is used as an oxidizing agent. Sodium Iodate market is expected to grow in the future due to the rising demand for sodium iodate from various end-user industries such as chemicals. pharmaceutical, bakery, etc. rising industrialization in developing countries will boost the market of sodium iodate in the forecasted period.
The Sodium Iodate market study is being classified, by Application (Iodine Supplement, Medical Disinfectant, Ordinary and Chromatographic Analytic Reagent, Feed Additive, Disinfectant and Preservative) and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from Chinese will contribute to the maximum growth of Global Sodium Iodate market throughout the predicted period.
Iofina plc (United Kingdom), Ajay-SQM Group (France), Shandong Boyuan Pharmaceutical Co. Ltd (China), CHEMOS GmbH & Co. KG (Germany), Hangzhou Dayangchem Co. Ltd (China), Charkit Chemical Corporation (United States), CG Chemikalien GmbH & Co. KG (Germany) and Kinbester Co., Ltd (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Jin Dian Chemical Co., Ltd. (China) and Simagchem Corporation (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Sodium Iodate market by Type, Application and Region.
On the basis of geography, the market of Sodium Iodate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Market Trend
- Usage of Sodium Iodate as an Analytic Reagent in the Pharmaceutical and Healthcare Industry
Market Drivers
- Increasing Demand of Iodized Salt in Salt Industry
- Rising Use of Sodium Iodate as a Disinfectant Against Bacteria in the Baking Industry
Opportunities
- Rising Demand for Sodium Iodate in Developing Countries
Restraints
- High Cost of Sodium Iodate
Challenges
- Excessive Use of Sodium Iodate Contains Side Effects on Body
Key Target Audience
Sodium Iodate Manufacturer, Sodium Iodate Supplier/Distributors, Potential Investors, Chemical Industry and Research and Development Organisation
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