The Global Sodium Iodide Market was valued at USD 176.36 Million in 2023 and is projected to reach USD 260.25 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.70% during the forecast period. This significant growth is primarily driven by the expanding healthcare sector, particularly in medical imaging and nuclear medicine, alongside rising industrial applications in X-ray contrast media, nutritional supplements, and niche chemical synthesis.

As global healthcare infrastructure advances and demand for diagnostic imaging surges, the sodium iodide market is witnessing robust expansion. Key industry players are focusing on high-purity production, strategic capacity expansions, and adherence to stringent pharmaceutical standards to meet evolving end-user requirements. In this analysis, we profile the Top 10 Companies in the Sodium Iodide Industry—a mix of specialized chemical manufacturers, integrated iodine producers, and pharmaceutical suppliers shaping the global supply chain.

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🔟 1. Iofina plc

Headquarters: London, United Kingdom
Key Offering: USP Grade Sodium Iodide, High-Purity Crystalline NaI

Iofina stands as a vertically integrated leader in the iodine and iodine derivative markets. The company’s unique extraction technology, IOsorb®, enables efficient iodine production from brine water in Oklahoma, USA, providing a reliable feedstock for its sodium iodide manufacturing. Iofina Chemical specializes in producing high-purity sodium iodide that meets United States Pharmacopeia (USP) standards, catering primarily to the pharmaceutical and medical diagnostics industries.

Strategic Initiatives:

• Vertical integration from iodine extraction to specialty chemical production

• Continuous investment in IOsorb® technology for cost-effective iodine supply

• Expansion of high-purity product portfolio for medical applications

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9️⃣ 2. Ajay-SQM Group

Headquarters: Atlanta, Georgia, USA (Ajay); Santiago, Chile (SQM)
Key Offering: Pharmaceutical Grade Sodium Iodide, Industrial Grade NaI

Ajay-SQM represents a powerful partnership between Ajay North America and Sociedad Química y Minera de Chile (SQM), one of the world’s largest iodine producers. This collaboration leverages SQM’s vast caliche ore-based iodine reserves in the Atacama Desert with Ajay’s distribution and chemical processing expertise in North America. The company offers a comprehensive range of sodium iodide grades suitable for various applications.

Strategic Initiatives:

• Leveraging SQM’s world-class iodine production capabilities

• Strategic distribution network across North American markets

• Focus on pharmaceutical-grade quality control and certification

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8️⃣ 3. Tocean Iodine Products

Headquarters: Zhangjiagang, Jiangsu, China
Key Offering: Sodium Iodide, Potassium Iodide, Iodine Derivatives

Tocean Iodine Products has established itself as a significant manufacturer in the Asian sodium iodide market. The company operates advanced production facilities with substantial capacity for inorganic iodine compounds. Tocean serves both domestic Chinese markets and international clients, with products meeting various international standards for pharmaceutical and industrial applications.

Strategic Initiatives:

• Expansion of production capacity to meet growing Asian demand

• Development of export-oriented product lines

• Investment in quality management systems for regulatory compliance

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7️⃣ 4. Boyuan Pharmaceutical & Chemical

Headquarters: Jinan, Shandong, China
Key Offering: Pharmaceutical Grade Sodium Iodide, API Intermediates

Boyuan Pharmaceutical & Chemical specializes in high-purity sodium iodide tailored for pharmaceutical applications. As a company with strong roots in pharmaceutical intermediates, Boyuan emphasizes stringent quality control processes that align with Good Manufacturing Practice (GMP) standards. Their products are particularly valued in the production of contrast media and thyroid medications.

Strategic Initiatives:

• Focus on pharmaceutical-grade purity and documentation

• Strategic positioning within the pharmaceutical supply chain

• Investment in analytical laboratory capabilities for quality assurance

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6️⃣ 5. Nanjing Taiye Chemical

Headquarters: Nanjing, Jiangsu, China
Key Offering: Industrial Grade Sodium Iodide, Chemical Intermediates

Nanjing Taiye Chemical has built a reputation as a reliable supplier of industrial-grade sodium iodide for various applications beyond pharmaceuticals. The company serves customers in photography, chemical synthesis, and industrial catalyst sectors. Their competitive positioning stems from efficient production processes and responsive customer service for industrial clients.

Strategic Initiatives:

• Diversification into multiple industrial application segments

• Cost optimization through process efficiency improvements

• Development of customized sodium iodide solutions for specialty applications

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5️⃣ 6. Taixing Youlian Fine Chemical

Headquarters: Taizhou, Jiangsu, China
Key Offering: Fine Grade Sodium Iodide, Custom Iodine Compounds

Taixing Youlian Fine Chemical focuses on the production of high-quality fine chemicals, with sodium iodide representing a key product line. The company’s strength lies in its ability to produce consistent quality products for both domestic and international markets. Their technical expertise extends to various iodine-based compounds beyond sodium iodide.

Strategic Initiatives:

• Specialization in fine chemical manufacturing techniques

• Development of proprietary purification processes

• Strategic partnerships with international distributors

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4️⃣ 7. Jindian Chemical

Headquarters: Tianjin, China
Key Offering: Sodium Iodide, Potassium Iodide, Iodine Salts

Jindian Chemical operates as a specialized manufacturer of inorganic iodine compounds with a focus on both standard and custom products. The company has developed expertise in handling iodine chemistry safely and efficiently. Jindian serves a broad customer base across pharmaceuticals, nutrition, and industrial sectors with consistent product quality.

Strategic Initiatives:

• Expansion of product portfolio within iodine chemistry

• Investment in safety and environmental compliance

• Development of competitive pricing strategies for volume markets

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3️⃣ 8. Jiangxi Shengdian S&T Co., Ltd.

Headquarters: Yingtan, Jiangxi, China
Key Offering: Sodium Iodide, Iodine-Based Specialties

Jiangxi Shengdian Science and Technology has positioned itself as an innovative producer in the iodine chemicals sector. The company leverages technical expertise to develop sodium iodide products that meet specific customer requirements. Their approach combines traditional manufacturing with modern quality control systems to ensure product consistency.

Strategic Initiatives:

• Focus on research and development for product improvement

• Implementation of advanced quality monitoring systems

• Strategic expansion into emerging application areas

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2️⃣ 9. Samrat Pharmachem Limited

Headquarters: Mumbai, Maharashtra, India
Key Offering: Pharmaceutical Grade Sodium Iodide, API Intermediates

Samrat Pharmachem represents the growing Indian presence in the global sodium iodide market. The company specializes in pharmaceutical-grade products that serve India’s expanding healthcare sector and export markets. Their strategic location provides advantages in serving both Asian and Middle Eastern markets with competitive pricing and reliable supply.

Strategic Initiatives:

• Capitalizing on India’s position as a pharmaceutical manufacturing hub

• Development of regulatory compliance for international markets

• Strategic pricing to compete in cost-sensitive markets

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1️⃣ 10. Godo Shigen Sangyo Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: High-Purity Sodium Iodide, Nuclear Grade NaI

Godo Shigen Sangyo is a well-established Japanese company with deep expertise in iodine and its compounds. The company produces high-purity sodium iodide that meets the stringent requirements of Japan’s advanced healthcare and technology sectors. Their products are particularly valued for applications requiring ultra-high purity, such as in scintillation detectors and specialized pharmaceutical formulations.

Strategic Initiatives:

• Focus on ultra-high purity products for advanced applications

• Leveraging Japan’s reputation for quality manufacturing

• Development of specialty grades for niche market segments

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🌍 Outlook: The Future of Sodium Iodide Is Driven by Healthcare Innovation

The sodium iodide market is undergoing significant transformation as healthcare advancements and industrial applications create new demand patterns. While traditional applications continue to form the market foundation, emerging uses in advanced medical diagnostics and specialty chemicals are driving innovation and quality standards.

📈 Key Trends Shaping the Market:

• Increasing global demand for medical imaging and diagnostic procedures

• Stringent regulatory requirements for pharmaceutical-grade products

• Geographic expansion of healthcare infrastructure in emerging economies

• Technical advancements in nuclear medicine and radiation detection

Get Full Report Here:
Global Sodium Iodide Market – View in Detailed Research Report

The companies listed above are not only supplying essential chemicals—they’re enabling advancements in global healthcare and technology through their specialized expertise and commitment to quality.