The Global Periodic Acid Crystal Market was valued at US$ 157 Million in 2025 and is projected to reach US$ 282 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 8.9% during the forecast period (2026–2034). In 2025, global sales reached 1,522 tons, with an average price of US$113.19 per kilogram. This robust growth is primarily driven by escalating demand from the electronics sector for printed circuit board (PCB) manufacturing, increased application in pharmaceuticals for diagnostic staining, and advancements in organic synthesis.

As the demand for high-purity specialty chemicals intensifies across various high-tech industries, the focus shifts to the leading manufacturers who ensure a stable supply of high-quality Periodic Acid Crystals. These companies are pivotal in navigating complex supply chains, stringent regulatory landscapes, and the technical challenges of producing a strong oxidizing agent. In this blog, we profile the Top 10 Companies in the Periodic Acid Crystal Industry—a group of established chemical producers and specialized manufacturers shaping the market’s future.

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🔟 1. Ajay-SQM Group

Headquarters: Mumbai, India (Ajay); Santiago, Chile (SQM)
Key Offering: High-Purity Orthoperiodic Acid Crystals, Metaperiodic Acid Crystals

As a joint venture between India’s Ajay Group and Chile’s SQM, one of the world’s largest iodine producers, Ajay-SQM Group holds a significant strategic advantage. This vertical integration ensures a stable and cost-effective supply of raw iodine, which constitutes approximately 60% of the production cost for periodic acid. The company is a leading global supplier, catering to diverse applications in electronics, pharmaceuticals, and research laboratories.

Key Market Strengths:

• Vertically integrated supply chain with direct access to iodine resources

• Production of various purity grades, including ≥99.9% for critical electronic applications

• Strong global distribution network serving North America, Europe, and Asia-Pacific

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9️⃣ 2. Iofina Chemical

Headquarters: London, United Kingdom
Key Offering: H₅IO₆ (Orthoperiodic Acid) Crystals, Iodine-based Specialties

Iofina Chemical, part of the Iofina plc group, specializes in the production of iodine and iodine-derived chemicals. Their expertise in halogen chemistry positions them as a key player in the periodic acid market. The company focuses on high-value applications and maintains stringent quality control to meet the demands of the pharmaceutical and specialty chemical sectors.

Key Market Strengths:

• Expertise in iodine extraction and refinement, ensuring high-quality raw materials

• Strategic focus on high-margin, specialty chemical segments

• Strong R&D capabilities for developing new iodine-based compounds

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8️⃣ 3. William Blythe

Headquarters: Lancashire, United Kingdom
Key Offering: Periodic Acid Crystals, Specialty Inorganic Chemicals

A division of the Symphony Environmental Technologies Group, William Blythe has a long history as a manufacturer of specialty inorganic chemicals. The company produces periodic acid crystals for use in catalysis, chemical synthesis, and as a laboratory reagent. Their commitment to consistent quality and reliable supply has made them a trusted partner for industrial and research customers across Europe.

Key Market Strengths:

• Established manufacturer with decades of experience in inorganic chemicals

• Focus on batch-to-batch consistency and product purity

• Strong regional presence and distribution within the European market

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7️⃣ 4. Nippoh Chemicals

Headquarters: Tokyo, Japan
Key Offering: High-Purity Periodic Acid, Iodine Compounds

Nippoh Chemicals is a major Japanese producer of iodine and its derivatives, serving the Asian market with high-quality products. The company’s proximity to key electronics manufacturing hubs in Japan, South Korea, and China gives it a strategic edge. Nippoh’s periodic acid crystals are critical for the region’s massive electronics industry, particularly in the production of PCBs and display panels.

Key Market Strengths:

• Leading supplier to the robust Asia-Pacific electronics and display industry

• Integrated production from iodine to value-added derivatives like periodic acid

• Stringent quality standards aligned with the requirements of major electronics OEMs

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6️⃣ 5. Samrat Pharmachem

Headquarters: Gujarat, India
Key Offering: Pharmaceutical-Grade Periodic Acid, Fine Chemicals

Samrat Pharmachem is an Indian fine chemical company with a strong focus on products for the pharmaceutical industry. They supply periodic acid crystals used in the Periodic Acid-Schiff (PAS) stain, a crucial diagnostic tool in histopathology for detecting carbohydrates and glycoproteins in tissue samples. The company emphasizes compliance with pharmaceutical industry standards.

Key Market Strengths:

• Specialization in high-purity chemicals for pharmaceutical and diagnostic applications

• Competitive cost structure leveraging India’s chemical manufacturing ecosystem

• Growing export footprint to regulated markets in North America and Europe

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5️⃣ 6. Omkar Speciality Chemicals

Headquarters: Maharashtra, India
Key Offering: Periodic Acid Crystals, Inorganic Oxidizing Agents

Omkar Speciality Chemicals is a significant manufacturer of niche inorganic chemicals, including periodic acid. The company serves a broad customer base across various industrial sectors. Their production capabilities allow them to offer both orthoperiodic and metaperiodic acid crystals, catering to specific customer requirements in organic synthesis and industrial processes.

Key Market Strengths:

• Diverse product portfolio serving multiple industrial segments

• Flexible manufacturing for customized product specifications

• Strong logistical capabilities for domestic and international supply

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4️⃣ 7. Zhejiang Hichi Chemical

Headquarters: Zhejiang, China
Key Offering: Periodic Acid, Iodine Derivatives

As a key Chinese player, Zhejiang Hichi Chemical contributes significantly to the country’s domestic supply of periodic acid crystals. China is both a major consumer and producer of electronics, creating a substantial internal market. The company benefits from the extensive Chinese chemical industry infrastructure and plays a vital role in the regional supply chain.

Key Market Strengths:

• Strategic position within the world’s largest electronics manufacturing base

• Competitive pricing driven by scale and local sourcing of raw materials

• Growing technical expertise to meet the evolving needs of high-tech industries

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3️⃣ 8. Jiangxi Shengdian S&T

Headquarters: Jiangxi, China
Key Offering: Periodic Acid Crystals, Specialty Inorganic Salts

Jiangxi Shengdian Science & Technology is another prominent Chinese manufacturer specializing in inorganic specialty chemicals. The company focuses on producing high-purity chemicals for advanced applications. Their investment in production technology ensures they can meet the quality demands of both domestic and international markets, particularly for electronic-grade materials.

Key Market Strengths:

• Focus on high-purity grades suitable for sensitive electronic applications

• Continuous investment in modernizing production facilities

• Active engagement in the expanding Asian specialty chemicals market

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2️⃣ 9. Prachi Pharmaceuticals

Headquarters: Mumbai, India
Key Offering: Laboratory Reagents, Pharmaceutical Intermediates including Periodic Acid

Prachi Pharmaceuticals, while primarily a pharmaceutical company, has a division dedicated to fine chemicals and laboratory reagents. They are a reliable supplier of periodic acid crystals to the research, academic, and diagnostic sectors. Their understanding of pharmaceutical quality systems translates into high standards for their chemical products.

Key Market Strengths:

• Supply of high-purity reagents for research and diagnostic laboratories

• Quality systems aligned with pharmaceutical industry requirements

• Established reputation in the Indian subcontinent for reliable chemical supply

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1️⃣ 10. DNS Fine Chemicals

Headquarters: Mumbai, India
Key Offering: Periodic Acid, Fine Chemicals and Intermediates

DNS Fine Chemicals is a supplier of various fine chemicals and intermediates to industries worldwide. They source and distribute periodic acid crystals, acting as an important link in the global supply chain. Their role is crucial for providing smaller-volume users and those in regions without direct access to primary manufacturers with a consistent supply of quality product.

Key Market Strengths:

• Global distribution network serving diverse industrial customers

• Ability to supply smaller, custom quantities for R&D and specialty applications

• Strong logistical expertise for international chemical distribution

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🔬 Outlook: The Future of Periodic Acid Crystals Is Driven by High-Tech Innovation

The periodic acid crystal market is evolving beyond its traditional roles, finding new significance in advanced manufacturing and cutting-edge research. While its use in established applications like PAS staining remains steady, growth is increasingly fueled by the electronics and materials science sectors.

📈 Key Trends Shaping the Market:

• Electronics Miniaturization: Demand for high-purity periodic acid is rising for etching and cleaning in the production of next-generation PCBs and microelectronic components.

• Advanced Materials Synthesis: Increased use as a selective oxidizing agent in the R&D and production of novel polymers, nanomaterials, and organic electronic materials.

• Supply Chain Consolidation: Companies with vertical integration, like Ajay-SQM, are gaining a competitive edge by securing raw iodine supplies amidst price volatility.

• Regional Market Expansion: Asia-Pacific, led by China, is becoming the dominant consumption and production hub, driven by its massive electronics industry.

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The companies listed above are not only supplying a critical specialty chemical—they are enabling innovations across healthcare, electronics, and advanced materials that define technological progress.