Sodium Iodide (Fluorite) Market Size, Production, Average Price and Trends Analysis, till 2030

Sodium Iodide (Fluorite) Market Size is estimated to be 165 million in 2023 and is expected to grow at an average yearly rate of around 4.2% during the timeframe (2023-2030).
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The research and analytics firm Datavagyanik released the updated version of its report on "Sodium Iodide (Fluorite) Market - Detailed Analysis, Business Opportunities and Forecasts".
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Sodium Iodide (Fluorite) price trend in 2024 vs 2025
Sodium Iodide (NaI) is an essential inorganic compound widely used in medical imaging, pharmaceuticals, radiation detection, and chemical synthesis. The price trend of Sodium Iodide is influenced by several factors, including raw material costs, iodine supply, demand from key industries, production capacity, and global economic conditions. A comparison of the price trend in 2024 and projected trends for 2025 provides valuable insights into market dynamics and pricing expectations.
Sodium Iodide Price Trend in 2024
• Stable to Moderate Price Increases
In 2024, Sodium Iodide prices showed relative stability with periodic fluctuations. The demand from the pharmaceutical sector and nuclear medicine applications remained strong, contributing to steady market conditions. However, minor price increases were observed due to rising raw material costs and supply chain disruptions.
• Iodine Supply Constraints
The primary raw material for Sodium Iodide is iodine, which is mainly sourced from Chile and Japan. Any disruption in iodine mining or export restrictions affected the availability and cost of Sodium Iodide. In 2024, iodine production remained stable, but occasional supply shortages led to temporary price hikes.
• Growing Demand from the Healthcare Sector
The use of Sodium Iodide in medical diagnostics, particularly in radiopharmaceuticals for thyroid imaging and treatment, sustained strong demand. The rising prevalence of thyroid disorders and cancer diagnostics contributed to increased consumption.
• Impact of Inflation and Energy Prices
The global economic environment, including inflation and fluctuating energy prices, had a moderate impact on Sodium Iodide production costs. Increased energy costs led to higher manufacturing expenses, which influenced the pricing of the compound.
• Supply Chain and Logistics Factors
Although supply chain disruptions had eased compared to previous years, occasional delays in shipping and transportation costs affected the pricing of Sodium Iodide in certain regions. This was particularly evident in international markets where import duties and tariffs played a role.
Expected Sodium Iodide Price Trend in 2025
• Rising Demand from Medical and Nuclear Applications
The pharmaceutical and nuclear medicine industries are expected to continue driving demand for Sodium Iodide in 2025. With advancements in radiopharmaceuticals and increased healthcare spending, demand is projected to rise, potentially leading to price increases.
• Raw Material Price Volatility
The availability and pricing of iodine will remain a critical factor in Sodium Iodide costs. If iodine production faces disruptions due to geopolitical factors, mining restrictions, or increased demand for other iodine-based chemicals, prices could rise further.
• Potential Expansion in Production Capacity
Some manufacturers are investing in expanding production facilities to meet growing demand. If production capacity increases significantly, it may stabilize prices and prevent excessive cost hikes.
• Economic and Regulatory Factors
Government regulations related to pharmaceutical ingredients and chemical imports may impact pricing. If new tariffs or trade restrictions are imposed, particularly in key markets like the U.S. and Europe, prices may experience upward pressure.
• Forecast for 2025 Prices
Sodium Iodide prices in early 2025 are expected to remain stable, similar to late 2024 levels. However, as demand increases in the medical and nuclear sectors, prices could gradually rise throughout the year. If iodine supply remains consistent and production efficiency improves, the increase in price may be moderate rather than extreme.
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Important target segments driving the demand for Sodium Iodide (Fluorite) Market
Sodium Iodide (NaI) is a vital inorganic compound with diverse industrial applications. It plays a crucial role in medical imaging, pharmaceuticals, radiation detection, chemical synthesis, and animal nutrition. The demand for Sodium Iodide is influenced by various target segments, each contributing to market growth. Below are the key industries driving the increasing demand for Sodium Iodide worldwide.
Pharmaceutical and Medical Industry
• Radiopharmaceuticals and Diagnostic Imaging
Sodium Iodide is a critical component in nuclear medicine, particularly in the production of radioactive iodine-131 (I-131) used for thyroid scans and cancer treatments. The growing prevalence of thyroid disorders, including hyperthyroidism and thyroid cancer, has increased the demand for Sodium Iodide in diagnostic and therapeutic applications.
• Iodine Supplementation in Medicine
Sodium Iodide is used in iodine deficiency treatment, which is essential for thyroid hormone production. With rising awareness of iodine deficiency disorders (IDDs), particularly in developing countries, the demand for Sodium Iodide in pharmaceutical formulations continues to grow.
• Growth in the Healthcare Sector
As global healthcare spending increases and medical advancements continue, the demand for Sodium Iodide in radiopharmaceuticals and supplements is expected to rise. Countries investing in better healthcare infrastructure are contributing to market expansion.
Radiation Detection and Nuclear Industry
• Use in Scintillation Detectors
Sodium Iodide crystals, particularly when doped with thallium (NaI(Tl)), are widely used in scintillation detectors for radiation detection. These detectors are essential in medical imaging, homeland security, nuclear power plants, and environmental monitoring.
• Rising Demand for Radiation Safety Solutions
With increasing concerns over nuclear safety and radiation exposure, the demand for radiation detection devices using Sodium Iodide is growing. This is particularly relevant in nuclear facilities, research labs, and industrial radiation monitoring.
• Growth of the Nuclear Power Sector
Expanding nuclear power generation requires advanced radiation monitoring systems, further increasing the demand for Sodium Iodide-based detectors. Countries investing in nuclear energy for clean power generation are key contributors to this growth.
Chemical and Industrial Applications
• Catalyst in Chemical Reactions
Sodium Iodide is used as a catalyst in organic synthesis, particularly in the production of alkyl iodides and other iodine-based chemicals. The expanding chemical industry, particularly in pharmaceuticals and agrochemicals, is driving demand for high-purity Sodium Iodide.
• Usage in Infrared Spectroscopy
Sodium Iodide is used in optics and spectroscopy applications due to its ability to transmit infrared light efficiently. This makes it a valuable material in research labs and industrial quality control.
Animal Nutrition and Veterinary Industry
• Essential for Livestock Feed Additives
Iodine is a crucial micronutrient for animal health, and Sodium Iodide is used in animal feed supplements to prevent iodine deficiency in livestock. The rising demand for high-quality meat and dairy products has led to increased use of iodine-fortified feed.
• Growing Demand in Poultry and Dairy Sectors
The expansion of the global livestock industry, particularly in emerging markets, is fueling the demand for Sodium Iodide in animal nutrition. Governments and agricultural organizations promoting animal health are further supporting this growth.

Key Players in Sodium Iodide (Fluorite) Production
The global Sodium Iodide market is driven by major chemical manufacturers and pharmaceutical companies that produce and supply this essential compound. Sodium Iodide (NaI) is widely used in radiopharmaceuticals, radiation detection, animal nutrition, and industrial chemical processes. The market is dominated by key players with strong production capabilities, technological expertise, and global distribution networks. Below are the leading companies involved in Sodium Iodide production and supply.
Merck KGaA
• Leading Supplier of High-Purity Chemicals
Merck KGaA is a major global supplier of pharmaceutical and specialty chemicals, including high-purity Sodium Iodide. The company's advanced research and development capabilities allow it to cater to industries requiring ultra-pure Sodium Iodide, particularly for medical and laboratory applications.
• Strong Presence in Healthcare and Pharmaceuticals
With a well-established footprint in the pharmaceutical sector, Merck supplies Sodium Iodide for radiopharmaceuticals used in thyroid treatment and diagnostic imaging.
• Global Distribution Network
Merck has a strong supply chain and distribution system, ensuring the availability of Sodium Iodide across North America, Europe, and Asia.
Thermo Fisher Scientific
• High-Quality Laboratory and Industrial Chemicals
Thermo Fisher Scientific produces and supplies a wide range of chemicals, including Sodium Iodide, for research, industrial, and pharmaceutical applications. The company's focus on high-purity chemical synthesis ensures its products meet stringent quality standards.
• Applications in Nuclear Medicine and Radiation Detection
Thermo Fisher is a key supplier of Sodium Iodide for use in radiation detection devices and medical imaging technologies. The increasing demand for radiation monitoring systems supports the company's growing market presence.
American Elements
• Specialist in Advanced Materials
American Elements is a leading manufacturer of high-purity metals and compounds, including Sodium Iodide, catering to scientific, medical, and industrial sectors.
• Focus on Research and Innovation
The company produces Sodium Iodide for specialized applications such as scintillation detectors, chemical synthesis, and optical coatings. Its research-driven approach helps in supplying customized solutions to various industries.
Iofina plc
• Key Producer of Iodine-Derived Chemicals
Iofina specializes in the extraction and production of iodine-based compounds, including Sodium Iodide. The company sources iodine from brine water, ensuring a stable supply for its chemical manufacturing operations.
• Expanding Market in Pharmaceuticals and Animal Nutrition
Iofina's Sodium Iodide is used in pharmaceutical formulations and livestock feed supplements, supporting growing demand in healthcare and agriculture.
GODO SHIGEN Co., Ltd.
• Major Supplier from Japan
GODO SHIGEN is a leading Japanese producer of iodine and iodine-based chemicals, including Sodium Iodide. Japan is a key supplier of iodine, and companies like GODO SHIGEN ensure a steady supply of Sodium Iodide for industrial and medical applications.
• Strong Market in Asia
The company's products are widely used in Asia's pharmaceutical and chemical industries, with expanding exports to global markets.
Nippoh Chemicals Co., Ltd.
• Specialized in Iodine-Based Chemicals
Nippoh Chemicals is another major Japanese company focused on the production of high-quality iodine compounds, including Sodium Iodide.
• Supplying the Medical and Chemical Sectors
The company's Sodium Iodide is widely used in medical applications, chemical synthesis, and radiation detection.
Deepwater Chemicals, Inc.
• U.S.-Based Supplier of Iodine Compounds
Deepwater Chemicals produces various iodine-based compounds, including Sodium Iodide, for pharmaceutical and industrial applications.
• Strong Focus on High-Purity Production
The company ensures high-quality Sodium Iodide manufacturing to meet stringent industry requirements, particularly in healthcare and scientific research.
Market Strategies of Key Players
• Vertical Integration for Secure Iodine Supply
Companies like Iofina and GODO SHIGEN have integrated iodine extraction and chemical production, ensuring a stable and cost-effective supply of Sodium Iodide.
• Expansion of Production Capacity
Several key players are investing in expanding production facilities to meet increasing demand from the pharmaceutical and nuclear sectors.
• Innovation and Product Development
Research-focused companies like American Elements and Thermo Fisher Scientific are continuously improving Sodium Iodide purity and application-specific formulations.
Key Questions Answered in the Sodium Iodide (Fluorite) market report:
• What is the total global Sodium Iodide (Fluorite) production volume, and how has it changed over the past five years?
• What is Sodium Iodide (Fluorite) price trend, what has been the historical cadmium prices?
• What will be the Sodium Iodide (Fluorite) price trend in 2023?
• Which countries have the highest Sodium Iodide (Fluorite) production capacity, and what factors contribute to their dominance in the market?
• How does Sodium Iodide (Fluorite) production capacity vary across key manufacturers, and what expansions or closures have been observed recently?
• What is the current global revenue generated from Sodium Iodide (Fluorite) production, and how does it compare to previous years?
• How does the country-wise Sodium Iodide (Fluorite) demand correlate with its production capacity and supply chain logistics?
• What are the recent trends in Sodium Iodide (Fluorite) pricing, and how do price fluctuations impact overall market revenue?
• Which industries drive the highest demand for Sodium Iodide (Fluorite), and how is this demand expected to evolve in the next five years?
• What are the major challenges impacting Sodium Iodide (Fluorite) production and supply chain operations across key markets?
• How do government policies, environmental regulations, and trade restrictions affect Sodium Iodide (Fluorite) production and market dynamics?

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