Sodium Selenite Market

Sodium selenite appears as a crystalline solid with a white tint. Contact with sodium selenite may irritate mucous membranes, eyes, and skin. It is toxic when ingested, inhaled, or absorbed through the skin. A 2:1 ratio of sodium and selenite ions make up the inorganic sodium salt known as disodium selenite. It serves as a nutritional supplement. It is both an inorganic sodium salt and a selenite salt.

Market Dynamics

Market players are focused on strategies such as distribution agreements, which is expected to drive growth of the global sodium selenite market over the forecast period. For instance, in June 2022, Spectrum Chemical Mfg. Corp., a manufacturer of fine chemicals including sodium selenite, announced a new distribution agreement with ANGUS Chemical Company, a global manufacturer and marketer of specialty ingredients for biotechnology and pharmaceutical applications. With the help of this agreement, Spectrum Chemical will be able to offer a wider range of products to commercial and academic institutions that work with the biopharmaceutical and life sciences industries in the U.S. and Canada for research and development and production scale-up.

Increasing research and development activities related to sodium selenite expected to fuel growth of the global sodium selenite market. For instance, according to an article published in Frontiers in Molecular Neuroscience, 2020, it was found that three months with a supplement of sodium selenate in the drinking water (12 μg/ml) restored not only impaired neurocognitive functions but also rescued long-term depression (LTD), a major form of synaptic plasticity.

Increasing incidence of cancer, is expected to fuel the global sodium selenite market growth over forecast period. For instance, according to Cancer Research U.K, there were 375,400 new cases of cancer in 2016-2018 and 167,142 deaths in 2017-2019 in U.K.

‘Key features of the study:

• This report provides an in-depth analysis of the global sodium selenite market, provides market size (US$ Million), and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
• It profiles leading players in the global sodium selenite market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include MP Biomedicals, Otto Chemie Pvt. Ltd., American Elements, Global Calcium PVT LTD, Sisco Research Laboratories Pvt. Ltd., HiMedia Laboratories., Research-Lab Fine Chem Industries, Omkar Speciality Chemicals Ltd., Vital Materials Co., Limited., Spectrum Laboratory Products, Inc., Estechpharma Co.,Ltd., Quality Chemicals, SL, and Salvi Chemical Industries Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
• The global sodium selenite market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global sodium selenite market

Detailed Segmentation:

• Global Sodium Selenite Market, By Indication:
  • Selenium Deficiency
  • Cancer
  • Others (digestive support, dental amalgam removal, etc.)
• Global Sodium Selenite Market, By Distribution Channel:
  • Hospital Pharmacies
  • Retail Pharmacies
• Global Sodium Selenite Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country:
      • U.K.
      • Germany
      • Italy
      • Spain
      • France
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East
    • By Country:
      • GCC
      • Israel
      • Rest of Middle East
  • Africa
    • By Country/Region:
      • South Africa
      • Central Africa
      • North Africa
• Company Profiles
  • MP Biomedicals *
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Recent Developments/Updates
    • Strategies
  • Otto Chemie Pvt. Ltd.
  • American Elements
  • Global Calcium PVT LTD
  • Sisco Research Laboratories Pvt. Ltd.
  • HiMedia Laboratories.
  • Research-Lab Fine Chem Industries
  • Omkar Speciality Chemicals Ltd.
  • Vital Materials Co., Limited.
  • Spectrum Laboratory Products, Inc.
  • Estechpharma Co.,Ltd.
  • Quality Chemicals, SL
  • Salvi Chemical Industries Ltd.

 “*” marked represents similar segmentation in other categories in the respective section.