- Iodine is a vital trace element widely utilized in diverse industries such as pharmaceuticals, nutrition, animal feed, X-ray contrast media, and electronics, due to its unique chemical properties including high atomic number, antimicrobial activity, and reactivity with organic compounds
- The market demand for iodine is largely driven by increasing prevalence of iodine deficiency disorders (IDDs), the growing use of iodine-based contrast media in medical imaging, and rising applications in LCD polarizers and photovoltaic cells within the electronics and energy sectors
- Expanding usage in industrial catalysts, coupled with increased agricultural applications in animal feed and soil treatment, is reinforcing iodine’s strategic importance across both developed and emerging economies
- Europe is expected to dominate the iodine market, with the largest market share of 37.11%, due to its strong industrial base, especially in the pharmaceutical and chemical sectors, where iodine plays a crucial role in production processes
- Asia-Pacific is expected to witness the highest compound annual growth rate (CAGR) in the iodine market due to the region's rapidly expanding healthcare, chemical, and electronics industries
- The caliche ore segment is expected to dominate the Iodine market with the largest share of 49.32% in 2025 due to the sustainable and cost-effective extraction process associated with caliche ore, making it a preferred choice for iodine production
