Global Iodine Market, By Source (Underground Brines, Seaweeds, Caliche Ore and Recycling), Form (Inorganic Salts and Complexes, Elemental and Isotopes and Organic Compound), Application (Pharmaceuticals, Biocides, Iodophors, X-Ray Contrast Media, Catalyst in Polymer Processing, Optical Polarizing Films, Human Nutrition, Fluorochemicals, Animal Feed and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2029.
The iodine market is expected to witness market growth at a rate of 5.4% in the forecast period of 2022 to 2029. Data Bridge Market Research report on iodine market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the utilization of iodine in the optical polarizing films in liquid crystal displays (LED) applications is escalating the growth of iodine market.
Iodine is referred to as a mineral with the symbol I and atomic number 53. Iodine is the heaviest sable halogen and it is in a solid form and has lustrous purple black colour. It is a very significant mineral for human, as it is present in several food products including dairy products, iodized salt, seaweed, eggs, cod, tuna and so forth. Iodine protects cells from chemical harmful effects and toxic and also aids to control other functions and metabolism of the body.
Major factors that are expected to boost the growth of the iodine market in the forecast period are the rise in the number of individuals with low iodine content in their body in the advancing countries. Furthermore, the utilization of iodine in optical polarizing films in LCD applications is further anticipated to propel the growth of the iodine market. Moreover, the versatile applications of iodine derivatives is further estimated to cushion the growth of the iodine market. On the other hand, the toxicity regarding consumption of iodine and its derivatives is further projected to impede the growth of the iodine market in the timeline period.
In addition, the recycling of iodine will further provide potential opportunities for the growth of the iodine market in the coming years. However, the variation costs of iodine because of demand-supply gap might further challenge the growth of the iodine market in the near future.
This iodine market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the iodine market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Iodine Market Scope and Market Size
The iodine market is segmented on the basis of source, form and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of source, the iodine market is segmented into underground brines, seaweeds, caliche ore and recycling.
- On the basis of form, the Iodine market is segmented into inorganic salts and complexes, elemental and isotopes and organic compound.
- On the basis of application, the iodine market is segmented into pharmaceuticals, biocides, iodophors, x-ray contrast media, catalyst in polymer processing, optical polarizing films, human nutrition, fluorochemicals, animal feed and others.
Iodine Market Country Level Analysis
The iodine market is analysed, and market size, volume information is provided by country, source, form and application as referenced above.
The countries covered in the iodine market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the iodine market due to the rise in the meat consumption. Furthermore, the increase in the poultry industry will further boost the growth of the iodine market in the region during the forecast period. Europe is projected to observe significant amount of growth of the iodine market due to the rise in the healthcare expenses spent by the government. Moreover, the increase in the number of cancer patients is further anticipated to propel the growth of the iodine market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Iodine Market Share Analysis
The iodine market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the iodine market.
Some of the major players operating in the iodine market are SQM S.A, ISE CHEMIVALS CORPORATION, IOCHEM, Algorta Norte, NIPPOH CHEMICALS CO.LTD, Kanto Natural Gas Development Co. Ltd., GODO SHIGEN Co, Ltd, TOHO EARTH TECH, INC., Deep Water Chemicals, Inc., Toyota Tsusho Corporation, AJAY-SQM Group, AZER-YOD LLC, ACF Minera S.A, Prachi Pharmaceuticals Private Limited, and Salvi Chemicals Industries Ltd., among others.