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Iodine - Global Market Trajectory & Analytics

  • ID: 354879
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Ajay-SQM Group
  • Algorta Norte
  • Deepwater Chemicals, Inc.
  • IOCHEM Corporation
  • Iofina plc
  • Ise Chemicals Corporation
  • MORE
Global Iodine Market to Reach $1.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Iodine estimated at US$853.2 Million in the year 2020, is projected to reach a revised size of US$1.1 Billion by 2027, growing at a CAGR of 3.4% over the analysis period 2020-2027. Caliche Ore, one of the segments analyzed in the report, is projected to record a 3.3% CAGR and reach US$465 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Underground Brines segment is readjusted to a revised 3.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $230.4 Million, While China is Forecast to Grow at 6.2% CAGR

The Iodine market in the U.S. is estimated at US$230.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$223 Million by the year 2027 trailing a CAGR of 6.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Recycling Segment to Record 3.4% CAGR

In the global Recycling segment, USA, Canada, Japan, China and Europe will drive the 2.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$102.4 Million in the year 2020 will reach a projected size of US$124.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$150.4 Million by the year 2027, while Latin America will expand at a 4.2% CAGR through the analysis period.

Select Competitors (Total 22 Featured):
  • Ajay-SQM Group
  • Algorta Norte
  • COSAYACH Compañía de Salitre y Yodo
  • Deepwater Chemicals, Inc.
  • IOCHEM Corporation
  • Iofina plc
  • Ise Chemicals Corporation
  • Kanto Natural Gas Development Co., Ltd.
  • Nippoh Chemicals Co., Ltd.
  • Sociedad Quimica Y Minera de Chile S.A.
  • Sociedad Quimica Y Minerva de Chile S.A.
  • Toyota Tsusho Corporation
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Ajay-SQM Group
  • Algorta Norte
  • Deepwater Chemicals, Inc.
  • IOCHEM Corporation
  • Iofina plc
  • Ise Chemicals Corporation
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • A Prelude
  • Recent Market Activity
  • Major Applications Driving Demand for Iodine
  • Iodine Market - A Historic Perspective
  • Outlook
  • Competitive Landscape
  • Sociedad Quimica y Minera de Chile SA (SQM) - The Market Leader
  • Iodine Recycling Reaching Saturation
  • Chile: World's Largest Producer of Iodine
  • Chilean Operations Pose Heavy Competition to Global Counterparts
  • Iodine Reserves - Japan Dominates
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • ACF Minera S.A. (Chile)
  • Algorta Norte S.A. (Chile)
  • AZER YOD LLC (Azerbaijan)
  • COSAYACH Compañía de Salitre y Yodo (Chile)
  • Godo Shigen Sangyo Co., Ltd. (Japan)
  • IOCHEM Corporation (USA)
  • Iofina plc (UK)
  • Ise Chemicals Corporation (Japan)
  • Kanto Natural Gas Development Co., Ltd. (Japan)
  • Nippoh Chemicals Co., Ltd. (Japan)
  • Sociedad Quimica Y Minera de Chile S.A. (Chile)
  • Ajay-SQM Group (USA)
  • Toyota Tsusho Corporation (Japan)
  • Deepwater Chemicals, Inc. (USA)
3. MARKET TRENDS & DRIVERS
  • Increasing Global Population Offers Significant Growth Opportunities
  • Aging Population Spurs Market Growth
  • Iodine Deficiency Levels in Developing Asian Countries Bode Well for the Market
  • Iodine Deficiency - Still a Major Concern in Africa
  • Iodine Pricing Trends
  • Traditional End-Use Segments Regain Balance
  • Emerging Application Areas for Iodine
  • Iodine in Human Health: Largest Application Area
  • Iodine Deficiency: A Major Threat
  • Correlation Between Iodine and IDD
  • Correcting IDD through Iodine Supplementation
  • Food Fortification with Iodine: A Sound Strategy to Curb Iodine Deficiency Disorders
  • Consumption of Iodized Salt on the Rise
  • Global Initiatives and the Fight against IDD
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 22
Note: Product cover images may vary from those shown
  • Ajay-SQM Group
  • Algorta Norte
  • COSAYACH Compañía de Salitre y Yodo
  • Deepwater Chemicals, Inc.
  • IOCHEM Corporation
  • Iofina plc
  • Ise Chemicals Corporation
  • Kanto Natural Gas Development Co. Ltd.
  • Nippoh Chemicals Co. Ltd.
  • Sociedad Quimica Y Minera de Chile S.A.
  • Sociedad Quimica Y Minerva de Chile S.A.
  • Toyota Tsusho Corporation
Note: Product cover images may vary from those shown
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