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. We bring years of research experience to this 20th edition of our report. The 373-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- 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
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
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
Global Competitor Market Shares
Iodine Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
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
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Iodine Market Share (in %) by Company: 2020 & 2025
Market Analytics
CANADA
JAPAN
CHINA
EUROPE
Market Facts & Figures
European Iodine Market: Competitor Market Share Scenario (in %) for 2020 & 2025
Market Analytics
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
zTABLE 302: United Arab Emirates Iodine Historic Market Analysis in US$ Thousand by End-Use: 2012-2019
REST OF MIDDLE EAST
AFRICA
IV. COMPETITION
Total Companies Profiled: 22
