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Iodine - Global Market Trajectory & Analytics

  • ID: 354879
  • Report
  • July 2020
  • Region: Global
  • 373 Pages
  • Global Industry Analysts, Inc
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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. 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.
Note: Product cover images may vary from those shown
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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

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