Iodine Trends and Forecast
The future of the global iodine market looks promising with opportunities in the x-ray contrast media, pharmaceutical, optical polarizing film, catalyst in polymer processing, animal feed, fluorochemical, iodophore, human nutrition, and biocide markets. The global iodine market is expected to reach an estimated $1.2 billion by 2030 with a CAGR of 4.2% from 2024 to 2030. The major drivers for this market are increase in the population in developing nations with low body iodine levels, use of iodine in LCD applications' optical polarizing films, as well as, rising rates of thyroid problems and iodine insufficiency among the elderly population, particularly in emerging nations.Iodine by Segment
The study includes a forecast for the global iodine by source, form, application, and region.Iodine Market by Source [Shipment Analysis by Value from 2018 to 2030]:
- Caliche Ore
- Underground Brine
- Recycling
- Seaweed
Iodine Market by Form [Shipment Analysis by Value from 2018 to 2030]:
- Organic Compound
- Inorganic Salt & Complex
- Elemental & Isotope
Iodine Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- X-Ray Contrast Media
- Pharmaceutical
- Optical Polarizing Film
- Catalyst In Polymer Processing
- Animal Feed
- Fluorochemical
- Iodophore
- Human Nutrition
- Biocide
- Others
Iodine Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Iodine Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies iodine companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the iodine companies profiled in this report include:- Sociedad Química Y Minera
- Iofina
- ISE Chemicals
- IOCHEM
- Compania De Salitre Y Yodo
- Algorta Norte
- Nippoh Chemicals
- Kanto Natural Gas Development
- Toho Earthtech
- Godo Shigen
Iodine Market Insights
The report forecasts that organic compound will remain the largest segment over the forecast period because they are used as pesticides and as soil disinfectants in agrochemical industry and as additive in pet food and cattle feed with high bioavailability.Within this market, x-ray contrast media will remain the largest segment due to rising incidence of long-term conditions including cancer, neurological problems, and cardiovascular diseases, which call for diagnostic imaging tests like MRIs, CT scans, and X-rays.
North America will remain the largest region over the forecast period due to rise in the meat consumption, increase in the poultry industry, along with the growing demand for iodine in the healthcare industry for thyroid disorders and other medical applications in the region.
Features of the Global Iodine Market
- Market Size Estimates: Iodine market size estimation in terms of value ($B).- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Iodine market size by source, form, application, and region in terms of value ($B).
- Regional Analysis: Iodine market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different source, form, application, and regions for the iodine market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the iodine market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the iodine market size?Answer: The global iodine market is expected to reach an estimated $1.2 billion by 2030.
Q2. What is the growth forecast for iodine market?
Answer: The global iodine market is expected to grow with a CAGR of 4.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the iodine market?
Answer: The major drivers for this market are increase in the population in developing nations with low body iodine levels, use of iodine in LCD applications' optical polarizing films, as well as, rising rates of thyroid problems and iodine insufficiency among the elderly population, particularly in emerging nations.
Q4. What are the major segments for iodine market?
Answer: The future of the global iodine market looks promising with opportunities in the x-ray contrast media, pharmaceutical, optical polarizing film, catalyst in polymer processing, animal feed, fluorochemical, iodophore, human nutrition, and biocide markets.
Q5. Who are the key iodine market companies?
Answer: Some of the key iodine companies are as follows:
- Sociedad Química Y Minera
- Iofina
- ISE Chemicals
- IOCHEM
- Compania De Salitre Y Yodo
- Algorta Norte
- Nippoh Chemicals
- Kanto Natural Gas Development
- Toho Earthtech
- Godo Shigen
Answer: The report forecasts that organic compound will remain the largest segment over the forecast period because they are used as pesticides and as soil disinfectants in agrochemical industry and as additive in pet food and cattle feed with high bioavailability.
Q7. In iodine market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to rise in the meat consumption, increase in the poultry industry, along with the growing demand for iodine in the healthcare industry for thyroid disorders and other medical applications in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisherl provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the iodine market by source (caliche ore, underground brine, recycling, and seaweed), form (organic compound, inorganic salt & complex, and elemental & isotope), application (x-ray contrast media, pharmaceutical, optical polarizing film, catalyst in polymer processing, animal feed, fluorochemical, iodophore, human nutrition, biocide, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Iodine Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Sociedad Química Y Minera
- Iofina
- ISE Chemicals
- IOCHEM
- Compania De Salitre Y Yodo
- Algorta Norte
- Nippoh Chemicals
- Kanto Natural Gas Development
- Toho Earthtech
- Godo Shigen
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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