Global Iodine Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Global Iodine Market Overview:
“The global Iodine Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources.
Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Iodine is a mineral with atomic number 53 and symbol I. It is a heaviest sable halogen and found in solid form with lustrous purple-black color.
Iodine is essential mineral for humans, which is present in high amounts especially in seaweed, cod, dairy products, shrimp, iodized salt, eggs, tuna, etc. it is also added to food products as a dietary supplement.
It is an essential component of the thyroid hormones triiodothyronine (T3) and thyroxine (T4). Iodine protects cells from toxic and chemical harmful effects. It also helps to control metabolism and other functions of the body.
Growing use of iodine in optical polarizing films in liquid crystal displays (LCD) applications is a major factor driving growth of the global iodine market. LCD display is activated by electrical current and depends upon the state it passes or blocks polarized light.
Polarized film containing iodine made by absorbing iodine onto the stretched surface of polyvinyl alcohol. Increasing number of individuals with iodine deficiency especially developing counties such as India is another factor expected to increase demand for iodine as a dietary supplement ingredient.
Furthermore, growing use of iodine for various industrial applications such as fluorochemicals, animal feed is another factor expected to boost growth of the global iodine market in the near future.
However, long-term consumption of high amounts of iodine can cause toxicity and is expected to hamper growth of the global iodine market.
On the basis of form, the organic compounds segment is expected to dominates the global market in terms of revenue and maintain its strong position in the near future. This is primarily attributed to rising use of iodine in pet food and cattle feed and in turn is expected to supporting growth of this segment in the target market.
Currently, market in Europe accounts for major share in terms of revenue and is anticipated to maintain its position over the forecast period. Regulations regarding consumption of iodized salt by UNICEF and World health organization is a key factor propelling growth of the target market in this region.
Asia Pacific market in anticipated to witness high growth in terms of revenue in the near future, followed by North America, Middle East and Africa, and Latin America. Growing awareness regarding iodine deficiency among individuals is a factor fueling growth of the target market in Asia Pacific region.
Global Iodine Market Segmentation:
Segmentation by source:
- Underground Brines
- Caliche Ore
Segmentation by form:
- Inorganic Salts and Complexes
- Elemental and Isotopes
- Organic Compounds
Segmentation by application:
- X-Ray Contrast Media
- Catalyst in Polymer Processing
- Optical Polarizing Films
- Human Nutrition
- Animal Feed
- Others (include Nylon, Agricultural Intermediates, Heat Stabilizers, and Various Organic Compound Synthesis)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Sociedad Química y Minera de Chile S.A.
- Iofina plc
- ISE Chemicals Corporation
- IOCHEM Corporation
- Compañía de Salitre y Yodo
- Algorta Norte S.A.
- Nippoh Chemicals Co., Ltd.
- Kanto Natural Gas Development Co., Ltd.
- Toho Earthtech Co., Ltd.
- GODO SHIGEN Co., Ltd.
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