According to the latest report by IMARC Group, titled “Global Iodine Market Report, Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global iodine market reached a value of US$ 897.2 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,246.30 Million by 2027, exhibiting a CAGR of 5.40% during 2022-2027.
Iodine (I2) is a chemical element naturally present in dairy products, seafood, seaweed, eggs, and vegetables. It is widely consumed to regulate the production of thyroid hormones in the body. It also helps treat mammary dysplasia and fibrocystic breast disease, which is a non-cancerous condition commonly found in women of reproductive age. Besides this, iodine also finds applications in the healthcare industry for making X-ray contrast media, pharmaceuticals, iodophors, and povidone-iodine (disinfectants).
|Base Year: 2021|
|Forecast Year: 2022-2027|
Iodine Market Trends and Drivers:
Over the years, there has been a significant rise in the number of people suffering from I2 deficiency disorders such as retardation, hypothyroidism, goiter, and cretinism. As a result, international health organizations have mandated the use of all food-grade salt in households and food processing units to control iodine deficiency disorders, which represents one of the key factors driving the market growth.
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Besides this, the rising product adoption in making disinfectants, skin soaps, bandages, and purifying water is also contributing to the market growth.
Moreover, I2 is also used as a contrast agent in X-ray media due to its high atomic number, relatively low toxicity, and ease of adjunction with organic compounds. This, coupled with the increasing utilization of iodine to manufacture organic and inorganic chemicals, stabilizers, inks, animal feed supplements, photographic chemicals, and synthetic rubber, is creating a positive market outlook across the globe.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Iodine Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Algorta Norte Sa, Calibre Chemicals Pvt. Ltd., Deepwater Chemicals Inc. (Toyota Tsusho Corporation), Eskay Iodine Pvt. Ltd., GODO SHIGEN Co. Ltd., Iochem Corporation, Iofina plc, Ise Chemicals Corporation (AGC Inc.), Nippoh Chemicals Co. Ltd., Protochem Industries Pvt. Ltd., Salvi Chemical Industries Ltd. and Sociedad Quimica y Minera de Chile S.A.
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The report has segmented the market on the basis of region, source, form and application.
Breakup by Source:
- Underground Brine
- Caliche Ore
Breakup by Form:
- Inorganic Salts and Complexes
- Organic Compounds
- Elementals and Isotopes
Breakup by Application:
- Animal Feed
- X-Ray Contrast Media
- Optical Polarizing Films
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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