Iodine Market - Industry Analysis, Size, Share, Growth, Trends And Forecast 2020 - 2026 | ISE Chemicals Corporation, SQM, Iofina PLC, etc

The global iodine market is forecast to reach USD 1,208.3 Million by 2026, according to a new report by Reports and Data. The market is projected to witness moderate growth during the forecast period. In the last decade, there has been a growing awareness of iodine deficiency in the developing regions. Understanding of the negative impact of iodine deficiency, have a positive effect on the growth of the market. Continuous emphasis on R&D activities in the chemical industry is also propelling market growth. Since the last decade of the 20th century, there has been an exceptional development in the organic chemistry of polyvalent iodine compounds.

The rising interest in halogen compounds is associated with active oxidizing properties of polyvalent iodine components. Increased buying capacity of individuals in developing regions and expansion of the electronics industry is another mentionable factor. The development of the electronics industry has elevated the demand for LCDs, wherein the element is used in optical polarizing films.

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Companies considered and profiled in this market study
ISE Chemicals Corporation, SQM, Iofina PLC, Cosayach Comp De Salitre Y Yodo, Algorta Norte Sa, Nippoh Chemicals Co., Ltd., Godo Shigen Co., Ltd, Toho Earthtech Co., Ltd, Eskay Iodine Pvt. Ltd., Calibre Chemical Pvt. Ltd.
The companies have emphasized on diverse strategies like R&D activities, acquisition, and mergers for ensuring their market growth.

Further key findings from the report suggest

1. The iodine market held a market share of USD 861.7 Million in the year 2018. It is projected to witness a growth rate of 4.2% during the forecast period.

2. In regards to form, the organic compounds segment generated the highest revenue of USD 482.5 Million in 2018, with the fastest growth rate of 4.4% during the forecast period. The high demand for this halogen in the organic compound form due to its diverse application in various end-user industries like- in the agrochemical industry and pet food sector contributes to the revenue generated by this segment.

3. In context to Source, the Caliche Ore segment yielded the highest revenue of USD 413.6 Million in 2018 with a CAGR of 4.4% during the forecast period. Factors like economic feasibility and effectiveness of extracting the halogen from caliche ore results in high preference of this source among the manufacturers, which contributes to the revenue generated by this segment.

4. In regards to Application, the X-Ray Contrast Media segment occupies the largest market share of 29.0% in 2018, with a growth rate of 4.5% during the forecast period. The market share held by the X-Ray Contrast Media segment is attributed to the expansion of healthcare sector, rising preference for technologically advanced equipment in the industry and use of contrast media in diagnostic techniques like CT scan, X-ray, among others.

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For the purpose of this report, Reports and Data have segmented the global iodine market according to Form, Source, Extraction Process, Application, and Region:
Form Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
Inorganic Salts and Complexes
Organic Compounds
Elemental & Isotopes

Source Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
Natural Brines
Caliche Ore
Seaweeds
Recycling

Extraction process Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
Carbon Absorption
Blow-out
Ion Exchange

Application Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
Pharmaceuticals
X-Ray Contrast Media
Catalysts in Polymer Processing
Optical Polarizing Films
Fluorochemicals
Animal Feed
Human Nutrition
Iodophors
Biocides
Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
North America
Europe
Asia Pacific
MEA
Latin America

Go through our meticulously drafted TOC, Tables, Statistics, Charts, and Company profiles: - https://www.reportsanddata.com/report-detail/iodine-market

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This release was published on openPR.