Iodine Market Research Report with Growth, Global Insights and Forecasts till 2025
The market of Iodine is expected to grow at a CAGR of over 4% during the forecast period.
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Top Key Players in the Global Iodine Market are SQM SA, Iofina PLC, Ise Chemicals Corporation, Cosayach, Iochem Corporation, Algorta Norte SA, Nippoh Chemicals Co. Ltd, Kanto Natural Gas Development Co. Ltd, Toho Earth Tech Co. Ltd, GODO SHIGEN Co. Ltd, Yantai Xinwang Seaweed Co. Ltd, Qingdao Gather Great Ocean Algae Industry Group Co. Ltd, Salvi Chemical Industries Ltd, Calibre Chemicals Pvt. Ltd, Protochem, Deep Water Chemicals, Eskay Iodine Private Limited, Glide Chem Private Limited, Parad Corporation Pvt Ltd, Samrat Pharmachem Limited, and others.
Key Market Trends:
Increasing Demand from the Medical Sector
- Iodine is a chemical element, which is the heaviest among all stable halogens. It exists as a lustrous, purple-black, non-metallic solid at standard conditions, which sublimes easily with gentle heat.
- It is used to cure goiter and is also used as an antiseptic for disinfecting the skin before surgery or used on wounds that are wet.
- At present, the global iodine market is doing well, due to the increasing need for iodine in X-ray contrast media, because of its low toxicity, high atomic number, and ease of adjunction with organic compounds.
- The development of medical technologies has propelled the demand for iodine in this application. The radiographic contrast media containing iodine enhances the visibility of vascular structures and organs, during radiographic procedures.
- Iodine is used in pharmaceuticals for preparing disinfectants, bactericides, and analgesics, among others (for example: tincture of iodine), which is used in synthesis of sodium iodide, potassium iodide, and iodine solution.
- The radioactive isotopes of iodine can be used in the treatment of thyroid cancer. It is also used in the synthesis of thyroid hormone.
- The iodinated contrast media can cause several risks, like allergic reactions and hyperthyroidism, but the benefits associated with it cannot be neglected.
- The global antiseptics and disinfectants market is expected to witness a CAGR of over 6%, during the forecast period.
- Owing to the above-mentioned factors, the iodine market is expected to grow rapidly, during the forecast period.
Europe to Dominate the Market
- Europe is expected to dominate the market for iodine, during the forecast period. Owing to the increasing awareness regarding iodine deficiency and the implementation of regulations by global organizations, like the World Health Organization (WHO), to make mandatory consumption of iodized salts, the demand for iodine has been increasing in countries, like Germany, France, and the United Kingdom.
- The increasing efforts by governments by spending on healthcare and the increasing number of cancer patients in the region have propelled the demand for iodine in the market studied.
- Regulations imposed by UNICEF and WHO, on making consumption of iodine mandatory, have helped in increasing the market share of iodine in the region.
- The healthcare market in Europe is projected to witness a CAGR of over 5%, during the forecast period. It is likely to increase the demand for iodine and may stimulate its market, during the forecast period.
- Some of the major companies dominating the market in the region are SQM SA and Algorta Norte SA.
Full Browse the report description and TOC:
Highlights of TOC:
Market Overview: It starts with product overview and scope of the Global Iodine market and later gives consumption and production growth rate comparisons by application and product respectively. It also includes a glimpse of the regional study and Iodine market size analysis for the review period 2015-2025.
Company Profiles: Each company profiled in the report is assessed for its market growth keeping in view vital factors such as price, Iodine market gross margin, revenue, production, markets served, main business, product specifications, applications, and introduction, areas served, and production sites.
Manufacturing Cost Analysis: It includes industrial chain analysis, manufacturing process analysis, the proportion of manufacturing cost structure, and the analysis of key raw materials.
Market Dynamics: Readers are provided with a comprehensive analysis of Iodine market challenges, influence factors, drivers, opportunities, and trends.
Market Forecast: Here, the Iodine report provides consumption forecast by application, price, revenue, and production forecast by product, consumption forecast by region, production forecast by region, and production and revenue forecast.
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