Iodine Market Sale to Cross US$ 2 Bn Revenues by 2032 at 4% CAGR

Iodine Market 2022

The global iodine market is estimated to be valued at US$ 1.43 Bn as of 2022. The global iodine market estimated to be valued at approximately US$ 2 Bn by 2032. Worldwide consumption of iodine is projected to increase at 4% CAGR during the period of 2022 and 2032 on a volume basis. Increasing iodine production capacity, long-term supply chain agreements between manufacturers and end users, and shifting focus on iodine recycling by key players are being witnessed in this industry.

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Iodine is a halogen element in group seven of the periodic table, with atomic number 53. It is blue-black in color and has shiny luster. Iodine and its derivatives are widely used as an intermediate in industrial chemicals and for human nutrition.

The element is sourced from water bodies such as oceans and water pools as well as from seaweed. Iodine deficiency in humans results in various health-related issues such as goiter, mental retardation, heart diseases, and eyesight problems.

Key Companies-

• Iofina Chemical Inc.
• Sociedad Química y Minera (SQM)
• Iochem Corporation
• ISR Holding
• Qingdao Bright Moon Seaweed Group Co.,Ltd.
• ISE Chemicals Corporation
• Godo Shigen Co., Ltd
• Nippoh Chemicals Co., Ltd
• Deep Water Chemicals
• ACF Minera S.A
• Kanto Natural Gas Development Co., Ltd
• COSAYACH Compañía de Salitre y Yodo

In this report, the global iodine market has been segmented on the basis of regions. By 2031, the market in North America is expected to register a CAGR of 3.6% in terms of value.

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Market Segmentation:

By Source

• Natural Brines
• Nitrite Ores
• Others (Seaweed)

By Application

• X-Ray Contrast Media
• Catalysts
• Biocides
• LED/LCD Polarizing Films
• Feed Additives
• Human Nutrition
• Others

By Region

• North America
• Latin America
• Europe
• APAC
• MEA

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Key Questions Answered in Iodine Market Report -

• What is the global valuation of the iodine market in 2022?
• What are the main factors driving demand for iodine?
• What is the expected consumption outlook of iodine through 2032?
• What are the key trends being witnessed in the global market?
• Which 5 countries drive most of the demand for iodine?
• Which countries are key producers of iodine?
• What is the consumption volume of iodine in the U.S.?

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