Press release
Iodine Market Size, Share, Growth, Industry Report, 2032 | Record a CAGR of 6.5% Over 2024-2032
Iodine Market
Iodine is an element that has a lustrous purple-black color. It is a stable halogen and used in several areas, such as additive in animal feeds, disinfectants, and catalyst in the production of polymers. It is also used as an X-ray contrast media and in polarizing films. These widespread applications of the product are expected to have a positive impact on the market's progress.
The COVID-19 pandemic created various impacts on the market as initially, the market faced challenges in the form of supply chain disruptions, which caused shortage of raw materials and hindered the production of this element. However, after the pandemic, people's increased focus on sanitation and hygiene boosted the sales of disinfectants and biocides, thereby fueling the product demand.
Fortune Business Insightsโข displays this information in a report titled, "Iodine Market Size Report, 2024-2032."
๐ฎ๐๐ ๐ ๐ญ๐๐๐ ๐บ๐๐๐๐๐ ๐น๐๐๐๐๐๐๐ ๐น๐๐๐๐๐ - https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/iodine-market-103889
Iodine Market Segmentation:
Affordability and Ease of Extraction Boosted Product Demand from Caliche Ores
Based on source, the market is segmented into caliche ore, underground brines, and seaweed. The caliche ore segment dominated the market in 2023 as this source is economically feasible and offers miners the ease of extracting iodine.
Rising Adoption of Advanced Medical Imaging Technologies Augmented Product Use in X-Ray Contrast Media
Based on application, the market is segmented into x-ray contrast media, pharmaceutical, optical polarizing films, industrial catalysts, animal feed, fluorochemicals, iodophors, human nutrition, biocides, and others. The X-ray contrast media segment dominated the iodine market share due to the increasing use of innovative medical imaging technologies to diagnose complex ailments. Iodine compounds are widely used in contrast media for X-ray machines to offer enhanced and more detailed medical images and improve the quality of diagnosis.
With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report has conducted a detailed study of the market and highlighted several critical areas, such as leading sources, applications, and prominent market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.
๐ฎ๐๐ ๐ ๐ธ๐๐๐๐ - https://www.fortunebusinessinsights.com/enquiry/get-a-quote/iodine-market-103889
Drivers and Restraints:
Increasing Demand for Battery Technology and Consumer Electronics to Boost Market Growth
The consumer electronics industry is experiencing rapid expansion every year due to the rising demand for laptop, smartphones, TV sets, and tablets. Iodine compounds are extensively used in polarizing films that are utilized in Organic Light-Emitting Diodes (OLEDs) and Liquid Crystal Displays (LCDs). These displays are an integral part of consumer electronics gadgets, which will further fuel the iodine market growth.
However, the risks associated with overconsumption of this product can hinder their demand.
Regional Iodine Market Insights:
Europe Led Market Growth Due to High Healthcare Expenditure
Europe dominated the global market in 2023 as the region is increasing its expenditure on its healthcare infrastructure to improve the quality of patient care. Iodine is finding robust applications in the pharmaceutical industry and X-ray contrast media.
North America is also showcasing healthy growth due to the high demand for this product in the pharmaceutical sector. Moreover, the increasing use of this product to produce disinfectants will foster the market's growth.
Competitive Landscape:
Market Leaders to Focus on Launching New Products to Expand Customer Base
Some of the most prominent companies operating in the market are increasing their research and development efforts to launch new products that have a wider range of applications. This move will help them increase their customer base and offer them a strong competitive edge.
To know more about this market, please visit: https://www.fortunebusinessinsights.com/iodine-market-103889
Iodine Industry Development:
October 2022 - SQM S.A. revealed that it had inked a multi-year contract with GE Healthcare to deliver iodine for contrast media. This element acts as a critical component that supports contrast media used in X-ray machines and Computed Tomography (CT) scanning procedures. The agreement is expected to help the company increase the year-on-year supply of the product.
LIST OF KEY Iodine COMPANIES PROFILED IN THE REPORT:
Cosayach Compaรฑรญa De Salitre Y Yodo (Chile)
Nippoh Chemicals Co., Ltd (Japan)
Kanto Natural Gas Development Co., Ltd. (Japan)
Toho Earthtech Co., Ltd. (Japan)
GODO SHIGEN Co., Ltd. (Japan)
SQM S.A. (Chile)
Iofina plc (U.K.)
ISE CHEMICALS CORPORATION (Japan)
IOCHEM Corporation (U.S.)
Algorta Norte SA (Chile)
Contact Us:
Fortune Business Insightsโข Pvt. Ltd.
9th Floor, Icon Tower, Baner-Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Fortune Business Insightsโข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Iodine Market Size, Share, Growth, Industry Report, 2032 | Record a CAGR of 6.5% Over 2024-2032 here
News-ID: 3707595 • Views: โฆ
More Releases from Fortune Business Insights
Future of Renewable Energy Market Insights: Growth Drivers, and Regional Develop โฆ
Global Renewable Energy Market Overview
The global renewable energy market size was valued at USD 954 billion in 2023. The market is projected to grow from USD 1,020.94 billion in 2024 to USD 1,574.17 billion by 2032, exhibiting a CAGR of 5.56% during the forecast period. Asia Pacific dominated the renewable energy market with a market share of 67.76% in 2023. The Renewable energy market in the U.S. is projected toโฆ
DC Drives Market Overview: Opportunities, Growth Drivers, and Key Applications
Market Overview
The global DC drives market size was valued at USD 4.34 billion in 2018 and is projected to reach USD 9.23 billion by 2032, exhibiting a CAGR of 5.59% during the forecast period of 2019-2032. Asia Pacific dominated the global market with a share of 28.8% in 2018. The DC drives market in the U.S. is projected to grow significantly, reaching an estimated value of USD 1.59 billion byโฆ
Humanoid Robots Market: An In-depth B2B Analysis of Size, Share, and Future Grow โฆ
Brief Market Overview:
The global humanoid robots market is rapidly transitioning from a nascent field into a major growth sector, with its value escalating from USD 2.43 billion in 2023 to a projected USD 66.0 billion by 2032, demonstrating a remarkable CAGR of 45.5%.
These complex machines, which merge mechanical, electrical, and software engineering, are moving beyond research labs into real-world applications across industrial, service, and household sectors. This explosive growthโฆ
Methanol Market Poised for Remarkable Growth, set to Reach USD 46.32 billion by โฆ
The global methanol market size was valued at USD 31.26 billion in 2023. It is projected to grow from USD 32.70 billion in 2024 to USD 46.32 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period.
The global methanol market size is set to gain traction from the urgent need to lower environmental pollution caused by the surging usage of heavy fuels, such as diesel and gasoline. Pollutionโฆ
More Releases for Iodine
[Latest] Povidone Iodine Market : An Overview
The ""Povidone Iodine Market"" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Povidone Iodine Market, 2024-2031
Verified Market Research's most recent report, ""Povidone Iodine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030,"" provides an in-depthโฆ
Iodine Market Forecast and Analysis 2024-2030
The Global Iodine Market demonstrated a significant value of USD 3.87 billion in 2023. Projections indicate a promising growth trajectory with the total revenue expected to climb by 5.53% from 2024 to 2030, reaching nearly USD 5.64 billion.
Report Scope:
The comprehensive report on the Global Iodine Market offers a detailed analysis encompassing various facets of this vital mineral's industry. It sheds light on market dynamics, segments, applications, regional insights, and challenges,โฆ
Iodine Market Key Players | Eskay Iodine, American Elements, Algorta Norte
As per the study initiated by Evolve Business Intelligence, the global Iodine Market size accounted for USD 1.7Billion in 2022, growing at a CAGR of 3.8% from 2023 to 2033. Iodine Market refers to the global marketplace where iodine, a chemical element with the symbol I and atomic number 53, is bought and sold. Iodine is an essential trace element that plays a crucial role in various applications, including pharmaceuticals,โฆ
Povidone Iodine Market โ Global Industry Report, 2030
Albany, NY - Povidone Iodine Market: Introduction
In terms of value, the global povidone iodine market is anticipated to expand at a CAGR of ~5% from 2020 to 2030 and surpass US$ 256.7 Bn by 2030. North America dominated the global povidone iodine market in terms of volume in 2019. It is estimated to be the leading region of the global povidone iodine market during the forecast period. The healthcare sectorโฆ
Iodine Market Projected to Reach USD 1,177.9 Million By 2026: Growing Iodine Def โฆ
Global Iodine Market Analysis
According to Verified Market Research, The Global Iodine Market was valued at USD 581.57 Million in 2018 and is projected to reach USD 1,177.9 Million by 2026, growing at a CAGR of 4.40% from 2019 to 2026.
What is Iodine?
Iodine is a mineral that can be found in some foods. The body needs iodine (but cannot make it) for thyroid hormones. Therefore the needed iodine must come fromโฆ
Povidone Iodine Market | Analysis & Trends 2023
Povidone Iodine Market: Overview
Povidone Iodine is a stable chemical complex of polyvinylpyrrolidone and elemental iodine. It is universally preferred iodine antiseptic. It is a widely used antiseptic for topical application in the prevention and treatment of infections in wounds. Povidone Iodine is used in first aid of blisters, minor cuts and burns among others. It is extensively used in the medical field. It is completely soluble in cold and mild-warmโฆ
