Fairfield Market Research Iodine Market Size, Share, Growth 2024-2031

Iodine Market

Global Iodine Industry Analysis, Size, Share, Growth, Trends and Forecast 2024-2031 - (By Source Coverage, By Application Coverage, By Geographic Coverage and By Company)

Published Date: Apr 2024 | Format: | No. of Pages: 168

Industry: Chemicals & Materials


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Global Iodine Market Forecast

  • Global Iodine Market size to reach US$ 6.7 Bn in 2031, up from US$ 3.6 Bn to be attained in 2024
  • Market revenue projected to exhibit a remarkable rate of expansion, at an estimated CAGR of 9 % during 2024 - 2031

Iodine Market Snapshot, 2024 - 2031

Quick Report Digest

  1. Global iodine market set to reach US$ 6.7 Bn by 2031, with a CAGR of 9 % from 2024-2031.
  2. Market experienced growth disruptions due to COVID-19 but shows signs of recovery, especially in Asia-Pacific.
  3. Key growth driven by healthcare demand, industrial applications, and rising health awareness.
  4. Challenges include regulatory constraints, supply chain vulnerabilities, and competition from alternatives.
  5. Trends include sustainability, health consciousness, and expansion into emerging markets.
  6. Regulations influence product quality, extraction methods, international trade, and safety standards.
  7. Market segmented by source type, application, and region.
  8. Leading companies like Iochem Corporation, Iofina Chemical, and SQM dominate with strategies like innovation and partnerships.
  9. Recent developments include new product launches and distribution agreements.
  10. Analysts foresee steady demand growth, expanding applications, and a focus on sustainability ensuring market stability and growth.

A Look Back and a Look Forward - Comparative Analysis

The Iodine market experienced a dynamic shift between 2019 and 2023, with growth likely to continue in the coming years. While pre-pandemic years likely saw steady growth, the COVID-19 crisis disrupted supply chains and dampened overall market expansion. However, the market has shown signs of recovery, and the forecast for 2024-2031 paints a promising picture.

Several factors are expected to drive this growth. The Asia Pacific region, particularly China, is a key player due to its expanding population, rising disposable income, and favourable economic conditions. This translates to increased demand for iodine in various applications. Additionally, growing awareness about health and the importance of iodine in maintaining essential bodily functions is likely to fuel the market. Applications in animal nutrition and X-ray contrast media are also expected to contribute significantly.

The forecast suggests the iodine market will experience a decent CAGR during the 2024-2031 period. This growth will likely be driven by factors like increasing urbanisation, rising healthcare expenditure, and technological advancements in iodine production methods. However, challenges like potential environmental regulations and price fluctuations of raw materials could hinder market expansion.

Overall, the iodine market outlook for 2024-2031 is positive, with the Asia Pacific region leading the charge. A growing focus on health and expanding applications in various industries will propel market growth. Nevertheless, staying vigilant about potential roadblocks like environmental regulations is crucial for industry players to navigate the market effectively.

Iodine Market, US$ Bn, 2024 - 2031

Key Growth Determinants

  • Increasing Demand from Healthcare Sector

The iodine market is experiencing growth driven by rising demand in the healthcare sector, particularly for iodine-based contrast media used in diagnostic imaging procedures like CT scans. Additionally, iodine is a key component in pharmaceuticals, particularly in the production of medications for thyroid disorders, driving further demand growth.

  • Expansion in Industrial Applications

The iodine market is expanding due to increased usage in various industrial applications such as LCD screens, LED lighting, and optical polarizing films. With the growing consumer electronics market and the shift towards energy-efficient lighting solutions, the demand for iodine in these applications is expected to rise, contributing to market growth.

  • Agricultural Applications and Soil Remediation

Another significant growth driver for the iodine market is its use in agriculture as a soil conditioner and in animal feed supplements. Iodine deficiency in soils affects crop quality and livestock health, leading to increased adoption of iodine-containing fertilizers and feed additives. Additionally, iodine is utilised in soil remediation efforts to mitigate contamination, further fuelling market expansion.

Major Growth Barriers 

  • Regulatory Constraints

The iodine market faces challenges due to stringent regulatory standards imposed by various governments regarding its production, distribution, and usage. Regulations related to environmental protection, worker safety, and product quality control can significantly impede the growth of the iodine market.

  • Supply Chain Vulnerability

The iodine market is susceptible to disruptions in its supply chain, primarily because iodine is predominantly extracted from natural sources such as underground brines and seawater. Factors such as natural disasters, geopolitical tensions, or logistical issues can disrupt the supply of iodine, leading to market instability and hindering growth.

  • Competitive Alternatives

Alternatives to iodine, such as iodine substitutes or other methods for achieving similar outcomes, pose a challenge to market growth. Technological advancements and innovations in industries such as healthcare, pharmaceuticals, and agriculture may offer alternative solutions that compete with iodine-based products, thereby limiting the market's expansion potential.

Key Trends and Opportunities to Look at

  • Sustainable Practices

One prominent trend in various industries, including healthcare, agriculture, and manufacturing, is the increasing emphasis on sustainability. Consumers are becoming more conscious of the environmental impact of products they use, leading companies to adopt sustainable practices throughout their supply chains. In the iodine market, this trend translates into demand for iodine extraction methods that are environmentally friendly and minimise waste generation. Companies investing in sustainable iodine production methods, such as extraction from seaweed or brine, are likely to gain favour with environmentally conscious consumers and regulatory bodies. Additionally, there is a growing market for iodine derivatives used in sustainable agriculture practices, such as organic farming and soil remediation.

  • Health and Wellness Boom:

Another significant trend driving market growth is the increasing focus on health and wellness worldwide. Iodine plays a crucial role in human health, particularly in thyroid function and foetal development. As awareness of iodine deficiency disorders (IDDs) grows, there is a rising demand for iodine supplements and iodised salt, especially in regions where IDD prevalence is high. Furthermore, iodine is used in various pharmaceutical and medical applications, such as contrast agents for diagnostic imaging and antiseptics for wound care. With the global health and wellness market continuing to expand, the demand for iodine-based products is expected to rise, presenting opportunities for market players to innovate and cater to evolving consumer needs.

  • Expansion in Developing Markets

One of the most significant opportunities for iodine market players lies in expanding their presence in emerging markets. Countries with growing populations and improving standards of living, particularly in Asia Pacific, and Latin America, present untapped markets for iodine-based products. By establishing strategic partnerships with local distributors and investing in marketing efforts tailored to regional preferences and needs, companies can capitalise on the rising demand for iodine in diverse applications, including healthcare, agriculture, and industrial processes.

Iodine Market DROs

How Does the Regulatory Scenario Shape this Industry?

The iodine market industry is significantly influenced by regulatory frameworks which dictate production, import, export, and usage of iodine-based products. These regulations are established by government agencies to ensure public safety, environmental protection, and fair market practices. The regulatory scenario shapes the iodine market industry in several ways.

Firstly, regulatory bodies impose quality standards on iodine products to guarantee their purity and effectiveness. This includes regulations on iodine concentration levels, impurity limits, and labelling requirements. Compliance with these standards is essential for companies operating in the iodine market to maintain consumer trust and meet legal obligations.

Secondly, regulations govern the extraction and production of iodine, particularly in the mining and chemical industries. Environmental agencies enforce laws related to waste disposal, emissions, and ecological impact assessments to mitigate the environmental footprint of iodine extraction and processing operations. Adherence to these regulations is crucial for companies to minimise their environmental liabilities and sustainably manage their operations.

Thirdly, international trade regulations play a significant role in shaping the iodine market industry. Import and export restrictions, tariffs, and trade agreements impact the global flow of iodine products. Companies must navigate these regulations to access key markets, manage supply chains, and remain competitive on a global scale. Trade disputes or geopolitical tensions can disrupt the iodine supply chain, affecting prices and market dynamics.

Moreover, regulatory agencies monitor the use of iodine in various applications, such as pharmaceuticals, nutrition, and industrial processes. Health authorities set limits on iodine intake levels in dietary supplements and pharmaceutical formulations to prevent adverse health effects such as iodine toxicity or thyroid disorders. Additionally, regulations may require fortification of certain food products with iodine to address nutritional deficiencies in specific populations.

Furthermore, safety regulations govern the handling, transportation, and storage of iodine and iodine-based products to minimise risks to human health and the environment. Compliance with these regulations reduces the likelihood of accidents, spills, or exposures that could harm workers, communities, or ecosystems.

Fairfield’s Ranking Board

Top Segments

  • Pharmaceuticals

The pharmaceutical sector continues to be a key consumer of iodine, particularly in the production of antiseptics, disinfectants, and thyroid-related medications. With the increasing prevalence of thyroid disorders globally and advancements in pharmaceutical formulations, the demand for iodine in this segment remains strong.

  • Nutrition

Iodine is essential for thyroid function and overall human health, driving steady growth in the nutrition segment. Government-led iodine fortification programs, especially in salt, and the rising popularity of dietary supplements fortified with iodine are contributing to the growth of this segment.

  • Catalysts

Iodine compounds serve as catalysts in various industrial processes, including polymer and chemical production. The expansion of the chemical industry, particularly in developing regions, is fuelling the demand for iodine catalysts, which offer advantages such as high efficiency and selectivity, across diverse industrial applications.

 Regional Frontrunners 

  • Exploring the Driving Forces and Growth Trajectories of the Asia Pacific Iodine Market

Beacon of Iodine demand Asia Pacific emerges as a powerhouse in the iodine market, fueled by nations like Japan, and China. Robust demand across sectors such as pharmaceuticals, electronics, and nutrition propels growth, underlining the region's pivotal role in shaping global iodine dynamics.

Solar cells & Modules Market Regional Outlook, 2024 - 2031

  • Navigating Diverse Applications and Market Dynamics in the North American Iodine Market

North America, led by the US, commands a significant share in the iodine market. Dynamic applications in healthcare and pharmaceuticals drive growth, with iodine's versatile use in X-ray contrast media and nutritional supplements shaping the region's market landscape.

  • Unveiling Trends, Innovations, and Market Insights in the European Iodine Market

Europe, spearheaded by industrial stalwarts like Germany, and France, presents a robust iodine market ecosystem. With growing utilisation in healthcare and nutrition sectors, including X-ray contrast media and as a vital nutrient, Europe plays a pivotal role in the global iodine market.

Fairfield’s Competitive Landscape Analysis 

The iodine market's competition landscape is characterised by the presence of several key players striving for market dominance. Leading companies such as SQM, Iofina, ISE Chemicals Corporation, Godo Shigen, and Cosayach are prominent players in the global iodine market.

These companies employ various growth strategies to maintain their competitive edge, including mergers and acquisitions, product innovations, strategic partnerships, and expansions into untapped markets. For instance, some companies focus on expanding their production capacities to meet the growing demand for iodine, while others prioritise research and development to introduce new iodine-based products or enhance existing ones.

Additionally, strategic collaborations with distributors and end-users play a crucial role in strengthening market presence and enhancing distribution networks. Overall, the iodine market's leading players continuously strive to innovate and expand their market reach through strategic initiatives tailored to capitalise on emerging opportunities and address evolving customer demands.

Who are the Leaders in the Iodine Market Space? 

  • Iochem Corporation
  • Iofina Chemical, Inc.
  • Sociedad Química y Minera (SQM)
  • ISR Holding
  • Qingdao Bright Moon Seaweed Group Co.,Ltd.
  • Algorta Norte S.A
  • ISE Chemicals Corporation
  • Kanto Natural Gas Development Co., Ltd
  • Godo Shigen Co., Ltd
  • Nippoh Chemicals Co., Ltd
  • Salvi Chemicals Industries Ltd
  • Toho Earthtech Co., Ltd
  • k&o iodine co. ltd
  • ACF Minera S.A
  • Deepwater Chemicals
  • Kansar khazar co
  • Agh Altin Chem Co.
  • GODO SHIGEN Co., Ltd.
  • Samrat Pharmachem Limited
  • Calibre Chemicals Pvt. Ltd.
  • Deepwater Chemicals
  • Eskay Iodine Pvt Ltd

Significant Company Developments

New Product Launch

  • November 2023:

November 2023 marked the introduction of an innovative iodine-based contrast agent for medical imaging, enhancing diagnostic precision and patient comfort. This advancement in radiology promises superior imaging quality and safety standards, elevating standards in medical diagnostics globally.

  • January 2024:

In January 2024, a new iodine-infused wound healing solution was unveiled, offering accelerated tissue regeneration and infection control. This breakthrough in wound care presents a promising solution for addressing critical needs in dermatology and advancing patient outcomes.

Distribution Agreement

  • March 2024:

March 2024 saw a strategic distribution partnership formed, expanding the market reach of iodine-based disinfectants and antiseptics across the Asia-Pacific region. This agreement aims to improve accessibility to essential healthcare products, strengthening efforts in infection control and public health.

  • April 2024:

April 2024 witnessed a significant distribution agreement in Europe, extending the availability of veterinary iodine supplements. This collaboration aims to meet the growing demand for animal health products, supporting the well-being of livestock and companion animals continent-wide.

An Expert’s Eye Top of Form

  • Steady Demand Growth:

Analysts project a steady increase in demand for iodine, primarily driven by its indispensable role in various industries such as pharmaceuticals, healthcare, and electronics. With the healthcare sector emphasizing the importance of iodine in thyroid health and the electronics industry's reliance on it for LCD screens and semiconductor production, the market is poised for sustained growth. Additionally, the rising trend of preventive healthcare measures further fuels the demand for iodine-based supplements, especially in regions with high incidences of iodine deficiency disorders.

  • Expanding Applications and Market Penetration:

The iodine market is witnessing a surge in applications beyond traditional sectors, with expanding uses in sectors like agriculture, energy, and biotechnology. As technological advancements continue to enable the development of new iodine-based products, market penetration into these emerging sectors is expected to accelerate. Moreover, the increasing focus on sustainable practices and environmental concerns is driving the adoption of iodine-based solutions in water treatment and renewable energy applications. This diversification of applications not only broadens the market base but also reduces dependency on specific industries, ensuring more stable growth prospects for the global iodine market in the foreseeable future.

The Global Iodine Market is Segmented as Below:

By Source Type:

  • Natural Brines
  • Nitrite Ores
  • Others (Seaweeds)

By Application:

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

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

1. Executive Summary
    1.1. Global Iodine Market Snapshot
    1.2. Future Projections
    1.3. Key Market Trends
    1.4. Regional Snapshot, By Volume, 2024
    1.5. Analyst Recommendations


2. Market Overview
    2.1. Market Definitions and Segmentations
    2.2. Market Dynamics
           2.2.1. Drivers
           2.2.2. Restraints
           2.2.3. Market Opportunities
    2.3. Value Chain Analysis
    2.4. Porter’s Five Forces Analysis
    2.5. Covid-19 Impact Analysis
           2.5.1. Supply
           2.5.2. Demand
    2.6. Impact of Ukraine-Russia Conflict
    2.7. Economic Overview
    2.8. PESTLE Analysis


3. Production Output and Trade Statistics
    3.1. Key Highlights
    3.2. Global Iodine Production, By Region
           3.2.1. North America
           3.2.2. Europe
           3.2.3. Asia Pacific
           3.2.4. Latin America
           3.2.5. Middle East & Africa


4. Price Trends Analysis and Future Projects, 2019 - 2031
    4.1. Global Average Price Analysis, By Source
    4.2. Prominent Factors Affecting Iodine Prices
    4.3. Global Average Price Analysis, By Region


5. Global Iodine Market Outlook, 2019 - 2031
    5.1. Global Iodine Market Outlook, By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
           5.1.1. Key Highlights
                 5.1.1.1. Natural Brines
                 5.1.1.2. Nitrite Ores
                 5.1.1.3. Others (Seaweeds)
    5.2. Global Iodine Market Outlook, By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
           5.2.1. Key Highlights
                 5.2.1.1. X-Ray Contrast Media
                 5.2.1.2. Catalysts
                 5.2.1.3. Biocides
                 5.2.1.4. LED/LCD Polarizing Films
                 5.2.1.5. Feed Additives
                 5.2.1.6. Human Nutrition
                 5.2.1.7. Others
    5.3. Global Iodine Market Outlook, By Region, Volume (Tons) and Value (US$ Bn), 2019 - 2031
           5.3.1. Key Highlights
                 5.3.1.1. North America
                 5.3.1.2. Europe
                 5.3.1.3. Asia Pacific
                 5.3.1.4. Latin America
                 5.3.1.5. Middle East & Africa


6. North America Iodine Market Outlook, 2019 - 2031
    6.1. North America Iodine Market Outlook, By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
           6.1.1. Key Highlights
                 6.1.1.1. Natural Brines
                 6.1.1.2. Nitrite Ores
                 6.1.1.3. Others (Seaweeds)
    6.2. North America Iodine Market Outlook, By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
           6.2.1. Key Highlights
                 6.2.1.1. X-Ray Contrast Media
                 6.2.1.2. Catalysts
                 6.2.1.3. Biocides
                 6.2.1.4. LED/LCD Polarizing Films
                 6.2.1.5. Feed Additives
                 6.2.1.6. Human Nutrition
                 6.2.1.7. Others
    6.3. North America Iodine Market Outlook, By Country, Volume (Tons) and Value (US$ Bn), 2019 - 2031
           6.3.1. Key Highlights
                 6.3.1.1. U.S. Iodine Market By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 6.3.1.2. U.S. Iodine Market By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 6.3.1.3. Canada Iodine Market By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 6.3.1.4. Canada Iodine Market By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
           6.3.2. BPS Analysis/Market Attractiveness Analysis


7. Europe Iodine Market Outlook, 2019 - 2031
    7.1. Europe Iodine Market Outlook, By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
           7.1.1. Key Highlights
                 7.1.1.1. Natural Brines
                 7.1.1.2. Nitrite Ores
                 7.1.1.3. Others (Seaweeds)
    7.2. Europe Iodine Market Outlook, By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
           7.2.1. Key Highlights
                 7.2.1.1. X-Ray Contrast Media
                 7.2.1.2. Catalysts
                 7.2.1.3. Biocides
                 7.2.1.4. LED/LCD Polarizing Films
                 7.2.1.5. Feed Additives
                 7.2.1.6. Human Nutrition
                 7.2.1.7. Others
    7.3. Europe Iodine Market Outlook, By Country, Volume (Tons) and Value (US$ Bn), 2019 - 2031
           7.3.1. Key Highlights
                 7.3.1.1. Germany Iodine Market By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 7.3.1.2. Germany Iodine Market By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 7.3.1.3. U.K. Iodine Market By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 7.3.1.4. U.K. Iodine Market By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 7.3.1.5. France Iodine Market By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 7.3.1.6. France Iodine Market By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 7.3.1.7. Italy Iodine Market By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 7.3.1.8. Italy Iodine Market By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 7.3.1.9. Russia Iodine Market By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 7.3.1.10. Russia Iodine Market By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 7.3.1.11. Rest of Europe Iodine Market By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 7.3.1.12. Rest of Europe Iodine Market By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
           7.3.2. BPS Analysis/Market Attractiveness Analysis


8. Asia Pacific Iodine Market Outlook, 2019 - 2031
    8.1. Asia Pacific Iodine Market Outlook, By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
           8.1.1. Key Highlights
                 8.1.1.1. Natural Brines
                 8.1.1.2. Nitrite Ores
                 8.1.1.3. Others (Seaweeds)
    8.2. Asia Pacific Iodine Market Outlook, By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
           8.2.1. Key Highlights
                 8.2.1.1. X-Ray Contrast Media
                 8.2.1.2. Catalysts
                 8.2.1.3. Biocides
                 8.2.1.4. LED/LCD Polarizing Films
                 8.2.1.5. Feed Additives
                 8.2.1.6. Human Nutrition
                 8.2.1.7. Others
    8.3. Asia Pacific Iodine Market Outlook, By Country, Volume (Tons) and Value (US$ Bn), 2019 - 2031
           8.3.1. Key Highlights
                 8.3.1.1. China Iodine Market By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 8.3.1.2. China Iodine Market By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 8.3.1.3. Japan Iodine Market By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 8.3.1.4. Japan Iodine Market By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 8.3.1.5. South Korea Iodine Market By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 8.3.1.6. South Korea Iodine Market By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 8.3.1.7. India Iodine Market By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 8.3.1.8. India Iodine Market By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 8.3.1.9. Southeast Asia Iodine Market By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 8.3.1.10. Southeast Asia Iodine Market By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 8.3.1.11. Rest of Asia Pacific Iodine Market By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 8.3.1.12. Rest of Asia Pacific Iodine Market By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
           8.3.2. BPS Analysis/Market Attractiveness Analysis


9. Latin America Iodine Market Outlook, 2019 - 2031
    9.1. Latin America Iodine Market Outlook, By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
           9.1.1. Key Highlights
                 9.1.1.1. Natural Brines
                 9.1.1.2. Nitrite Ores
                 9.1.1.3. Others (Seaweeds)
    9.2. Latin America Iodine Market Outlook, By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
           9.2.1. Key Highlights
                 9.2.1.1. X-Ray Contrast Media
                 9.2.1.2. Catalysts
                 9.2.1.3. Biocides
                 9.2.1.4. LED/LCD Polarizing Films
                 9.2.1.5. Feed Additives
                 9.2.1.6. Human Nutrition
                 9.2.1.7. Others
    9.3. Latin America Iodine Market Outlook, By Country, Volume (Tons) and Value (US$ Bn), 2019 - 2031
           9.3.1. Key Highlights
                 9.3.1.1. Brazil Iodine Market By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 9.3.1.2. Brazil Iodine Market By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 9.3.1.3. Mexico Iodine Market By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 9.3.1.4. Mexico Iodine Market By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 9.3.1.5. Rest of Latin America Iodine Market By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                 9.3.1.6. Rest of Latin America Iodine Market By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
           9.3.2. BPS Analysis/Market Attractiveness Analysis


10. Middle East & Africa Iodine Market Outlook, 2019 - 2031
      10.1. Middle East & Africa Iodine Market Outlook, By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
               10.1.1. Key Highlights
                       10.1.1.1. Natural Brines
                       10.1.1.2. Nitrite Ores
                       10.1.1.3. Others (Seaweeds)
      10.2. Middle East & Africa Iodine Market Outlook, By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
              10.2.1. Key Highlights
                       10.2.1.1. X-Ray Contrast Media
                       10.2.1.2. Catalysts
                       10.2.1.3. Biocides
                       10.2.1.4. LED/LCD Polarizing Films
                       10.2.1.5. Feed Additives
                       10.2.1.6. Human Nutrition
                       10.2.1.7. Others
      10.3. Middle East & Africa Iodine Market Outlook, By Country, Volume (Tons) and Value (US$ Bn), 2019 - 2031
              10.3.1. Key Highlights
                       10.3.1.1. GCC Iodine Market By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                       10.3.1.2. GCC Iodine Market By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                       10.3.1.3. South Africa Iodine Market By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                       10.3.1.4. South Africa Iodine Market By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                       10.3.1.5. Egypt Iodine Market By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                       10.3.1.6. Egypt Iodine Market By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                       10.3.1.7. Rest of Middle East & Africa Iodine Market By Source, Volume (Tons) and Value (US$ Bn), 2019 - 2031
                       10.3.1.8. Rest of Middle East & Africa Iodine Market By Application, Volume (Tons) and Value (US$ Bn), 2019 - 2031
              10.3.2. BPS Analysis/Market Attractiveness Analysis


11. Competitive Landscape
      11.1. Product vs Application Heatmap
      11.2. Manufacturer vs Application Heatmap
      11.3. Company Market Share Analysis, 2023
      11.4. Competitive Dashboard
      11.5. Company Profiles
              11.5.1. Iochem Corporation
                      11.5.1.1. Company Overview
                      11.5.1.2. Product Portfolio
                      11.5.1.3. Financial Overview
                      11.5.1.4. Business Strategies and Development
              11.5.2. Iofina Chemical, Inc.
                      11.5.2.1. Company Overview
                      11.5.2.2. Product Portfolio
                      11.5.2.3. Financial Overview
                      11.5.2.4. Business Strategies and Development
              11.5.3. Sociedad Química y Minera (SQM)
                      11.5.3.1. Company Overview
                      11.5.3.2. Product Portfolio
                      11.5.3.3. Financial Overview
                      11.5.3.4. Business Strategies and Development
              11.5.4. ISR Holding
                      11.5.4.1. Company Overview
                      11.5.4.2. Product Portfolio
                      11.5.4.3. Financial Overview
                      11.5.4.4. Business Strategies and Development
              11.5.5. Qingdao Bright Moon Seaweed Group Co.,Ltd.
                      11.5.5.1. Company Overview
                      11.5.5.2. Product Portfolio
                      11.5.5.3. Financial Overview
                      11.5.5.4. Business Strategies and Development
              11.5.6. Algorta Norte S.A
                      11.5.6.1. Company Overview
                      11.5.6.2. Product Portfolio
                      11.5.6.3. Financial Overview
                      11.5.6.4. Business Strategies and Development
              11.5.7. ISE Chemicals Corporation
                      11.5.7.1. Company Overview
                      11.5.7.2. Product Portfolio
                      11.5.7.3. Financial Overview
                      11.5.7.4. Business Strategies and Development
              11.5.8. Kanto Natural Gas Development Co., Ltd
                      11.5.8.1. Company Overview
                      11.5.8.2. Product Portfolio
                      11.5.8.3. Business Strategies and Development
              11.5.9. Godo Shigen Co., Ltd
                      11.5.9.1. Company Overview
                      11.5.9.2. Product Portfolio
                      11.5.9.3. Financial Overview
                      11.5.9.4. Business Strategies and Development
              11.5.10. Nippoh Chemicals Co., Ltd
                      11.5.10.1. Company Overview
                      11.5.10.2. Product Portfolio
                      11.5.10.3. Financial Overview
                      11.5.10.4. Business Strategies and Development
              11.5.11. Salvi Chemicals Industries Ltd
                      11.5.11.1. Company Overview
                      11.5.11.2. Product Portfolio
                      11.5.11.3. Financial Overview
                      11.5.11.4. Business Strategies and Development
              11.5.12. Toho Earthtech Co., Ltd
                      11.5.12.1. Company Overview
                      11.5.12.2. Product Portfolio
                      11.5.12.3. Financial Overview
                      11.5.12.4. Business Strategies and Development
              11.5.13. k&o iodine co. ltd
                      11.5.13.1. Company Overview
                      11.5.13.2. Product Portfolio
                      11.5.13.3. Financial Overview
                      11.5.13.4. Business Strategies and Development
              11.5.14. ACF Minera S.A
                      11.5.14.1. Company Overview
                      11.5.14.2. Product Portfolio
                      11.5.14.3. Financial Overview
                      11.5.14.4. Business Strategies and Development
              11.5.15. Deepwater Chemicals
                      11.5.15.1. Company Overview
                      11.5.15.2. Product Portfolio
                      11.5.15.3. Financial Overview
                      11.5.15.4. Business Strategies and Development
              11.5.16. Kansar khazar co.
                      11.5.16.1. Company Overview
                      11.5.16.2. Product Portfolio
                      11.5.16.3. Financial Overview
                      11.5.16.4. Business Strategies and Development
              11.5.17. Agh Altin Chem Co.
                      11.5.17.1. Company Overview
                      11.5.17.2. Product Portfolio
                      11.5.17.3. Financial Overview
                      11.5.17.4. Business Strategies and Development
              11.5.18. GODO SHIGEN Co., Ltd.
                      11.5.18.1. Company Overview
                      11.5.18.2. Product Portfolio
                      11.5.18.3. Financial Overview
                      11.5.18.4. Business Strategies and Development
              11.5.19. Samrat Pharmachem Limited
                      11.5.19.1. Company Overview
                      11.5.19.2. Product Portfolio
                      11.5.19.3. Financial Overview
                      11.5.19.4. Business Strategies and Development
              11.5.20. Calibre Chemicals Pvt. Ltd.
                      11.5.20.1. Company Overview
                      11.5.20.2. Product Portfolio
                      11.5.20.3. Financial Overview
                      11.5.20.4. Business Strategies and Development
              11.5.21. Deepwater Chemicals
                      11.5.21.1. Company Overview
                      11.5.21.2. Product Portfolio
                      11.5.21.3. Financial Overview
                      11.5.21.4. Business Strategies and Development
              11.5.22. Eskay Iodine Pvt Ltd
                      11.5.22.1. Company Overview
                      11.5.22.2. Product Portfolio
                      11.5.22.3. Financial Overview
                      11.5.22.4. Business Strategies and Development


12. Appendix
      12.1. Research Methodology
      12.2. Report Assumptions
      12.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS

2023

 

2019 - 2023

2024 - 2031

Value: US$ Billion

Volume : TONS

 

REPORT FEATURES

DETAILS

Source Coverage

  • Natural Brines
  • Nitrite Ores
  • Others (Seaweeds)

Application Coverage

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

Geographical Coverage

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of EU
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil 
    • Mexico 
    • Rest of Latin America 
  • Middles East & Africa
    • GCC Countries 
    • South Africa 
    • Rest of Middle East & Africa

Leading Companies

  • Iochem Corporation
  • Iofina Chemical, Inc.
  • Sociedad Química y Minera (SQM)
  • ISR Holding
  • Qingdao Bright Moon Seaweed Group Co.,Ltd.
  • Algorta Norte S.A
  • ISE Chemicals Corporation
  • Kanto Natural Gas Development Co., Ltd
  • Godo Shigen Co., Ltd
  • Nippoh Chemicals Co., Ltd
  • Salvi Chemicals Industries Ltd
  • Toho Earthtech Co., Ltd
  • k&o iodine co. ltd
  • ACF Minera S.A
  • Deepwater Chemicals
  • Kansar khazar co
  • Agh Altin Chem Co.
  • GODO SHIGEN Co., Ltd.
  • Samrat Pharmachem Limited
  • Calibre Chemicals Pvt. Ltd.
  • Deepwater Chemicals
  • Eskay Iodine Pvt Ltd

Report Highlights

Key Market Indicators, Macro-micro economic impact analysis, Technological Roadmap, Key Trends, Driver, Restraints, and Future Opportunities & Revenue Pockets, Porter’s 5 Forces Analysis, Historical Trend (2019-2021), Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain)

FAQs : Iodine Market

The iodine market involves the production, distribution, and sale of iodine and its derivatives, which are used in various industries including pharmaceuticals, nutrition, healthcare, and electronics.

Iodine is used in the production of pharmaceuticals, X-ray contrast media, nutritional supplements, catalysts, biocides, and in various industrial processes such as LCD displays and semiconductor manufacturing.

Factors driving demand include increasing healthcare applications such as thyroid disorders treatment and diagnostic imaging, rising demand for nutritional iodine supplements, growth in electronics manufacturing, and expanding industrial applications.

Geopolitical factors such as changes in iodine production regulations, trade policies, and geopolitical tensions in major iodine-producing regions like Chile and Japan can affect global iodine supply and prices.

Major players in the iodine market include companies such as Iofina plc, SQM, ISE Chemicals Corporation, Godo Shigen Co., Ltd., and Iochem Corporation, as well as pharmaceutical companies and chemical manufacturers that utilize iodine in their products and processes.

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

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