Iodine Market: Global Growth Potential, Trends and Forecast 2027

The Global Iodine Market is expected to reach 48,146 metric tons by 2027, thanks to growth in the medical segment. The report analyzes Iodine market dynamics by region, sources, application, and form.

Global Iodine Market Overview:

The global iodine market was valued at 33,031.52 metric tons in 2020, and it is expected to reach 48,146 metric tons by 2027 with a CAGR of 5.53% during the forecast period. Iodine is a chemical compound that turns purple when it reacts with starch and is found in a variety of seaweed species. The salt content of brine is nearly identical to that of saltwater. Iodine and its compounds are required in several nutritional, medicinal, and industrial uses. At normal conditions, iodine is a non-metallic solid, and semi-lustrous, which melts to formed a deep violet liquid at 114 degrees Celsius and boils to form a violet gas at 184 degrees Celsius. Iodine is the heaviest nutrient in terms of mandatory minerals. Thyroid hormones require iodine to be synthesized. Around two billion individuals suffer from iodine deficiency, which is the biggest preventable cause of intellectual abnormalities. Iodine has also gained acceptance as a non-toxic radiocontrast material thanks to its high atomic number and ease of attaching it to organic molecules. Radioactive isotopes of iodine can also be implemented to treat thyroid cancer thanks to the specificity of their uptake by the human body. Iodine is also consumed as a catalyst in the manufacture of acetic acid and certain polymers in the industrial sector. Global Iodine Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered a base year however 2020's numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Global Iodine Market Dynamics:

Iodine – as an X-Ray Contrast Media: As the k-shell binding energy (k-edge) of iodine is 33.2 keV, which is similar to the typical energy of x-rays applied in diagnostic radiography 1, it has a distinct benefit as a contrast media. Photoelectric absorption is more likely when the incident x-ray energy is closer to the k-edge of the atom it hits. Iodinated contrast is an iodine-containing injectable radiocontrast drug that improves the visibility of vascular structures and organs during radiography operations. With iodinated contrast, some illnesses, such as cancer, become much more visible. Thus, the happening advancements in the medical field are expected to drive the iodine market growth during the forecast period. Iodine Deficiency: Iodine deficiency causes hypothyroidism in regions where there is little iodine in the diet, such as remote inland regions and semi-arid equatorial environments where no marine foods are consumed. Symptoms include extreme fatigue, goiter, mental slowing, depression, weight gain, and low basal body temperatures. Global Iodine Market Iodine deficiency is the major cause of preventable intellectual impairment, which occurs when a lack of the element causes hypothyroidism in newborns and small children. In wealthy countries, the addition of iodine to table salt has mostly eliminated the problem. Thus, the growing consumption of iodine as table salt globally to prevent health problems related to it is expected to drive the demand for iodine over the forecast period. Exposure to Iodine: Breathing, consumption, skin contact, and eye contact are all ways that people can be exposed to iodine at work. The regulatory limitation (Permissible exposure limit) for iodine exposure in the workplace has been set at 0.1 ppm (1 mg/m3) during an 8-hour workday by the Occupational Safety and Health Administration (OSHA). During an 8-hour workday, the National Institute for Occupational Safety and Health (NIOSH) has set a Recommended Exposure Level (REL) of 0.1 ppm (1 mg/m3). Iodine is immediately harmful to life and health at values of 2 ppm. Global Iodine Prices 2021: Global Iodine Market

Global Iodine Market Segment Analysis:

Based on the Source, the iodine market is segmented as, underground brine, caliche ore, recycling, and seaweeds. In 2020, the underground brine segment was dominant and held almost xx% of the overall market share in terms of revenue as it is the dominant source for iodine. Detailed information on each segment is covered in the MMR's report. Global Iodine MarketBased on Application, the iodine market is segmented as follows, medical, animal feeds, biocides, optical polarizing films, fluorochemicals, nylon, and others. In 2020, the medical segment was dominant and held almost xx% of the overall market in terms of revenue. This can be related to X-ray contrast media, medicines, iodophors, and povidone-iodine (disinfectants) are all examples of iodine applications. Because of its low toxicity, high atomic number, and ease of adjunction with organic molecules, iodine demand has risen in recent years because of the increased demand for X-ray contrast media. Also, iodine is incorporated in pharmaceuticals to make disinfectants, bactericides, and analgesics, among other things (for example, iodine tincture), as well as potassium iodide, sodium iodide, and iodine solution. Based on Form, the iodine market is segmented as follows, inorganic salts and complexes, organic compounds, and elemental and isotopes. In 2020, the inorganic salts and complexes segment was dominant and held almost xx% of the overall market in terms of revenue. Detailed information on each segment is covered in the MMR's report.

Global Iodine Market Regional Insights:

In 2020, the United States was dominant being the largest consumer of iodine and held xx% of the overall market share in terms of revenue. The pharmaceutical industry's contribution to the US economy is anticipated to rise from 40.32% in 2015 to almost 41% in 2020, according to the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA). Over the forecasted period, the country's growing senior population and growing demand for medical facilities for the treatment of chronic diseases are expected to promote the pharmaceutical sector's expansion and iodine consumption for medicine manufacture. With an approximate 214 million metric tonnes (MMT), the United States is the world's largest feed-producing nation, with cattle 61.09 MMT, broilers 48.525 MMT, and pigs 44.86 MMT as the major species. The United States, being the world's largest producer and second-largest exporter of poultry meat, has a significant demand for animal feed. Broilers, other chicken, turkey, beef, and pork are among the most popular poultry meats in the country. The poultry sector in the United States is significantly influenced by currency changes, trade talks, and economic growth in the importing market, with over 18% of total chicken production exported. The objective of the report is to present a comprehensive analysis of the market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global market dynamics, structure by analyzing the market segments and projecting the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market makes the report investor's guide.

Global Iodine Market Scope: Inquire before buying

Global Iodine Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 33,031.52 metric tons.
Forecast Period 2021 to 2027 CAGR: 5.53% Market Size in 2027: US $ 48,146 metric tons.
Segments Covered: by Source •  Underground brine • Caliche Ore • Recycling • Seaweeds
by Application •Animal Feeds • Medical • Biocides • Optical Polarizing Films • Fluorochemicals • Nylon • Others
by Form • Inorganic Salts and Complexes • Organic Compounds • Elementals and Isotopes

Global Iodine Market, by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Global Iodine Market Key Players

• SQM SA • Iochem Corporation • Cosayach • ISE Chemicals Corporation • Algorta Norte • Best Nomos • Calibre Chemicals • Tata Chemicals • Adani Pharmachem • Nippoh Chemicals Co. Ltd. • Toho Earthtech Co. Ltd. • Godo Shigen Co. Ltd. • Deepwater Chemicals • ACF Minera • Iofina PLC • Others

Frequently Asked Questions:

1. What is the forecast period considered for the Iodine market report? Ans. The forecast period for the global iodine market is 2021-2027. 2. Which key factors are hindering the growth of the Iodine market? Ans. The exposure of iodine during its production is the only key factor expected to hinder the growth of the market during the forecast period. 3. What is the compound annual growth rate (CAGR) of the Iodine market for the next 6 years? Ans. The global Iodine market is expected to grow at a CAGR of 5.53% during the forecast period (2021-2027). 4. What are the key factors driving the growth of the Iodine market? Ans. The increasing consumption of iodine in the medical sector and to prevention iodine related health problems across the globe is the factor expected to drive the growth of the market during the forecast period. 5. Which are the worldwide major key players covered in the Iodine market report? Ans. SQM SA, Iochem Corporation, Cosayach, ISE Chemicals Corporation, Algorta Norte, Best Nomos, Calibre Chemicals, Tata Chemicals, Adani Pharmachem, Nippoh Chemicals Co. Ltd., Toho Earthtech Co. Ltd., Godo Shigen Co. Ltd., Deepwater Chemicals, ACF Minera, Iofina PLC, and Others.
1. Global Iodine Market: Research Methodology 2. Global Iodine Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Iodine Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Iodine Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Iodine Market Segmentation 4.1. Global Iodine Market, by Source (2020-2027) • Underground brine • Caliche Ore • Recycling • Seaweeds 4.2. Global Iodine Market, by Application (2020-2027) • Animal Feeds • Medical • Biocides • Optical Polarizing Films • Fluorochemicals • Nylon • Others 4.3. Global Iodine Market, by Form (2020-2027) • Inorganic Salts and Complexes • Organic Compounds • Elementals and Isotopes 5. North America Iodine Market (2020-2027) 5.1. Global Iodine Market, by Source (2020-2027) • Underground brine • Caliche Ore • Recycling • Seaweeds 5.2. Global Iodine Market, by Application (2020-2027) • Animal Feeds • Medical • Biocides • Optical Polarizing Films • Fluorochemicals • Nylon • Others 5.3. Global Iodine Market, by Form (2020-2027) • Inorganic Salts and Complexes • Organic Compounds • Elementals and Isotopes 5.4. North America Iodine Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Iodine Market (2020-2027) 6.1. European Iodine Market, by Source (2020-2027) 6.2. European Iodine Market, by Application (2020-2027) 6.3. European Iodine Market, by Form (2020-2027) 6.4. European Iodine Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Iodine Market (2020-2027) 7.1. Asia Pacific Iodine Market, by Source (2020-2027) 7.2. Asia Pacific Iodine Market, by Application (2020-2027) 7.3. Asia Pacific Iodine Market, by Form (2020-2027) 7.4. Asia Pacific Iodine Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Iodine Market (2020-2027) 8.1. The Middle East and Africa Iodine Market, by Source (2020-2027) 8.2. The Middle East and Africa Iodine Market, by Application (2020-2027) 8.3. The Middle East and Africa Iodine Market, by Form (2020-2027) 8.4. The Middle East and Africa Iodine Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Iodine Market (2020-2027) 9.1. Latin America Iodine Market, by Source (2020-2027) 9.2. Latin America Iodine Market, by Application (2020-2027) 9.3. Latin America Iodine Market, by Form (2020-2027) 9.4. Latin America Iodine Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. SQM SA 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Iochem Corporation 10.3. Cosayach 10.4. ISE Chemicals Corporation 10.5. Algorta Norte 10.6. Best Nomos 10.7. Calibre Chemicals 10.8. Tata Chemicals 10.9. Adani Pharmachem 10.10. Nippoh Chemicals Co. Ltd. 10.11. Toho Earthtech Co. Ltd. 10.12. Godo Shigen Co. Ltd. 10.13. Deepwater Chemicals 10.14. ACF Minera 10.15. Iofina PLC 10.16. Others

About This Report

Report ID 6453
Category Material & Chemical
Published Date Nov 2019
Updated Date Nov 2021
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