2-Iodophenol Market Size

2-Iodophenol Market size was over USD 34.26 billion in 2024 and is likely to exceed USD 68.72 billion by the end of 2037, growing at over 5.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of 2-iodophenol is evaluated at USD 35.77 billion. The market growth can be primarily driven by expansion of pharmaceutical sector in the recent times, providing lucrative opportunities for 2-Iodophenol. They are used as a substitute in the synthesis of numerous pharmaceutical compounds comprising drugs for cardiovascular diseases, antiviral agents and anti-inflammatory agents. Overall Pharmaceutical sector is expected to spend USD 1 trillion by the end of 2036. 

Furthermore, 2-Iodophenol is used in the production of commercial and industrial disinfectant which can regarded as an important factor driving the growth of the market. Therefore, increasing awareness all cross about cleanliness and proper hygiene is expected to drive the growth of the market during the forecast period.