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Iodine Market Trends

  • Report ID: 6422
  • Published Date: Sep 12, 2024
  • Report Format: PDF, PPT

Global Iodine Market

 

  1. An Outline of the Global Iodine Market
    1. Study Objective
    2. Market Definition
    3. Market Segmentation 
  2. Assumptions and Abbreviations
  3. Research Methodology & Approach
    1. Research Process
    2. Primary Research
      1. Manufacturers
      2. End Users
    3. Secondary Research
    4. SPSS Methodology
    5. Market Size Estimation 
  4. Executive Summary 
  5. Market Opportunities
  6. Growth Drivers
  7. Major Roadblocks
  8. Government Regulation: How they would aid business?
  9. Comparative Analysis of the Current Technologies
  10. Up-Coming Technologies
  11. Growth Outlook
  12. Risk Analysis
  13. SWOT
  14. Application Analysis
  15. Regional Demand
  16. Recent News
  17. Domestic Market Analysis-Japan
  18. End User Analysis of Iodine Market
  19. Analysis on Manufacturers of Iodine in Market
  20. Analysis on Production of Iodine w.r.t Regions
  21. Analysis on Iodine Derivatives
  22. Prevalent Trends
  23. Root Cause Analysis
  24. Competitive Positioning
  25. Competitive Landscape: A Detailed Inside View for Investors
    1. Market Share of Major Companies Profiled, 2023
    2. Business Profile of Key Enterprise
      1. Algorta Norte
      2. Calibre Chemicals Pvt. Ltd
      3. Cosayach
      4. Deep Water Chemicals
      5. Eskay Iodine
      6. Glide Chem Private Limited
      7. Iochem Corporation
      8. Iofina
      9. ISE Chemicals Corporation
      10. Itochu Chemical Frontier Corporation
      11. K&O Energy Group Inc.
      12. Sociedad Quimica y Minera de Chile SA
    3. Business Profile of Key Japanese Enterprise
      1. Nippon Chemical Industrial Co.
      2. Tosoh Corporation
      3. Godos Chemicals
      4. Mitsubishi Gas Chemical Company
      5. Wako Pure Chemical Industries
  26. Global Iodine Market Outlook
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. Global Iodine Market Segmentation Analysis (2024-2037)
      1. By Source
        1. Underground Brines, Market Value (USD Million), and CAGR, 2024-2037F
        2. Seaweeds, Market Value (USD Million), and CAGR, 2024-2037F
        3. Caliche Ore, Market Value (USD Million), and CAGR, 2024-2037F
        4. Recycling, Market Value (USD Million), and CAGR, 2024-2037F
      2. By Form
        1. Inorganic Salts, Market Value (USD Million), and CAGR, 2024-2037F
        2. Iodine Complexes, Market Value (USD Million), and CAGR, 2024-2037F
        3. Iodine Elemental, Market Value (USD Million), and CAGR, 2024-2037F
        4. Iodine Isotopes, Market Value (USD Million), and CAGR, 2024-2037F
        5. Organic Compound, Market Value (USD Million), and CAGR, 2024-2037F
      3. By Application
        1. Pharmaceuticals, Market Value (USD Million), and CAGR, 2024-2037F
        2. Biocides, Market Value (USD Million), and CAGR, 2024-2037F
        3. Iodophors, Market Value (USD Million), and CAGR, 2024-2037F
        4. X-Ray Contrast Media, Market Value (USD Million), and CAGR, 2024-2037F
        5. Catalyst in Polymer Processing, Market Value (USD Million), and CAGR, 2024-2037F
        6. Optical Polarizing Films, Market Value (USD Million), and CAGR, 2024-2037F
        7. Human Nutrition, Market Value (USD Million), and CAGR, 2024-2037F
        8. Others, Market Value (USD Million), and CAGR, 2024-2037F
      4. By Region
        1. North America, Market Value (USD Million), and CAGR, 2024-2037F
        2. Europe Market Value (USD Million) and CAGR, 2024-2037F
        3. Asia Pacific Excluding Japan Market Value (USD Million) and CAGR, 2024-2037F
        4. Japan Market Value (USD Million) and CAGR, 2024-2037F
        5. Latin America Market Value (USD Million) and CAGR, 2024-2037F
        6. Middle East and Africa Market Value (USD Million) and CAGR, 2024-2037F
        7. Cross Analysis of Form W.R.T. Application (USD Million), 2024-2037
    4. North America Iodine Market Outlook
      1. Market Overview
      2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
      3. North America Iodine Market Segmentation Analysis (2024-2037)
        1. By Source
          1. Underground Brines, Market Value (USD Million), and CAGR, 2024-2037F
          2. Seaweeds, Market Value (USD Million), and CAGR, 2024-2037F
          3. Caliche Ore, Market Value (USD Million), and CAGR, 2024-2037F
          4. Recycling, Market Value (USD Million), and CAGR, 2024-2037F
        2. By Form
          1. Inorganic Salts, Market Value (USD Million), and CAGR, 2024-2037F
          2. Iodine Complexes, Market Value (USD Million), and CAGR, 2024-2037F
          3. Iodine Elemental, Market Value (USD Million), and CAGR, 2024-2037F
          4. Iodine Isotopes, Market Value (USD Million), and CAGR, 2024-2037F
          5. Organic Compound, Market Value (USD Million), and CAGR, 2024-2037F
        3. By Application
          1. Pharmaceuticals, Market Value (USD Million), and CAGR, 2024-2037F
          2. Biocides, Market Value (USD Million), and CAGR, 2024-2037F
          3.  
          4. Iodophors, Market Value (USD Million), and CAGR, 2024-2037F
          5. X-Ray Contrast Media, Market Value (USD Million), and CAGR, 2024-2037F
          6. Catalyst in Polymer Processing, Market Value (USD Million), and CAGR, 2024-2037F
          7. Optical Polarizing Films, Market Value (USD Million), and CAGR, 2024-2037F
          8. Human Nutrition, Market Value (USD Million), and CAGR, 2024-2037F
          9. Others, Market Value (USD Million), and CAGR, 2024-2037F
        4. By Country
          1. US, Market Value (USD Million) and CAGR, 2024-2037F
          2. Canada, Market Value (USD Million) and CAGR, 2024-2037F
          3. Cross Analysis of Form W.R.T. Application (USD Million), 2024-2037
    5. Europe Iodine Market Outlook
      1. Market Overview
      2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
      3. Europe Iodine Market Segmentation Analysis (2024-2037)
        1. By Source
          1. Underground Brines, Market Value (USD Million), and CAGR, 2024-2037F
          2. Seaweeds, Market Value (USD Million), and CAGR, 2024-2037F
          3. Caliche Ore, Market Value (USD Million), and CAGR, 2024-2037F
          4. Recycling, Market Value (USD Million), and CAGR, 2024-2037F
        2. By Form
          1. Inorganic Salts, Market Value (USD Million), and CAGR, 2024-2037F
          2. Iodine Complexes, Market Value (USD Million), and CAGR, 2024-2037F
          3. Iodine Elemental, Market Value (USD Million), and CAGR, 2024-2037F
          4. Iodine Isotopes, Market Value (USD Million), and CAGR, 2024-2037F
          5. Organic Compound, Market Value (USD Million), and CAGR, 2024-2037F
        3. By Application
          1. Pharmaceuticals, Market Value (USD Million), and CAGR, 2024-2037F
          2. Biocides, Market Value (USD Million), and CAGR, 2024-2037F
          3.  
          4. Iodophors, Market Value (USD Million), and CAGR, 2024-2037F
          5. X-Ray Contrast Media, Market Value (USD Million), and CAGR, 2024-2037F
          6. Catalyst in Polymer Processing, Market Value (USD Million), and CAGR, 2024-2037F
          7. Optical Polarizing Films, Market Value (USD Million), and CAGR, 2024-2037F
          8. Human Nutrition, Market Value (USD Million), and CAGR, 2024-2037F
          9. Others, Market Value (USD Million), and CAGR, 2024-2037F
        4. By Country
          1. UK, Market Value (USD Million) and CAGR, 2024-2037F
          2. Germany, Market Value (USD Million) and CAGR, 2024-2037F
          3. France, Market Value (USD Million) and CAGR, 2024-2037F
          4. Italy, Market Value (USD Million) and CAGR, 2024-2037F
          5. Spain, Market Value (USD Million) and CAGR, 2024-2037F
          6. BENELUX , Market Value (USD Million) and CAGR, 2024-2037F
          7. Poland, Market Value (USD Million) and CAGR, 2024-2037F
          8. Russia, Market Value (USD Million) and CAGR, 2024-2037F
          9. Rest of Europe, Market Value (USD Million) and CAGR, 2024-2037F
          10. Cross Analysis of Form W.R.T. Application (USD Million), 2024-2037
    6. Asia Pacific excluding Japan Iodine Market Outlook
      1. Market Overview
      2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
      3. Asia Pacific excluding Japan Iodine Market Segmentation Analysis (2024-2037)
        1. By Source
          1. Underground Brines, Market Value (USD Million), and CAGR, 2024-2037F
          2. Seaweeds, Market Value (USD Million), and CAGR, 2024-2037F
          3. Caliche Ore, Market Value (USD Million), and CAGR, 2024-2037F
          4. Recycling, Market Value (USD Million), and CAGR, 2024-2037F
        2. By Form
          1. Inorganic Salts, Market Value (USD Million), and CAGR, 2024-2037F
          2. Iodine Complexes, Market Value (USD Million), and CAGR, 2024-2037F
          3. Iodine Elemental, Market Value (USD Million), and CAGR, 2024-2037F
          4. Iodine Isotopes, Market Value (USD Million), and CAGR, 2024-2037F
          5. Organic Compound, Market Value (USD Million), and CAGR, 2024-2037F
        3. By Application
          1. Pharmaceuticals, Market Value (USD Million), and CAGR, 2024-2037F
          2. Biocides, Market Value (USD Million), and CAGR, 2024-2037F
          3. Iodophors, Market Value (USD Million), and CAGR, 2024-2037F
          4. X-Ray Contrast Media, Market Value (USD Million), and CAGR, 2024-2037F
          5. Catalyst in Polymer Processing, Market Value (USD Million), and CAGR, 2024-2037F
          6. Optical Polarizing Films, Market Value (USD Million), and CAGR, 2024-2037F
          7. Human Nutrition, Market Value (USD Million), and CAGR, 2024-2037F
          8. Others, Market Value (USD Million), and CAGR, 2024-2037F
        4. By Country
          1. China, Market Value (USD Million) and CAGR, 2024-2037F
          2. India, Market Value (USD Million) and CAGR, 2024-2037F
          3. ASEAN, Market Value (USD Million) and CAGR, 2024-2037F
          4. South Korea, Market Value (USD Million) and CAGR, 2024-2037F
          5. Australia , Market Value (USD Million) and CAGR, 2024-2037F
          6. New Zealand, Market Value (USD Million) and CAGR, 2024-2037F
          7. Rest of Asia Pacific excluding Japan, Market Value (USD Million), and CAGR, 2024-2037F
          8. Cross Analysis of Form W.R.T. Application (USD Million), 2024-2037
    7. Japan Iodine Market Outlook
      1. Market Overview
      2. Market Revenue by Value (USD Million), & Volume (Million in Tons) and Compound Annual Growth Rate (CAGR)
      3. Japan Iodine Market Segmentation Analysis (2024-2037)
        1. By Source
          1. Underground Brines, Market Value (USD Million), and CAGR, 2024-2037F
          2. Seaweeds, Market Value (USD Million), and CAGR, 2024-2037F
          3. Caliche Ore, Market Value (USD Million), and CAGR, 2024-2037F
          4. Recycling, Market Value (USD Million), and CAGR, 2024-2037F
        2. By Form
          1. Inorganic Salts, Market Value (USD Million), and CAGR, 2024-2037F
          2. Iodine Complexes, Market Value (USD Million), and CAGR, 2024-2037F
          3. Iodine Elemental, Market Value (USD Million), and CAGR, 2024-2037F
          4. Iodine Isotopes, Market Value (USD Million), and CAGR, 2024-2037F
          5. Organic Compound, Market Value (USD Million), and CAGR, 2024-2037F
        3. By Application
          1. Pharmaceuticals, Market Value (USD Million), and CAGR, 2024-2037F
          2. Biocides, Market Value (USD Million), and CAGR, 2024-2037F
          3.  
          4. Iodophors, Market Value (USD Million), and CAGR, 2024-2037F
          5. X-Ray Contrast Media, Market Value (USD Million), and CAGR, 2024-2037F
          6. Catalyst in Polymer Processing, Market Value (USD Million), and CAGR, 2024-2037F
          7. Optical Polarizing Films, Market Value (USD Million), and CAGR, 2024-2037F
          8. Human Nutrition, Market Value (USD Million), and CAGR, 2024-2037F
          9. Others, Market Value (USD Million), and CAGR, 2024-2037F
          10. Cross Analysis of Form W.R.T. Application (USD Million), 2024-2037
    8. Latin America Iodine Market Outlook
      1. Market Overview
      2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
      3. Latin America Iodine Market Segmentation Analysis (2024-2037)
        1. By Source
          1. Underground Brines, Market Value (USD Million), and CAGR, 2024-2037F
          2. Seaweeds, Market Value (USD Million), and CAGR, 2024-2037F
          3. Caliche Ore, Market Value (USD Million), and CAGR, 2024-2037F
          4. Recycling, Market Value (USD Million), and CAGR, 2024-2037F
        2. By Form
          1. Inorganic Salts, Market Value (USD Million), and CAGR, 2024-2037F
          2. Iodine Complexes, Market Value (USD Million), and CAGR, 2024-2037F
          3. Iodine Elemental, Market Value (USD Million), and CAGR, 2024-2037F
          4. Iodine Isotopes, Market Value (USD Million), and CAGR, 2024-2037F
          5. Organic Compound, Market Value (USD Million), and CAGR, 2024-2037F
        3. By Form
          1. Pharmaceuticals, Market Value (USD Million), and CAGR, 2024-2037F
          2. Biocides, Market Value (USD Million), and CAGR, 2024-2037F
          3.  
          4. Iodophors, Market Value (USD Million), and CAGR, 2024-2037F
          5. X-Ray Contrast Media, Market Value (USD Million), and CAGR, 2024-2037F
          6. Catalyst in Polymer Processing, Market Value (USD Million), and CAGR, 2024-2037F
          7. Optical Polarizing Films, Market Value (USD Million), and CAGR, 2024-2037F
          8. Human Nutrition, Market Value (USD Million), and CAGR, 2024-2037F
          9. Others, Market Value (USD Million), and CAGR, 2024-2037F
        4. By Country
          1. Brazil, Market Value (USD Million) and CAGR, 2024-2037F
          2. Argentina, Market Value (USD Million) and CAGR, 2024-2037F
          3. Mexico, Market Value (USD Million) and CAGR, 2024-2037F
          4. Rest of Latin America, Market Value (USD Million) and CAGR, 2024-2037F
          5. Cross Analysis of Form W.R.T. Application (USD Million), 2024-2037
    9. Middle East & Africa Iodine Market Outlook
      1. Market Overview
      2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
      3. Middle East & Africa Iodine Market Segmentation Analysis (2024-2037)
        1. By Source
          1. Underground Brines, Market Value (USD Million), and CAGR, 2024-2037F
          2. Seaweeds, Market Value (USD Million), and CAGR, 2024-2037F
          3. Caliche Ore, Market Value (USD Million), and CAGR, 2024-2037F
          4. Recycling, Market Value (USD Million), and CAGR, 2024-2037F
        2. By Form
          1. Inorganic Salts, Market Value (USD Million), and CAGR, 2024-2037F
          2. Iodine Complexes, Market Value (USD Million), and CAGR, 2024-2037F
          3. Iodine Elemental, Market Value (USD Million), and CAGR, 2024-2037F
          4. Iodine Isotopes, Market Value (USD Million), and CAGR, 2024-2037F
          5. Organic Compound, Market Value (USD Million), and CAGR, 2024-2037F
        3. By Application
          1. Pharmaceuticals, Market Value (USD Million), and CAGR, 2024-2037F
          2. Biocides, Market Value (USD Million), and CAGR, 2024-2037F
          3.  
          4. Iodophors, Market Value (USD Million), and CAGR, 2024-2037F
          5. X-Ray Contrast Media, Market Value (USD Million), and CAGR, 2024-2037F
          6. Catalyst in Polymer Processing, Market Value (USD Million), and CAGR, 2024-2037F
          7. Optical Polarizing Films, Market Value (USD Million), and CAGR, 2024-2037F
          8. Human Nutrition, Market Value (USD Million), and CAGR, 2024-2037F
          9. Others, Market Value (USD Million), and CAGR, 2024-2037F
        4. By Country
          1. GCC, Market Value (USD Million) and CAGR, 2024-2037F
          2. Israel, Market Value (USD Million) and CAGR, 2024-2037F
          3. South Africa, Market Value (USD Million) and CAGR, 2024-2037F
          4. Rest of Middle East & Africa, Market Value (USD Million) and CAGR, 2024-2037F
          5. Cross Analysis of Form W.R.T. Application (USD Million), 2024-2037
  27. Global Economic Scenario
  28. About Research Nester

Iodine Market Trends

Growth Drivers:

  • Healthcare Demand: Iodine has marked applications in medical imaging technologies, including X-ray contrast media and radiography. The increasing prevalence of chronic diseases, such as cancer and cardiovascular conditions, will spur the demand due to the need for diagnostic imaging. For example, in June 2022, GE Healthcare reached an agreement with Sociedad Química y Minera de Chile to create a secure supply of iodine necessary for contrast media so that supplies may be consistently available to healthcare providers. The growing adoption of telehealth and diagnosis from remote areas fosters the demand for iodine-based imaging solutions.
  • Agricultural Applications: The use of iodine in agriculture has gained prominence, especially with biofortification. Research and studies have identified various beneficial effects of iodine on plant growth and nutritional enhancement. In 2022, a study showed that iodine-enriched fertilizers have advantages in generating better yields from iodine-deficient regions. Hence, this trend may accelerate iodine demand in the agricultural sector during the decade. Programs implemented by different organizations, including the Global Alliance for Improved Nutrition, point to iodine as an important factor in improving food security.
  • Demand from chemical industries: Iodine is used as a catalyst in the manufacture of synthetic rubber and all kinds of polymers. Demand for iodine in the chemical field has been growing adequately due to the processing and production of polymers. One of the major developments in April 2024 was from Iofina, announcing a hike in iodine production capacity by 15% to ensure industrial demand keeps growing. The expansion is in line with the growing demand for value-added materials in the automotive and electronics industries.

Challenges:  

  • Environmental regulations: The main factor hindering market growth is strict environmental regulations over the extraction and handling of iodine, especially radioactive iodine. In 2023, the EPA in the United States laid down new regulations to impose much tighter controls on the emissions of iodine. These substantially raised operational costs for manufacturers. Complying with very strict environmental regulations requires considerable investments, which limits the adoption of new technologies and processes.
  • Price volatility: Another factor that has impacted the growth of the iodine market is its price volatility. In 2023, prices for iodine went up by 30%, reaching USD 61 per kilogram, supported by the shortage in its supply from major producing countries such as Chile. Such unpredictability carries with it risks of long-term contracts and hampers manufacturing companies dependent on a predictable price.

Iodine Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

5%

Base Year Market Size (2024)

USD 3.6 billion

Forecast Year Market Size (2037)

USD 6.8 billion

Regional Scope
  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Rajrani Baghel


  • Report ID: 6422
  • Published Date: Sep 12, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In 2024, the industry size of iodine was USD 3.6 billion.

The global iodine market size is estimated to reach USD 3.6 billion in 2024 and is projected to reach USD 6.8 billion by the end of 2037, rising at a CAGR of 5.0% during the forecast period, i.e., 2025-2037. In 2025, the industry size of iodine will be valued at USD 3.8 billion.

Key players in the market are Axis Communications AB, Teledyne FLIR LLC, InfraTec GmbH, Leonardo DRS, Princeton Infrared Technologies, Inc., SATIR, Konica Minolta, Inc., Seek Thermal Inc., Sierra-Olympia Tech., Synectics plc., and InfiRay.

The caliche ore segment is expected to dominate the iodine market during the forecast period.

Europe is expected to present significant expansion opportunities to players in the iodine sector in the coming years.
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