About Iodine
The global iodine market is driven by the increasing demand for iodine in the healthcare sector, particularly for diagnostic imaging and pharmaceutical applications, as well as its essential role in addressing iodine deficiency in food fortification. The rising prevalence of chronic diseases, coupled with advancements in medical technologies, fuels the demand for iodine-based contrast media. However, the market faces challenges such as fluctuating raw material prices, limited iodine production sources, and stringent regulations. Opportunities lie in the expansion of iodine applications in niche industries, such as electronics and energy storage, as well as the development of innovative iodine formulations. Additionally, growing awareness of iodine's importance in nutrition and the exploration of new extraction methods present avenues for market growth in the coming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.2% |
Analyst at AMA Research estimates that Japanese Vendors will contribute the maximum growth to Global Iodine market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SQM S.A. (Chile), Mitsui & Co., Ltd. (Japan), Kishine Chemical Group Co., Ltd. (China), Sociedad Chilena de Yodo S.A. (Chile), Compass Minerals International, Inc. (United States), SQM do Brasil Ltda. (Brazil), Yodobrom Ltd. (Israel), IOCHEM (United States), Nippoh Chemicals (Japan) and Kanto Natural (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Iodine market by and Region.
On the basis of geography, the market of Iodine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Organic Compounds will boost the Iodine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Application, the sub-segment i.e. X-ray Contrast Media will boost the Iodine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Caliche Ore will boost the Iodine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising prevalence of chronic diseases, driving the need for iodine in medical diagnostics
Market Growth Drivers:
Increasing demand for iodine in healthcare applications, particularly in diagnostic imaging and pharmaceuticals and Growing awareness and initiatives to address iodine deficiency through food fortification
Challenges:
Competition and market saturation in traditional iodine applications
Restraints:
Fluctuating raw material prices, affecting production costs and market stability and Limited sources of iodine production, with the majority derived from specific regions
Opportunities:
Expansion of iodine applications in emerging industries and high-growth markets. and Increasing global awareness of iodine's importance in nutrition, creating opportunities for fortification.
Key Target Audience
Manufacturers, Retailers and Distributors and Research Institutes
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.