The latest research study “Iodine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global iodine market size reached a value of US$ 897.2 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,246.30 Million by 2027, exhibiting a CAGR of 5.40% during 2022-2027.
Iodine (I2) is an element present in eggs, seaweed, dairy products, seafood, and vegetables. It is extensively used in making thyroid hormones thyroxine (T4) and triiodothyronine (T3) and aids in treating fibrocystic breast disease and mammary dysplasia. Nowadays, the consumption of I2-rich food products is escalating across the globe as it assists in regulating the metabolism and increasing the production of proteins.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Iodine Market Trends and Drivers:
One of the primary factors driving the market is the increasing number of individuals suffering from I2 deficiency.
Additionally, the growing pharmaceutical industry and the rising application of I2 for cleaning surfaces, skin soaps and purifying water are catalyzing the market growth. Furthermore, I2 is used to produce organic and inorganic chemicals, synthetic rubber, and ink, which is accelerating the product adoption rate.
Besides this, significant growth in the healthcare sector, the increasing health-consciousness among individuals and the rising demand for I2 in X-radiation imaging modalities, such as computed tomography (CT), are some of the other factors creating a positive market outlook.
Global Iodine Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Algorta Norte Sa, Calibre Chemicals Pvt. Ltd., Deepwater Chemicals Inc. (Toyota Tsusho Corporation), Eskay Iodine Pvt. Ltd., GODO SHIGEN Co. Ltd., Iochem Corporation, Iofina plc, Ise Chemicals Corporation (AGC Inc.), Nippoh Chemicals Co. Ltd., Protochem Industries Pvt. Ltd., Salvi Chemical Industries Ltd. and Sociedad Quimica y Minera de Chile S.A.
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The report has segmented the market on the basis of region, source, form and application.
Breakup by Source:
- Underground Brine
- Caliche Ore
Breakup by Form:
- Inorganic Salts and Complexes
- Organic Compounds
- Elementals and Isotopes
Breakup by Application:
- Animal Feed
- X-Ray Contrast Media
- Optical Polarizing Films
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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