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The market is expected to generate an incremental $ opportunity of US$ 466.7 Mn between 2022 and 2032
Iodine Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Iodine Market was worth US$ 101.2 Mn and is expected to grow at a CAGR of 4.7% over the forecast period. The market is expected to hit US$ 1,664.0 Mn by 2032 end.
The densest stable halogen is iodine, which is solid and has a rich, inky purple color. As it is found in many foods, such as dairy products, iodized salt, seaweed, eggs, fish, tuna, and other things, it is a highly important mineral for humans. Iodine assists in the regulation of various bodily processes and metabolism while also defending cells from poisonous and destructive chemical impacts.
The increase in people with low body iodine content in developing nations is one of the main reasons to fuel the iodine market’s growth during the projected period. Additionally, it is projected that using iodine in optical polarising films for LCD applications will further fuel the development of the iodine market. Additionally, it is predicted that the numerous benefits of iodine derivatives would temper the iodine market’s expansion.
Market Dynamic
IODINE DEFICIENCY IN HUMAN BEINGS WILL DRIVE THE MARKET GROWTH
The GDP of different nations is indirectly correlated with the expansion of the global iodine market. Iodine is widely employed in industrial applications, biocides, and human nutrition. To meet the demands of the expanding population, nations like North America, Latin America, and Asia-Pacific are generating iodine at enormous rates. This product will become more prevalent, and the iodine market will expand exponentially. The Global Iodine Market is increasing because of the rising frequency of iodine deficiency, a serious problem for people worldwide.
Government initiatives to expand the use of iodine in human nutrition and animal feed additives are some of the key drivers driving the global iodine market. Other prominent causes include the growing usage of iodine as X-ray contrast media and LED/LCD polarising films.
EXCESS INTAKE OF IODINE IS FATAL
Iodine excess can cause subclinical or overt thyroid dysfunction in people with certain risk factors, such as those who already have thyroid disease, the elderly, fetuses, and newborns. Depending on the underlying thyroid function, various people respond differently to excess iodine. Iodine poisoning can result in thyroiditis, hypothyroidism, hyperthyroidism, and thyroid papillary carcinoma.
Iodine poisoning brought on by oral intake can show symptoms in various intensities, from moderate to severe. Too much iodine can cause acneiform skin lesions, excessive salivation, gastrointestinal discomfort, and a brassy taste in the mouth.
Market Segments Covered in Report
By Source:
By Form:
By Application:
By Region and Country:
Segment-Wise Analysis
Which application segment is expected to dominate during the forecast period?
In 2021, the x-ray contrast media market segment dominated the iodine market. The development of medical technology has supported this sector’s expansion, and shortly, the iodine market will see a considerable increase in this area.
Region-Wise Analysis
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.
Competition Analysis
Technology introductions, acquisitions, and R&D initiatives are three required methods used by industry participants in the iodine sector. The top four firms account for nearly 70% of the analyzed consolidated market worldwide.
Some of the key developments that have taken place in the Iodine Market include:
A list of some of the key suppliers present in the market are:
Global Iodine Market 2022-2032: Report Coverage and Highlights
| Research Scope | Details |
| Forecast period | 2022-2032 |
| Historical data available for | 2017-2021 |
| Market analysis | USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032 |
| Key regions covered | North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa |
| Key countries covered | US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt |
| Key segments covered | By Source, Form, Application, and Region |
| Customization scope | Available upon Request |
| Pricing and purchase options | Available upon Request |
Market Size Data
Market Background
Pricing Analysis
Value Chain Analysis
Competition Analysis
Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.7%.
It is projected that using iodine in optical polarising films for LCD applications will fuel the development of the iodine market.
Major global Iodine Market players are Sociedad Química y Minera, Iofina, ISE Chemicals Corporation, IOCHEM Corporation, Compañía de Salitre y Yodo, Algorta Norte SA and ISR Holding.
Iodine market expansion is anticipated to be hampered by the toxicity associated with consuming iodine and its compounds.
The North America region is expected to account for the largest market revenue share in the Global Iodine market.
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