Iodine Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2032

Description

The Iodine Market report by Persistence Market Research provides a comprehensive analysis of market dynamics, growth factors, challenges, and emerging trends from the period 2024 to 2031. It offers insights into the current state and future outlook of the Iodine Market.

The global iodine market is projected to grow at a compound annual growth rate (CAGR) of 5.7% from USD 850 million in 2024 to USD 1.3 billion by 2031.

Key Insights:

Estimated Market Size (2024): USD 850 Million
Projected Market Size (2031): USD 1.3 Billion
Global Market Growth Rate (CAGR 2024 to 2031): 5.7%

Iodine Market - Report Scope:

Iodine is a chemical element widely used in various industrial applications, including pharmaceuticals, nutrition, healthcare, and electronics. The report outlines key drivers behind the growing demand for iodine, including its essential role in thyroid function, increasing use in X-ray contrast media, and applications in LCD displays and catalysts.

Market Growth Drivers:

The market's growth is propelled by several factors. Firstly, the growing prevalence of thyroid disorders, iodine deficiency disorders (IDDs), and thyroid-related diseases worldwide drives demand for iodine supplements, iodized salt, and pharmaceutical formulations containing iodine compounds. Additionally, the expanding application scope of iodine in diagnostics, disinfectants, and antiseptics in the healthcare sector fosters market growth. Moreover, the increasing use of iodine in the production of LCD panels, polarizing films, and other electronic components for smartphones, tablets, and TVs drives demand for high-purity iodine and iodine derivatives in the electronics industry.

Market Restraints:

Despite the positive outlook, the Iodine Market faces certain challenges. Factors such as geopolitical tensions, trade disputes, and regulatory uncertainties may impact iodine production, supply chain logistics, and market dynamics, influencing pricing trends and investment decisions in the iodine industry. Moreover, environmental concerns, sustainability initiatives, and regulatory compliance requirements related to iodine mining, processing, and waste management pose challenges to industry stakeholders in terms of resource management, pollution control, and community relations. Additionally, fluctuations in raw material prices, currency exchange rates, and energy costs may affect the profitability and competitiveness of iodine producers and end-users, influencing market dynamics and investment decisions.

Market Opportunities: The Iodine Market offers significant opportunities for innovation and market expansion. Manufacturers can focus on developing novel iodine compounds, formulations, and applications for emerging markets such as biotechnology, renewable energy, and advanced materials. For instance, iodine-based catalysts and reagents find applications in pharmaceutical synthesis, polymer manufacturing, and organic chemistry reactions, driving demand for iodine in specialty chemicals and fine chemicals industries. Moreover, strategic collaborations, partnerships, and investments in research and development enable companies to explore new applications, improve production efficiency, and expand market reach in key geographic regions and customer segments. Furthermore, investments in iodine recycling, recovery, and reuse technologies contribute to resource conservation, environmental sustainability, and circular economy principles in the iodine industry.

Key Questions Addressed in the Report:

What is the Expected CAGR of the Iodine Market from 2024 to 2031?
What are the Key Factors Driving the Growth of the Iodine Market?
Which Application Segment Holds the Largest Market Share in the Iodine Market?
Who are the Key Players in the Global Iodine Market?
What Strategies are Adopted by Leading Companies to Stay Competitive in the Iodine Market?

Competitive Landscape and Business Strategies:

Key players in the Iodine Market include SQM (Sociedad Quimica y Minera de Chile S.A.), Iofina plc, ISE Chemical Corporation, Godo Shigen Co., Ltd., and Cosayach Compania de Salitre y Yodo S.A., among others. These companies focus on vertical integration, product diversification, and geographic expansion to maintain a competitive edge in the market. For instance, SQM is a leading producer of iodine and iodine derivatives, with integrated operations spanning lithium, potassium, and specialty plant nutrition products. Market players also invest in sustainability initiatives, community engagement, and corporate social responsibility (CSR) programs to enhance brand reputation, regulatory compliance, and stakeholder relations in the iodine industry.

Key Companies Profiled:

Iochem Corporation
Iofina Chemical, Inc.
Sociedad Quimica y Minera (SQM)
ISR Holding
Qingdao Bright Moon Seaweed Group Co., Ltd.
Algorta Norte S.A.
ISE Chemicals Corporation
Kanto Natural Gas Development Co., Ltd.
Godo Shigen Co., Ltd.
Nippoh Chemicals Co., Ltd.
Salvi Chemicals Industries Ltd.
Toho Earthtech Co., Ltd.
K&O Iodine Co. Ltd.
ACF Minera S.A.
Deepwater Chemicals
Kansar Khazar Co.
Agh Altin Chem Co.
Godo Shigen Co., Ltd.
Samrat Pharmachem Limited
Calibre Chemicals Pvt. Ltd.
Deepwater Chemicals
Eskay Iodine Pvt. Ltd.
Amphray Laboratories
Proto Chemicals Industries
Vishal Laboratories

Iodine Market Segmentation:

By Source Type:

Natural Brines
Nitrite Ores
Others (Seaweeds)

By Application:

X-ray Contrast Media
Catalysts
Biocides
LED/LCD Polarizing Films
Feed Additives
Human Nutrition
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia and Pacific
Middle East and Africa

Product Code: PMRREP3591

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies

5. Global Market Demand Analysis 2019-2023 and Forecast, 2024-2032

5.1. Historical Market Volume (Tons) Analysis, 2019-2023
5.2. Current and Future Market Volume (Tons) Projections, 2024-2032
5.3. Y-o-Y Growth Trend Analysis

6. Global Market - Pricing Analysis

6.1. Regional Pricing Analysis By Source
6.2. Global Average Pricing Analysis Benchmark

7. Global Market Demand (in Value or Size in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2032

7.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
7.2. Current and Future Market Value (US$ Mn) Projections, 2024-2032
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.3. Value Chain Analysis
- 8.3.1. Product Manufacturers
- 8.3.2. Distributors
- 8.3.3. Probable End Users
- 8.3.4. Average Profitability Margin
8.4. COVID-19 Crisis - Impact Assessment
- 8.4.1. Current Statistics
- 8.4.2. Short-Mid-Long Term Outlook
- 8.4.3. Likely Rebound
8.5. Market Dynamics
- 8.5.1. Drivers
- 8.5.2. Restraints
- 8.5.3. Opportunity Analysis
8.6. Global Supply Demand Analysis

9. Global Market Analysis 2019-2023 and Forecast 2024-2032, By Source

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Source, 2019-2023
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Source, 2024-2032
- 9.3.1. Natural Brines
- 9.3.2. Nitrite Ores
- 9.3.3. Others (Seaweeds)
9.4. Market Attractiveness Analysis By Source

10. Global Market Analysis 2019-2023 and Forecast 2024-2032, By Application

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2019-2023
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2024-2032
- 10.3.1. X-Ray Contrast Media
- 10.3.2. Catalysts
- 10.3.3. Biocides
- 10.3.4. LED/LCD Polarizing Films
- 10.3.5. Feed Additives
- 10.3.6. Human Nutrition
- 10.3.7. Others
10.4. Market Attractiveness Analysis By Application

11. Global Market Analysis 2019-2023 and Forecast 2024-2032, By Region

11.1. Introduction
11.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2019-2023
11.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2024-2032
- 11.3.1. North America
- 11.3.2. Latin America
- 11.3.3. Europe
- 11.3.4. East Asia
- 11.3.5. South Asia and Pacific
- 11.3.6. Middle East & Africa
11.4. Market Attractiveness Analysis By Region

12. North America Market Analysis 2019-2023 and Forecast 2024-2032

12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
12.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2032
- 12.3.1. By Country
  - 12.3.1.1. U.S.
  - 12.3.1.2. Canada
- 12.3.2. By Source
- 12.3.3. By Application
12.4. Market Attractiveness Analysis
- 12.4.1. By Country
- 12.4.2. By Source
- 12.4.3. By Application

13. Latin America Market Analysis 2019-2023 and Forecast 2024-2032

13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
13.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2032
- 13.3.1. By Country
  - 13.3.1.1. Brazil
  - 13.3.1.2. Mexico
  - 13.3.1.3. Rest of Latin America
- 13.3.2. By Source
- 13.3.3. By Application
13.4. Market Attractiveness Analysis
- 13.4.1. By Country
- 13.4.2. By Source
- 13.4.3. By Application

14. Europe Market Analysis 2019-2023 and Forecast 2024-2032

14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2032
- 14.4.1. By Country
  - 14.4.1.1. Germany
  - 14.4.1.2. Italy
  - 14.4.1.3. France
  - 14.4.1.4. U.K.
  - 14.4.1.5. Spain
  - 14.4.1.6. BENELUX
  - 14.4.1.7. Nordics
  - 14.4.1.8. Poland
  - 14.4.1.9. Russia
  - 14.4.1.10. Rest of Europe
- 14.4.2. By Source
- 14.4.3. By Application
14.5. Market Attractiveness Analysis
- 14.5.1. By Country
- 14.5.2. By Source
- 14.5.3. By Application

15. South Asia and Pacific Market Analysis 2019-2023 and Forecast 2024-2032

15.1. Introduction
15.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
15.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2032
- 15.3.1. By Country
  - 15.3.1.1. India
  - 15.3.1.2. ASEAN
  - 15.3.1.3. Oceania
  - 15.3.1.4. Rest of South Asia & Pacific
- 15.3.2. By Source
- 15.3.3. By Application
15.4. Market Attractiveness Analysis
- 15.4.1. By Country
- 15.4.2. By Source
- 15.4.3. By Application

16. East Asia Market Analysis 2019-2023 and Forecast 2024-2032

16.1. Introduction
16.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
16.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2032
- 16.3.1. By Country
  - 16.3.1.1. China
  - 16.3.1.2. Japan
  - 16.3.1.3. South Korea
- 16.3.2. By Source
- 16.3.3. By Application
16.4. Market Attractiveness Analysis
- 16.4.1. By Country
- 16.4.2. By Source
- 16.4.3. By Application

17. Middle East and Africa Market Analysis 2019-2023 and Forecast 2024-2032

17.1. Introduction
17.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
17.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2032
- 17.3.1. By Country
  - 17.3.1.1. GCC Countries
  - 17.3.1.2. Turkiye
  - 17.3.1.3. Northern Africa
  - 17.3.1.4. South Africa
  - 17.3.1.5. Rest of Middle East and Africa
- 17.3.2. By Source
- 17.3.3. Use Class
17.4. Market Attractiveness Analysis
- 17.4.1. By Country
- 17.4.2. By Source
- 17.4.3. By Application
17.5. PEST Analysis

18. Country Wise Market Analysis 2024-2032

18.1. U.S. Market Analysis
- 18.1.1. By Source
- 18.1.2. By Application
18.2. Canada Market Analysis
- 18.2.1. By Source
- 18.2.2. By Application
18.3. Mexico Market Analysis
- 18.3.1. By Source
- 18.3.2. By Application
18.4. Brazil Market Analysis
- 18.4.1. By Source
- 18.4.2. By Application
18.5. Germany Market Analysis
- 18.5.1. By Source
- 18.5.2. By Application
18.6. Italy Market Analysis
- 18.6.1. By Source
- 18.6.2. By Application
18.7. France Market Analysis
- 18.7.1. By Source
- 18.7.2. By Application
18.8. U.K. Market Analysis
- 18.8.1. By Source
- 18.8.2. By Application
18.9. Spain Market Analysis
- 18.9.1. By Source
- 18.9.2. By Application
18.10. Russia Market Analysis
- 18.10.1. By Source
- 18.10.2. By Application
18.11. Poland Market Analysis
- 18.11.1. By Source
- 18.11.2. By Application
18.12. China Market Analysis
- 18.12.1. By Source
- 18.12.2. By Application
18.13. Japan Market Analysis
- 18.13.1. By Source
- 18.13.2. By Application
18.14. S. Korea Market Analysis
- 18.14.1. By Source
- 18.14.2. By Application
18.15. India Market Analysis
- 18.15.1. By Source
- 18.15.2. By Application
18.16. ASEAN Market Analysis
- 18.16.1. By Source
- 18.16.2. By Application
18.17. Australia and New Zealand Market Analysis
- 18.17.1. By Source
- 18.17.2. By Application
18.18. GCC Market Analysis
- 18.18.1. By Source
- 18.18.2. By Application
18.19. Turkiye Market Analysis
- 18.19.1. By Source
- 18.19.2. By Application
18.20. South Africa Market Analysis
- 18.20.1. By Source
- 18.20.2. By Application

19. Market Structure Analysis

19.1. Market Analysis By Tier of Companies (Iodine)
19.2. Market Share Analysis of Top Players
19.3. Production Capacity of Top Players
19.4. Top Players Production Capacity Expansion Plans
19.5. Market Presence Analysis
- 19.5.1. By Source
- 19.5.2. By Application
- 19.5.3. By Application
- 19.5.4. By Regional Footprint

20. Competition Analysis

20.1. Competition Dash Application
20.2. Competition Benchmarking
20.3. Competition Deep Dive
- 20.3.1. Iochem Corporation
  - 20.3.1.1. Overview
  - 20.3.1.2. Product Portfolio
  - 20.3.1.3. Sales Footprint
  - 20.3.1.4. Strategy Overview
- 20.3.2. Iofina Chemical, Inc.
  - 20.3.2.1. Overview
  - 20.3.2.2. Product Portfolio
  - 20.3.2.3. Sales Footprint
  - 20.3.2.4. Strategy Overview
- 20.3.3. Sociedad Quimica y Minera (SQM)
  - 20.3.3.1. Overview
  - 20.3.3.2. Product Portfolio
  - 20.3.3.3. Sales Footprint
  - 20.3.3.4. Strategy Overview
- 20.3.4. ISR Holding
  - 20.3.4.1. Overview
  - 20.3.4.2. Product Portfolio
  - 20.3.4.3. Sales Footprint
  - 20.3.4.4. Strategy Overview
- 20.3.5. Qingdao Bright Moon Seaweed Group Co.,Ltd.
  - 20.3.5.1. Overview
  - 20.3.5.2. Product Portfolio
  - 20.3.5.3. Sales Footprint
  - 20.3.5.4. Strategy Overview
- 20.3.6. Algorta Norte S.A
  - 20.3.6.1. Overview
  - 20.3.6.2. Product Portfolio
  - 20.3.6.3. Sales Footprint
  - 20.3.6.4. Strategy Overview
- 20.3.7. ISE Chemicals Corporation
  - 20.3.7.1. Overview
  - 20.3.7.2. Product Portfolio
  - 20.3.7.3. Sales Footprint
  - 20.3.7.4. Strategy Overview
- 20.3.8. Kanto Natural Gas Development Co., Ltd
  - 20.3.8.1. Overview
  - 20.3.8.2. Product Portfolio
  - 20.3.8.3. Sales Footprint
  - 20.3.8.4. Strategy Overview
- 20.3.9. Godo Shigen Co., Ltd
  - 20.3.9.1. Overview
  - 20.3.9.2. Product Portfolio
  - 20.3.9.3. Sales Footprint
  - 20.3.9.4. Strategy Overview
- 20.3.10. Nippoh Chemicals Co., Ltd
  - 20.3.10.1. Overview
  - 20.3.10.2. Product Portfolio
  - 20.3.10.3. Sales Footprint
  - 20.3.10.4. Strategy Overview
- 20.3.11. Salvi Chemicals Industries Ltd
  - 20.3.11.1. Overview
  - 20.3.11.2. Product Portfolio
  - 20.3.11.3. Sales Footprint
  - 20.3.11.4. Strategy Overview
- 20.3.12. Toho Earthtech Co., Ltd
  - 20.3.12.1. Overview
  - 20.3.12.2. Product Portfolio
  - 20.3.12.3. Sales Footprint
  - 20.3.12.4. Strategy Overview
- 20.3.13. k&o iodine co. ltd
  - 20.3.13.1. Overview
  - 20.3.13.2. Product Portfolio
  - 20.3.13.3. Sales Footprint
  - 20.3.13.4. Strategy Overview
- 20.3.14. ACF Minera S.A
  - 20.3.14.1. Overview
  - 20.3.14.2. Product Portfolio
  - 20.3.14.3. Sales Footprint
  - 20.3.14.4. Strategy Overview
- 20.3.15. Deepwater Chemicals
  - 20.3.15.1. Overview
  - 20.3.15.2. Product Portfolio
  - 20.3.15.3. Sales Footprint
  - 20.3.15.4. Strategy Overview
- 20.3.16. Kansar khazar co
  - 20.3.16.1. Overview
  - 20.3.16.2. Product Portfolio
  - 20.3.16.3. Sales Footprint
  - 20.3.16.4. Strategy Overview
- 20.3.17. Agh Altin Chem Co.
  - 20.3.17.1. Overview
  - 20.3.17.2. Product Portfolio
  - 20.3.17.3. Sales Footprint
  - 20.3.17.4. Strategy Overview
- 20.3.18. GODO SHIGEN Co., Ltd.
  - 20.3.18.1. Overview
  - 20.3.18.2. Product Portfolio
  - 20.3.18.3. Sales Footprint
  - 20.3.18.4. Strategy Overview
- 20.3.19. Samrat Pharmachem Limited
  - 20.3.19.1. Overview
  - 20.3.19.2. Product Portfolio
  - 20.3.19.3. Sales Footprint
  - 20.3.19.4. Strategy Overview
- 20.3.20. Calibre Chemicals Pvt. Ltd.
  - 20.3.20.1. Overview
  - 20.3.20.2. Product Portfolio
  - 20.3.20.3. Sales Footprint
  - 20.3.20.4. Strategy Overview
- 20.3.21. Deepwater Chemicals
  - 20.3.21.1. Overview
  - 20.3.21.2. Product Portfolio
  - 20.3.21.3. Sales Footprint
  - 20.3.21.4. Strategy Overview
- 20.3.22. Eskay Iodine Pvt Ltd
  - 20.3.22.1. Overview
  - 20.3.22.2. Product Portfolio
  - 20.3.22.3. Sales Footprint
  - 20.3.22.4. Strategy Overview