Iodine Global Market Report 2025

Description

Iodine is a chemical element represented by the symbol "I" and has an atomic number of 53. It belongs to the halogen group in the periodic table, alongside elements such as fluorine, chlorine, bromine, and astatine. Iodine is widely used in various fields, including as a disinfectant, in the synthesis of thyroid hormones, in medical imaging, and as an additive in iodized salt to combat iodine deficiency.

The primary forms of iodine include inorganic salts and complexes, elemental and isotopic forms, and organic compounds. Inorganic salts are ionic compounds composed of inorganic cations and anions, such as sodium chloride (NaCl). Iodine is sourced from underground brines, seaweeds, caliche ore, and recycling. It serves numerous industries and applications, including pharmaceuticals, biocides, iodophors, X-ray contrast media, catalysts in polymer processing, optical polarizing films, human nutrition, fluorochemicals, animal feed, and other uses.

The iodine market research report is one of a series of new reports from The Business Research Company that provides iodine market statistics, including iodine industry global market size, regional shares, competitors with an iodine market share, detailed iodine market segments, market trends and opportunities, and any further data you may need to thrive in the iodine industry. This iodine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The iodine market size has grown strongly in recent years. It will grow from $2.71 billion in 2024 to $2.95 billion in 2025 at a compound annual growth rate (CAGR) of 8.87%. The growth observed during the historic period is primarily attributed to the rising demand in the medical sector, increased utilization in water treatment, expanding veterinary applications, heightened demand for biocides and disinfectants, and fluctuations in crude iodine prices.

The iodine market size is expected to see strong growth in the next few years. It will grow to $4.09 billion in 2029 at a compound annual growth rate (CAGR) of 8.50%. This forecasted growth is driven by increasing demand in the medical sector, greater use in water treatment, expanding veterinary applications, rising demand for biocides and disinfectants, and ongoing fluctuations in crude iodine prices. Key trends expected during the forecast period include advancements in membrane separation technologies, the development of smart disinfection and antimicrobial products, applications of nanotechnology and iodine nanoparticles, next-generation iodine-based pharmaceuticals, and innovations in iodine-enhanced LED and OLED technologies.

The growing prevalence of chronic diseases is anticipated to drive the expansion of the iodine market in the coming years. Chronic diseases, characterized by their long duration and gradual progression, include conditions such as thyroid disorders, cardiovascular diseases, and cancer. These conditions increase the demand for iodine due to its essential role in medical imaging, pharmaceutical applications, and dietary supplements aimed at prevention and management. Iodine supports thyroid function, regulates metabolism, boosts immune response, and reduces inflammation, contributing to improved overall health and disease resilience. For example, in January 2023, the National Library of Medicine projected that by 2050, 142.66 million Americans aged 50 and older would suffer from at least one chronic illness. This growing prevalence underscores the expanding demand for iodine in various health applications.

Leading companies in the iodine market are also innovating with products such as iodized salt to address iodine deficiencies and improve public health. Iodized salt, fortified with iodine, prevents deficiency-related health issues such as goiter and developmental disorders. For instance, in February 2022, Tata Consumer Products Limited launched Shuddh by Tata Salt, a premium iodized salt designed to provide high-quality, pure salt enriched with iodine to combat deficiencies in Indian households. The product reflects the company's commitment to enhancing public health by offering a reliable source of iodine and promoting better nutrition and overall well-being, especially in regions with widespread iodine deficiency.

In September 2024, Availity, a U.S.-based healthcare data and administrative network operator, announced a partnership with Iodine Software. This collaboration aims to integrate Iodine's machine learning capabilities into Availity Essentials Pro to optimize revenue cycle management for healthcare systems. The integration is expected to reduce revenue leakage and improve operational efficiency, demonstrating a forward-thinking approach to healthcare administration by both companies.

Major players in the iodine market are Sociedad Quimica y Minera de Chile S.A., MilliporeSigma, Albemarle Corporation, ACF Minera S.A., BASF SE, Nippoh Chemicals Co. Ltd., ISE Chemicals Corporation, Algorta Norte S.A., Godo Shigen Co. Ltd., Iofina plc, American Elements, Chemlock Metals Corporation, Iochem Corporation, Deepwater Chemicals Inc., Kanto Chemical Co. Inc., Eskay Iodine, Salvi Chemicals Industries Limited, Azer Yod LLC, SAGAR Life Sciences Private Limited, Junsei Chemical Co. Ltd.

Europe was the largest region in the iodine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in iodine report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the iodine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The iodine market consists of sales of products including iodized salt, antiseptics, thyroid medications, and photographic chemicals. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Iodine Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on iodine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for iodine ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The iodine market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Form: Inorganic Salts And Complexes; Elemental And Isotopes; Organic Compound
2) By Source: Underground Brines; Seaweeds; Caliche Ore; Recycling
3) By Application: Pharmaceuticals; Biocides; Iodophors; X-Ray Contrast Media; Catalyst In Polymer Processing; Optical Polarizing Films; Human Nutrition; Fluorochemicals; Animal Feed; Other Applications
Subsegments:
1) By Inorganic Salts And Complexes: Sodium Iodide; Potassium Iodide; Calcium Iodate
2) By Elemental And Isotopes: Elemental Iodine; Iodine-131; Iodine-123
3) By Organic Compound: Iodophors; Iodinated Contrast Media; Iodinated Organic Chemicals
Companies Mentioned: Sociedad Quimica y Minera de Chile S.A.; MilliporeSigma; Albemarle Corporation; ACF Minera S.A.; BASF SE
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r33788

1. Executive Summary

2. Iodine Market Characteristics

3. Iodine Market Trends And Strategies

4. Iodine Market - Macro Economic Scenario Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market

5. Global Iodine Growth Analysis And Strategic Analysis Framework

5.1. Global Iodine PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Iodine Market Growth Rate Analysis
5.4. Global Iodine Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Iodine Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Iodine Total Addressable Market (TAM)

6. Iodine Market Segmentation

6.1. Global Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Inorganic Salts And Complexes
Elemental And Isotopes
Organic Compound
6.2. Global Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Underground Brines
Seaweeds
Caliche Ore
Recycling
6.3. Global Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Pharmaceuticals
Biocides
Iodophors
X-Ray Contrast Media
Catalyst In Polymer Processing
Optical Polarizing Films
Human Nutrition
Fluorochemicals
Animal Feed
Other Applications
6.4. Global Iodine Market, Sub-Segmentation Of Inorganic Salts And Complexes, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Sodium Iodide
Potassium Iodide
Calcium Iodate
6.5. Global Iodine Market, Sub-Segmentation Of Elemental And Isotopes, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Elemental Iodine
Iodine-131
Iodine-123
6.6. Global Iodine Market, Sub-Segmentation Of Organic Compound, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Iodophors
Iodinated Contrast Media
Iodinated Organic Chemicals

7. Iodine Market Regional And Country Analysis

7.1. Global Iodine Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Iodine Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Iodine Market

8.1. Asia-Pacific Iodine Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Iodine Market

9.1. China Iodine Market Overview
9.2. China Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Iodine Market

10.1. India Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Iodine Market

11.1. Japan Iodine Market Overview
11.2. Japan Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Iodine Market

12.1. Australia Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Iodine Market

13.1. Indonesia Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Iodine Market

14.1. South Korea Iodine Market Overview
14.2. South Korea Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Iodine Market

15.1. Western Europe Iodine Market Overview
15.2. Western Europe Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Iodine Market

16.1. UK Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Iodine Market

17.1. Germany Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Iodine Market

18.1. France Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Iodine Market

19.1. Italy Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Iodine Market

20.1. Spain Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Iodine Market

21.1. Eastern Europe Iodine Market Overview
21.2. Eastern Europe Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Iodine Market

22.1. Russia Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Iodine Market

23.1. North America Iodine Market Overview
23.2. North America Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Iodine Market

24.1. USA Iodine Market Overview
24.2. USA Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Iodine Market

25.1. Canada Iodine Market Overview
25.2. Canada Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Iodine Market

26.1. South America Iodine Market Overview
26.2. South America Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Iodine Market

27.1. Brazil Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Iodine Market

28.1. Middle East Iodine Market Overview
28.2. Middle East Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Iodine Market

29.1. Africa Iodine Market Overview
29.2. Africa Iodine Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Iodine Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Iodine Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Iodine Market Competitive Landscape And Company Profiles

30.1. Iodine Market Competitive Landscape
30.2. Iodine Market Company Profiles
- 30.2.1. Sociedad Quimica y Minera de Chile S.A. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. MilliporeSigma Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. Albemarle Corporation Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. ACF Minera S.A. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. BASF SE Overview, Products and Services, Strategy and Financial Analysis

31. Iodine Market Other Major And Innovative Companies

31.1. Nippoh Chemicals Co. Ltd.
31.2. ISE Chemicals Corporation
31.3. Algorta Norte S.A.
31.4. Godo Shigen Co. Ltd.
31.5. Iofina plc
31.6. American Elements
31.7. Chemlock Metals Corporation
31.8. Iochem Corporation
31.9. Deepwater Chemicals Inc.
31.10. Kanto Chemical Co. Inc.
31.11. Eskay Iodine
31.12. Salvi Chemicals Industries Limited
31.13. Azer Yod LLC
31.14. SAGAR Life Sciences Private Limited
31.15. Junsei Chemical Co. Ltd.

32. Global Iodine Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Iodine Market

34. Recent Developments In The Iodine Market

35. Iodine Market High Potential Countries, Segments and Strategies

35.1 Iodine Market In 2029 - Countries Offering Most New Opportunities
35.2 Iodine Market In 2029 - Segments Offering Most New Opportunities
35.3 Iodine Market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer