Iodine

Global Iodine Market to Reach US$2.6 Billion by 2030

The global market for Iodine estimated at US$2.1 Billion in the year 2024, is expected to reach US$2.6 Billion by 2030, growing at a CAGR of 3.9% over the analysis period 2024-2030. Caliche Ore, one of the segments analyzed in the report, is expected to record a 3.7% CAGR and reach US$1.2 Billion by the end of the analysis period. Growth in the Underground Brines segment is estimated at 4.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$561.2 Million While China is Forecast to Grow at 6.5% CAGR

The Iodine market in the U.S. is estimated at US$561.2 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$540.3 Million by the year 2030 trailing a CAGR of 6.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.1% and 3.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.

Global Iodine Market - Key Trends & Drivers Summarized

What Roles Does Iodine Play in Modern Applications?

Iodine, a vital trace element, is indispensable across various sectors due to its unique properties. It is predominantly used in medical applications, such as in the production of radiographic contrast media and antiseptics. Beyond healthcare, iodine is essential in the manufacturing of pharmaceuticals and dietary supplements. In the industrial realm, iodine serves critical functions in the production of catalysts, stabilizers, and pigments. Its ability to form stable compounds under different conditions makes iodine a versatile element, contributing to its sustained demand in global markets.

How Have Technological Advances Enhanced Iodine Utilization?

Technological innovations have significantly expanded the utilization of iodine. Improved extraction and purification techniques have increased the availability and quality of iodine, reducing production costs and environmental impact. Advances in iodine chemistry have led to the development of new compounds and applications, particularly in organic synthesis and analytical chemistry. In agriculture, iodine-based disinfectants and nutritional supplements are gaining popularity due to their efficacy and safety. Additionally, the use of iodine in advanced medical diagnostics and treatments has been bolstered by technological advancements, making it a critical component in modern healthcare.

What Are the Current Trends in Iodine Consumption?

Current trends in iodine consumption reflect its broadening applications and rising demand. There is a growing focus on the use of iodine in health and nutrition, driven by increasing awareness of iodine deficiency and its health implications. The pharmaceutical industry continues to be a significant consumer of iodine, particularly for the production of antiseptics, antibiotics, and thyroid medications. The use of iodine in animal feed supplements is also on the rise, promoting better health and productivity in livestock. Furthermore, the electronics industry is emerging as a significant consumer of iodine, particularly in the manufacturing of LCD screens and other advanced electronic components.

What Factors Are Driving the Growth in the Iodine Market?

The growth in the iodine market is driven by several factors. Firstly, the increasing prevalence of iodine deficiency disorders has led to heightened demand for iodine supplements and fortified foods. Secondly, the expanding use of iodine in medical diagnostics and treatments is a major growth driver. The pharmaceutical industry`s reliance on iodine for various drugs and antiseptics also significantly contributes to market growth. Additionally, the agriculture sector`s adoption of iodine-based products to enhance animal health and crop yield is boosting demand. The electronics industry`s growing need for iodine in manufacturing advanced components is another critical factor. Lastly, ongoing research and development aimed at discovering new applications and improving extraction techniques continue to foster market expansion, underscoring the robust growth trajectory of the iodine market.

SCOPE OF STUDY:

The report analyzes the Iodine market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Source (Caliche Ore, Underground Brines, Seaweeds, Recycling); Form (Organic Compounds, Inorganic Salts & Complexes, Elemental & Isotopes); Application (X-Ray Contrast Media, Pharmaceuticals, Optical Polarization Films, Industrial Catalyst, Iodophores, Animal Feed, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 31 Featured) -

• Ajay-SQM Group
• Algorta Norte
• COSAYACH Compañía de Salitre y Yodo
• Deepwater Chemicals, Inc.
• IOCHEM Corporation
• Iofina plc
• Ise Chemicals Corporation
• Kanto Natural Gas Development Co., Ltd.
• Nippoh Chemicals Co., Ltd.
• Sociedad Quimica Y Minera de Chile S.A.
• Sociedad Quimica Y Minerva de Chile S.A.
• Toyota Tsusho Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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