Global Iodine Market 2024-2028
The iodine market is forecasted to grow by USD 252.26 mn during 2023-2028, accelerating at a CAGR of 4.66% during the forecast period. The report on the iodine market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growth of the smartphone industry, the huge availability of iodine reserves, and the high volume consumption of iodine in x-ray contrast media.
Technavio's iodine market is segmented as below:
By Application
- XR contrast media
- Pharmaceuticals
- LCD and LED screens
- Nutrition
- Others
By Source
- Caliche ore
- Underground brines
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the increase in advancements in extraction technologies and purification of iodine as one of the prime reasons driving the iodine market growth during the next few years. Also, the rising adoption of recycling of iodine and the flourishing global medical tourism industry will lead to sizable demand in the market.
The report on the iodine market covers the following areas:
- Iodine market sizing
- Iodine market forecast
- Iodine market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading iodine market vendors that include Adani Pharmachem Pvt. Ltd., Algorta Norte SA, Calibre Chemicals Pvt. Ltd., Cosayach, Eskay Iodine Pvt. Ltd., GODO SHIGEN Co. Ltd., Infinium Pharmachem Pvt. Ltd., Iochem Corp., Iofina Plc, ISE Chemicals Corp., K and O Iodine Co. Ltd., Mitsubishi Gas Chemical Co. Inc., Nippoh Chemicals Co. Ltd., Samrat Pharmachem Ltd., Sociedad Quimica y Minera de Chile SA, Solvay SA, Spectrum Laboratory Products Inc., Celtic Chemicals Ltd., Glide Chem Pvt. Ltd., and Salvi Chemical Industries Ltd.. Also, the iodine market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.