Iodine Market In US 2024-2028
The iodine market in US is forecasted to grow by USD 58.59 mn during 2023-2028, accelerating at a CAGR of 4.62% during the forecast period. The report on the iodine market in US 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 growth of smartphone industry in US, rising usage of iodine in X-ray and CT scan procedures, and widespread adoption of iodine in chemical industries as catalyst.
Technavio's iodine market in US is segmented as below:
By Source
- Underground brine
- Caliche ore
By Form Factor
- Organic compounds
- Inorganic salts and complexes
- Elementals and isotopes
By Application
- Medical
- Optical polarizing films
- Fluorochemicals
- Biocides
- Others
This study identifies the increasing adoption of recycling process of iodine as one of the prime reasons driving the iodine market in US growth during the next few years. Also, rise in number of iodine mining brines in US and growing use of iodine in nutrition and dietary supplements will lead to sizable demand in the market.
The report on the iodine market in US covers the following areas:
- Iodine market in US sizing
- Iodine market in US forecast
- Iodine market in US 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 in US vendors that include AGC Inc., Ajay Europe SARL, Algorta Norte SA, American Elements, Calibre Chemicals Pvt. Ltd., Deepwater Chemicals Inc., Iochem Corp., Iofina Plc, K and O Iodine Co. Ltd., KIVA Holding, Inc., Nippoh Chemicals Co. Ltd., Sociedad Quimica y Minera de Chile SA, and Spectrum Laboratory Products Inc.. Also, the iodine market in US 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.