Asia Pacific Iodine Derivatives Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Potassium Iodate, Calcium Iodate, Sodium Iodate, Ethylenediamine Dihydroiodide, Potassium Iodide, Copp

Asia Pacific Iodine Derivatives Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Potassium Iodate, Calcium Iodate, Sodium Iodate, Ethylenediamine Dihydroiodide, Potassium Iodide, Copper Iodide, Silver Iodide, Ferrous Iodide, Povidone Iodine, and Others), Application [Pharmaceutical, Food (Animal Feed and Human Nutrition), Paints and Coatings, Agriculture, Chemical, Water Treatment, Nylon, LCD / Polarizing Films, and Others]

The Asia Pacific iodine derivatives market is expected to grow from US$ 317.56 million in 2023 and is projected to reach US$ 540.49 million by 2031; it is expected to register a CAGR of 6.9% from 2023 to 2031.

Iodine derivatives are integral in the production of various chemicals. A group of iodine derivatives, known as organoiodine compounds, are used as intermediates in large-scale production of pesticides and disinfectants, and soil fumigants. The chemicals industry is proliferating in several Asia Pacific countries. China is a frontrunner in chemical production, particularly fundamental chemicals. According to the Information Technology & Innovation Foundation, the country accounted for 44% of global chemical production and 46% of the total capital investment in 2022. Various Chinese companies are making efforts to gain a competitive advantage in fine chemicals. At the same time, they are raising their investments in research and development to become more innovative, with the government providing significant support. According to the Organisation for Economic Co-Operation and Development (OECD), China led the world economy in 2020 with 29.1% of chemicals industry value-added output, up from 3.8% in 1995. In Japan, the chemicals industry is the second largest manufacturing industry. India also has a highly diversified chemicals industry, with its ability to manufacture more than 80,000 products and employ more than 2 million people. As per the India Brand Equity Foundation, the country ranks 6th and 3rd among the largest producers of chemicals in the world and Asia, respectively; the industry contributes 7% to India's GDP. Rising demand for chemical intermediates from industries such as personal care, home care, and food processing further propels the progress of different segments in the specialty chemicals market in India. Therefore, the strong growth of the chemicals industry is expected to offer significant growth opportunities for the growth of the Asia Pacific iodine derivatives market.

A few key players operating in the Asia Pacific iodine derivatives market are AJAY SQM; Nanjing Taiye Chemical Industry Co., Ltd.; Silverline Chemicals; Infinium Pharmachem Limited; Calibre Chemicals Pvt Ltd; Amphray Laboratories; Samrat Pharmachem Limited; TOHO EARTHTECH, INC; ISE CHEMICALS CORPORATION; and Tai'an Hanwei Group Co., Ltd. Players operating in the market are highly focused on developing high-quality and innovative product offerings to fulfill customers' requirements.

The overall Asia Pacific iodine derivatives market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants, such as valuation experts, research analysts, and key opinion leaders—specializing in the Asia Pacific iodine derivatives market.

Reasons to Buy

Progressive industry trends in the Asia Pacific iodine derivatives market to help players develop effective long-term strategies
Business growth strategies adopted by developed and developing markets
Quantitative analysis of the Asia Pacific iodine derivatives market from 2021 to 2031
Estimation of the demand for iodine derivatives across various industries
Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
Recent developments to understand the competitive market scenario and the demand for iodine derivatives across the Asia Pacific.
Market trends and outlook coupled with factors driving and restraining the growth of the Asia Pacific iodine derivatives market.
Decision-making process by understanding strategies that underpin commercial interest concerning the Asia Pacific iodine derivatives market growth
The Asia Pacific iodine derivatives market size at various nodes of market
Detailed overview and segmentation of the Asia Pacific iodine derivatives market as well as its dynamics in the industry
The Asia Pacific iodine derivatives market size in different regions with promising growth opportunities