The report is titled ‘Iodine Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the iodine market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The iodine market is expected to grow at a significant rate in the near future.
The global iodine market in 2020 is estimated for more than US$ 1,327.7 Mn and expected to reach a value of US$ 1,917.1 Mn by 2028 with a significant CAGR of 4.7%.
Iodine Market Definition
Iodine is known to be the heaviest essential mineral nutrient, which is very important for the synthesis of thyroid hormones. As its deficiency is capable of causing intellectual disabilities along with goiter. Iodine possesses a specific nature that eases its attachment to organic compounds; because of which its uptake by the human body is able to treat thyroid cancer. It is also used as a catalyst, in a number of industries, for the production of acetic acid and some polymers. It is also essential and beneficial for heart patients and for people suffering from low eyesight problems.
Iodine Market Dynamics
The increasing production of Iodine in the Asia Pacific region coupled with the increasing awareness about iodine deficiency in children and adults is increasing the growth of this market, globally. The iodine market is also affected by the growing GDP of the countries across the globe, as it is widely being employed in the production of biocides, applications in human nutrition, and other industrial usages.
The global iodine market is expected to increase at a significant CAGR over the forecast period owing to the increasing consumer awareness about healthy mind and body and growing applications of iodine as x-ray contrast media and LED or LCD polarizing films. In addition, supportive government's initiation to educate low class, poor people with the importance of iodine and other essential minerals in the diet is also fuelling the growth of this market.
Iodine Market Key Players
The global iodine market is mainly dominated by Algorta Norte S.A, IOCHEM Corporation, Iofina Chemical Inc., ISR Holding, Quingdao Brightmoon Seaweed Group Co. Ltd., and SQM.
Iodine Market Segmentation
The global iodine market is segmented on the basis of source, application, and region.
On the basis of source, the global iodine market can be segmented into natural brines, nitrite ores, and others. On the basis of application, the global iodine market can be segmented into x-ray contrast media, catalysts, biocides, LED/LCD polarizing films, human nutrition, feed additives, and others.
Iodine Market Regional Overview & Analysis
On the basis of region, the global iodine market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America iodine market is expected to be the most dominating market throughout the forecast period. Availability of key players and increasing healthcare expenditures by the government in the region are some of the revenue-boosting factors.
MMC Overview on Iodine Market Report
The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the Iodine market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth include (but not restricted to):
• New product designs and launches
• Current product compliance
• Reimbursement
• Concerns for use of Iodine
• Advantages of Iodine
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at the regional level and in major countries globally for providing regional insights into the product segment in the report. This helps our clients to make an informed decision.
A mix of top-down and bottom-up approach is followed to arrive at and validate our market value estimations. For a product segment wherein one/two manufacturer(s) dominates the market, its product sales, previous growth rates, and market expansion plans are considered to generate market share in the global market.
1. Global Iodine Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Iodine Market Overview
2.1. Introduction
2.1.1. Market Definition
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Iodine Market Snapshot
2.4. Global Iodine Market Size And Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Iodine Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Key Regulations
2.7. Porter’s Five Forces Model
3. Global Iodine Market, By Source
3.1. Introduction
3.1.1. Annual Growth Rate Comparison, By Source
3.1.2. BPS Analysis, By Source
3.2. Market Revenue (US$Mn) and Volume (Tons) Forecast, By Source
3.2.1. Natural Brines
3.2.2. Nitrite Ores
3.2.3. Others
3.3. Global Iodine Market Attractiveness Index, By Source
4. Global Iodine Market, By Application
4.1. Introduction
4.1.1. Annual Growth Rate Comparison, By Application
4.1.2. BPS Analysis, By Application
4.2. Market Revenue (US$Mn) and Volume (Tons) Forecast, By Application
4.2.1. X-Ray Contrast Media
4.2.2. Catalysts
4.2.3. Biocides
4.2.4. LED/LCD Polarizing Films
4.2.5. Human Nutrition
4.2.6. Feed Additives
4.2.7. Others
4.3. Global Iodine Market Attractiveness Index, By Application
5. Global Iodine Market, By Region
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Region
5.1.2. BPS Analysis, By Region
5.2. Market Revenue (US$Mn) and Volume (Tons) Forecast, By Region
5.2.1. North America
5.2.2. Latin America
5.2.3. Europe
5.2.4. Asia Pacific
5.2.5. Middle East
5.2.6. Africa
5.3. Global Iodine Market Attractiveness Index, By Region
6. North America Iodine Market Analysis and Forecast, 2020–2028
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Country
6.1.2. BPS Analysis, By Country
6.2. Market Revenue (US$Mn) and Volume (Tons) Forecast, By Country
6.2.1. U.S. Iodine Market
6.2.2. Canada Iodine Market
6.3. North America Iodine Market, By Source
6.3.1. Natural Brines
6.3.2. Nitrite Ores
6.3.3. Others
6.4. North America Iodine Market, By Application
6.4.1. X-Ray Contrast Media
6.4.2. Catalysts
6.4.3. Biocides
6.4.4. LED/LCD Polarizing Films
6.4.5. Human Nutrition
6.4.6. Feed Additives
6.4.7. Others
6.5. North America Iodine Market Attractiveness Index
6.5.1. By Country
6.5.2. By Source
6.5.3. By Application
7. Latin America Iodine Market Analysis and Forecast, 2020–2028
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Country
7.1.2. BPS Analysis, By Country
7.2. Market (US$Mn) and Volume (Tons) Forecast, By Country
7.2.1. Brazil Iodine Market
7.2.2. Mexico Iodine Market
7.2.3. Argentina Iodine Market
7.2.4. Rest Of Latin America Iodine Market
7.3. Latin America Iodine Market, By Source
7.3.1. Natural Brines
7.3.2. Nitrite Ores
7.3.3. Others
7.4. Latin America Iodine Market, By Application
7.4.1. X-Ray Contrast Media
7.4.2. Catalysts
7.4.3. Biocides
7.4.4. LED/LCD Polarizing Films
7.4.5. Human Nutrition
7.4.6. Feed Additives
7.4.7. Others
7.5. Latin America Iodine Market Attractiveness Index
7.5.1. By Country
7.5.2. By Source
7.5.3. By Application
8. Europe Iodine Market Analysis and Forecast, 2020–2028
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Country
8.1.2. BPS Analysis, By Country
8.2. Market (US$Mn) and Volume (Tons) Forecast, By Country
8.2.1. U.K. Iodine Market
8.2.2. Germany Iodine Market
8.2.3. Italy Iodine Market
8.2.4. France Iodine Market
8.2.5. Spain Iodine Market
8.2.6. Russia Iodine Market
8.2.7. Poland Iodine Market
8.2.8. BENELUX Iodine Market
8.2.9. NORDIC Iodine Market
8.2.10. Rest of Europe Iodine Market
8.3. Europe Iodine Market, By Source
8.3.1. Natural Brines
8.3.2. Nitrite Ores
8.3.3. Others
8.4. Europe Iodine Market, By Application
8.4.1. X-Ray Contrast Media
8.4.2. Catalysts
8.4.3. Biocides
8.4.4. LED/LCD Polarizing Films
8.4.5. Human Nutrition
8.4.6. Feed Additives
8.4.7. Others
8.5. Europe Iodine Market Attractiveness Index
8.5.1. By Country
8.5.2. By Source
8.5.3. By Application
9. Asia Pacific Iodine Market Analysis and Forecast, 2020–2028
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Country
9.1.2. BPS Analysis, By Country
9.2. Market (US$Mn) and Volume (Tons) Forecast, By Country
9.2.1. China Iodine Market
9.2.2. India Iodine Market
9.2.3. Japan Iodine Market
9.2.4. Australia And New Zealand Iodine Market
9.2.5. South Korea Iodine Market
9.2.6. ASEAN Iodine Market
9.2.7. Rest of Asia Pacific Iodine Market
9.3. Asia Pacific Iodine Market, By Source
9.3.1. Natural Brines
9.3.2. Nitrite Ores
9.3.3. Others
9.4. Asia Pacific Iodine Market, By Application
9.4.1. X-Ray Contrast Media
9.4.2. Catalysts
9.4.3. Biocides
9.4.4. LED/LCD Polarizing Films
9.4.5. Human Nutrition
9.4.6. Feed Additives
9.4.7. Others
9.5. Asia Pacific Iodine Market Attractiveness Index
9.5.1. By Country
9.5.2. By Source
9.5.3. By Application
10. Middle East Iodine Market, By Region
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market (US$Mn) and Volume (Tons) Forecast, By Country
10.2.1. GCC Countries Iodine Market
10.2.2. Israel Iodine Market
10.2.3. Oman Iodine Market
10.2.4. Rest Of Middle East Iodine Market
10.3. Middle East Iodine Market, By Source
10.3.1. Natural Brines
10.3.2. Nitrite Ores
10.3.3. Others
10.4. Middle East Iodine Market, By Application
10.4.1. X-Ray Contrast Media
10.4.2. Catalysts
10.4.3. Biocides
10.4.4. LED/LCD Polarizing Films
10.4.5. Human Nutrition
10.4.6. Feed Additives
10.4.7. Others
10.5. Middle East Iodine Market Attractiveness Index
10.5.1. By Country
10.5.2. By Source
10.5.3. By Application
11. Africa Iodine Market, By Region
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market (US$Mn) and Volume (Tons) Forecast, By Country
11.2.1. South Africa Iodine Market
11.2.2. Egypt Iodine Market
11.2.3. North Africa Iodine Market
11.2.4. Rest Of Africa Iodine Market
11.3. Africa Iodine Market, By Source
11.3.1. Natural Brines
11.3.2. Nitrite Ores
11.3.3. Others
11.4. Africa Iodine Market, By Application
11.4.1. X-Ray Contrast Media
11.4.2. Catalysts
11.4.3. Biocides
11.4.4. LED/LCD Polarizing Films
11.4.5. Human Nutrition
11.4.6. Feed Additives
11.4.7. Others
11.5. Africa Iodine Market Attractiveness Index
11.5.1. By Country
11.5.2. By Source
11.5.3. By Application
12. Recommendation
12.1. Market Strategy
13. Competitive Landscape
13.1. Competition Dashboard
13.2. List and Company Overview of Global Key Players
13.3. Company Profiles
13.3.1. Algorta Norte S.A
13.3.1.1. Company Overview
13.3.1.2. Financial Overview
13.3.1.3. Product Portfolio
13.3.1.4. Key Developments
13.3.1.5. Business Strategies
13.3.2. IOCHEM Corporation
13.3.3. Iofina Chemical Inc.
13.3.4. ISR Holding
13.3.5. Quingdao Brightmoon Seaweed Group Co. Ltd.
13.3.6. SQM
14. Acronyms
Frequently Asked Questions
What is the projected market size & Compound Annual Growth Rate (CAGR) of the market?
The global iodine market in 2020 is estimated for more than US$ 1,327.7 Mn and expected to reach a value of US$ 1,917.1 Mn by 2028 with a significant CAGR of 4.7%.
What are the key factors driving the growth of market?
The increasing production of Iodine in the Asia Pacific region coupled with the increasing awareness about iodine deficiency in children and adults is increasing the growth of this market, globally.
What segments are covered in market report?
The global iodine market is segmented on the basis of source, application, and region.
What are the key participating players in the market?
The global iodine market is mainly dominated by Algorta Norte S.A, IOCHEM Corporation, Iofina Chemical Inc., ISR Holding, Quingdao Brightmoon Seaweed Group Co. Ltd., and SQM.
