Study papers on Iodine market and regional forecast. Iodine market players are Sociedad Química y Minera (Chile), Iofina (UK), ISE Chemicals Corporation (Japan), IOCHEM Corporation (US), Compañía de Salitre y Yodo (Chile), Algorta Norte SA (Chile), Nippoh Chemicals Co., Ltd (Japan), Kanto Natural Gas Development Co., Ltd (Japan), Toho Earthtech Co., Ltd (Japan), and Godo Shigen Co., Ltd (Japan),among others.
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Iodine market is estimated at USD 832.1 million in 2017 and is projected to reach USD 1,041.0 million by 2022, at a CAGR of 4.58% between 2017 and 2022.The market is witnessing growth due to the increasing use of iodine in optical polarizing films in LCD applications. Growing deficiency of iodine in developing countries and versatile applications of iodine such as in X-ray contrast media, fluorinated derivatives, and photography are some of the factors driving the market for iodine.
Recycling of iodine offers lucrative opportunities for the growth of the iodine market. Toxicity associated with consumption of iodine and its derivatives is a major factor restraining the growth of the market.
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Furthermore, fluctuation in the iodine prices arising due to the demand-supply gap is challenging the growth of the global iodine market globally.
- Regional Manufacturers’ Associations
- Raw Material Manufacturers (including companies involved in mining and extraction of iodine from caliche ore and underground brines respectively)
- Traders, Distributors, and Suppliers of Iodine
- Government and Regional Agencies and Research Organizations
The Asia Pacific region is estimated to be the fastest-growing market for iodine during the forecast period. The growth of the iodine market in Asia Pacific is because the region has favorable and cost-effective manufacturing environment, which facilitates increase in the display panel manufacturing capability of the electronics & telecommunication industry.
This provides strong incentives to smart phone vendors as well as TV and smart wearable device manufacturers to increase the adoption of LCD, thus bolstering the use of iodine in optical polarizing films in the region. Increasing awareness regarding the consumption of iodine in human and animal feed, large chemical manufacturing sector, and advancements in healthcare facilities are some of the factors responsible for the high growth rate of the iodine market in the Asia Pacific region.
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Recycling is estimated to be the fastest-growing segment of the iodine market during the forecast period (2017-2022). Recycling of iodine ensures its sustainable consumption, once all its sources are exhausted.
Furthermore, recycling saves the costs which are incurred while extracting fresh iodine from other sources. It also complies with several environmental regulations associated with disposal of inorganic waste.
Therefore, these factors are responsible for high growth in recycling of iodine in the near future.
Organic compounds is estimated to be the fastest-growing type segment of the iodine market during the forecast period (2017-2022).The widespread use of organic compounds of iodine as intermediate reagents in applications such as pharmaceutical formulations, pesticides, biocides, and dyes & pigments is responsible for its rapid growth rate.
2 Market Ranking of Key Players
3 Competetive Scnario
4 New Product Launch/ Development
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The report covers the iodine market and its applications across different industry verticals and regions. It aims at estimating the market size and future growth potential of this market across different segments, such as source, form, application, and region.
The report also includes an in-depth competitive analysis of the key market players along with their company profiles.
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