Iodine research report comprises the current size and trends with assessment. It also provides with different types of product segments of the global market. Furthermore, the Iodine market research report gives in-depth information about the overall market and various product segments and their growth trends.
The report "Iodine Market by Source (Caliche Ore, Underground Brines), Form(organic compounds, Inorganic Salts, Elemental & Isotopes), Application(X-ray contrast media, Pharmaceuticals, Optical Polarizing Films), and Region - Global Forecast to 2022",
The global 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 use in applications such as X-ray contrast media, fluorinated derivatives, and photography are some of the factors driving the market for iodine.
The objectives of the study are:
- To analyze and forecast the global iodine market, in terms of value and volume
- To provide detailed information about the key growth factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
- To analyze and forecast the size of the market on the basis of source, form, and application
- To estimate and forecast the market size on the basis of six regions, namely, Western Europe, Central & Eastern Europe, Asia Pacific, North America, Middle East & Africa, and South America
- To estimate and forecast the iodine market at country-level in each of the regions
- To analyze the market opportunities and competitive landscape of the market
- To analyze competitive developments such as new product launches & developments, expansions, mergers & acquisitions, and joint ventures & partnerships in the iodine market
- To strategically identify and profile key market players and analyze their core competencies
Top Key players in this research are - Sociedad Química y Minera (SQM) (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).
“Caliche ore: The largest source of iodine”
Caliche ore was the largest source for iodine extraction in 2016. The large share of caliche ore is because mining of iodine from caliche ore is less cumbersome and less capital intensive in comparison to its extraction from underground brines and seaweeds.
Furthermore, the iodine mined from caliche ore contains more concentration (ppm) of iodine as compared to other extraction sources.
“Organic Compounds: The largest form segment of the iodine market”
Organic compounds was the largest segment of the iodine market, by form in 2016. The large market share of organic compounds is due to their extensive use in pharmaceutical formulations, as additives in animal feed, and as pesticides and soil fumigants for agricultural purposes.
They are also used as catalyst for many chemical syntheses. Thus, the above factors are responsible for making organic compounds the largest market for iodine, by form globally.
“X-ray contrast media: The largest application of iodine”
X-ray contrast media was the largest segment of the iodine market, by application in 2016. The high consumption of iodine in X-ray contrast media is attributed to the rising aging population and their susceptibility to various diseases which is expected to increase the use of X-ray contrast media in diagnostic imaging, thereby, driving the market for iodine in this application.
“Western Europe: The largest iodine market, by region”
The Western European region was the largest market for iodine, in terms of value and volume, in 2016. The high consumption of iodine in the region is attributed to the increasing demand from the healthcare and chemical industries.
Growing investments in medical research, advancements in diagnostic imaging techniques, strong healthcare infrastructure with significant number of CT and MRI examinations, and growing iodine deficiency in Rest of the Western European counties are some of the factors responsible for the large market size of iodine in Western Europe.
Table of content
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Iodine Market, By Source
7 Iodine Market, By Form
8 Iodine Market, By Application
9 Iodine Market, By Region
10 Competitive Landscape
11 Company Profiles
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