logo
logo
Sign in

Iodine Market Size, 2020 Industry Share and Global Demand | 2027 Forecast by Fortune Business Insights™

avatar
Fortunebusiness
Iodine Market Size, 2020 Industry Share and Global Demand | 2027 Forecast by Fortune Business Insights™

The global iodine market size is projected to reach USD 1,283.0 million by the end of 2027. The increasing applications of the product will bode well for market growth. According to a report published by Fortune Business Insights, titled Iodine Market Size, Share & COVID-19 Impact Analysis, By Source (Caliche Ore, Underground Brines, and Seaweed), By Application (X-Ray Contrast Media, Pharmaceuticals, Optical Polarization Films, Industrial Catalyst, Animal Feed, Fluorochemicals, Iodophors, Human Nutrition, Biocides and Others), and Regional Forecast, 2020-2027, the market was worth USD 915.9 million and will exhibit a CAGR of 4.4% during the forecast period, 2020-2027.

Shutdowns in Manufacturing Units will have a Negative Impact on Market Growth

The recent coronavirus outbreak has had a negative impact on several industries across the world. Due to the strict measures taken to curb the spread of the disease, companies are looking to operate remotely or through a constrained operative environment. Accounting to the rapid spread of the disease, companies are looking to implement strict measures to operate at minimum risks. The shutdowns in manufacturing units have had an adverse impact on manufacturers in the iodine market. Moreover, lack of laborers and inadequate workforce will bring mining and extraction activities to a complete halt.

Iodine is a type of mineral that is naturally found in oceanic water bodies or oil.  It is widely used as a catalyst in polymer manufacturing due to its favorable properties. The product is also used as an additive in animal feed.  The growing awareness regarding the consumption of iodine in specified amounts will reduce the side effect of excess consumption.

The increasing research activities associated with iodine and its applications across diverse industry verticals will emerge in favor of growth of the global market.  Accounting to the increasing applications of the product, there are several large scale companies operating across the world.  The increasing applications and subsequently rising product demand will create a platform for growth for the companies operating in the market.

Applications across Diverse Industry Verticals will Emerge in Favor of Market Growth

The report highlights a few of the major industry developments of recent times and discusses their impact on the global market.  The increasing applications of iodine across diverse industry verticals have certainly encouraged companies to invest more in the R&D section. The presence of several large scale companies provides impetus to the growth of the market. 

Iodine is not just used in medical applications but also in cosmetics food and beverages and other large scale sectors. Although medical properties have been highlighted, the substance is also widely used in cosmetics as a coloring agent due to its elusive color.  Their increasing investments in RMD will widen the application scope of the product in the coming years.  Iodine is said to have exceptional medical properties although excessive consumption can also have a few negative effects.

List of the Leading Companies Profiled in the Global Iodine Market are:

  • Cosayach Compañía De Salitre Y Yodo (Chile)
  • Nippoh Chemicals Co., Ltd (Japan)
  • Kanto Natural Gas Development Co., Ltd. (Japan)
  • Toho Earthtech Co., Ltd. (Japan)
  • GODO SHIGEN Co., Ltd. (Japan)
  • SQM S.A. (Chile)
  • Iofina plc (UK)
  • ISE CHEMICALS CORPORATION (Japan)
  • IOCHEM Corporation (USA)
  • Algorta Norte SA (Chile)
  • Other Players

Europe to Emerge Dominant; Increasing Healthcare Expenditure to Bode well for Market Growth

The report analyzes the ongoing market Trends across five major regions.  Among all regions, the market in Europe is expected to hold the largest market share in the coming years. The presence of several large scales, as well as regional companies in countries such as Germany, France, and the UK, will contribute to the growth of the market. The increasing healthcare expenditure will also have a positive impact on the growth of the regional market. As of 2019, the market in Europe was worth USD 360.9 million, and this value is projected to rise at a considerable pace in the coming years. Besides Europe, the market in North America will rise at a considerable pace driven by the increasing demand for the product in this region.

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/iodine-market-103889

 

Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
    • Emerging Trends
  • Key Insights
    • Key Market Trends in the Global Market
    • Key Developments: Mergers, Acquisition, Partnership, etc. .
    • Latest Technological Advancement
    • Insights on Regulatory Scenario
    • Porters Five Forces Analysis
  • Qualitative Insights Impact of COVID 19 on Global Iodine Market
    • Supply Chain Challenges
    • Steps taken by Government/Companies to overcome this impact
    • Potential opportunities due to COVID-19 outbreak
  • Global Iodine Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Size Estimates and Forecast 
      • By Source
        • Caliche Ore
        • Underground Brines
        • Seaweed
      • By Application
        • X-Ray Contrast Media
        • Pharmaceutical
        • Optical Polarization Films
        • Industrial Catalyst
        • Animal Feed
        • Fluorochemicals
        • Iodophores
        • Human Nutrition
        • Biocides
        • Others
      • By Region
        • North America
        • Europe
        • Asia Pacific
        • Latin America
        • Middle East & Africa

TOC Continued…!

 

Have a Look at Related Research Insights:

Fluorochemicals Market Size, Share & Industry Analysis, By Product (Fluorocarbons, Fluoropolymers, Inorganic Chemicals, Gases, Specialty Organics), By Application (Refrigerant, Aluminum Production, Blowing Agent, Others) Others and Regional Forecast, 2019-2026 

Pesticides Carriers Market Size, Share & Industry Analysis, By Type (Synthetic, Bio-based), By Form (Liquid, Solid), By End-use (Insecticides, Fungicides, Herbicides, Rodenticides, Others) and Regional Forecast, 2020-2027

 

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

 

Contact Us:

Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: [email protected]
Fortune Business Insights™
LinkedIn | Twitter | Blogs

 

Read Press Release:

https://www.fortunebusinessinsights.com/press-release/global-iodine-market-10242

 

collect
0
avatar
Fortunebusiness
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more