Iodine Market
Iodine is an essential element with the Greek symbol I and atomic number E in its periodic table. It is a volatile liquid in solution at normal temperatures and behaves like a noble gas in cases of high pressure. It exists in nature as a non-fluid, semisolid, semi-precious stone at normal temperature, which changes into a silvery gray liquid in cases of high temperature, wherein the iodine content increases by up to 10%. The symbol iodine is found on the crystal structure of iodine, while nicotinate is found on the ionic structure of iodine. Iodine deficiency is indicated by hair loss and skin problems, hypothyroidism and goiter, thyroid nodules, menses, menopause, menstrual disorders, and cramps.
Market Dynamics
One of the primary reasons for the growth of the iodine market is the increasing prevalence of iodine deficiency among individuals. Approximately 2 billion individuals are estimated to be living with iodine deficiency, with approximately 50 million of them presenting with clinical symptoms. Furthermore, the increasing demand for iodine as an X-ray diagnostic contrast medium is also contributing to the growth of the market.
One of the key elements anticipated to propel the global iodine market growth during the forecast period is the rising number of people in developing countries with low levels of iodine in their bodies. The use of iodine in optical polarizing films for LCD applications is also anticipated to contribute to the market's expansion. Additionally, it is anticipated that the market growth will be constrained by the numerous uses for iodine derivatives. On the other hand, it is anticipated that the toxicity linked to the consumption of iodine and its derivatives will limit the projected growth of the global iodine market over the forecast period.
In the coming years, it is also likely that iodine recycling will offer more opportunities for the global iodine market to grow. However, the variation cost of iodine may pose an additional obstacle to the growth of the global market for iodine in the foreseeable future.
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*Browse 50 market data tables* and 45 figures* on "Global Iodine Market” – Global forecast to 2030
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