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.

 Key features of the study:

• This report provides an in-depth analysis of the global iodine market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global iodine market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• The key companies covered as a part of this study include Iofina Chemical, Inc., Sociedad Química y Minera (SQM), IOCHEM Corporation, ISR Holding, Qingdao Bright Moon Seaweed Group Co. Ltd., and Algorta Norte S.A.
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology up-gradations, market expansion, and marketing tactics
• The global iodine market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global iodine market

Detailed Segmentation:

• Global Iodine Market, By Source:
  • Natural Brines
  • Nitrite Ores
  • Others
• Global Iodine Market, By Application:
  • X-Ray Contrast Media
  • Catalysts
  • Biocides
  • LED/LCD Polarizing Films
  • Feed Additives
  • Human Nutrition
  • Others
• Global Iodine Market, By Region:
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
• Company Profiles
  • Iofina Chemical, Inc.
  • Sociedad Química y Minera (SQM)
  • IOCHEM Corporation
  • ISR Holding
  • Qingdao Bright Moon Seaweed Group Co. Ltd.
  • Algorta Norte S.A.