IODINE MARKET ANALYSIS
The global iodine market is projected to reach around US$ 2,428.5 Million by 2030, in terms of revenue, exhibiting a CAGR of 5.8% during the forecast period (2023-2030).
Global Iodine Market: Trends
Advanced technologies for the extraction of iodine and its derivatives
The increasing focus of manufacturers to introduce advanced technologies for the extraction of iodine and its derivatives from seaweed and caliche ores is projected to be a major trend in the market. The extraction of iodine from caliche ores is highly effective as compared to other sources. Moreover, the rising application of iodine across photography and the manufacturing of fluorinated derivatives is expected to augment the market growth.
Rising demand from end user industries
Growth in end user industries coupled with the increasing population around the globe has increased the consumption of iodine. Various manufacturers are adopting strategic alliances for increasing the production of iodine in order to meet the global demand as well as expand their presence in the market. All these factors are expected to propel the global iodine market growth over the forecast period.
Iodine Market Report Snapshots
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