Iodine Market, By Source (Natural Brines, Nitrite Ores, and Others), By Applications (X-Ray Contrast Media, Catalyst, Biocides, LED/LCD Polarizing Films, Feed Additives, Human Nutrition, and Others), By Region (North America, Latin America Europe, Asia Pacific, and Middle East & Africa) -

Published In : Jul 2023

Code : CMI4648

Pages :157

Formats :

Excel and PDF

Industry : Bulk Chemicals

Iodine MarketSize and Trends

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.