NEW YORK, Feb. 17, 2023 /PRNewswire/ -- The global iodine market size is estimated to increase by 5,863.09 million T between 2022 and 2027. The market's growth momentum will accelerate at a CAGR of 3.24%. The report also includes historic market data from 2017 to 2021. In 2017, the iodine market was valued at 30,808.04 million T. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Discover some insights on the market before buying the full report - Request a sample report
Iodine market – Vendor analysis
Vendor offerings -
- Algorta Norte SA - The company offers iodine such as Algorta Iodine Prills.
- Calibre Chemicals Pvt. Ltd. - The company offers iodine such as copper iodide.
- Celtic Chemicals Ltd. - The company offers iodine such as ammonium iodide.
- Cosayach - The company offers iodine for healthcare and biocides purposes.
- For details on vendors and their offerings – Buy the report!
Vendor landscape –
The global iodine market is fragmented, with the presence of both international and local vendors present globally. A few prominent vendors that offer iodine in the market are Adani Pharmachem Pvt. Ltd., Algorta Norte SA, Calibre Chemicals Pvt. Ltd., Celtic Chemicals Ltd., Cosayach, Eskay Iodine Pvt. Ltd., Glide Chem Pvt. Ltd., GODO SHIGEN Co. Ltd., Infinium Pharmachem Pvt. Ltd., Iochem Corp., ISE Chemicals Corp., K and O Iodine Co., Ltd., Nippoh Chemicals Co. Ltd., Salvi Chemical Industries Ltd., Samrat Pharmachem Ltd., Sociedad Quimica y Minera de Chile SA, Solvay SA, Spectrum Laboratory Products Inc., TOHO EARTHTECH, INC., and Iofina Plc and others.
The global iodine market is growing. The market players compete based on reliability, price of iodine, quality, and the price and availability of substitutes. High product differentiation among vendors intensifies the competition in the market. Hence, it becomes imperative for vendors to differentiate their product offerings through a clear and unique value proposition to thrive in such a competitive environment.
Iodine market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –
- Key purchase criteria
- Adoption rates
- Adoption lifecycle
- Drivers of price sensitivity
Iodine market - Segmentation assessment
Segment overview
Technavio has segmented the market based on application (XR contrast media, pharmaceuticals, LCD and LED screens, nutrition, and others) and source (caliche ore and underground brines)
- The caliche ore segment will account for a significant share of the global market during the forecast period. Iodine is a rare nonmetallic element. Hence, highly advanced chemical techniques are used to find it. The reduction of the extracted iodate solution to iodine determines how much iodine is recovered from the caliche ore. Such factors will drive segment growth during the forecast period
Geography overview
Based on geography, the global iodine market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global iodine market.
- APAC is estimated to account for 33% of the growth of the global market during the forecast period. The growth of the regional market is attributed to factors such as a conducive manufacturing environment. The cost-effective manufacturing and the high demand for display panels for applications in smartphones, television sets, and smart wearable devices are also expected to drive the iodine market in the region. The market in the region is influenced by the expansions of various end-user establishments. Such expansions can influence market growth in the region during the forecast period.
Iodine market – Market dynamics
Leading drivers - The growth of the smartphone industry is driving the market growth. This growth can be attributed to factors such as improved internet connectivity. The display in smartphone touchscreens consists of liquid crystals that are activated by the electric current. Iodine-containing polarizing films are made by adsorbing iodine onto a stretched polyvinyl alcohol surface. Emerging countries in Asia (excluding China), African countries, and Latin American countries are expected to drive the smartphone market, as the current penetration of smartphones is low in these countries. Thus, the increasing demand for smartphones is expected to drive the global iodine market directly.
Key trends – The increasing expenditure in the pharmaceutical industry is a major trend in the market. Iodine is used in the pharmaceutical industry owing to its high reactivity, which enables iodine to form numerous compounds with various applications in the medical industry. Moreover, some government organizations are also focusing on expanding the pharmaceutical sector. For instance, in 2019, the average health expenditure in the US rose by 4.5% as compared with 2018. These factors can support the market growth during the forecast period.
Major challenges - Non-availability of iodine in some developing and underdeveloped countries is challenging the iodine market growth. Iodine deficiency disorders include thyroid enlargement and severe brain damage. The populations of countries such as Somalia, Sudan, Mauritania, and Ukraine face acute iodine deficiency. Iodine manufacturers find it hard to reach such places due to underdeveloped infrastructure and lack of awareness. These factors will impede market growth during the forecast period.
What are the key data covered in this iodine market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the iodine market between 2023 and 2027
- Precise estimation of the size of the iodine market and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the iodine market across APAC, North America, Europe, South America, and Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of iodine market vendors
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Iodine Market Scope |
|
Report Coverage |
Details |
Page number |
166 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.24% |
Market growth 2023-2027 |
5,863.09 MT |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
3.0 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 33% |
Key countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading vendors, market positioning of vendors, competitive strategies, and industry risks |
Key companies profiled |
Adani Pharmachem Pvt. Ltd., Algorta Norte SA, Calibre Chemicals Pvt. Ltd., Celtic Chemicals Ltd., Cosayach, Eskay Iodine Pvt. Ltd., Glide Chem Pvt. Ltd., GODO SHIGEN Co. Ltd., Infinium Pharmachem Pvt. Ltd., Iochem Corp., ISE Chemicals Corp., K and O Iodine Co., Ltd., Nippoh Chemicals Co. Ltd., Salvi Chemical Industries Ltd., Samrat Pharmachem Ltd., Sociedad Quimica y Minera de Chile SA, Solvay SA, Spectrum Laboratory Products Inc., TOHO EARTHTECH, INC., and Iofina Plc |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio's materials market reports
Table of contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Source
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (MT)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (MT)
- Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global iodine market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global iodine market 2017 - 2021 (million t)
- 4.2 Source Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Source Segment 2017 - 2021 (million t)
- 4.3 Application Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 (million t)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (million t)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (million t)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Source
- 6.1 Market segments
- Exhibit 30: Chart on Source - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Source - Market share 2022-2027 (%)
- 6.2 Comparison by Source
- Exhibit 32: Chart on Comparison by Source
- Exhibit 33: Data Table on Comparison by Source
- 6.3 Caliche Ore - Market size and forecast 2022-2027
- Exhibit 34: Chart on Caliche Ore - Market size and forecast 2022-2027 (MT)
- Exhibit 35: Data Table on Caliche Ore - Market size and forecast 2022-2027 (MT)
- Exhibit 36: Chart on Caliche Ore - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Caliche Ore - Year-over-year growth 2022-2027 (%)
- 6.4 Underground Brines - Market size and forecast 2022-2027
- Exhibit 38: Chart on Underground Brines - Market size and forecast 2022-2027 (MT)
- Exhibit 39: Data Table on Underground Brines - Market size and forecast 2022-2027 (MT)
- Exhibit 40: Chart on Underground Brines - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Underground Brines - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Source
- Exhibit 42: Market opportunity by Source (MT)
7 Market Segmentation by Application
- 7.1 Market segments
- Exhibit 43: Chart on Application - Market share 2022-2027 (%)
- Exhibit 44: Data Table on Application - Market share 2022-2027 (%)
- 7.2 Comparison by Application
- Exhibit 45: Chart on Comparison by Application
- Exhibit 46: Data Table on Comparison by Application
- 7.3 XR contrast media - Market size and forecast 2022-2027
- Exhibit 47: Chart on XR contrast media - Market size and forecast 2022-2027 (MT)
- Exhibit 48: Data Table on XR contrast media - Market size and forecast 2022-2027 (MT)
- Exhibit 49: Chart on XR contrast media - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on XR contrast media - Year-over-year growth 2022-2027 (%)
- 7.4 Pharmaceuticals - Market size and forecast 2022-2027
- Exhibit 51: Chart on Pharmaceuticals - Market size and forecast 2022-2027 (MT)
- Exhibit 52: Data Table on Pharmaceuticals - Market size and forecast 2022-2027 (MT)
- Exhibit 53: Chart on Pharmaceuticals - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Pharmaceuticals - Year-over-year growth 2022-2027 (%)
- 7.5 LCD and LED screens - Market size and forecast 2022-2027
- Exhibit 55: Chart on LCD and LED screens - Market size and forecast 2022-2027 (MT)
- Exhibit 56: Data Table on LCD and LED screens - Market size and forecast 2022-2027 (MT)
- Exhibit 57: Chart on LCD and LED screens - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on LCD and LED screens - Year-over-year growth 2022-2027 (%)
- 7.6 Nutrition - Market size and forecast 2022-2027
- Exhibit 59: Chart on Nutrition - Market size and forecast 2022-2027 (MT)
- Exhibit 60: Data Table on Nutrition - Market size and forecast 2022-2027 (MT)
- Exhibit 61: Chart on Nutrition - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Nutrition - Year-over-year growth 2022-2027 (%)
- 7.7 Others - Market size and forecast 2022-2027
- Exhibit 63: Chart on Others - Market size and forecast 2022-2027 (MT)
- Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 (MT)
- Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 7.8 Market opportunity by Application
- Exhibit 67: Market opportunity by Application (MT)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 69: Chart on Market share by geography 2022-2027 (%)
- Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 71: Chart on Geographic comparison
- Exhibit 72: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2022-2027
- Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 (MT)
- Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 (MT)
- Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.4 North America - Market size and forecast 2022-2027
- Exhibit 77: Chart on North America - Market size and forecast 2022-2027 (MT)
- Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 (MT)
- Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.5 Europe - Market size and forecast 2022-2027
- Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 (MT)
- Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 (MT)
- Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 85: Chart on South America - Market size and forecast 2022-2027 (MT)
- Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 (MT)
- Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 (MT)
- Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (MT)
- Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 93: Chart on US - Market size and forecast 2022-2027 (MT)
- Exhibit 94: Data Table on US - Market size and forecast 2022-2027 (MT)
- Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 China - Market size and forecast 2022-2027
- Exhibit 97: Chart on China - Market size and forecast 2022-2027 (MT)
- Exhibit 98: Data Table on China - Market size and forecast 2022-2027 (MT)
- Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.10 Germany - Market size and forecast 2022-2027
- Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 (MT)
- Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 (MT)
- Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.11 Japan - Market size and forecast 2022-2027
- Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 (MT)
- Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 (MT)
- Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.12 France - Market size and forecast 2022-2027
- Exhibit 109: Chart on France - Market size and forecast 2022-2027 (MT)
- Exhibit 110: Data Table on France - Market size and forecast 2022-2027 (MT)
- Exhibit 111: Chart on France - Year-over-year growth 2022-2027 (%)
- Exhibit 112: Data Table on France - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 113: Market opportunity by geography (MT)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 114: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 116: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 117: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 118: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 119: Matrix on vendor position and classification
- 12.3 Adani Pharmachem Pvt. Ltd.
- Exhibit 120: Adani Pharmachem Pvt. Ltd. - Overview
- Exhibit 121: Adani Pharmachem Pvt. Ltd. - Product / Service
- Exhibit 122: Adani Pharmachem Pvt. Ltd. - Key offerings
- 12.4 Algorta Norte SA
- Exhibit 123: Algorta Norte SA - Overview
- Exhibit 124: Algorta Norte SA - Product / Service
- Exhibit 125: Algorta Norte SA - Key offerings
- 12.5 Calibre Chemicals Pvt. Ltd.
- Exhibit 126: Calibre Chemicals Pvt. Ltd. - Overview
- Exhibit 127: Calibre Chemicals Pvt. Ltd. - Product / Service
- Exhibit 128: Calibre Chemicals Pvt. Ltd. - Key offerings
- 12.6 Celtic Chemicals Ltd.
- Exhibit 129: Celtic Chemicals Ltd. - Overview
- Exhibit 130: Celtic Chemicals Ltd. - Product / Service
- Exhibit 131: Celtic Chemicals Ltd. - Key offerings
- 12.7 Cosayach
- Exhibit 132: Cosayach - Overview
- Exhibit 133: Cosayach - Product / Service
- Exhibit 134: Cosayach - Key offerings
- 12.8 Eskay Iodine Pvt. Ltd.
- Exhibit 135: Eskay Iodine Pvt. Ltd. - Overview
- Exhibit 136: Eskay Iodine Pvt. Ltd. - Product / Service
- Exhibit 137: Eskay Iodine Pvt. Ltd. - Key offerings
- 12.9 Glide Chem Pvt. Ltd.
- Exhibit 138: Glide Chem Pvt. Ltd. - Overview
- Exhibit 139: Glide Chem Pvt. Ltd. - Product / Service
- Exhibit 140: Glide Chem Pvt. Ltd. - Key offerings
- 12.10 GODO SHIGEN Co. Ltd.
- Exhibit 141: GODO SHIGEN Co. Ltd. - Overview
- Exhibit 142: GODO SHIGEN Co. Ltd. - Product / Service
- Exhibit 143: GODO SHIGEN Co. Ltd. - Key offerings
- 12.11 Iochem Corp.
- Exhibit 144: Iochem Corp. - Overview
- Exhibit 145: Iochem Corp. - Product / Service
- Exhibit 146: Iochem Corp. - Key offerings
- 12.12 Iofina Plc
- Exhibit 147: Iofina Plc - Overview
- Exhibit 148: Iofina Plc - Product / Service
- Exhibit 149: Iofina Plc - Key offerings
- 12.13 ISE Chemicals Corp.
- Exhibit 150: ISE Chemicals Corp. - Overview
- Exhibit 151: ISE Chemicals Corp. - Product / Service
- Exhibit 152: ISE Chemicals Corp. - Key offerings
- 12.14 Nippoh Chemicals Co. Ltd.
- Exhibit 153: Nippoh Chemicals Co. Ltd. - Overview
- Exhibit 154: Nippoh Chemicals Co. Ltd. - Product / Service
- Exhibit 155: Nippoh Chemicals Co. Ltd. - Key offerings
- 12.15 Sociedad Quimica y Minera de Chile SA
- Exhibit 156: Sociedad Quimica y Minera de Chile SA - Overview
- Exhibit 157: Sociedad Quimica y Minera de Chile SA - Business segments
- Exhibit 158: Sociedad Quimica y Minera de Chile SA - Key offerings
- Exhibit 159: Sociedad Quimica y Minera de Chile SA - Segment focus
- 12.16 Solvay SA
- Exhibit 160: Solvay SA - Overview
- Exhibit 161: Solvay SA - Business segments
- Exhibit 162: Solvay SA - Key news
- Exhibit 163: Solvay SA - Key offerings
- Exhibit 164: Solvay SA - Segment focus
- 12.17 Spectrum Laboratory Products Inc.
- Exhibit 165: Spectrum Laboratory Products Inc. - Overview
- Exhibit 166: Spectrum Laboratory Products Inc. - Product / Service
- Exhibit 167: Spectrum Laboratory Products Inc. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 168: Inclusions checklist
- Exhibit 169: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 170: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 171: Research methodology
- Exhibit 172: Validation techniques employed for market sizing
- Exhibit 173: Information sources
- 13.5 List of abbreviations
- Exhibit 174: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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