ReleaseWire

Iodine Market Growing at 3.0% CAGR Will Hit 1030 Million US$ in 2025

Posted: Tuesday, April 23, 2019 at 5:54 PM CDT

Los Angeles, CA -- (SBWire) -- 04/23/2019 --Iodine is, as a commercial product, solid and heavy like metal and has black-purple luster. It easily sublimates at the room temperature and has a peculiar odor.

Iodine is widely used in food, medicine, industry, agriculture, national defense, and many other cutting-edge technology industries.

In food industry–Iodine is used in the synthesis of sodium iodide, potassium iodate and other food additives, potassium iodate is widely used in iodized salt for eliminating of iodine deficiency disorders.

In pharmaceutical industry—Iodine is used for making the iodine preparation, the bactericide, the disinfectant, the deodorant, the analgesic, etc. such as tincture of iodine and used in the synthesis of potassium iodide, sodium iodide, iodine solution, iodinated oil; in addition, it has a special resistance to radioactive elements, synthesis of iodized oil can be used in X optical contrast agent.

In other industry--In chemistry, metallurgy industry, iodine and iodide are good catalyzer in many chemical reaction; in agricultural industry iodine is one of the important raw materials to make pesticides and used as fungicides, such as 4-4-IODOPHENOXYACETIC acid; in the dye industry, it's used in the synthesis of organic dye material; in the lighting industry, it's used for the production of making iodine-tungsten lamp, lamp with shade.

The global average price of Iodine is in the decreasing trend, from 35.28 USD/Kg in 2013 to 20.07 USD/Kg in 2017. With the situation of global economy, prices will be stable in the following years.

And base on the output of the Iodines, the classification of Iodine includes Saltpeter Minera Iodine, Underground Brine Iodine and Seaweed Iodine. And the proportion of Saltpeter Minera Iodine in 2017 is about 62%, and the proportion is in decreasing trend from 2013 to 2017.

Europe is the largest consumption place, with a consumption market share nearly 37% in 2017. Following Europe, Asia-Pacific is the second largest consumption place with the consumption market share of 29%.

The global Iodine market was 810 million US$ in 2018 and is expected to 1030 million US$ by the end of 2025, growing at a CAGR of 3.0% between 2019 and 2025.

This report studies the Iodine market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Iodine in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

SQM

Cosayach

Ise Chemicals

Algorta Norte S.A.

Godo Shigen

Iochem

Nippoh Chemicals

RB Energy

Toho Earthtech

Iofina

Wengfu

Gather Great Ocean

Xinwang

By the product type, the market is primarily split into

Saltpeter Minera Iodine

Underground Brine Iodine

Seaweed Iodine

By the end users/application, this report covers the following segments

X-ray Contrast Media

Pharmaceuticals

Iodophors and PVP-I

LCD Screens

Animal Nutrition

Key Regions split in this report:

North America

Asia-Pacific

Europe

Central & South America

Middle East & Africa

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