According to a new market report published by Persistence Market Research titled, “Iodine Market: Global Industry Analysis and Forecast, 2016–2024”, the global market for iodine is estimated to be valued at US$ 1,679.4 Mn by 2024, Driven by Increasing Use of Iodine as Contrast Imaging Agent across the Globe and as Industrial Catalyst and Sterilizing Agent.
New York, NY -- (SBWIRE) -- 07/20/2016 -- The global iodine market is forecasted to rise at a meagre rate owing to high production levels compared to the demand in the global market, according to a report by Persistence Market Research.
Following are 10 key findings in the global iodine market:
1. The global Iodine Market anticipated valuing US$1.22 Bn at the end of 2016.
2. The global market is projected to reach a value of US$ 1.68 Bn at the end of 2024.
3. Rising application of iodine as an industrial catalyst and contrasting imaging agent is driving the global market.
4. Expected rise in production, the pervasiveness of iodine deficiency in adults to result in the growth of demand for iodine.
5. Use in LCD/LED polarizing films, X-ray contrast media driving the growth of the global market.
6. Government initiatives for incorporation of iodine in human consumption a major driver for the market.
7. Applications of iodine include catalysts, x-ray contrast media, biocides, human nutrition, LED/LCD polarizing films, and feed additives.
8. North America expected to account 21.6% share by volume by the end of 2024.
9. MEA is projected to account 7.0% share in terms of revenue by the end of 2024.
10. Thyroid disorders pushing demand for iodine in APAC. The market in the region is anticipated to expand at a healthy 9.0% CAGR.
Looking for further information on the global iodine market @ http://www.persistencemarketresearch.com/samples/3591
Major companies in the global iodine market include Quingdao Bright Moon Seaweed Group Co. Ltd., ISR Holding, Algorta Norte S.A, Iofina Chemical Inc., IOCHEM Corporation, and SQM.
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