Global Iodine Strategic Business Report 2023: Iodine Deficiency Levels in Developing Asian Countries Bode Well for the Market


Dublin, Feb. 15, 2023 (GLOBE NEWSWIRE) -- The "Iodine: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Iodine estimated at US$1.9 Billion in the year 2022, is projected to reach a revised size of US$2.6 Billion by 2030, growing at a CAGR of 3.9% over the analysis period 2022-2030.

Caliche Ore, one of the segments analyzed in the report, is projected to record a 3.8% CAGR and reach US$1.2 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Underground Brines segment is readjusted to a revised 4.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $526.2 Million, While China is Forecast to Grow at 6.6% CAGR

The Iodine market in the U.S. is estimated at US$526.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$540.3 Million by the year 2030 trailing a CAGR of 6.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 3.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$349.3 Million by the year 2030.

Select Competitors (Total 31 Featured) -

  • Ajay-SQM Group
  • Algorta Norte
  • COSAYACH Compania de Salitre y Yodo
  • Deepwater Chemicals, Inc.
  • IOCHEM Corporation
  • Iofina plc
  • Ise Chemicals Corporation
  • Kanto Natural Gas Development Co., Ltd.
  • Nippoh Chemicals Co., Ltd.
  • Sociedad Quimica Y Minera de Chile S.A.
  • Sociedad Quimica Y Minerva de Chile S.A.
  • Toyota Tsusho Corporation

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Report Metrics:

Report AttributeDetails
No. of Pages268
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$1.9 Billion
Forecasted Market Value (USD) by 2030$2.6 Billion
Compound Annual Growth Rate4.0%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • A Prelude
  • Recent Market Activity
  • Major Applications Driving Demand for Iodine
  • Iodine Market - A Historic Perspective
  • Outlook
  • Competitive Landscape
  • Sociedad Quimica y Minera de Chile SA (SQM) - The Market Leader
  • Iodine Recycling Reaching Saturation
  • Chile: World's Largest Producer of Iodine
  • Chilean Operations Pose Heavy Competition to Global Counterparts
  • Iodine Reserves - Japan Dominates
  • Iodine - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Increasing Global Population Offers Significant Growth Opportunities
  • Aging Population Spurs Market Growth
  • Iodine Deficiency Levels in Developing Asian Countries Bode Well for the Market
  • Iodine Deficiency - Still a Major Concern in Africa
  • Iodine Pricing Trends
  • Traditional End-Use Segments Regain Balance
  • Emerging Application Areas for Iodine
  • Iodine in Human Health: Largest Application Area
  • Iodine Deficiency: A Major Threat
  • Correlation Between Iodine and IDD
  • Correcting IDD through Iodine Supplementation
  • Food Fortification with Iodine: A Sound Strategy to Curb Iodine Deficiency Disorders
  • Consumption of Iodized Salt on the Rise
  • Global Initiatives and the Fight against IDD

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/uhm7xr

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Global Market for Iodine

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