Iodine is a chemical element and is the heaviest of the stable halogens that exist as a semi-lustrous, non-metallic solid at standard conditions that melt to form a deep violet liquid at 114 degrees Celsius. It boils to a violet gas at 184 degrees Celsius. Iodine is a mineral found in some foods. The body needs iodine to make thyroid hormones. These hormones control the body's metabolism and many other essential functions. Iodine is also present in infant formulas and dairy products.
MARKET SCOPE
The "Global Iodine Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the iodine market with detailed market segmentation by material type, application, and geography. The report provides key statistics on the market status of the leading iodine market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on source, the global iodine market is segmented into brine deposits, ores, and others.
- Based on form, the global iodine market is segmented into organic compounds, inorganic salts and complexes, and others.
- Based on application, the global iodine market is segmented into x-ray contrast media, animal feed, food & beverages, optical polarizing films, and others.
MARKET DYNAMICS
Drivers:
- Increasing use of iodine in optical polarizing films in LCD applications.
- Growing deficiency of iodine in developing countries and use in applications such as X-ray contrast media, fluorinated derivatives, and photography.
- The increasing awareness regarding iodine deficiency coupled with implementation of regulations as stated by global organizations such as WHO and UNICEF to make consumption of iodized salts mandatory.
Restraints:
- Toxicity associated with consumption of iodine and its derivatives and the fluctuating prices of iodine due to demand-supply gap.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The iodine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the iodine market in these regions.
IMPACT OF COVID-19 ON IODINE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the iodine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from iodine market are anticipated to lucrative growth opportunities in the future with the rising demand for iodine in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the iodine market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- SQM
- Iofina PLC
- ISE Chemicals Corporation
- Iochem Corporation
- Algorta Norte Sa
- Cosayach Compa??a De Salitre Y Yodo.
- Nippoh Chemicals Co., Ltd.
- Kanto Natural Gas Development Co., Ltd.
- Toho Earthtech Co., Ltd.
- Godo Shigen Co.,Ltd