Diverse applications of Iodide based products, elevated application of halogens in LCDs, and rising awareness about Iodide deficiency in developing nations have resulted in boosting the Iodide market.
Iodide Market Size is USD 861.7 Million in 2018, Growth - CAGR of 4.2%, Trends –Elevated application of Iodide in LCDs
The global Iodide Market is forecast to reach USD 1,208.3 Million by 2026, according to a new report by Reports and Data. The market is projected to witness moderate growth during the forecast period.
Reports and Data's Global Iodide Market research report is an in-depth investigation that provides an industry-wide overview of existing and emerging growth patterns, end-user analysis, and other key data that has been tested and validated by industry experts and professionals. The report examines the market in terms of importance, share, size, demand and supply, patterns, competitive landscape, industrial chain analysis, and other important factors. The report also provides a detailed outlook for the industry's driving and restraining forces, as well as micro and macroeconomic factors that are expected to influence its development.
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Top Companies: ISE Chemicals Corporation, SQM, Iofina PLC, Cosayach Compañía De Salitre Y Yodo, Algorta Norte Sa, Nippoh Chemicals Co., Ltd., Godo Shigen Co., Ltd, Toho Earthtech Co., Ltd, Eskay Iodide Pvt. Ltd., Calibre Chemical Pvt. Ltd.
Further key findings from the report suggest:
- The Iodide market held a market share of USD 861.7 Million in the year 2018. It is projected to witness a growth rate of 4.2% during the forecast period.
- In regards to form, the organic compounds segment generated the highest revenue of USD 482.5 Million in 2018, with the fastest growth rate of 4.4% during the forecast period. The high demand for this halogen in the organic compound form due to its diverse application in various end-user industries like- in the agrochemical industry and pet food sector contributes to the revenue generated by this segment.
- In context to Source, the Caliche Ore segment yielded the highest revenue of USD 413.6 Million in 2018 with a CAGR of 4.4% during the forecast period. Factors like economic feasibility and effectiveness of extracting the halogen from caliche ore results in high preference of this source among the manufacturers, which contributes to the revenue generated by this segment.
- In regards to Application, the X-Ray Contrast Media segment occupies the largest market share of 29.0% in 2018, with a growth rate of 4.5% during the forecast period. The market share held by the X-Ray Contrast Media segment is attributed to the expansion of healthcare sector, rising preference for technologically advanced equipment in the industry and use of contrast media in diagnostic techniques like CT scan, X-ray, among others.
- In regards to region, North America occupies the third-largest market share of0% in 2018, with a CAGR of 4.4% during the forecast period. The market share held by North America is resultant of high awareness about Iodide deficiency, well-established healthcare sector, and expanding pet food industry.
key features of Iodide Market:
The global Iodide market is driven by the increasing demand for Iodide derivatives in various end-use industries, including pharmaceuticals, food and beverages, and animal feed. Iodide is an essential nutrient required for the healthy functioning of the human body and is also used in a variety of industrial applications. Here are some key features of the Iodide market:
- Increasing demand for Iodide in the pharmaceutical industry: Iodide is widely used in the pharmaceutical industry as a disinfectant and as a key ingredient in the production of various drugs, such as contrast media, antiseptics, and thyroxine. The increasing demand for these drugs is driving the growth of the Iodide market in the pharmaceutical industry.
- Growing use of Iodide in food and beverage industry: Iodide is added to salt and other food products to prevent Iodide deficiency disorders (IDD) and promote healthy thyroid function. The increasing awareness about the benefits of Iodide-fortified food products is driving the growth of the Iodide market in the food and beverage industry.
- Wide range of industrial applications: Iodide is also used in a variety of industrial applications, including catalysts, pigments, and dyes, among others. The increasing demand for these applications is driving the growth of the Iodide market in the industrial sector.
- Limited natural sources: Iodide is primarily found in seawater, but only in trace amounts. This limited availability of natural sources of Iodide is a major challenge for the Iodide market, leading to fluctuations in prices and supply.
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Market Segmentation:
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The global Iodide market is segmented into:
Form Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
- Inorganic Salts and Complexes
- Organic Compounds
- Elemental Isotopes
Source Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
- Natural Brines
- Caliche Ore
- Seaweeds
- Recycling
Extraction process Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
- Carbon Absorption
- Blow-out
- Ion Exchange
Application Type Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
- Pharmaceuticals
- X-Ray Contrast Media
- Catalysts in Polymer Processing
- Optical Polarizing Films
- Fluorochemicals
- Animal Feed
- Human Nutrition
- Iodophors
- Biocides
- Others
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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