Iodine Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44765
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The iodine market has the potential to grow by 6846.51 metric tonnes during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.83%.

This iodine market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (X-ray contrast media, pharmaceuticals, LCD and LED screens, nutrition, and others) and geography (APAC, North America, Europe, MEA, and South America). The iodine market report also offers information on several market vendors, including Eskay Iodine Pvt. Ltd., Glide Chem Pvt. Ltd., GODO SHIGEN Co. Ltd., Iochem Corp., Iofina Plc, ISE Chemicals Corp., Mil-Spec Industries Corp., Nippoh Chemicals Co. Ltd., Sociedad Quimica y Minera de Chile SA, and Toyota Motor Corp. among others.

What will the Iodine Market Size be in 2021?

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Iodine Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growth of the smartphone industry is notably driving the iodine market growth, although factors such as fluctuating price of iodine may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the iodine industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the iodine market is the flourishing smartphone industry.
  • The display in smartphone touchscreens consists of liquid crystals that are activated by the electric current to block or allow polarized light to pass through.
  • Iodine-containing polarizing films are made by adsorbing iodine onto a stretched polyvinyl alcohol surface and are used to increase the visibility of the image created on the LCD.
  • Smartphone companies focusing on expanding their presence in the global market will influence the growth of the overall smartphone industry.
  • Emerging countries are expected to further drive the smartphone market as the current penetration of smartphones is low in these countries.
  • The high volume consumption in x-ray contrast media is another major factor supporting the iodine share growth.
  • Iodinated contrasts are a form of intravenous radiocontrast known as radiographic dyes, which contain iodine.
  • Radiographic dyes are injected into the body of the patient before radiographic procedures to improve the visibility of organs and vascular structures.
  • The increasing adoption of contrast agents and the emergence of more public and private diagnostic centers are the major drivers for the contrast media market.
  • The iodinated contrast media segment is expected to be the largest segment of the global contrast media market as it absorbs more x-rays than human tissue

This iodine market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Iodine Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Eskay Iodine Pvt. Ltd.
  • Glide Chem Pvt. Ltd.
  • GODO SHIGEN Co. Ltd.
  • Iochem Corp.
  • Iofina Plc
  • ISE Chemicals Corp.
  • Mil-Spec Industries Corp.
  • Nippoh Chemicals Co. Ltd.
  • Sociedad Quimica y Minera de Chile SA
  • Toyota Motor Corp.

 

This statistical study of the iodine market encompasses successful business strategies deployed by the key vendors. The iodine market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The iodine market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Iodine Market?

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35% of the market’s growth will originate from APAC during the forecast period. Japan and China are the key markets for the iodine market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The conducive manufacturing environment will facilitate the iodine market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Iodine Market?

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The iodine market share growth by the x-ray contrast media segment will be significant during the forecast period. The high atomic number and density of iodine help increase the contrast between tissues, organs, and blood vessels with similar x-ray densities in the body. The growth of the X-ray contrast media segment can be attributed to the growing applications of contrast agents due to advantages such as image enhancement and wide indication coverage, speed, safety, and ease of use over other non-invasive imaging modalities and the growing number of public and private diagnostic centers.

This report provides an accurate prediction of the contribution of all the segments to the growth of the iodine market size and actionable market insights on post COVID-19 impact on each segment.

 

Scope of Report

Features

Included Data

Base year for market size assessment

2021

Forecast period

2021-2025

Growth momentum and forecast

Accelerate at a CAGR of 3.83%

Regional analysis

APAC, North America, Europe, MEA, and South America

Key consumer countries

US, China, Germany, Japan, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Eskay Iodine Pvt. Ltd., Glide Chem Pvt. Ltd., GODO SHIGEN Co. Ltd., Iochem Corp., Iofina Plc, ISE Chemicals Corp., Mil-Spec Industries Corp., Nippoh Chemicals Co. Ltd., Sociedad Quimica y Minera de Chile SA, and Toyota Motor Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Iodine Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive iodine market growth during the next five years
  • Precise estimation of the iodine market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the iodine industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of iodine market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Iodine Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.83%

Market growth 2021-2025

6846.51 MT

Market structure

Fragmented

YoY growth (%)

3.55

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 35%

Key consumer countries

US, China, Germany, Japan, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Eskay Iodine Pvt. Ltd., Glide Chem Pvt. Ltd., GODO SHIGEN Co. Ltd., Iochem Corp., Iofina Plc, ISE Chemicals Corp., Mil-Spec Industries Corp., Nippoh Chemicals Co. Ltd., Sociedad Quimica y Minera de Chile SA, and Toyota Motor Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The iodine market growth will increase by $7.50 thousand MT during 2019-2024.
The iodine market is expected to grow at a CAGR of 3.81% during 2019-2024.
Technavio has segmented the iodine market by application (X-ray contrast media, Pharmaceuticals, LCD and LED screens, Nutrition, and Others) ,application by volume (X-ray contrast media, Pharmaceuticals, LCD and LED screens, Nutrition, and Others) , and geographic (APAC, North America, Europe, MEA, and South America).
Cosayach Compania de Salitre y Yodo, Glide Chem Pvt. Ltd., GODO SHIGEN Co. Ltd., Iofina Plc, ISE Chemicals Corp., Mil-Spec Industries Corp., Nippoh Chemicals Co. Ltd., Qingdao Bright Moon Seaweed Group Co. Ltd., Sociedad Quimica y Minera de Chile SA, Toyota Tsusho Corp. are a few of the key vendors in the iodine market.
APAC will register the highest growth rate of 36.53% among the other regions. Therefore, the iodine market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • China
  • Germany
  • Japan
  • France
The key factors driving the iodine market growth are:
  • Growth of the smartphone industry
The iodine market vendors should focus on grabbing business opportunities from the x-ray contrast media segment as it accounted for the largest market share in the base year.
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