Market Analysis: Global Iodine Market
The Global Iodine Market is expected to reach USD 1021.3 million by 2025, from USD 812.6 million in 2017, growing at a CAGR of 4.8% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
The iodine market research report gives different procedures and arrangements which shapes the associations successfully. Besides, it offers ways to deal with area of the controlling factors that influence the advancement of the associations. The report definitively accumulates the data and information about critical components for the iodine business which reach out from customer direct, creating designs, product usage, and brand positioning. The report features the most recent patterns, development, drivers, restrictions, new chances, and lethargic traps to give a comprehensive perspective on the worldwide iodine market. The crucial counsels proposed by the report will help players at every critical stage ranging from raw material resourcing to establishing a global presence.
The iodine market research report centers on areas operational inclusion over the world primarily deals. The vital advice proposed by the report will help players at each basic stage extending from raw material resourcing to building up a worldwide nearness. The report highlights examination dependent on key chances and difficulties stood up to by market pioneers while featuring their aggressive setting and corporate procedures for the evaluated course of events.
Market Segmentation: Global Iodine Market
- The global iodine market is segmented based on application, form and geographical segments.
- Based on application, the global iodine market is segmented into x-ray contrast media, catalysts, biocides, led polarizing films, feed additives, human nutrition, and others.
- On the basis of form, the global iodine market is segmented into organic compounds, inorganic salts & complexes, elemental & isotopes, and others.
- Based on geography, the global iodine market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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Market Definition: Global Iodine Market
This market report defines the market trends and forecast the upcoming opportunities and threats of the iodine market in the next 8 years. Iodine is a halogen element with atomic number for the element 53 in the periodic table. It is a sheen blue-black coloured compound. Iodine and its derivatives are derived from ocean, water pools, seaweed, and are widely used as an intermediate in industrial chemicals and for human nutrition. Iodine deficiency causes various health-related issues such as goitre, mental retardation, heart diseases, and eyesight problems. Mostly iodine is used in mechanical cleansing solution, peritoneal dialysis, oral rehydration solution and others. There are various applications of iodine as catalysts in x-ray contrast media, catalysts, biocides and others.
According to the article published by WHO, iodine is an essential micro nutrient for the development of human growth, 54 countries in the world are suffering from iodine deficiency. Countries facing iodine deficiency will drive the demand of iodine worldwide.
According to the article published by American Chemical Society, Catalysts are responsible for approximately USD 3.5 trillion in goods and services of the global gross domestic product annually. Growing use of catalysts in the recent year will significantly affect the growth of the iodine markets.
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Competitive Analysis: Global Iodine Market
The global iodine market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Major Market Drivers and Restraints:
- Rapid increasing demand in catalysts sector.
- Growing number in use of biocides
- Growing number of iodine deficiency among people in developing countries
- Increased in versatile applications of iodine derivatives.
- Toxicity associated with consumption of iodine and its derivatives
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Iodine Market by Region:
The report includes market shares of iodine market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors/Players: Global Iodine Market
Some of the major players operating in the global iodine market are
- ISE CHEMICALS SQM,
- WengFu Group,
- Toho Earthtech,
- Bloomberg L.P.
- Algorta Norte S.A,
- GODO SHIGEN Co,
- Algorta Norte S.A,
- Salvi Chemical Industries Ltd.,
- Deepwater Chemicals. NIPPOH CHEMICALS CO., LTD,
- Prachi Pharmaceuticals Private Limited.
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