Market Definition: Iodine Market
The global iodine market is expected to reach USD 1021.3 million by 2026, from USD 812.6 million in 2017, growing at a CAGR of 4.8% during the forecast period of 2019 to 2026.
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.
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Key Market Competitors: Iodine Market
Few of the major competitors are Iofina, ISE CHEMICALS SQM, iochem, WengFu Group, Toho Earthtech, Bloomberg L.P. Algorta Norte S.A, IOCHEM, GODO SHIGEN Co, Algorta Norte S.A, Salvi Chemical Industries Ltd., calibrechem, Protochem, Deepwater Chemicals. NIPPOH CHEMICALS CO., LTD, Prachi Pharmaceuticals Private Limited., among others,
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Major Market Drivers & Restraints are as follows:
- 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
The report performs the study of market drivers and market restraints thoroughly along with the analysis of the market structure. This market report endows with the plentiful insights and business solutions that will help to stay ahead of the competition. A class and transparency is strictly maintained while carrying out research studies of this report to offer an exceptional market research report for a specific niche. Businesses can achieve better insights to drive the business into right direction with the different segments covered in the market research report. This market analysis examines various segments which help for the quickest development amid the estimated forecast frame.
Market Segmentation: 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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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. The report includes market shares of iodine market for global, Europe, North America, Asia Pacific and South America.
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