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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Iodine Derivatives Market: By Source, By Form, By Application, and Geography
Iodine Derivatives Market: By Source, By Form, By Application, and Geography
Iodine Derivatives Market held a significant market share during the forecast period. Iodine derivatives are chemical compounds that include iodine as a key component which are used in various industries such as pharmaceuticals, healthcare, agriculture, food and beverage, and chemicals. These derivatives include compounds like potassium iodide, sodium iodide, iodine tinctures, and iodophors, which have a wide range of applications including antiseptics, nutritional supplements, pharmaceuticals, and catalysts in chemical reactions.The growing prevalence of thyroid disorders and the rising use of iodine derivatives in radiographic contrast media are significant drivers.
According to the World Health Organization (WHO), iodine deficiency is a major public health problem in many countries, prompting governments to mandate the fortification of salt with iodine. Whereas, the production and use of iodine derivatives, especially in pharmaceuticals, are subject to strict regulatory scrutiny, which can increase the time and cost associated with bringing new products to market.However, the increasing awareness of iodine deficiency disorders in developing countries presents significant growth opportunities for iodine derivative manufacturers. For instance, according to the Global Iodine Network, nearly 30% of the global population remains at risk of iodine deficiency, highlighting the potential for market expansion in regions like Asia and Africa.
Study Period
2024-2030Base Year
2023CAGR
X%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Iodine derivatives market is majorly driven by increasing demand in healthcare and pharmaceuticals. Iodine derivatives find wide applications, particularly as contrast agents used in diagnostic imaging and as antiseptics within hospitals. The wide increasing incidence of diseases that require diagnostic imaging-for instance, cancer and cardiovascular conditions-only serves to increase the demand for iodine-based contrast agents. For Instance, in 2022, global consumption of iodine-based media contrast was high due to the increasing number of MRI and CT examinations being done, especially in developed countries. The agents are necessary to outline blood vessels, organs, and tissues in imaging studies. According to the U.S. National Institute of Health, there was a 7% increase in the number of MRI and CT scans performed in the U.S. in 2022, showing the growing demand for iodine derivatives in medical imaging.
Based on the region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. The iodine derivatives market is majorly dominated by North America due to the advanced health system and the high incidence of chronic diseases. Such diseases require diagnosis with imaging and have huge demands for pharmaceuticals. The region's leadership could well be attributed to the health innovative culture and a host of large players within the pharmaceutical sector. The U.S. healthcare expenditure reached $4.3 trillion in 2022, according to the U.S. Census Bureau. Therefore, colossal investment in healthcare continues in the region and fuels the demand for iodine derivatives. Asia-Pacific is the fastest-growing region in the iodine derivatives market, driven by the expanding healthcare sector and rising awareness of iodine deficiency disorders.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
X% |
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By Source |
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By Form |
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By Application |
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By Region |
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2023 is the base year and 2030 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
| 1.Executive Summary |
| 2.Global Iodine Derivatives Market Introduction |
| 2.1.Global Iodine Derivatives Market - Taxonomy |
| 2.2.Global Iodine Derivatives Market - Definitions |
| 2.2.1.Source |
| 2.2.2.Form |
| 2.2.3.Application |
| 2.2.4.Region |
| 3.Global Iodine Derivatives Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Iodine Derivatives Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Iodine Derivatives Market By Source, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Underground Brine |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Caliche Ore |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Recycling |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Seaweeds |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6.Global Iodine Derivatives Market By Form, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Inorganic Salts & Complexes |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Organic Compounds |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Elementals and Isotopes |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Global Iodine Derivatives Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Animal Feeds |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Medical |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Biocides |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Optical Polarizing Films |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Fluorochemicals |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Nylon |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Other |
| 7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 8.Global Iodine Derivatives Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Iodine Derivatives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Source Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Underground Brine |
| 9.1.2.Caliche Ore |
| 9.1.3.Recycling |
| 9.1.4.Seaweeds |
| 9.2. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Inorganic Salts & Complexes |
| 9.2.2.Organic Compounds |
| 9.2.3.Elementals and Isotopes |
| 9.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Animal Feeds |
| 9.3.2.Medical |
| 9.3.3.Biocides |
| 9.3.4.Optical Polarizing Films |
| 9.3.5.Fluorochemicals |
| 9.3.6.Nylon |
| 9.3.7.Other |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Iodine Derivatives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Underground Brine |
| 10.1.2.Caliche Ore |
| 10.1.3.Recycling |
| 10.1.4.Seaweeds |
| 10.2. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Inorganic Salts & Complexes |
| 10.2.2.Organic Compounds |
| 10.2.3.Elementals and Isotopes |
| 10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Animal Feeds |
| 10.3.2.Medical |
| 10.3.3.Biocides |
| 10.3.4.Optical Polarizing Films |
| 10.3.5.Fluorochemicals |
| 10.3.6.Nylon |
| 10.3.7.Other |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Iodine Derivatives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Underground Brine |
| 11.1.2.Caliche Ore |
| 11.1.3.Recycling |
| 11.1.4.Seaweeds |
| 11.2. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Inorganic Salts & Complexes |
| 11.2.2.Organic Compounds |
| 11.2.3.Elementals and Isotopes |
| 11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Animal Feeds |
| 11.3.2.Medical |
| 11.3.3.Biocides |
| 11.3.4.Optical Polarizing Films |
| 11.3.5.Fluorochemicals |
| 11.3.6.Nylon |
| 11.3.7.Other |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Iodine Derivatives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Underground Brine |
| 12.1.2.Caliche Ore |
| 12.1.3.Recycling |
| 12.1.4.Seaweeds |
| 12.2. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Inorganic Salts & Complexes |
| 12.2.2.Organic Compounds |
| 12.2.3.Elementals and Isotopes |
| 12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Animal Feeds |
| 12.3.2.Medical |
| 12.3.3.Biocides |
| 12.3.4.Optical Polarizing Films |
| 12.3.5.Fluorochemicals |
| 12.3.6.Nylon |
| 12.3.7.Other |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Iodine Derivatives Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Source Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Underground Brine |
| 13.1.2.Caliche Ore |
| 13.1.3.Recycling |
| 13.1.4.Seaweeds |
| 13.2. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Inorganic Salts & Complexes |
| 13.2.2.Organic Compounds |
| 13.2.3.Elementals and Isotopes |
| 13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Animal Feeds |
| 13.3.2.Medical |
| 13.3.3.Biocides |
| 13.3.4.Optical Polarizing Films |
| 13.3.5.Fluorochemicals |
| 13.3.6.Nylon |
| 13.3.7.Other |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Iochem Corporation |
| 14.2.2.Iofina Chemical, Inc. |
| 14.2.3.Sociedad Química y Minera (SQM) |
| 14.2.4.ISR Holding |
| 14.2.5.Qingdao Bright Moon Seaweed Group Co., Ltd. |
| 14.2.6.Algorta Norte S.A. |
| 14.2.7.ISE Chemicals Corporation |
| 14.2.8.Kanto Natural Gas Development Co., Ltd |
| 14.2.9.Godo Shigen Co., Ltd |
| 14.2.10.Nippon Chemicals Co., Ltd |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.