Global Iodine Market Analysis
According to Planet Market Reports, The Global Iodine Market was valued at USD 581.57 Million in 2018 and is projected to reach USD 1,177.9 Million by 2026, growing at a CAGR of 4.40% from 2019 to 2026.
What is Iodine?
Iodine is a mineral that can be found in some foods. The body needs iodine but cannot make it for thyroid hormones. Therefore the needed iodine must come from the diet. These hormones control the body’s metabolism and many other important functions such as for proper bone and brain development during pregnancy and infancy. Iodine is used to prevent iodine deficiency and its consequences, most of the world’s iodine is found in the ocean, where it is concentrated by sea life, especially seaweed. Other sources of Iodine includes yogurt, cod, tuna, dried prunes, and eggs. Applications of iodine include animal feed, human nutrition, pharmaceuticals, x-ray contrast media, and optical polarizing films.
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Global Iodine Market Outlook
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
With the growing iodine deficiency among people in developing countries as well as the increasingly versatile applications of iodine derivatives, the global Iodine market is growing. Factors such as the increasing use of iodine in various applications are also influencing the positive growth of the market. Factors such as the fluctuating prices of Iodine as well as the potential of toxicity that is associated with Iodine, the growth of the market is being hampered.
Factors such as the growing demand for high-performance Iodine as well as the high demand for Iodine in various applications are facilitating the growth of the market. Other factors that are aiding the market include the increasing need to reduce the loss that is caused by corrosion. Factors such as the fluctuating material prices as well as stringent government regulations are restraining the growth of the market.
Planet Market Reports narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Iodine Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Iodine Market Competitive Landscape
The “Global Iodine Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as SQM, Cosayach Compañía De Salitre Y Yodo., Iofina PLC, Nippoh Chemicals Co., Ltd., Kanto Natural Gas Development Co., Ltd., Toho Earthtech Co., Ltd., Godo Shigen Co.,Ltd, ISE Chemicals Corporation, Iochem Corporation and Algorta Norte Sa. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Global Iodine Market, By Source
• Caliche Ore
• Recycling
• Seaweeds
• Underground Brines
Global Iodine Market, By Form
• Organic Compounds
• Elemental & Isotopes
• Inorganic Salts & Complexes
Global Iodine Market, By Application
• X-Ray Contrast Media
• Pharmaceuticals
• Optical Polarizing Films
• Animal Feed
• Human Nutrition
• Others
Global Iodine Market Geographic Scope
• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the World
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value USD Billion data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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