According to Stratistics MRC, the Global Iodine market is poised to grow at a CAGR of more than 5% by 2022. The iodine market is mostly driven by healthcare and chemical industry where it is used as a chemical intermediate. Rising demand from developing nations, social advertising activities and governmental subsidized programs are the factors driving the market growth. However, factors such as increasing capital expenditure on iodine production, health concerns due to direct consumption and lack of professionals are anticipated to hinder the market growth. Increasing demand from LCDs is the future opportunity of the market.
Europe dominates the global Iodine market whereas Asia Pacific is the fastest growing region of the market. The expansion of Iodine production capacity in U.S. and Chile are expected to drive the market in this region. U.S., Japan, and Chile are the top three countries in the Iodine production.
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Some of the major key players in the global market include ACF Minera S.A., Iofina plc, Sociedad Quimica Y Minera de Chile S.A, ISE Chemicals Corp., Toyota tsusho group, Woodward Iodine Corporation, Godo Shigen Sangyo Co. Ltd., Sirocco Mining, Azer-Yod LLC, Iochem Corporation, Qingdao Bright Moon Seaweed Group, Sociedad Quimica Y Minera de Chile S.A., and Campania de Salitre y Yodo de Chile.
o X-ray Contrast Media
o Optical Polarizing Film (OPF)
o Nylon Stabilizer
Crop protection chemicals
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