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PUBLISHER: Grand View Research | PRODUCT CODE: 1493471
PUBLISHER: Grand View Research | PRODUCT CODE: 1493471
Iodine Market Size, Share & Trends Analysis Report By Source (Caliche Ore, Underground Brines, Recycling, Seaweed), By End-use (Pharmaceuticals, Animal Feed, Medical Imaging, Chemicals), By Region, And Segment Forecasts, 2024 - 2030
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Iodine Market Growth & Trends:
The global iodine market size is expected to reach USD 4.88 billion by 2030, expanding at a CAGR of 4.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for medicines that address iodine deficiency in the thyroid gland is a key driver for the market. In addition, the requirement for enriched animal feed is also boosting product demand.
Based on segmentation by source, iodine is derived from caliche ore, underground brines, recycling, and seaweed. Caliche ore accounted for the largest revenue share in 2023 due to its widespread availability in the earth's crust. The two naturally occurring crystalline forms of iodine in caliche ore are lautarite and dietzeite, constituting around 0.04% (400 ppm) of iodine.
Based on data from the World Iodine Association, about 2 billion people around the globe are afflicted by iodine deficiency, which is understood to be one of the most preventable causes of mental retardation in children and adults. It also results in decreased rates of metabolism, thereby impacting the general functioning and efficiency of people.
The global iodine industry is highly concentrated. The growth in the medical devices and pharmaceutical industry are the key market drivers. For instance, in May 2023 , GE Healthcare announced that it would expand its active pharmaceutical ingredient (API) manufacturing capacity in Lindesnes, Norway for an investment of USD 80 million. This would increase its production capacity by 30% at this site. This was following an agreement it signed in October 2022 with Sociedad Quimica y Minera de Chile S.A, for securing iodine supply for its Pharmaceutical Diagnostics business. In medical devices such as X-ray and Computed Tomography (CT) procedures, iodine continues to be a key ingredient for contrast media products.
Iodine Market Report Highlights:
- Based on source, caliche ore segment accounted for a revenue share of 48.5% of the market in 2023. It is widely available especially in arid regions and is easily extracted and cost-effective
- Based on countries, the U.S. is anticipated to register a CAGR of 3.5%, in terms of revenue, over the forecast period. The growth can be attributed to the increasing requirement for medical intervention to treat an underactive thyroid amongst the vast majority of the population, including pregnant women and geriatric patients
- Based on end-use, the medical imaging segment accounted for the highest revenue share of about 36.2% in 2023. It constitutes the X-ray contrast media used in diagnostic devices such as X-rays, CT machines, and angiography
- Competitive rivalry is high in the market, and players have been expanding their presence by investing in additional capacity. For instance, in November 2023,Japan-based AGC Wakaha Chemicals Co., Ltd. commissioned its new production line at its Kaminaka plant in Fukui Prefecture to boost its production capacity to 1.5 times of its current levels.
Product Code: GVR-4-68040-151-8
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Competitive Outlook
- 2.3. Competitive Outlook
Chapter 3. Iodine Market Variables, Trends, and Scope
- 3.1. Market Outlook
- 3.2. Value Chain Analysis
- 3.3. Manufacturing Trends
- 3.4. Sales Channel Analysis
- 3.5. Regulatory Framework
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Industry Challenges
- 3.7. Porter's Five Forces Analysis
- 3.8. PESTEL Analysis
Chapter 4. Iodine Market: Source Estimates & Trend Analysis
- 4.1. Iodine Market: Source Movement Analysis, 2023 & 2030
- 4.2. Caliche Ore
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.3. Underground Brines
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.4. Recycling
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.5. Seaweed
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Iodine Market: End-Use Estimates & Trend Analysis
- 5.1. Iodine Market: End-Use Movement Analysis, 2023 & 2030
- 5.2. Pharmaceuticals
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3. Animal Feeds
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4. Medical Imaging
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.5. Chemicals
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.6. Others
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Iodine Market: Regional Estimates & Trend Analysis
- 6.1. Regional Analysis, 2023 & 2030
- 6.2. North America
- 6.2.1. North America iodine market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.2. North America iodine market estimates and forecasts, by source, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.3. North America iodine market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.4. U.S.
- 6.2.3.1 U.S. iodine market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.3.1 U.S. iodine market estimates and forecasts, by source, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.3.1 U.S. iodine market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.3. Europe
- 6.3.1. Europe iodine market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.2. Europe iodine market estimates and forecasts, by source, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3. Europe iodine market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4. Germany
- 6.3.3.1 Germany iodine market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3.1 Germany iodine market estimates and forecasts, by source, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3.1 Germany iodine market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5. France
- 6.3.3.1 France iodine market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3.1 France iodine market estimates and forecasts, by source, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3.1 France iodine market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6. Italy
- 6.3.3.1 Italy iodine market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3.1 Italy iodine market estimates and forecasts, by source, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3.1 Italy iodine market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific iodine market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.2. Asia Pacific iodine market estimates and forecasts, by source, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3. Asia Pacific iodine market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4. China
- 6.4.3.1 China iodine market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3.1 China iodine market estimates and forecasts, by source, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3.1 China iodine market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5. Japan
- 6.4.3.1 Japan iodine market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3.1 Japan iodine market estimates and forecasts, by source, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3.1 Japan iodine market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6. India
- 6.4.3.1 India iodine market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3.1 India iodine market estimates and forecasts, by source, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3.1 India iodine market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7. South Korea
- 6.4.3.1 South Korea iodine market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3.1 South Korea iodine market estimates and forecasts, by source, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3.1 South Korea iodine market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.5. Central & South America
- 6.5.1. Central & South America iodine market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.2. Central & South America iodine market estimates and forecasts, by source, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.3. Central & South America iodine market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4. Brazil
- 6.5.3.1 Brazil iodine market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.3.1 Brazil iodine market estimates and forecasts, by source, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.3.1 Brazil iodine market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.6. Middle East & Africa
- 6.6.1. Middle East & Africa iodine market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.2. Middle East & Africa iodine market estimates and forecasts, by source, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.3. Middle East & Africa iodine market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4. Saudi Arabia
- 6.6.3.1 Saudi Arabia iodine market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.3.1 Saudi Arabia iodine market estimates and forecasts, by source, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.3.1 Saudi Arabia iodine market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.5. UAE
- 6.6.3.1 UAE iodine market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.3.1 UAE iodine market estimates and forecasts, by source, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.3.1 UAE iodine market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.6. South Africa
- 6.6.3.1 South Africa iodine market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.3.1 South Africa iodine market estimates and forecasts, by source, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.3.1 South Africa iodine market estimates and forecasts, by end-use, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Iodine Market: Competitive Analysis
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Ranking
- 7.3. Heat Map Analysis
- 7.4. Vendor Landscape
- 7.4.1. List of raw material suppliers & distributors
- 7.4.2. List of prospective end-users
- 7.5. Strategic Framework
- 7.6. Company Listings (Overview, Financials, Product Benchmarking)
- 7.6.1. ACF Minera SA
- 7.6.2. Cosayach
- 7.6.3. Glide Chem Private Limited
- 7.6.4. GODO SHIGEN Co. Ltd
- 7.6.5. Iochem Corporation
- 7.6.6. Iofina
- 7.6.7. ISE Chemicals Corporation
- 7.6.8. Itochu Chemical Frontier Corporation
- 7.6.9. Kanto Natural Gas Development Co. Ltd
- 7.6.10. NIPPOH CHEMICALS CO. LTD
Product Code: GVR-4-68040-151-8
List of Tables
- Table 1 Iodine Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Table 2 Iodine Market Estimates and Forecast, By Source, 2018 - 2030 (USD Million) (Kilotons)
- Table 3 Iodine Market Estimates and Forecast, By End-Use, 2018 - 2030 (USD Million) (Kilotons)
- Table 4 North America Iodine Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Table 5 North America Iodine Market Estimates and Forecast, By Source, 2018 - 2030 (USD Million) (Kilotons)
- Table 6 North America Iodine Market Estimates and Forecast, By End-Use, 2018 - 2030 (USD Million) (Kilotons)
- Table 7 U.S. Iodine Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Table 8 U.S. Iodine Market Estimates and Forecast, By Source, 2018 - 2030 (USD Million) (Kilotons)
- Table 9 U.S. Iodine Market Estimates and Forecast, By End-Use, 2018 - 2030 (USD Million) (Kilotons)
- Table 10 Europe Iodine Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Table 11 Europe Iodine Market Estimates and Forecast, By Source, 2018 - 2030 (USD Million) (Kilotons)
- Table 12 Europe Iodine Market Estimates and Forecast, By End-Use, 2018 - 2030 (USD Million) (Kilotons)
- Table 13 Germany Iodine Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Table 14 Germany Iodine Market Estimates and Forecast, By Source, 2018 - 2030 (USD Million) (Kilotons)
- Table 15 Germany Iodine Market Estimates and Forecast, By End-Use, 2018 - 2030 (USD Million) (Kilotons)
- Table 16 France Iodine Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Table 17 France Iodine Market Estimates and Forecast, By Source, 2018 - 2030 (USD Million) (Kilotons)
- Table 18 France Iodine Market Estimates and Forecast, By End-Use, 2018 - 2030 (USD Million) (Kilotons)
- Table 19 Italy Iodine Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Table 20 Italy Iodine Market Estimates and Forecast, By Source, 2018 - 2030 (USD Million) (Kilotons)
- Table 21 Italy Iodine Market Estimates and Forecast, By End-Use, 2018 - 2030 (USD Million) (Kilotons)
- Table 22 Asia Pacific Iodine Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Table 23 Asia Pacific Iodine Market Estimates and Forecast, By Source, 2018 - 2030 (USD Million) (Kilotons)
- Table 24 Asia Pacific Iodine Market Estimates and Forecast, By End-Use, 2018 - 2030 (USD Million) (Kilotons)
- Table 25 China Iodine Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Table 26 China Iodine Market Estimates and Forecast, By Source, 2018 - 2030 (USD Million) (Kilotons)
- Table 27 China Iodine Market Estimates and Forecast, By End-Use, 2018 - 2030 (USD Million) (Kilotons)
- Table 28 India Iodine Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Table 29 India Iodine Market Estimates and Forecast, By Source, 2018 - 2030 (USD Million) (Kilotons)
- Table 30 India Iodine Market Estimates and Forecast, By End-Use, 2018 - 2030 (USD Million) (Kilotons)
- Table 31 Japan Iodine Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Table 32 Japan Iodine Market Estimates and Forecast, By Source, 2018 - 2030 (USD Million) (Kilotons)
- Table 33 Japan Iodine Market Estimates and Forecast, By End-Use, 2018 - 2030 (USD Million) (Kilotons)
- Table 34 South Korea Iodine Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Table 35 South Korea Iodine Market Estimates and Forecast, By Source, 2018 - 2030 (USD Million) (Kilotons)
- Table 36 South Korea Iodine Market Estimates and Forecast, By End-Use, 2018 - 2030 (USD Million) (Kilotons)
- Table 37 Central & South America Iodine Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Table 38 Central & South America Iodine Market Estimates and Forecast, By Source, 2018 - 2030 (USD Million) (Kilotons)
- Table 39 Central & South America Iodine Market Estimates and Forecast, By End-Use, 2018 - 2030 (USD Million) (Kilotons)
- Table 40 Brazil Iodine Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Table 41 Brazil Iodine Market Estimates and Forecast, By Source, 2018 - 2030 (USD Million) (Kilotons)
- Table 42 Brazil Iodine Market Estimates and Forecast, By End-Use, 2018 - 2030 (USD Million) (Kilotons)
- Table 43 Middle East & Africa Iodine Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Table 44 Middle East & Africa Iodine Market Estimates and Forecast, By Source, 2018 - 2030 (USD Million) (Kilotons)
- Table 45 Middle East & Africa Iodine Market Estimates and Forecast, By End-Use, 2018 - 2030 (USD Million) (Kilotons)
- Table 46 Saudi Arabia Iodine Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Table 47 Saudi Arabia Iodine Market Estimates and Forecast, By Source, 2018 - 2030 (USD Million) (Kilotons)
- Table 48 Saudi Arabia Iodine Market Estimates and Forecast, By End-Use, 2018 - 2030 (USD Million) (Kilotons)
- Table 49 UAE Iodine Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Table 50 UAE Iodine Market Estimates and Forecast, By Source, 2018 - 2030 (USD Million) (Kilotons)
- Table 51 UAE Iodine Market Estimates and Forecast, By End-Use, 2018 - 2030 (USD Million) (Kilotons)
- Table 52 South Africa Iodine Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
- Table 53 South Africa Iodine Market Estimates and Forecast, By Source, 2018 - 2030 (USD Million) (Kilotons)
- Table 54 South Africa Iodine Market Estimates and Forecast, By End-Use, 2018 - 2030 (USD Million) (Kilotons)
- Table 55 List of raw material suppliers & distributors
- Table 56 List of prominent end users
List of Figures
- Fig. 1 Market segmentation
- Fig. 2 Information procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market snapshot
- Fig. 7 Segmental outlook - Source and End-Use
- Fig. 8 Competitive Outlook
- Fig. 9 Iodine market outlook, 2018 - 2030 (USD Million) (Kilotons)
- Fig. 10 Value chain analysis
- Fig. 11 Market dynamics
- Fig. 12 Porter's Analysis
- Fig. 13 PESTEL Analysis
- Fig. 14 Iodine market, by source: Key takeaways
- Fig. 15 Iodine market, by source: Market share, 2023 & 2030
- Fig. 16 Iodine market, by end-use: Key takeaways
- Fig. 17 Iodine market, by end-use: Market share, 2023 & 2030
- Fig. 18 Iodine market: Regional analysis, 2023
- Fig. 19 Iodine market, by region: Key takeaways
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