Dublin, Feb. 15, 2023 (GLOBE NEWSWIRE) -- The "Iodine: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Iodine estimated at US$1.9 Billion in the year 2022, is projected to reach a revised size of US$2.6 Billion by 2030, growing at a CAGR of 3.9% over the analysis period 2022-2030.
Caliche Ore, one of the segments analyzed in the report, is projected to record a 3.8% CAGR and reach US$1.2 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Underground Brines segment is readjusted to a revised 4.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $526.2 Million, While China is Forecast to Grow at 6.6% CAGR
The Iodine market in the U.S. is estimated at US$526.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$540.3 Million by the year 2030 trailing a CAGR of 6.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 3.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$349.3 Million by the year 2030.
Select Competitors (Total 31 Featured) -
- Ajay-SQM Group
- Algorta Norte
- COSAYACH Compania de Salitre y Yodo
- Deepwater Chemicals, Inc.
- IOCHEM Corporation
- Iofina plc
- Ise Chemicals Corporation
- Kanto Natural Gas Development Co., Ltd.
- Nippoh Chemicals Co., Ltd.
- Sociedad Quimica Y Minera de Chile S.A.
- Sociedad Quimica Y Minerva de Chile S.A.
- Toyota Tsusho Corporation
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Report Metrics:
| Report Attribute | Details |
| No. of Pages | 268 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.9 Billion |
| Forecasted Market Value (USD) by 2030 | $2.6 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- A Prelude
- Recent Market Activity
- Major Applications Driving Demand for Iodine
- Iodine Market - A Historic Perspective
- Outlook
- Competitive Landscape
- Sociedad Quimica y Minera de Chile SA (SQM) - The Market Leader
- Iodine Recycling Reaching Saturation
- Chile: World's Largest Producer of Iodine
- Chilean Operations Pose Heavy Competition to Global Counterparts
- Iodine Reserves - Japan Dominates
- Iodine - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increasing Global Population Offers Significant Growth Opportunities
- Aging Population Spurs Market Growth
- Iodine Deficiency Levels in Developing Asian Countries Bode Well for the Market
- Iodine Deficiency - Still a Major Concern in Africa
- Iodine Pricing Trends
- Traditional End-Use Segments Regain Balance
- Emerging Application Areas for Iodine
- Iodine in Human Health: Largest Application Area
- Iodine Deficiency: A Major Threat
- Correlation Between Iodine and IDD
- Correcting IDD through Iodine Supplementation
- Food Fortification with Iodine: A Sound Strategy to Curb Iodine Deficiency Disorders
- Consumption of Iodized Salt on the Rise
- Global Initiatives and the Fight against IDD
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/uhm7xr
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