Who are the key players in Iodine Market?

SQM SA, Iochem Corporation, COSAYACH, Algorta Norte and GODO SHIGEN Co. Ltd are the major companies operating in the Iodine Market. Read More

Which is the fastest growing region in Iodine Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Iodine Market?

In 2024, the Europe accounts for the largest market share in Iodine Market. Read More

What years does this Iodine Market cover, and what was the market size in 2023?

In 2023, the Iodine Market size was estimated at 38.41 kilotons. The report covers the Iodine Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Iodine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Iodine Market Size

Market Size of Iodine Industry

Study Period	2019 - 2029
Market Volume (2024)	40.64 kilotons
Market Volume (2029)	53.06 kilotons
CAGR (2024 - 2029)	5.48 %
Fastest Growing Market	Asia Pacific
Largest Market	Europe
Market Concentration	High
Major Players *Disclaimer: Major Players sorted in no particular order

Iodine Market Analysis

The Iodine Market size is estimated at 40.64 kilotons in 2024, and is expected to reach 53.06 kilotons by 2029, at a CAGR of 5.48% during the forecast period (2024-2029).

COVID-19 had a negative influence on the market for iodine. It was mostly owing to the enforced limits, as well as large-scale shutdowns of manufacturing units. However, with rising demand for the goods, since the restrictions were lifted, the market for iodine is also growing and is likely to continue a similar trajectory over the projection period.

In the short term, the increasing demand for X-ray contrast media and increasing requirements for iodine uptake with growing iodine deficiency among people are expected to drive the demand for iodine.
However, the toxicity of iodine and health-related issues due to excessive consumption pose major restraints to the studied market growth.
On the other hand, the rising demand for iodine in biocides and the growing demand for recycling iodine will likely create lucrative market opportunities in the coming years.
Europe emerged as the largest market for iodine, while Asia-Pacific is expected to witness the highest growth between 2024 and 2029.

Iodine Industry Segmentation

Iodine is known as a chemical material that turns purple by reacting with starch and being contained in various seaweed types. Iodine and its derivatives are indispensable in a wide range of nutritional, pharmaceutical, and industrial applications.

The iodine market is segmented by source, form, end-user industry, and geography. On the basis of source, the market is segmented into underground brine, caliche ore, recycling, and seaweeds. By form, the market is segmented into inorganic salts and complexes, organic compounds, and elementals and isotopes. Based on end-user industry, the market is segmented into animal feed, medical, biocides, optical polarizing films, fluorochemicals, nylon, and other end-user industry (human nutrition and catalysts). The report also covers the market size and forecasts for the iodine market in 15 countries. For each segment, the market sizing and forecasts have been done on the basis of volume (Tons).

Source
		Underground Brine
		Caliche Ore
		Recycling
		Seaweeds

Form
		Inorganic Salts and Complexes
		Organic Compounds
		Elementals and Isotopes

End-user Industry
		Animal Feed
		Medical
		Biocides
		Optical Polarizing Films
		Fluorochemicals
		Nylon
		Other End-user Industry

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle East and Africa

Need A Different Region Or Segment?

Customize Now

Iodine Market Size Summary

The iodine market is poised for significant growth over the forecast period, driven by its essential applications in the medical industry, particularly in the production of X-ray contrast media and antiseptics. The increasing prevalence of iodine deficiency among populations is further propelling demand, as iodine is crucial for various health applications. Despite the challenges posed by iodine's toxicity and potential health risks from excessive consumption, the market is expected to benefit from rising demand for biocides and the recycling of iodine. Europe currently leads the market, with countries like Germany, the United Kingdom, and Italy showing robust demand across medical, animal feed, and biocide sectors. Meanwhile, the Asia-Pacific region is anticipated to experience the highest growth rate, reflecting its expanding industrial and medical applications.

The medical sector remains the largest consumer of iodine, with its use in radiocontrast materials for imaging procedures and as a disinfectant in water treatment. Recent developments, such as the construction of a medical isotope reactor by the China National Nuclear Corporation, are set to enhance the supply of iodine-131 and iodine-125, further supporting market growth. The pharmaceutical industries in North America and Europe, particularly in the UK and Italy, are significant contributors to iodine demand, driven by their advanced biopharmaceutical and medical technology sectors. The market's partially consolidated nature, with key players like SQM SA and ISE CHEMICALS CORPORATION, indicates a competitive landscape that is likely to evolve with ongoing industry developments.

Explore More

Iodine Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Increasing Demand in X-ray Contrast Media
  2. 1.1.2 Growing Iodine Deficiency Among People
2. 1.2 Restraints
  1. 1.2.1 Toxicity of Iodine and Health-related Issues
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Buyers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products and Services
  5. 1.4.5 Degree of Competition
2. MARKET SEGMENTATION (Market Size in Volume)
1. 2.1 Source
  1. 2.1.1 Underground Brine
  2. 2.1.2 Caliche Ore
  3. 2.1.3 Recycling
  4. 2.1.4 Seaweeds
2. 2.2 Form
  1. 2.2.1 Inorganic Salts and Complexes
  2. 2.2.2 Organic Compounds
  3. 2.2.3 Elementals and Isotopes
3. 2.3 End-user Industry
  1. 2.3.1 Animal Feed
  2. 2.3.2 Medical
  3. 2.3.3 Biocides
  4. 2.3.4 Optical Polarizing Films
  5. 2.3.5 Fluorochemicals
  6. 2.3.6 Nylon
  7. 2.3.7 Other End-user Industry
4. 2.4 Geography
  1. 2.4.1 Asia-Pacific
    1. 2.4.1.1 China
    2. 2.4.1.2 India
    3. 2.4.1.3 Japan
    4. 2.4.1.4 South Korea
    5. 2.4.1.5 Rest of Asia-Pacific
  2. 2.4.2 North America
    1. 2.4.2.1 United States
    2. 2.4.2.2 Canada
    3. 2.4.2.3 Mexico
  3. 2.4.3 Europe
    1. 2.4.3.1 Germany
    2. 2.4.3.2 United Kingdom
    3. 2.4.3.3 Italy
    4. 2.4.3.4 France
    5. 2.4.3.5 Rest of Europe
  4. 2.4.4 South America
    1. 2.4.4.1 Brazil
    2. 2.4.4.2 Argentina
    3. 2.4.4.3 Rest of South America
  5. 2.4.5 Middle East and Africa
    1. 2.4.5.1 Saudi Arabia
    2. 2.4.5.2 South Africa
    3. 2.4.5.3 Rest of Middle East and Africa