The global Iodine Market, valued at USD 3.87 billion in 2023, is projected to reach nearly USD 5.64 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.53% from 2024 to 2030. Iodine, a vital mineral in various industries, plays a crucial role in thyroid hormone production, which regulates metabolism and is essential for overall health. Its applications span from nutritional supplements to industrial uses, including as a key component in X-ray contrast media due to its high radio density.

Iodine Market Outlook

The rising demand for iodine in the medical sector, especially as a contrast agent in radiography, is a significant driver of market growth. Additionally, iodine's essential role in preventing iodine deficiency-related health issues further fuels its global demand. However, the market faces challenges such as limited iodine reserves, leading to supply chain disruptions and price fluctuations.

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Segmentation and Scope Report Coverage Details

Segments Covered:

• Source:
• Underground Brine
• Caliche Ore
• Recycling
• Seaweeds
• Application:
• Medical
• Animal Feeds
• Biocides
• Optical Polarizing Films
• Fluorochemicals
• Nylon
• Others
• Form:
• Inorganic Salts and Complexes
• Organic Compounds
• Elementals and Isotopes

Regional Coverage:

• North America: United States, Canada, Mexico
• Europe: UK, France, Germany, Italy, Spain, Sweden, Austria, Rest of Europe
• Asia Pacific: China, Japan, India, South Korea, Australia, Indonesia, Rest of APAC
• Middle East and Africa: South Africa, GCC, Egypt, Nigeria, Rest of ME&A
• South America: Brazil, Argentina, Rest of South America

Forecast Period: 2024-2030
Base Year: 2023
Market Size in 2023: USD 3.87 Billion
Projected Market Size in 2030: USD 5.64 Billion
CAGR: 5.53%

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Key Players in the Global Iodine Market

1. SQM SA
2. Iochem Corporation
3. Cosayach
4. ISE Chemicals Corporation
5. Algorta Norte
6. Best Nomos
7. Calibre Chemicals
8. Tata Chemicals
9. Adani Pharmachem
10. Nippoh Chemicals Co. Ltd.
11. Toho Earthtech Co. Ltd.
12. Godo Shigen Co. Ltd.
13. Deepwater Chemicals
14. ACF Minera
15. Iofina PLC

These key players are driving innovation and ensuring a stable supply chain in the iodine market, adapting to fluctuations in demand and overcoming supply constraints to maintain their market positions.

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