Global Iodine Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Source;

Caliche Ore, Underground Brines, and Seaweed.

By End-Use Industry;

X-ray Contrast Media, Catalysts, Biocides, Feed Additives, LED Polarizing Films, Human Nutrition, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn020272061 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Iodine Market (USD Million), 2021 - 2031

In the year 2024, the Global Iodine Market was valued at USD 1,154.92 million. The size of this market is expected to increase to USD 1,603.54 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.8%.

The global iodine market plays a crucial role in various industrial and medical applications due to iodine's unique properties. Iodine, a halogen element found naturally in the environment, is essential for human health and has diverse uses across several sectors. Its applications range from pharmaceutical products to disinfectants, nutrition supplements, and industrial chemicals, making it a vital component in modern manufacturing and healthcare.

In recent years, the global demand for iodine has been driven by increased awareness of its health benefits and its role in preventing iodine deficiency disorders. This has led to a rise in its use in dietary supplements and pharmaceuticals. Additionally, iodine's importance in industrial processes, such as the production of LCD screens, catalysts in chemical reactions, and as a component in disinfectants, continues to drive its demand.

The market is characterized by a concentration of production in a few countries, notably Chile and Japan, which are major suppliers of iodine. The market dynamics are influenced by factors such as fluctuations in production costs, environmental regulations, and geopolitical tensions. The balance between supply and demand is critical, as any disruption in production can lead to significant price volatility.

Looking ahead, the global iodine market is expected to witness steady growth. Emerging applications in areas like advanced materials and renewable energy technologies are likely to open new avenues for iodine usage. Moreover, increased investment in research and development, along with technological advancements in extraction and processing methods, will continue to shape the market landscape, ensuring that iodine remains a valuable commodity across various industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Source
    2. Market Snapshot, By End-Use Industry
    3. Market Snapshot, By Region
  4. Global Iodine Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand in Healthcare
        2. Expanding Industrial Applications
        3. Increasing Use in Agriculture
      2. Restraints
        1. Environmental Concerns
        2. Volatile Raw Material Prices
        3. Regulatory Challenges
      3. Opportunities
        1. Innovations in Product Applications
        2. Growth in Emerging Markets
        3. Technological Advancements

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Iodine Market, By Source, 2021 - 2031 (USD Million)
      1. Caliche Ore
      2. Underground Brines
      3. Seaweed
    2. Global Iodine Market, By End-Use Industry, 2021 - 2031 (USD Million)
      1. X-ray Contrast Medi
      2. Catalysts
      3. Biocides
      4. Feed Additives
      5. LED Polarizing Films
      6. Human Nutrition
      7. Others
    3. Global Iodine Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. SQM
      2. ISE Chemical Corporation
      3. IOCHEM Corporation
      4. Toyota Tsusho Corporation
      5. AZER YOD LLC
      6. Algorta Norte S.A
      7. Iofina PLC
      8. ACF Minera SA
  7. Analyst Views
  8. Future Outlook of the Market