Latest industry research report on Iodine Market. Iodine is a halogen element with atomic number 53 in the group seven of the periodic table with a shiny luster and is blue-black in color. It is present in a variety of chemical forms including iodate, iodide and elemental iodine though occurrence of free iodine is mainly found as a diatomic molecule I2.
Iodine is abundantly present in seawater though its distribution over water and land is lopsided. Iodine’s derivatives are extensively applied as an intermediate in industrial chemicals. Iodine’s scarcity in soils due to low profusion as an earth crust element leads to several deficiency problems in humans as well as animal populations such as mental retardation, goiter, eyesight problems, heart diseases and intellectual disabilities, thus iodine and its compounds are also used in human nutrition.
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Iodine is also used as a contrast agent in X-ray media due to its relatively low toxicity, high atomic number and ease of adjunction with organic compounds. Moreover, iodine is used as a catalyst in industrial chemical reactions, in biocides, as a feed additive in animal nutrition, as a contrast agent in LED polarizing films among others (water treatment etc.).
Currently, the world iodine market is in its blooming age due to increasing demand for iodine in x-ray contrast media and LED polarizing films. The world iodine market is anticipated to exhibit a considerable growth over the forecast period due to increasing extraction of nitrite ores from earth’s crust.
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Moreover, increasing iodine deficiency and prevalence of thyroid disorders among the aging population especially in the developing economies like Africa, India, China etc., stringent government regulations on the use of iodized salt in Asia and Africa along with the use of iodine as disinfectants in water treatment are some major factors spurring the growth of the world iodine market.
The report segments the world iodine market on the basis of end-use industry and geography.
Market by End-use Industry
Market by Geography
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