Latest News- Iodine Market: XR contrast media is expected to lead the Application segment during 2025-2029

The Iodine Market is being driven by Growth of smartphone industry

The Iodine Market is expected to grow at a CAGR of 4.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 295.3 million. The iodine market is witnessing significant advancements in extraction and purification technologies, enhancing efficiency and sustainability throughout the production chain. Traditional iodine extraction methods from underground brines or mineral deposits are being supplemented with innovative technologies, such as solvent extraction and ion exchange processes, which boost yield, minimize environmental impact, and optimize resource utilization. Additionally, advancements in purification techniques, including membrane filtration and chromatography, facilitate the production of high-purity iodine compounds, suitable for diverse applications in pharmaceuticals, electronics, and agriculture. These technological advancements are crucial in meeting the growing demand for iodine while ensuring environmental sustainability and resource optimization. 

Get more information on Iodine Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • XR contrast media
  • Pharmaceuticals
  • LCD and LED screens
  • Nutrition
  • Others
• Source
  • Caliche ore
  • Underground brines
• Form Factor
  • Organic compounds
  • Inorganic salts and complexes
  • Elementals and isotopes
• Geography
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growth of smartphone industry
• Huge availability of iodine reserves
• High volume consumption of iodine in X-ray contrast media

However, the market also witnesses some limitations, which are as follows:

• Fluctuating price of iodine
• Non-availability of iodine in some developing and underdeveloped countries
• Concerns related to iodine poisoning

Benefits of Buying Global Iodine Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Iodine Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

Iodine plays a crucial role in maintaining normal thyroid hormone levels by aiding in their production. Its bioavailability is essential for proper iodide organification. Sources of iodine include dietary intake, primarily from seafood and dairy products. Iodine toxicity can manifest as symptoms such as vomiting, diarrhea, and tremors. Deficiency can lead to anemia, goiters, and developmental issues like cretinism. In pregnancy and lactation, iodine is vital for the mother and developing fetus. Iodine impacts metabolism, immunity, reproduction, and thyroid function. Analytical techniques and isotopic tracing are used to study iodine's chemical reactions and properties. Goitrogens can interfere with iodine absorption, while iodine has therapeutic uses in treating hypothyroidism and hyperthyroidism.

Market Research Overview

The iodine market is a significant segment within the global diversified metals and mining industry, focusing on the production and extraction of iodine. Iodine is an essential nutrient for human health, primarily used in the synthesis of thyroid hormones. Iodized salt production is a primary source of iodine intake for many populations, making salt mining an integral part of this market. Additionally, iodine supplementation programs ensure adequate iodine intake for individuals at risk of iodine deficiency disorders. The global iodine market size is determined by the combined revenue generated from these production and extraction activities.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/