Reports and Insights issued a report recently titled “Iodine Market: Opportunity Analysis and Future Assessment 2022-2030” which examines and assesses the market’s status over the forecast period. It is a thorough investigation that focuses on elementary and secondary drivers, leading segments, market size and share, and geographical assessment. The study also provides a comprehensive evaluation at of the leading players, major partnerships and alliances, mergers, and acquisitions, along with the trending innovation and corporate strategies.
The global iodine market in 2022 is estimated for more than US$ 1,327.7 Mn and expected to reach a value of US$ 1,917.1 Mn by 2030 with a significant CAGR of 4.7%.
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Iodine Introduction
Iodine is known to be the heaviest essential mineral nutrient, which is very important for the synthesis of thyroid hormones. As its deficiency is capable of causing intellectual disabilities along with goiter. Iodine possesses a specific nature that eases its attachment to organic compounds; because of which its uptake by the human body is able to treat thyroid cancer. It is also used as a catalyst, in a number of industries, for the production of acetic acid and some polymers. It is also essential and beneficial for heart patients and for people suffering from low eyesight problems.
Iodine Market Dynamics
The increasing production of Iodine in the Asia Pacific region coupled with the increasing awareness about iodine deficiency in children and adults is increasing the growth of this market, globally. The iodine market is also affected by the growing GDP of the countries across the globe, as it is widely being employed in the production of biocides, applications in human nutrition, and other industrial usages.
The global iodine market is expected to increase at a significant CAGR over the forecast period owing to the increasing consumer awareness about healthy mind and body and growing applications of iodine as x-ray contrast media and LED or LCD polarizing films. In addition, supportive government’s initiation to educate low class, poor people with the importance of iodine and other essential minerals in the diet is also fuelling the growth of this market.
View Complete TOC and Figures & Graphs of Iodine Market Industry Report – https://reportsandinsights.com/report/global-iodine-market
Iodine Market Segmentation
The global iodine market is segmented on the basis of source, application, and region.
On the basis of source, the global iodine market can be segmented into natural brines, nitrite ores, and others. On the basis of application, the global iodine market can be segmented into x-ray contrast media, catalysts, biocides, LED/LCD polarizing films, human nutrition, feed additives, and others.
Iodine Market Key Players
The global iodine market is mainly dominated by Algorta Norte S.A, IOCHEM Corporation, Iofina Chemical Inc., ISR Holding, Quingdao Brightmoon Seaweed Group Co. Ltd., and SQM.
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