Jun 12, 2020   SOURCE: BusinessWire

Global Iodine Market Analysis 2020-2027 - Major Applications Driving Demand for Iodine - ResearchAndMarkets.com

The "Iodine - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis and the looming economic recession, the Iodine market worldwide will grow by a projected US$222.6 Million, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 3.4%. Caliche Ore, one of the segments analyzed and sized in this study, is forecast to grow at over 3.3% and reach a market size of US$465 Million by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Caliche Ore market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 2.1% CAGR. Within Europe, Germany will add over US$5.3 Million to the region's size over the next 7 to 8 years. In addition, over US$5.7 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Caliche Ore segment will reach a market size of US$22 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Iodine market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 6.5% over the next couple of years and add approximately US$71.5 Million in terms of addressable market opportunity.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.

Competitors identified in this market include, among others,

  • Ajay-SQM Group
  • Algorta Norte
  • COSAYACH Compaa de Salitre y Yodo
  • Deepwater Chemicals, Inc.
  • IOCHEM Corporation
  • Iofina plc
  • Ise Chemicals Corporation
  • Kanto Natural Gas Development Co., Ltd.
  • Nippoh Chemicals Co., Ltd.
  • Sociedad Quimica Y Minera de Chile S.A.
  • Sociedad Quimica Y Minerva de Chile S.A.
  • Toyota Tsusho Corporation

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • A Prelude
  • Recent Market Activity
  • Major Applications Driving Demand for Iodine
  • Iodine Market - A Historic Perspective
  • Competitive Landscape
  • Sociedad Quimica y Minera de Chile SA (SQM) - The Market Leader
  • Iodine Recycling Reaching Saturation
  • Chile: World's Largest Producer of Iodine
  • Chilean Operations Pose Heavy Competition to Global Counterparts
  • Iodine Reserves - Japan Dominates
  • Global Competitor Market Shares
  • Iodine Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Increasing Global Population Offers Significant Growth Opportunities
  • Aging Population Spurs Market Growth
  • Iodine Deficiency Levels in Developing Asian Countries Bode Well for the Market
  • Iodine Deficiency - Still a Major Concern in Africa
  • Iodine Pricing Trends
  • Traditional End-Use Segments Regain Balance
  • Emerging Application Areas for Iodine
  • Iodine in Human Health: Largest Application Area
  • Iodine Deficiency: A Major Threat
  • Correlation Between Iodine and IDD
  • Correcting IDD through Iodine Supplementation
  • Food Fortification with Iodine: A Sound Strategy to Curb Iodine Deficiency Disorders
  • Consumption of Iodized Salt on the Rise
  • Global Initiatives and the Fight against IDD

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/m6e472

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.