San Jose, CA (Vocus/PRWEB) January 05, 2011
Iodine is epitomized and exemplified for its highly flexible applications, and can be put to a number of uses in medicine and nutrition, rightly considered an essential isotope for human well-being. Global iodine industry is presently witnessing strong demand from the end-use segment, optical polarizing films (OPFs) used in LCD screens – a result of rising popularity of LCD displays globally. The trend is more pronounced in fast emerging economies of Asia-Pacific, as some of the major OPF manufacturing companies are located in the region. Asian countries including South Korea, Japan, Taiwan and China are now considered OPF production hubs. On the other hand, LCDs market in the developed world is not as promising as in the emerging markets due to limited OPF applications, leaving little opportunity for rapid growth of iodine.
Human health remains by far the largest and most sustaining end-use market for iodine worldwide. Global iodine consumption towards enhancement of human health is greater than before, resulting from increased awareness about the importance of iodine as a mandatory dietary ingredient. This is particularly valid in the light of IDDs (iodine deficiency disorders) continuing to plague several parts of the world even in the technologically advanced 21st century. Despite continued efforts of social organizations such as WHO and UNICEF, recent statistics reveal that approximately one billion people worldwide are still afflicted by iodine deficiency disorders. Latin America and the Caribbean regions are the most seriously affected worldwide, with over 25% of the total population prone to health complications from iodine deficiency. Government initiatives such as consumer education, legislations and iodine promotion on a war footing throughout the world have played a tremendous role in its overall growth and perceived importance.
Iodine market worldwide is expected to pick up momentum in the forthcoming years driven by rejuvenation in demand from traditional end-use markets and the emergence of new markets, resulting from new application breakthroughs. Replacement of chlorofluorocarbons with fluoroiodocarbons (FICs), offers a lucrative opportunity for iodine as a potential substitute for chlorine in CFCs. With bromine-based herbicides increasingly coming under environmental pressure, opportunities exist for increasing use of iodine in herbicides. Increasing emphasis by Asian countries including China on improved human health is driving growth in iodine usages such as in biocides, contrast media and pharmaceuticals. The growing popularity of X-ray, and MRI in medical diagnostics is additionally expected to drive volume consumption of iodine, countering its waning consumption in photographic film application. All of these factors, among several others, provide strong economical fundamentals for the future growth and sustenance of the iodine market. On a somber note, the market however remains susceptible to the onslaught of excessive increases in iodine production capacities. This could result in the dangerous recurrence cycle of excessive supply crisis and resultant price volatility.
The overall demand for iodine declined in end-use markets such as animal feed, industrial and others in the year 2009 as a direct result of the global recession. However, the fall in demand was offset to a large extent by the sustained demand for iodine in sectors including OPF, human health and pharmaceuticals, helping the market to survive the tough economic challenges. In addition, even as the developed western markets crumbled under the slowdown impact, developing markets, particularly Asia-Pacific proved to be a beacon of light, displaying continued growth and demand for iodine and its derivatives. Asian markets registered an increased consumption of 10-13% during the period between 2000 and 2009, creating high demand for iodine and driving the overall market growth. Prices of iodine almost doubled during 2009 due to the impact of recession on industrial uses and higher investment costs incurred by iodine manufacturers on capacity expansions. Despite falling demand, new capacities coming on stream by the year 2008 and decrease in energy and transportation costs, iodine prices hovered at a high range of about US$30.80 per kg during the year.
Europe constitutes the largest regional market worldwide, as stated by the new research report on Iodine. Asia-pacific and US represent the other significant markets for iodine, the three together garnering a lion’s share of the world market. With respect to highest growth potential, undoubtedly, Asia-Pacific is forecast to emerge as the market leader, expanding at the fastest CAGR of 4.6% through 2015. Human Health dominates as the largest end-use segment of iodine. However, growth wise, the Optical Polarizing Film segment is projected to lead the iodine market by sailing ahead at the strongest compounded annual rate of 5.4%.
Leading players profiled in the report include Atacama Minerals Corporation, Atacama Minerals Chile S.C.M., Deepwater Chemicals, Godo Shigen Sangyo Co. Ltd., IOCHEM Corp, Ise Chemicals Corporation, PT Kimia Farma Tbk, Mitsui Chemicals Inc., Sociedad Quimica Y Minera de Chile S.A. and Nippoh Chemicals.
The research report titled “Iodine: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, growth drivers, industry overview, technological advancements, end-use industry analysis, recent industry activity and profiles of market players worldwide. Analysis and overview is provided for major geographic markets such as US, Canada, Japan, Europe, Asia-Pacific, Latin America and the Middle East. Market analytics are provided in terms of metric tons for end use segments including Animal Feed, Catalysts, Pharmaceuticals, Human Health, Stabilizers, Optical Polarizing Film (OPF) and Others. The study also provides historic data for an insight into market evolution over the period 2000 through 2006.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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