Iodine: A Global Strategic Business Report
San Jose, California (PRWEB) October 27, 2008
Global iodine consumption patterns stand rejuvenated by the growing levels of awareness, among health conscious consumers, about the importance of iodine as a dietary ingredient in a well-balanced diet. The growing popularity of X-ray, and MRI in medical diagnostics is additionally expected to drive volume consumption of iodine, offsetting iodine's waning consumption in photographic film, an end-use application which in the recent past has been ravaged by the waxing popularity of digital imaging systems.
Widespread prevalence of iodine deficiency disorders also offers a business case for iodine. Application breakthroughs are expected to give rise to new end-use avenues, and result in significant increases in demand for crude iodine. 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. All of these factors, among several others, provide strong economical fundamentals for the future growth and sustenance of the iodine market.
Chile has been the largest iodine producing country worldwide with Chilean producers accounting for over 50% of the world production. Japan ranks as a distant second with production slightly falling in the recent years. By the year 2010, Turkmenistan flaunts the potential to edge past Chile and emerge into the world's largest iodine producer. The optimistic expectation is based on the Turkmenistan government's commitment to invest huge amounts in expanding the domestic production capacity to over 1800 tons per year by 2010. Continuous expansion in production capacities in line with new capacity expansion plans is expected to result in a fall in prices. In the United States and Japan, where production costs are relatively higher, this could signal challenging times ahead, since hypothetically, a fall in prices below the viable level could lead to large-scale capacity closures.
As stated by the recent report published by Global Industry Analysts, Inc., Japan and the United States dominate the world market for iodine, with a combined share of 61.3% estimated in the year 2008. Growth is the strongest in the Pharmaceuticals, and sanitation end-use market, with North America setting the pace of growth with a robust CAGR in excess of 4.5% over the analysis period of 2000 through 2010. Consumption of iodine in the world pharmaceuticals end-use market is expected to reach 3.37 thousand metric tons by 2012. Global consumption of iodine in sanitation end-use market is expected to reach 11.5 thousand metric tons by 2012. In the Middle East, consumption of iodine in animal feed sector is projected to reach 4.67 metric tons by the year 2012.
Leading global and regional players operating in the industry include Sociedad Quimica Y Minera de Chile S.A., Atacama Minerals Corporation, Deepwater Chemicals, Godo Shigen Sangyo Co. Ltd., IOCHEM Corp, Ise Chemicals Corporation, PT Kimia Farma Tbk, Mitsui Chemicals Inc., and Nippoh Chemicals.
The report titled "Iodine: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, issues, and challenges. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key regional markets. End-use markets analyzed in the report include Animal Feed, Catalysts, Pharmaceuticals, Sanitation, and Stabilizers. Latent demand patterns in end-use markets are quantified across major geographic market verticals including the United States, Canada, Japan, France, Germany, United Kingdom, Italy, Asia-Pacific, Latin America, and Middle East. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.
For more details about this research report, please visit http://www.strategyr.com/Iodine_Market_Report.asp
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 more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
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