Global Iodine Market to Reach 31.2 Thousand Metric Tons by 2017, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on the Iodine markets. The global market for Iodine is projected to reach 31.2 thousand metric tons by the year 2017, primarily driven by sustained demand for Iodine in sectors, including optical polarizing film, human health and pharmaceuticals. Additionally, robust demand from developing regions, particularly Asia-Pacific, also augurs well for the market.

Iodine: A Global Strategic Business Report

Follow us on LinkedIn – Iodine is epitomized and exemplified for its highly flexible applications, and can be put to a number of uses in medicine and nutrition, and is rightly considered an essential isotope for the well-being of humans. Global Iodine market 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 the 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 the rapid growth of Iodine.

The recent global financial crisis has significantly affected the global Iodine market. A direct result of the recession was the plummeting demand for Iodine in major end user markets, such as animal feed and industrial applications, among others. However, the significant drop in demand was offset to a large extent by the sustained demand for Iodine in sectors like OPF, human health, and pharmaceuticals, which helped the market to survive the tough economic challenges. Increasing GDP in rapidly evolving Asian countries like China resulted in increased investments in products related to human health, thereby driving growth in Iodine end-use markets, such as x-ray contrast media and pharmaceuticals. Also, expansion in the production activity increased industrial applications of Iodine, including catalysts, in these fast emerging markets. On the other hand, in mature industrialized markets, the requirement for Iodine remained flat in view of the market saturation for Iodine products as well as limited OPF applications. World markets such as Chile, Japan and US accounted for the largest volume of Iodine produced in the world during the year, with Chile grabbing the lion’s share of 58% Iodine, primarily mined from caliche ore.

Post recession, the consumption of Iodine by the traditional end-use segments, which hitherto grew at an annual rate of about 2.0%, are expected to regain balance and momentum. Demand for the element by the contrast imaging agents market, and for the manufacture of acetic acid is also expected to increase over the coming years. The product’s use as a nutrient supplement is also expected to add additional impetus to the annual demand for Iodine, driven by the growing awareness among today’s health conscious consumers about Iodine’s invaluable dietary benefits.
Europe constitutes the largest regional market worldwide for Iodine, as stated by the new research report on Iodine. Asia-Pacific and the 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 fastest growing market witnessing a CAGR of 4.9% through 2017. Human Health dominates as the largest end-use segment of Iodine. However, growth wise, the Optical Polarizing Film is projected to lead the Iodine market by sailing ahead at the strongest compounded annual rate of 5.86% during the analysis period.

New uses when widely implemented could bring about a significant increase in demand for crude Iodine. One of these uses is in the emerging field of digital imaging, which provides manifold opportunities for the usage of Iodine in the near future. Given the growing popularity of digital imaging, the use of Iodine in films and processing is likely to increase as digital systems and equipment become more affordable. The fast emerging use of fluoroiodocarbon as halogen replacements is another area that may trigger additional demand for Iodine. Compounds of Iodine could replace CFCs and thus provide a thrust to the Iodine market. Additionally, as bromine-based herbicides are withdrawn from the market, Iodine may be increasingly used in herbicides. Usage of Iodine as a disinfectant is also likely to increase as high-resistance strains of bacteria develop.

Even in the 21st century, Iodine deficiency disorders continue to plague people the world over and pose a serious threat to the global health. Despite the efforts undertaken by social organizations such as World Health Organization and UNICEF, recent statistical data reveal approximately one billion people worldwide afflicted by Iodine deficiency disorders. Given this backdrop, the drive to eradicate Iodine deficiency has led to the emergence, and popularity of Iodine fortified food. 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 end-use markets, a result of new application breakthroughs. On a somber note, the market however remains susceptible to the onslaught of excessive increases in Iodine capacities, made by industry majors in light of the gradually reviving demand that may trip the market into a recurrence of excessive supply crisis.

Major players in the marketplace include Sirocco Mining Inc., Atacama Minerals Chile S.C.M., Deepwater Chemicals Inc., Godo Shigen Sangyo Co. Ltd., Ise Chemicals Corporation, Sociedad Quimica Y Minera de Chile S.A., PT Kimia Farma Tbk, Nippoh Chemicals Co., Ltd., Mitsui & Co., Ltd., among others.

The research report titled “Iodine: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of current market trends, key growth drivers, recent industry activity, and profiles of major companies worldwide. The report provides market estimates and projections across all major geographic markets, including the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. The report analyses the market by end-use segments Animal Feed, Catalysts, Pharmaceuticals, Human Health, Stabilizers, Optical Polarizing Film (OPF), and Others.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Iodine_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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