The global ''iodine market'' size is projected to reach USD 1,283.0 million by the end of 2027. The increasing
applications of the product will bode well for market growth. According to a report published by Fortune
Business Insights, titled “Iodine Market Size, Share & COVID-19 Impact Analysis, By Source
(Caliche Ore, Underground Brines, and Seaweed), By Application (X-Ray Contrast Media,
Pharmaceuticals, Optical Polarization Films, Industrial Catalyst, Animal Feed, Fluorochemicals,
Iodophors, Human Nutrition, Biocides and Others), and Regional Forecast, 2020-2027, the market
was worth USD 915.9 million and will exhibit a CAGR of 4.4% during the forecast period, 2020-2027.
List of the Leading Companies Profiled in the Global Iodine Market are:
Cosayach Compañía De Salitre Y Yodo (Chile)
Nippoh Chemicals Co., Ltd (Japan)
Kanto Natural Gas Development Co., Ltd. (Japan)
Toho Earthtech Co., Ltd. (Japan)
GODO SHIGEN Co., Ltd. (Japan)
SQM S.A. (Chile)
Iofina plc (UK)
ISE CHEMICALS CORPORATION (Japan)
IOCHEM Corporation (USA)
Algorta Norte SA (Chile)
Other Players
The increasing research activities associated with iodine and its applications across diverse industry verticals
will emerge in favor of growth of the global market. Accounting to the increasing applications of the
product, there are several large scale companies operating across the world. The increasing applications
and subsequently rising product demand will create a platform for growth for the companies operating in the
market.
Shutdowns in Manufacturing Units will have a Negative Impact on Market Growth
The recent coronavirus outbreak has had a negative impact on several industries across the world. Due to
the strict measures taken to curb the spread of the disease, companies are looking to operate remotely or
through a constrained operative environment. Accounting to the rapid spread of the disease, companies are
looking to implement strict measures to operate at minimum risks. The shutdowns in manu