US Iodine Market (2024-2030) | Outlook, Size, Trends, Revenue, Forecast, Growth, Industry, Share, Value, Companies & Analysis

US Iodine Market Highlights

Report Name	US Iodine Market
Forecast period	2024-2030
CAGR	9.2%
Growing Sector	Pharmaceutical

Topics Covered in the US Iodine Market Report

The US Iodine market report thoroughly covers the market by source, by form, by application and competitive Landscape. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

US Iodine Market Synopsis

The US Iodine Market is one of the key markets when it comes to the production, consumption and distribution of Iodine. The market has witnessed a steady growth over the years and is still projected to grow significantly over the next few years. This growth is due to the increased demand for Iodine in various industries, such as food and healthcare, as well as the growing awareness of the essentiality of Iodine in maintaining good health. Further, one of the key trends in the US Iodine Market is the increased demand for Iodine in healthcare. With the growing popularity of wellness and healthy living, the market for organic supplements and nutrition has expanded significantly over the years, leading to an increase in sales of dietary supplements fortified with Iodine. Another trend is the growing demand for biocides. Biocides are used in many healthcare products such as disinfectants, which are in high demand during the COVID-19 pandemic. Thus, the pandemic has presented an opportunity for the US Iodine Market. However, one of the main challenges facing the US Iodine Market is the erratic supply of Iodine. Iodine is a trace mineral and is only found in small amounts in nature, making production difficult and expensive. Additionally, competition from other countries such as Japan and China is another challenge faced by the U.S. Iodine Market. China, for example, has a significant Iodine production capacity, enabling them to compete successfully with the US.

According to 6Wresearch, US Iodine market size is projected to grow at a CAGR of 9.2% during 2024-2030. One of the significant growth drivers of the US Iodine Market is technological advancements in iodine production. Through modern and innovative technology, the iodine production process has become more efficient, less time-consuming, and less costly than traditional methods. The adoption of new technologies has enabled the US to become a leading supplier of technical and pharmaceutical grades of iodine globally. It has also helped in opening up vast new opportunities in various downstream industries like biotechnology, food, and pharmaceuticals. Further, to remain competitive in the US Iodine Market, companies are investing heavily in research and development and launching new products. These efforts have led to the introduction of new iodine-based products like betadine, an antiseptic solution, which has gained immense popularity. Companies such as Iofina, Iochem, and SQM are actively involved in new product launches, collaborations, and mergers & acquisitions to create new value propositions and expand their customer base.

Government Initiatives Introduced in the US Iodine Market

The US Government is actively promoting the consumption of iodine-rich food supplements to combat the growing iodine deficiency and the associated health risks. In 2020, the FDA announced guidelines which require salt manufacturers to include enough iodine in all iodized salt products. Also, these plans have advanced the US Iodine Market Share. This measure has encouraged food manufacturers and consumers to opt for iodized salt products, driving the demand for iodine. Moreover, the government's efforts to create awareness through public health programs and campaigns have helped in creating a positive attitude towards iodine supplement consumption in society.

Key Players in the US Iodine Market

Some of key players in the US Iodine Market include SQM, Iofina, and Independent Chemical Corporation. As the demand for iodine continues to grow, we can expect to see more companies exploring new applications for iodine and increasing their production capacity. In addition, the firms’ hold massive US Iodine Market Revenues.  With a strong domestic supply chain and world-class research institutions, the US will continue to be a major player in the iodine market for years to come.

Future Insights of the US Iodine Market

The future looks promising for the US Iodine Market. There are opportunities for growth in various end-use segments, such as the healthcare sector and biocides segment. The growing need for organic and natural products, including dietary supplements containing Iodine, will also contribute to the growth of the market. Efforts to improve the production capacity in the country will lead to the creation of more jobs and stimulate the national economy.

Market Analysis by Form Type

According to Ravi Bhandari, Research Head, 6Wresearch, organic iodine compounds are one of the most common forms of iodine in the US market. Organic iodine compounds are iodine molecules combined with organic materials like carbon, oxygen, and sulfur. These compounds are highly soluble in organic solvents and are widely used in the production of pharmaceuticals, biocides, and X-ray contrast media. In healthcare industry, organic compounds of iodine are used for MRI and CT scans as contrast agents to improve image clarity, and diagnosis. Other common applications of organic iodine compounds include food preservatives, disinfectants and insecticides.

Market Analysis by Application

The food and pharmaceutical industries are the primary drivers of the US Iodine Market's growth. The increasing demand for iodine supplements in the food industry has fueled the market growth. The pharmaceutical industry uses iodine as a raw material to synthesize anti-cancer drugs, radio-contrast agents for medical procedures, and X-ray contrast agents. These factors have created an upswing in iodine demand, boosted the market growth, and opened new business opportunities.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• US Iodine Market Overview
• US Iodine Market Outlook
• US Iodine Market Forecast
• Market Size of US Iodine Market, 2023
• Forecast of US Iodine Market, 2030
• Historical Data and Forecast of US Iodine Revenues & Volume for the Period 2020-2030
• US Iodine Market Trend Evolution
• US Iodine Market Drivers and Challenges
• US Iodine Price Trends
• US Iodine Porter`s Five Forces
• US Iodine Industry Life Cycle
• Historical Data and Forecast of US Iodine Market Revenues & Volume By Source for the Period 2020-2030
• Historical Data and Forecast of US Iodine Market Revenues & Volume By Caliche Ore for the Period 2020-2030
• Historical Data and Forecast of US Iodine Market Revenues & Volume By Underground Brines for the Period 2020-2030
• Historical Data and Forecast of US Iodine Market Revenues & Volume By Recycling for the Period 2020-2030
• Historical Data and Forecast of US Iodine Market Revenues & Volume By Seaweeds for the Period 2020-2030
• Historical Data and Forecast of US Iodine Market Revenues & Volume By Form for the Period 2020-2030
• Historical Data and Forecast of US Iodine Market Revenues & Volume By Organic Compounds for the Period 2020-2030
• Historical Data and Forecast of US Iodine Market Revenues & Volume By Inorganic Salts & Complexes for the Period 2020-2030
• Historical Data and Forecast of US Iodine Market Revenues & Volume By Elemental & Isotopes for the Period 2020-2030
• Historical Data and Forecast of US Iodine Market Revenues & Volume By Application for the Period 2020-2030
• Historical Data and Forecast of US Iodine Market Revenues & Volume By X-Ray Contrast Media for the Period 2020-2030
• Historical Data and Forecast of US Iodine Market Revenues & Volume By Pharmaceuticals for the Period 2020-2030
• Historical Data and Forecast of US Iodine Market Revenues & Volume By Optical Polarizing Films for the Period 2020-2030
• Historical Data and Forecast of US Iodine Market Revenues & Volume By Catalyst in Polymer Processing for the Period 2020-2030
• Historical Data and Forecast of US Iodine Market Revenues & Volume By Animal Feed for the Period 2020-2030
• Historical Data and Forecast of US Iodine Market Revenues & Volume By Fluorochemicals for the Period 2020-2030
• Historical Data and Forecast of US Iodine Market Revenues & Volume By Human Nutrition for the Period 2020-2030
• Historical Data and Forecast of US Iodine Market Revenues & Volume By Others for the Period 2020-2030
• US Iodine Import Export Trade Statistics
• Market Opportunity Assessment, By Source
• Market Opportunity Assessment, By Form
• Market Opportunity Assessment, By Application
• US Iodine Top Companies Market Share
• US Iodine Competitive Benchmarking, By Technical and Operational Parameters
• US Iodine Company Profiles
• US Iodine Key Strategic Recommendations

Markets Covered

The US Iodine market report provides a detailed analysis of the following market segments:

By Source

• Caliche Ore
• Underground Brines
• Recycling
• Seaweeds

By Form

• Organic Compounds
• Inorganic Salts & Complexes
• Elemental & Isotopes

By Application

• X-Ray Contrast Media
• Pharmaceuticals
• Optical Polarizing Films
• Catalyst in Polymer Processing
• Animal Feed
• Fluorochemicals
• Human Nutrition
• Others

US Iodine Market (2024-2030): FAQs