United States Iodine Market

Market Overview:

United States iodine market size reached US$ 224.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 302.6 Million by 2032, exhibiting a growth rate (CAGR) of 3.40% during 2024-2032. The rising consumer health consciousness, coupled with the expanding healthcare industry, is primarily driving the market growth across the country.

Iodine, a non-metallic halogen element, is naturally present in seawater. It holds significance as a crucial nutrient in the human diet, playing vital roles in medicine, photography, and analytical chemistry. At standard conditions, iodine exists as a semi-lustrous solid. As the heaviest essential mineral nutrient, it is essential for the synthesis of thyroid hormones. Iodide salts derived from iodine find extensive applications in various industries, including pharmaceuticals, disinfectants, printing inks, dyes, catalysts, animal feed supplements, and photographic chemicals. To prevent iodine deficiency affecting the thyroid gland, these salts are added in small quantities to table salt. Notably, iodine displays low reactivity and is the least reactive and most electropositive halogen. Additionally, its solubility in select solvents contributes to its versatility in different applications.

United States Iodine Market Trends:

The iodine market in the United States is characterized by its multifaceted applications and essential role in various industries. As a non-metallic halogen element naturally occurring in seawater, iodine holds significance as a crucial nutrient in the human diet and finds applications in medicine, photography, and analytical chemistry. Additionally, in the United States, iodine serves a pivotal function in the synthesis of thyroid hormones, being the heaviest essential mineral nutrient, which is acting as another significant growth-inducing factor. Besides this, iodide salts, derived from iodine, are extensively utilized in pharmaceuticals, disinfectants, printing inks, dyes, catalysts, animal feed supplements, and photographic chemicals. The market is further influenced by the practice of adding iodine in small amounts to table salt, a preventive measure against iodine deficiency affecting the thyroid gland. Furthermore, the United States iodine market exhibits the element's low reactivity, making it the least reactive and most electropositive halogen. Its solubility in specific solvents adds to its versatility in diverse applications. The integration of iodine with accounting software and ERP systems for real-time visibility into financial data and enhanced reconciliation processes contributes to the market's growth. Overall, its indispensable role in various sectors, and advancements in technology and the recognition of its vital nutritional and industrial significance are expected to fuel the regional market over the forecasted period.

United States Iodine Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on source, form, and application.

Source Insights:

• Underground Brine
• Caliche Ore
• Recycling
• Seaweeds
   

The report has provided a detailed breakup and analysis of the market based on the source. This includes underground brine, caliche ore, recycling, and seaweeds.

Form Insights:

• Inorganic Salts and Complexes
• Organic Compounds
• Elementals and Isotopes
   

A detailed breakup and analysis of the market based on the form have also been provided in the report. This includes inorganic salts and complexes, organic compounds, and elementals and isotopes.

Application Insights:

• Animal Feed
• X-Ray Contrast Media
• Biocides
• Optical Polarizing Films
• Fluorochemicals
• Nylon
• Others
   

The report has provided a detailed breakup and analysis of the market based on the application. This includes animal feed, x-ray contrast media, biocides, optical polarizing films, fluorochemicals, nylon, and others.

Regional Insights:

• Northeast
• Midwest
• South
• West
   

The report has also provided a comprehensive analysis of all the major regional markets, which include the Northeast, Midwest, South, and West.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the key players include:

• American Elements
• Deepwater Chemicals Inc. (Toyota Tsusho Corp)
• Iochem Corporation
• Iofina plc
• Kiva Holding Inc.
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

United States Iodine Market Report Coverage:

Key Questions Answered in This Report:

• How has the United States iodine market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the United States iodine market?
• What is the breakup of the United States iodine market on the basis of source?
• What is the breakup of the United States iodine market on the basis of form?
• What is the breakup of the United States iodine market on the basis of application?
• What are the various stages in the value chain of the United States iodine market? 
• What are the key driving factors and challenges in the United States iodine?
• What is the structure of the United States iodine market and who are the key players?
• What is the degree of competition in the United States iodine market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States iodine market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the United States iodine market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States iodine industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.