New York, Mar, 2022: Axiom Market Research & Consulting™ added a report on global iodine derivatives market which includes study on type, application across various countries of key regions across the globe. The global Iodine derivatives market was projected to grow at a CAGR of 5.82% for the forecast period 2022 to 2028. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the iodine derivatives market. 

The factors such as increasing use of iodine derivatives in human food and animal feed and increasing use of iodine in optical polarizing films in LCD applications. As, iodine is an essential nutrient for both humans and animals. Deficiencies of iodine in animals can cause severe health effects such as goitre and reduced growth rates. Owing to the scarcity of iodine, it is often necessary to supplement animal feed with various forms of iodine like calcium iodate and ethylenediamine hydroiodide (EDDI).

The report analyses the global iodine derivatives industry based on application, type, and geography. Several applications of the industry are segmented into pharmaceutical, food & feed, cosmetics, agrochemical, electronics, nylon production, and others (chemical, sanitation). The major type of iodine derivatives are potassium iodate, sodium iodate, calcium iodate, potassium iodide, copper iodide, ethylenediamine dihydroiodide, and others. The global iodine derivatives market is studied across various key countries of regions such as, North America, Europe, Asia Pacific and Rest of the World.

The pharmaceutical application segment is expected to dominate the Iodine derivatives market during the forecast period

The market players have witnessed rising new growth opportunities in this application sector as in pharmaceutical, the iodine derivatives are mostly used for preparing disinfectant, bactericides, and analgesics among others like tincture of iodine.  Besides, the pharma companies often have increasing demand for various potassium iodate with rapid demand for various pharma products to maintain their patient engagement where pharmaceutical chemicals have witnessed demand globally. 

In 2021, potassium iodate type accounted for the major market share

With wide range of application and uses in various application industry is expected to drive the demand for global iodine derivatives market. Furthermore, ideally potassium iodide is mostly present in colourless crystals or white powder, which is odourless. The taste of the chemical is almost like saline and slight bitter.  

North America dominated Iodine derivatives market in 2021 and is expected to witness the fastest growth in upcoming years

North America is likely to witness rising demand for iodine derivatives market. North America dominates the iodine derivative market due to the rise in the meat consumption. Furthermore, the increase in the poultry industry will further boost the growth of the iodine derivative market in the region during the forecast period.

Key Players: 

The key competitor of the market includes Iofina plc. (United Kingdom), Godo Shigen Co., Ltd (Japan), Nippoh Chemicals. (Japan), Zibo Wankang Pharmaceutical Chemical. (China), Nanjing Taiye Chemical Industry (China), Qingdao Gimhae Iodide Chemical Co (China), Ajay-SQM Group. (United States), Infinium Pharmachem Pvt Ltd (India), Amphray Laboratories (India), Samrat Pharmachem Limited (India), Calibre Chemicals Pvt. Ltd (India), Omkar Speciality Chemicals Ltd (India), Merck Ltd. (India) among others.

Browse for More Details: https://www.axiommrc.com/product/11217-iodine-derivatives-market-report

Contact Us:

Ganesh Sai

United States

3 Germay Dr.Ste 4 - 4666

Wilmington DE 19804

U.S.:- + 1 (845) 875-9786

U.K.:- + 44 (0) 20 3286 9707

Email: sales@axiommrc.com