Iodine Market Expected To Reach US$ 1,679.4 Mn By 2024embed
Iodine is a halogen element in group seven of the periodic table, with atomic number 53. It is blue-black in color and has shiny lustre. Iodine and its derivatives are widely used as an intermediate in industrial chemicals and for human nutrition.
According to a new market report published by Persistence Market Research titled, “Iodine Market: Global Industry Analysis and Forecast, 2016–2024”, the global market for iodine is estimated to be valued at US$ 1,679.4 Mn by 2024, Driven by Increasing Use of Iodine as Contrast Imaging Agent across the Globe and as Industrial Catalyst and Sterilizing Agent. Iodine is a halogen element in group seven of the periodic table, with atomic number 53. It is blue-black in color and has shiny lustre. Iodine and its derivatives are widely used as an intermediate in industrial chemicals and for human nutrition. The element is sourced from water bodies such as oceans and water pools as well as from seaweed. Iodine deficiency in humans results in various health-related issues such as goiter, mental retardation, heart diseases, and eyesight problems. Request to view table of content @ https://www.persistencemarketresearch.com/toc/3591 In this report, the global iodine market has been segmented on the basis of regions. By 2024, the market in North America is expected to account for 21.6% volume share of the overall global iodine market, followed by APAC and Western Europe. Due to increasing prevalence of thyroid disorders among the aging population, especially in developing regions such as APAC, the iodine market in the region is projected to expand at a higher than average CAGR of 9.0% over 2016–2024 in terms of revenue. The market in MEA, which is anticipated to account for 7.0% revenue share of the overall global market by 2024 end, is expected to be driven by increasing use of iodine as catalysts in industries in the region. Request Sample Report @ https://www.persistencemarketresearch.com/samples/3591 The global iodine market has also been segmented on the basis of various applications. Catalysts segment in the global iodine market is expected to expand at a lower than average CAGR of 2.2% in terms of volume over 2016–2024, while X-ray contrast media segment is expected to expand at a CAGR of 4.4% over the same period. Extraction of iodine from nitrite ores is expected to be the highest in APAC due to abundance of caliche ores in the region. Extraction of iodine from natural brines in North America is expected to increase at a CAGR of 3.6% in terms of value during the forecast period. Increase in GDP output is one of the major factors driving the iodine market. The market in APAC, which is expected to register exponential increase in GDP among various developing economies in the region, is expected to witness high revenue growth during the forecast period. Meanwhile, the market in developed economies is expected to decline in the near future due to lower GDP growth, thereby implying lower consumption compared to other economies. Buy Iodine Market Report @ https://www.persistencemarketresearch.com/checkout/3591 About Us Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multidimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes. Contact Us Persistence Market Research 305 Broadway 7th Floor, New York City, NY 10007, United States, USA,Canada Toll Free: 800-961-0353 Email: [email protected] Web: https://www.persistencemarketresearch.com/