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Iodine Market Size, Industry Share and Growth Insights by Top Companies | Industry Forecast to 2027

According to the study, The global Iodine market size was USD 915.9 million in 2019 and is projected to reach USD 1,283.0 million by 2027, exhibiting a CAGR of 4.4%


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Akash bainr

2 months ago | 1 min read
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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.



Applications across Diverse Industry
Verticals will Emerge in Favor of Market Growth



The report highlights a few of the
major industry developments of recent times and discusses their impact on the
global market. The increasing applications of iodine across diverse industry
verticals have certainly encouraged companies to invest more in the R&D
section. The presence of several large scale companies provides impetus to the
growth of the market. Iodine is not just used in medical applications but also
in cosmetics food and beverages and other large scale sectors. Although medical
properties have been highlighted, the substance is also widely used in
cosmetics as a coloring agent due to its elusive color. Their increasing investments
in RMD will widen the application scope of the product in the coming years.
Iodine is said to have exceptional medical properties although excessive
consumption can also have a few negative effects.



Information source:



https://www.fortunebusinessinsights.com/iodine-market-103889



 







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