Underground Brine Iodine Market size is estimated to be USD 1.05 Billion in 2024 and is expected to reach USD 1.78 Billion by 2033 at a CAGR of 6.4% from 2026 to 2033.
The Asia Pacific Underground Brine Iodine Market is experiencing significant growth, driven by escalating demands across various industries. In 2023, the pharmaceutical sector dominated the market with a 35% share, followed by the chemical industry at 30%, glass industry at 20%, and animal industry at 10% turn0search4. This surge is attributed to the increasing utilization of iodine in medical imaging, antiseptics, and nutritional supplements.
Pharmaceutical Industry: Iodine is essential in the production of X-ray contrast agents, antiseptics, and thyroid medications. The rising prevalence of thyroid disorders and an aging population are fueling demand turn0search9.
Chemical Industry: Used in the synthesis of various organic and inorganic compounds, iodine's role is expanding with advancements in chemical manufacturing processes.
Glass Industry: Iodine compounds are utilized in the production of specialty glass, including optical lenses and LCD panels, due to their unique light-absorbing properties.
Animal Industry: Iodine supplements are vital for animal health, preventing deficiencies that can lead to growth and reproductive issues.
Technological advancements in extraction methods, such as ion exchange and carbon absorption, have enhanced the efficiency of iodine recovery from underground brines turn0search11. The Asia Pacific region, particularly countries like China and India, is leading in production due to abundant brine resources and growing industrialization turn0search0.
With the global iodine market projected to reach USD 1.51 billion by 2032, the Asia Pacific Underground Brine Iodine Market is poised for continued expansion turn0search7. Industries are expected to invest in sustainable extraction technologies and explore new applications, ensuring a robust demand trajectory in the coming years.
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SQM
Cosayach
Ise Chemicals
Algorta Norte S.A.
Godo Shigen
Iochem
Nippoh Chemicals
RB Energy
Toho Earthtech
Iofina
By 2030, Asia Pacific is expected to witness significant momentum in the market research industry, aligning with the global projection of surpassing $120 billion, driven by a compound annual growth rate (CAGR) of over 5.8% from 2023 to 2030. The industry in Asia Pacific is being reshaped by technological disruptions, particularly through the adoption of machine learning, artificial intelligence, and advanced data analytics. These technologies provide businesses with predictive analysis and real-time consumer insights, enabling smarter and more precise decision-making. As part of the broader Asia-Pacific region, Asia Pacific is positioned to contribute substantially to the over 35% revenue growth expected from this region. Additionally, the adoption of innovative techniques such as mobile surveys, social listening, and online panels is rapidly gaining ground in Asia Pacific, emphasizing speed, precision, and customization, and driving a new era of data-driven strategies across industries.
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Growing demand for below applications around the world has had a direct impact on the growth of the Asia Pacific Underground Brine Iodine Market
Natural Brine
Artificial Brine
Others
High Purity (≥99%)
Medium Purity (90-99%)
Low Purity (<90%)
Pharmaceuticals
Food & Beverages
Chemicals
Cosmetics
Agricultural Products
Powder
Liquid
Granules
Healthcare
Agriculture
Food Processing
Cosmetics Manufacturing
Chemicals Industry
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the Asia Pacific Underground Brine Iodine Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Asia Pacific Underground Brine Iodine Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Asia Pacific Underground Brine Iodine Market, By Type
6. Asia Pacific Underground Brine Iodine Market, By Application
7. Asia Pacific Underground Brine Iodine Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Asia Pacific
Vietnam
8. Asia Pacific Underground Brine Iodine Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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