Global Iodine Market is Estimated to Reach US$ 1,224.3 Mn by 2016 End By PMR

NEW YORK, June 13, 2016 /PRNewswire/ --

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

PMR 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. The iodine market in Latin America is estimated to register an average increase in revenue due to lower GDP growth in the region.

To Get a Sample Report of Iodine Market: http://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.

Browse through the full Global Iodine Market report TOC at http://www.persistencemarketresearch.com/market-research/iodine-market.asp

Some of the market players  

• Iofina Chemical Inc.
• SQM
• IOCHEM Corporation
• ISR Holding
• Quingdao Brightmoon Seaweed Group Co. Ltd.
• Algorta Norte S.A

To buy full report: http://www.persistencemarketresearch.com/checkout/3591

By Source 

• Natural Brines
• Nitrite Ores
• Others (Seaweed)

By Application 

• X-Ray Contrast Media
• Catalysts
• Biocides
• LED/LCD Polarizing Films
• Feed Additives
• Human Nutrition
• Others

By Region 

• North America
• Latin America
• Europe
• APAC
• MEA

For Journalist: http://www.persistencemarketresearch.com/page/journalist-resources.asp

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 multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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SOURCE Persistence Market Research Pvt. Ltd.