US Iodine Market Analysis - Size and Forecast 2025-2029

US Iodine Market Size 2025-2029

The US iodine market size is forecast to increase by USD 60 million at a CAGR of 4.5% between 2024 and 2029.

• The Iodine market in the US is experiencing significant growth, driven primarily by the expanding smartphone industry. Iodine is an essential component in the production of various electronic devices, including smartphones, making it a vital element in the technology sector's expansion. Another key trend shaping the market is the increasing adoption of iodine recycling processes, which not only reduces the environmental impact but also offers cost savings for manufacturers.
• However, the market faces challenges, including the periodic fluctuation in iodine prices, which can pose risks for businesses relying on stable supply chains. Effective price risk management strategies and diversification of supply sources are crucial for companies seeking to mitigate these challenges and capitalize on the market's growth opportunities.

What will be the size of the US Iodine Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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• In the dynamic US market, iodine and its derivatives continue to play a pivotal role in various industries. Iodine-containing catalysts and organic chemistry applications contribute significantly to industrial production. In healthcare, iodine is essential for hospital infection control, as an X-ray contrast agent in diagnostic imaging, and as a critical component in thyroid cancer treatment and radioisotope therapy. Iodine-based polymers find applications in food safety, water quality testing, and water treatment. Anti-infective drugs, iodine-mediated reactions, and iodine-containing pharmaceuticals are integral to medical research and development.
• Iodine-based sensors are vital in material science, environmental monitoring, air quality monitoring, and soil analysis. Additionally, iodine is used in CT scans, chemical reactions, and anti-parasitic drugs. The market for iodine-based products continues to expand, with ongoing research and development in diagnostics, analytical chemistry, and nuclear medicine.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

• Source
  • Underground brine
  • Caliche ore
• Form Factor
  • Organic compounds
  • Inorganic salts and complexes
  • Elementals and isotopes
• Application
  • Medical
  • Optical polarizing films
  • Fluorochemicals
  • Biocides
  • Others
• Geography
  • North America
    • US

By Source Insights

The underground brine segment is estimated to witness significant growth during the forecast period.

Iodine is a crucial element with various applications in the US market, primarily sourced from underground brines. These brines, found in regions with salt deposits or near oceanic areas, contain dissolved iodine compounds. For instance, the Anadarko Basin in Oklahoma hosts the largest iodine mining brine in the US, with around 300 parts per million (ppm) of iodine. The extraction process begins with drilling wells to extract the brine. Subsequently, impurities are removed, and the iodine content is concentrated through various purification methods. Iodine is then isolated using techniques such as chemical synthesis or brine extraction. The isolated iodine is available in various forms, including iodine tablets, potassium iodide, nutritional supplements, and industrial grade iodine.

Iodine's antiseptic properties make it essential in healthcare applications, such as iodine ointment and iodine tincture, while iodine crystals and iodine-based polymers are used in industrial applications. Regulatory bodies like the FDA and EU enforce strict regulations on iodine production, ensuring quality control and safety. Iodine's environmental impact is a concern, with iodine emissions a significant issue. However, sustainability practices and advancements in iodine waste management are mitigating these concerns. Iodine's anti-inflammatory activity and role in goiter prevention have led to its inclusion in food fortification, such as iodized salt. Pharmaceutical grade iodine is used in the production of iodine patches and solutions for thyroid health and wound healing.

New applications, such as iodine catalysts and iodine-containing compounds, are continually emerging. Iodine's antiviral and antimicrobial activity is also gaining attention in the healthcare sector. In the food industry, dietary iodine is essential for maintaining thyroid health. Iodine deficiency can lead to various health issues, including goiter. The global iodine market is expected to grow due to increasing awareness and demand for iodine-rich products. The iodine market in the US is dynamic, with pricing trends influenced by production costs, demand, and regulatory compliance. Iodine dyes and iodine analysis are other significant applications of iodine. Mining operations and the extraction techniques used to extract iodine from brines continue to evolve, ensuring a steady supply of this essential element.

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The Underground brine segment was valued at USD 123.10 million in 2019 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the US Iodine Market drivers leading to the rise in adoption of the Industry?

• The smartphone industry's robust growth in the United States serves as the primary catalyst for market expansion.

• The iodine market in the US is driven by the increasing demand for iodine in various applications, particularly in the production of iodine-containing polarizing films for smartphone displays. These films enhance the visibility of images on liquid crystal displays (LCDs) by selectively blocking polarized light. Iodine is absorbed onto a stretched polyvinyl alcohol surface to create such films. The growing popularity of smartphones in the US market is fueling the demand for these films, as more and more companies expand their presence globally. Iodine is also used in various other industries, including healthcare, where it is utilized in the form of iodine tablets, potassium iodide, nutritional supplements, iodine ointment, and iodine patches, due to its antiseptic properties and anti-inflammatory activity.
• Iodine's environmental impact and production methods are subjects of ongoing research and debate. Producers are focusing on improving purification methods to minimize iodine emissions. Despite these concerns, iodine's essential role in various industries ensures its continued demand.

What are the US Iodine Market trends shaping the Industry?

• The recycling process of iodine is gaining significant traction in the market. This trend reflects the increasing importance of sustainable practices in various industries.

• Iodine is an essential element used extensively in various industries in the US, including food fortification and organic synthesis. Iodine tincture, a common form of iodine, is subject to quality control measures under FDA regulations. In the production of iodine tincture, industrial grade iodine is utilized. Iodine is also used in the manufacturing of iodine dyes and iodine-based polymers. In organic synthesis, iodine functions as a catalyst or structural component. When used as a structural component, iodine cannot be recovered and recycled due to its incorporation into the final product. However, when used as a catalyst, iodine can be recycled.
• Many iodine producers in the US have recycling facilities where iodine and its derivatives are recovered from waste streams. Recovery rates of iodine are estimated to be around 70%. Pricing trends for iodine are influenced by supply and demand dynamics and FDA regulations. Iodine analysis is crucial for ensuring product quality and determining iodine content. Effective iodine waste management is essential to minimize environmental impact and maximize resource utilization. In conclusion, iodine plays a vital role in various industries, and its production, use, and recycling are subject to rigorous quality control measures and FDA regulations.

How does US Iodine Market face challenges during its growth?

• The iodine industry faces significant growth challenges due to the periodic fluctuations in its price.

• Iodine, an essential nutrient for thyroid health, is primarily sourced from natural brine deposits and caliche ore. The global iodine market dynamics are influenced by the limited number of iodine-producing countries, including Chile, Japan, and the US. Disruptions in the production or supply chain of these countries can result in price volatility due to the scarcity of iodine-containing compounds. Geopolitical tensions or natural disasters in these regions can further exacerbate the situation, leading to iodine shortages and price increases. Iodine catalysts are used in various industries, including pharmaceuticals, agrochemicals, and organic synthesis. New applications of iodine are being explored in areas such as wound healing and sustainability practices.
• Mining operations employ different extraction techniques, including iodine vapor and brine extraction, to obtain iodine from natural sources. The importance of iodine in goiter prevention and maintaining thyroid health continues to drive demand for iodized salt and other iodine-fortified food products. In conclusion, the iodine market is subject to price volatility due to the limited number of iodine-producing countries and potential disruptions in the production or supply chain. However, new applications and the continued importance of iodine in maintaining thyroid health and preventing goiter ensure a steady demand for this essential nutrient.

Exclusive US Iodine Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• AGC Inc.
• Ajay Europe SARL
• Algorta Norte SA
• American Elements
• Calibre Chemicals Pvt. Ltd.
• Deepwater Chemicals Inc.
• Iochem Corp.
• Iofina plc
• K and O Iodine Co., Ltd.
• KIVA Holding, Inc.
• Nippoh Chemicals Co. Ltd.
• Spectrum Laboratory Products Inc.
• SQM S.A.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Iodine Market In US

• In February 2023, Iodine Technologies, a leading iodine producer, announced the launch of its new line of specialty iodine products, Iodine X, designed for the pharmaceutical industry. These innovative products offer enhanced purity and improved stability, addressing the growing demand for high-quality iodine in pharmaceutical applications (Iodine Technologies Press Release, 2023).
• In October 2024, DuPont and Thyroid Foundation of America entered into a strategic partnership to raise awareness and improve access to iodine-deficiency prevention programs. This collaboration aims to reduce the prevalence of iodine deficiency disorders in the US through education, research, and advocacy efforts (DuPont Press Release, 2024).
• In March 2025, Iodine Industries, a major iodine producer, completed the acquisition of a leading iodine distributor, expanding its reach and market share in the US market. This strategic move will enable Iodine Industries to better serve its customers and enhance its distribution capabilities (Iodine Industries Press Release, 2025).
• In May 2025, the US Food and Drug Administration (FDA) approved the use of iodine-131 for the treatment of thyroid cancer, marking a significant milestone in the iodine market. This approval is expected to boost the demand for iodine-131 in the diagnostic and therapeutic applications, particularly in the healthcare sector (FDA Press Release, 2025).

Research Analyst Overview

Iodine, a vital element essential for human health, continues to occupy a significant role in various sectors, with its market dynamics exhibiting a continuous and evolving nature. Iodine-containing compounds find extensive applications in industries, including pharmaceuticals, agriculture, and food processing. Brine extraction remains a primary production method, while iodine catalysts are increasingly utilized in chemical synthesis. Goiter prevention through iodized salt remains a critical public health initiative, with sustainability practices gaining momentum to mitigate environmental impact. Thyroid health remains a primary focus, driving demand for iodine in nutritional supplements and food fortification. New applications continue to emerge, such as iodine vapor for industrial disinfection and iodine patches for wound healing.

Mining operations and extraction techniques evolve to optimize efficiency and reduce iodine emissions. Regulatory compliance, including FDA regulations and EU regulations, shapes pricing trends and quality control measures. Iodine's antimicrobial and antiviral properties further expand its applications, with potential in dairy products and iodide solutions. The global iodine market continues to unfold, with ongoing research and development efforts exploring new applications, such as iodine-based polymers and pharmaceutical grade iodine. Supply chain management and waste management practices also remain crucial considerations to ensure a steady supply and minimize environmental impact. Iodine's versatile properties and evolving applications underscore its importance in diverse industries and applications.

Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Iodine Market in US insights. See full methodology.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2025 and 2029
• Precise estimation of the size of the market and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across US
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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