Iodine Industry Growth
The Global Iodine market is poised to grow at a CAGR of more than five percent by 2022. Ajay SQM Group, one of the top leaders in the industry, is here to explain the top reasons why iodine is on the rise.
1. The Healthcare and Chemical Industries
Iodine’s main consumer is the healthcare industry, followed closely by the chemical industry — two industries that are experiencing exponential growth right now. Because these industries are both performing so well, this is increasing the demand for iodine. Iodine is used in both of these industries as a chemical intermediate.
As the healthcare and chemical industries are expanding into the developing nations of the world, this increases the demand for iodine all across the planet as well. Add to this the increasing demand for iodine from LCDs, and you will see the future of the iodine market, and all the opportunities within it.
2. The Global Market
As far as the global market for iodine goes, Europe is the main player. It buys and uses the most iodine in healthcare and chemical businesses. The Asian Pacific, on the other hand, has the highest rate of growth on the planet in the iodine market. Iodine production has recently expanded into this area, and as companies in this part of the world discover the wonderful ways in which they can use iodine to improve their economies, the demand for iodine has greatly increased. As far as iodine production goes, the United States, Chile and Japan are the largest producers, and they sell it to the rest of the world.
Among companies in the iodine industry, Ajay SQM Group is one of the leaders. It has a high share of the market at both the regional and country levels, as well as a solid market share among the industry’s top leaders. The company understands and excels in things like market trends, investment opportunities, market opportunities, market drivers and recommendations for market improvements. It is also a leader in technological advancements in the iodine industry.
Further, Iodeal only hires qualified employees. One is much more likely to find a fully certified and qualified iodine chemist at Iodeal than at most other companies in its share of the market. As the leading specialty chemical supplier of iodine products, Iodeal has a lot to offer, and a lot of companies that want to do business with it. Companies that are beginning to use iodine, as well as those that have been using it for a while, will find that their experience in getting quality iodine products, including those that are specialized for their unique needs, is a simple thing at Iodeal.
The company’s strategic position in the market means it will be able to be a leader to emulate among other specialty iodine product companies for decades or more to come. For more information, contact us today.