chemicalindustrygrowth

Iodine Market Analysis  The global iodine market is anticipated to touch USD 1,073.7 million at a 4.89% CAGR between 2018-2023, states the latest Market Research Future (MRFR) report. Iodine or iodide is a form of a mineral that is found naturally in the ocean waters and the earth’s soil. This chemical element plays a pivotal role in human and animal nutrition for its capacity for sustaining the functioning of the thyroid hormone. Most saltwater, as well as plant-based foods, have iodine and are widely accessible in iodized salt. Iodine has versatile applications covering almost every industry, from water disinfection, electronics, nutrition, to medicine and more.  Various factors are propelling the iodine market growth. Such factors, according to the latest Market Research Future report, include increasing incidence of iodine deficiency, especially in developing countries, increasing use in biocides, burgeoning demand in the catalyst sector, technological advancements i...