TechNavio recognizes the following companies as the key players in the Global Iodine Market: ACF Minera S.A., Algorta Norte S.A., Compañía de Salitre y Yodo de Chile (Cosayach), Godo Shigen Sangyo Co. Ltd., Iofina plc, ISE Chemicals Corp., Sirocco Mining Inc., and Sociedad Química y Minera de Chile S.A. (SQM)
Commenting on the report, an analyst from TechNavio’s team said: “Faced with the rapid rise in global demand for iodine and its derivatives, producers are looking to expand their production facilities and explore new regions to increase their iodine production. Since early 2012 producers in Japan have been running their plants at full capacity, and have few opportunities to further increase iodine production. However, the production capacities in the US and Chile are forecast to increase in the near future, due to exploration of new mines in Chile and an increase in production capacities of existing plants. Major players such as SQM, ACF Minera, and Sirocco Mining are planning to substantially increase their annual output of iodine by 2014.”
According to the report, one of the main drivers of this market is the increased demand for iodine from developing countries. As a result of the growing awareness about iodine deficiency disorder among the general population along with more and more governmental subsidized programs and social marketing activities, the consumption of iodine has increased in developing countries.
Further, the report states that one of the major challenges faced by this market is the lack of professionals in the mining of iodine-rich ores. The market is highly affected by the shortage of skilled labor.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-iodine-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Iodine Market 2012-2016
