The average price of iodine in the United States stood at some ** U.S. dollars per kilogram in 2024, a considerable decrease compared the previous year. This figure is one of the highest average price of this compound in the period of consideration.

In May 2025, the average iodine import price amounted to $68,562 per ton, standing approximately at the previous month.

In Q3 2025, Japan, the Iodine Price Index rose by 1.02% quarter-over-quarter, supported by supply and moderate demand. Check detailed insights for Europe, South America and North America .

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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

The average iodine import price stood at $73,221 per ton in March 2025, surging by 8.3% against the previous month.

In 2022, the market value of iodine amounted to approximately 1.06 billion U.S. dollars worldwide. By 2030, this figure is forecast to grow to around 1.38 billion U.S. dollars.

According to Cognitive Market Research, the global iodine market size was USD 796.2 billion in 2024and will expand at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031. Market Dynamics of IodineMarket

Key Drivers for Iodinen Market

Increased demand in the healthcare and pharmaceutical industry- One of the main reasons the iodine market is growing is due to the growing demand in the healthcare and pharmaceutical industries. Iodine is crucial in medical applications such as disinfectants, contrast media for imaging, and pharmaceutical products like antiseptics and thyroid medications. Rising healthcare expenditures globally, coupled with growing awareness of iodine's health benefits, particularly for thyroid function, drive its demand. Furthermore, iodine's role in nutrition, especially in regions with iodine deficiency, amplifies its market growth.
The environmental concerns and regulationsare anticipated to drive the iodine market's expansion in the years ahead.

Key Restraints for Iodine Market

The price volatilityposes a serious threat to the iodine industry.
The market also faces significant difficulties related to fluctuating demand for iodine.

Key Trend for Iodine Market

Growth is driven by sustainable innovation and diversified demand.

Driven by worldwide health trends and the shift toward clean energy, there is significant demand for iodine in the healthcare sector (contrast media, antiseptics), renewable energy sector (perovskite solar cells, lithium-ion batteries), and intelligent agriculture sector (biostimulants, animal nutrition). Sustainable extraction techniques, such brine recycling, are being accelerated by geopolitical supply chain pressures, notably Chile's production dominance, while more stringent requirements for water treatment and food fortification are broadening their applications. Iodine is a vital commodity in the health, energy, and food security industries because of its fluctuating prices and the demand for high-purity iodine in modern electronics, highlighting the market's dual focus on supply resilience and technology-driven diversification.

Introduction of the Iodine Market

Iodine is a chemical element essential for thyroid hormone production, crucial for regulating metabolism and growth. It exists naturally in seawater and soil, and its deficiency can lead to thyroid disorders. Industrially, iodine is used in medical disinfectants and dyes and in the production of LCD screens and pharmaceuticals. Its critical role in various industries such as healthcare, pharmaceuticals, and nutrition; iodine's applications in X-ray contrast media and as a disinfectant; industrial expansion, healthcare advancements, supply constraints and regulatory changes, strong healthcare sector, technological innovations, iodine's diverse industrial applications, and regional demand variations are influencing the iodine market growth.

The global iodine market size reached USD 1,044.6 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,575.9 Million by 2033, exhibiting a growth rate (CAGR) of 4.44% during 2025-2033. The growing demand for iodine in the healthcare industry for medical imaging and treatments is accelerating the market.

In July 2023, the price of Iodine stood at $52,419 per ton (FOB, Japan), representing a 6% increase from the previous month.

In 2023, approx. 85 tons of iodine were imported into Russia; waning by -64.1% compared with the previous year.

The Iodine Report is Segmented by Source (Underground Brine, Caliche Ore, Seaweed, and Recycling), Form (Elementals and Isotopes, Inorganic Salts and Complexes, and Organic Compounds), End-User Industry (Animal Feed, Medical, Biocides, Optical Polarizing Films, and More), and Geography (North America, South America, Europe, Asia-Pacific, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Volume (Kilotons).

Discover the booming Iodine Market, projected to reach [estimated 2033 market size] by 2033 with a CAGR of 4.66%! This in-depth analysis covers market drivers, trends, restraints, key players (Adani Pharmachem, Iofina Plc, Solvay SA, etc.), and regional insights. Explore the applications in pharmaceuticals, XR contrast media, and more.

In February 2023, the iodine price reached $60,606 per ton (CIF, US), a 3.9% increase from the previous month.

The iodine market, exhibiting a Compound Annual Growth Rate (CAGR) of 5.48% from 2019 to 2024, is poised for continued expansion through 2033. This growth is driven by increasing demand from diverse sectors including pharmaceuticals (especially in contrast media and disinfectants), animal feed supplements (for thyroid function in livestock), and the chemical industry (as a catalyst and reagent). The rising global population and consequent increased healthcare needs significantly contribute to the market's expansion. Furthermore, technological advancements leading to more efficient iodine extraction and production processes, along with the growing awareness of iodine deficiency disorders (IDDs) and their impact on public health, fuel market growth. However, price fluctuations in raw materials and stringent environmental regulations surrounding iodine production present challenges to sustained growth. The market is segmented based on application (pharmaceuticals, animal feed, chemicals, etc.), type (iodide, iodate, etc.), and geography. Major players, including SQM SA, Iofina, and Godo Shigen Co Ltd, are actively involved in market consolidation and strategic partnerships to enhance their market share and product offerings. The market shows regional variations in growth, with developed economies like North America and Europe exhibiting steady growth, while developing economies in Asia-Pacific are projected to witness faster expansion, driven by increasing industrialization and rising disposable incomes. The forecast period (2025-2033) anticipates consistent growth, albeit potentially at a slightly moderated rate compared to the historical period. This moderation could be attributed to factors like market saturation in certain segments and ongoing regulatory scrutiny. Nevertheless, the expanding pharmaceutical and animal feed sectors, along with the development of new applications for iodine in emerging fields like advanced materials and electronics, suggest robust growth potential for the long term. Companies are increasingly focusing on sustainable and environmentally friendly iodine production methods, reflecting growing environmental awareness and a desire to mitigate the associated risks. Strategic acquisitions and joint ventures are also expected to influence market dynamics in the coming years, leading to greater market concentration amongst leading players. Recent developments include: The recent developments pertaining to the major players in the market will be covered in the complete study.. Key drivers for this market are: Increasing Demand in X-ray Contrast Media, Growing Iodine Deficiency Among People. Potential restraints include: Increasing Demand in X-ray Contrast Media, Growing Iodine Deficiency Among People. Notable trends are: The Medical Segment is Expected to Dominate the Market.

The global iodine market is booming, projected to reach $1.5 billion by 2033 with a 5.4% CAGR. Driven by pharmaceutical, industrial, and animal nutrition applications, this comprehensive market analysis explores key trends, restraints, and leading companies in this vital sector. Learn more about iodine market size, growth projections, and regional insights.

136 Global export shipment records of Crude Iodine with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

In May 2022, the iodine price per ton amounted to $37,857 (CIF, US), with a decrease of -2.5% against the previous month.

In 2023, after three years of growth, there was significant decline in purchases abroad of iodine, when their volume decreased by -16.3% to 3.3K tons.

The global iodine raw material market is booming, projected to surpass $1.5 billion by 2033. Driven by medical, food, and industrial applications, this comprehensive market analysis explores growth drivers, restraints, key players (SQM, Cosayach, Ise Chemicals), and regional trends, offering insights for investors and industry professionals. Discover future market projections and understand the impact of sustainable sourcing and technological advancements.

The size of the Iodine Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 5.48% during the forecast period. Recent developments include: The recent developments pertaining to the major players in the market will be covered in the complete study.. Key drivers for this market are: Increasing Demand for Iodine in Medical Applications. Potential restraints include: Price of iodine can be volatile due to its limited sources. Notable trends are: Growing trend towards more sustainable and environmentally friendly extraction methods to address environmental concerns.