The Asia Pacific iodine derivatives market is expected to grow from US$ 317.56 million in 2023 and is projected to reach US$ 540.49 million by 2031; it is expected to register a CAGR of 6.9% from 2023 to 2031.
Iodine derivatives are integral in the production of various chemicals. A group of iodine derivatives, known as "organoiodine" compounds, are used as intermediates in large-scale production of pesticides and disinfectants, and soil fumigants. The chemicals industry is proliferating in several Asia Pacific countries. China is a frontrunner in chemical production, particularly fundamental chemicals. According to the Information Technology & Innovation Foundation, the country accounted for 44% of global chemical production and 46% of the total capital investment in 2022. Various Chinese companies are making efforts to gain a competitive advantage in fine chemicals.
At the same time, they are raising their investments in research and development to become more innovative, with the government providing significant support. According to the Organisation for Economic Co-Operation and Development (OECD), China led the world economy in 2020 with 29.1% of chemicals industry value-added output, up from 3.8% in 1995. In Japan, the chemicals industry is the second largest manufacturing industry. India also has a highly diversified chemicals industry, with its ability to manufacture more than 80,000 products and employ more than 2 million people.
As per the India Brand Equity Foundation, the country ranks 6th and 3rd among the largest producers of chemicals in the world and Asia, respectively; the industry contributes 7% to India's GDP. Rising demand for chemical intermediates from industries such as personal care, home care, and food processing further propels the progress of different segments in the specialty chemicals market in India. Therefore, the strong growth of the chemicals industry is expected to offer significant growth opportunities for the growth of the Asia Pacific iodine derivatives market.
A few key players operating in the Asia Pacific iodine derivatives market are AJAY SQM; Nanjing Taiye Chemical Industry Co., Ltd.; Silverline Chemicals; Infinium Pharmachem Limited; Calibre Chemicals Pvt Ltd; Amphray Laboratories; Samrat Pharmachem Limited; TOHO EARTHTECH, INC; ISE CHEMICALS CORPORATION; and Tai'an Hanwei Group Co., Ltd. Players operating in the market are highly focused on developing high-quality and innovative product offerings to fulfill customers' requirements.
The overall Asia Pacific iodine derivatives market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants, such as valuation experts, research analysts, and key opinion leaders - specializing in the Asia Pacific iodine derivatives market.
Iodine derivatives are integral in the production of various chemicals. A group of iodine derivatives, known as "organoiodine" compounds, are used as intermediates in large-scale production of pesticides and disinfectants, and soil fumigants. The chemicals industry is proliferating in several Asia Pacific countries. China is a frontrunner in chemical production, particularly fundamental chemicals. According to the Information Technology & Innovation Foundation, the country accounted for 44% of global chemical production and 46% of the total capital investment in 2022. Various Chinese companies are making efforts to gain a competitive advantage in fine chemicals.
At the same time, they are raising their investments in research and development to become more innovative, with the government providing significant support. According to the Organisation for Economic Co-Operation and Development (OECD), China led the world economy in 2020 with 29.1% of chemicals industry value-added output, up from 3.8% in 1995. In Japan, the chemicals industry is the second largest manufacturing industry. India also has a highly diversified chemicals industry, with its ability to manufacture more than 80,000 products and employ more than 2 million people.
As per the India Brand Equity Foundation, the country ranks 6th and 3rd among the largest producers of chemicals in the world and Asia, respectively; the industry contributes 7% to India's GDP. Rising demand for chemical intermediates from industries such as personal care, home care, and food processing further propels the progress of different segments in the specialty chemicals market in India. Therefore, the strong growth of the chemicals industry is expected to offer significant growth opportunities for the growth of the Asia Pacific iodine derivatives market.
A few key players operating in the Asia Pacific iodine derivatives market are AJAY SQM; Nanjing Taiye Chemical Industry Co., Ltd.; Silverline Chemicals; Infinium Pharmachem Limited; Calibre Chemicals Pvt Ltd; Amphray Laboratories; Samrat Pharmachem Limited; TOHO EARTHTECH, INC; ISE CHEMICALS CORPORATION; and Tai'an Hanwei Group Co., Ltd. Players operating in the market are highly focused on developing high-quality and innovative product offerings to fulfill customers' requirements.
The overall Asia Pacific iodine derivatives market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants, such as valuation experts, research analysts, and key opinion leaders - specializing in the Asia Pacific iodine derivatives market.
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Asia Pacific Iodine Derivatives Market Landscape
5. Asia Pacific Iodine Derivatives Market - Key Market Dynamics
6. Asia Pacific Iodine Derivatives Market Analysis
7. Asia Pacific Iodine Derivatives Market Volume and Revenue Analysis - by Type
8. Asia Pacific Iodine Derivatives Market Revenue Analysis - by Application
9. Asia Pacific Iodine Derivatives Market - Country Analysis
10. Competitive Landscape
11. Industry Landscape
12. Company Profiles
13. Appendix
Companies Mentioned
- AJAY SQM
- Nanjing Taiye Chemical Industry Co., Ltd.
- Silverline Chemicals
- Infinium Pharmachem Limited
- Calibre Chemicals Pvt Ltd
- Amphray Laboratories
- Samrat Pharmachem Limited
- TOHO EARTHTECH,INC
- ISE CHEMICALS CORPORATION
- Tai'an Hanwei Group Co., Ltd
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 152 |
| Published | November 2024 |
| Forecast Period | 2023 - 2031 |
| Estimated Market Value ( USD | $ 317.56 Million |
| Forecasted Market Value ( USD | $ 540.49 Million |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 10 |
