The Global Iodine Market was valued at USD 891 Million in 2024 and is projected to reach USD 1,314 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2024–2032). This growth is being driven by increasing demand from pharmaceutical applications, expanding use in industrial processes, and the critical role of iodine in global public health through nutrition fortification.

As industries from healthcare to electronics increasingly rely on this versatile element, the spotlight is on the key producers who control supply chains, drive technological innovation, and ensure the stability of this essential market. In this blog, we profile the Top 10 Companies in the Iodine Industry—a mix of mining giants, chemical specialists, and technology innovators shaping the future of global iodine supply.

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🔟 1. SQM (Sociedad Química y Minera de Chile)

Headquarters: Santiago, Chile
Key Offering: High-Purity Iodine, Iodine Derivatives, Industrial-Grade Iodine

SQM is the world’s leading iodine producer, leveraging its vast operations in the iodine-rich Atacama Desert. The company’s integrated approach to lithium and iodine extraction from caliche ore gives it a significant cost and scale advantage, supplying over 25% of the global market. Its products are essential for X-ray contrast media, LCD manufacturing, and pharmaceutical applications worldwide.

Innovation Initiatives:

• Expanding production capacity with a 15% output increase in 2023

• Investing in sustainable water management for brine extraction processes

• Developing high-value iodine derivatives for specialized electronics and healthcare markets

Download FREE Sample Report: Iodine Market – View in Detailed Research Report

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9️⃣ 2. Cosayach

Headquarters: Iquique, Chile
Key Offering: Refined Iodine, Crude Iodine, Iodine Salts

Cosayach is one of Chile’s oldest and largest iodine producers, operating primarily in the Tarapacá Region. Following its strategic acquisition of RB Energy’s iodine assets in 2023, the company has significantly strengthened its market position, challenging SQM’s leadership. Cosayach’s products are distributed globally, with strong penetration in Asian and European markets.

Innovation Initiatives:

• Strategic expansion through acquisition to increase market share

• Modernization of extraction and purification facilities to improve efficiency

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8️⃣ 3. Ise Chemicals Corporation

Headquarters: Tokyo, Japan
Key Offering: Ultra-High Purity Iodine, Iodine Compounds, Pharmaceutical-Grade Iodine

Ise Chemicals is Japan’s premier iodine producer, renowned for its technological expertise in purification processes. The company specializes in high-value applications, particularly for the electronics industry where ultra-pure iodine is essential for polarizing films in LCD screens. Its commitment to quality has made it a preferred supplier for demanding pharmaceutical and technical applications.

Innovation Initiatives:

• Patented purification technologies for 99.999% purity levels

• Strategic partnerships with major Asian electronics manufacturers

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7️⃣ 4. Algorta Norte S.A.

Headquarters: Santiago, Chile
Key Offering: Industrial Iodine, Iodine for Animal Nutrition, Technical-Grade Iodine

Algorta Norte is a significant player in the Chilean iodine sector, operating extraction facilities in the northern mining regions. The company has built a strong reputation for reliability and consistent quality, serving diverse industrial applications including biocides, catalysts, and animal feed supplements. Its strategic location provides access to both Pacific export routes and South American markets.

Innovation Initiatives:

• Developing specialized iodine formulations for agricultural applications

• Implementing energy-efficient processing technologies

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6️⃣ 5. Godo Shigen Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Refined Iodine, Potassium Iodide, Iodine-based Chemicals

Godo Shigen is a leading Japanese chemical company with a strong focus on iodine and iodine derivatives. The company utilizes Japan’s natural gas brine resources to produce high-quality iodine products. With decades of experience, Godo Shigen has developed specialized expertise in iodine chemistry, serving pharmaceutical, photographic, and industrial customers with technically advanced solutions.

Innovation Initiatives:

• Research into novel iodine compounds for medical diagnostics

• Sustainability initiatives to reduce environmental impact of production

Download FREE Sample Report: Iodine Market – View in Detailed Research Report

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5️⃣ 6. Iochem Corporation

Headquarters: Paris, France
Key Offering: Pharmaceutical Iodine, Iodine Derivatives, Custom Iodine Compounds

Iochem Corporation is a key European player specializing in high-purity iodine for pharmaceutical and fine chemical applications. The company has established itself as a reliable supplier to the European healthcare sector, providing critical ingredients for contrast media, disinfectants, and pharmaceutical intermediates. Its strategic European location provides advantages for serving regulated markets.

Innovation Initiatives:

• Focus on GMP-compliant production for pharmaceutical customers

• Development of iodine-based compounds for emerging therapeutic applications

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4️⃣ 7. Nippoh Chemicals Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Industrial Iodine, Iodine Catalysts, Specialty Iodine Products

Nippoh Chemicals is a diversified chemical company with strong positions in iodine production and derivatives. The company operates iodine extraction from natural gas brines and has developed extensive expertise in iodine chemistry. Recent innovations include advanced iodine-based biocides responding to increased demand for antimicrobial solutions in healthcare and water treatment applications.

Innovation Initiatives:

• Development of next-generation iodine-based disinfectants

• Expansion into high-growth Asian markets

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3️⃣ 8. Toho Earthtech Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Technical Iodine, Iodine for Electronics, Purified Iodine Products

Toho Earthtech specializes in high-purity iodine for technical and electronic applications. The company has carved out a niche in supplying the electronics industry, where precise specifications and consistent quality are paramount. Its focus on purification technology enables it to serve demanding customers in display manufacturing and specialty chemicals.

Innovation Initiatives:

• Advanced purification technologies for electronics-grade iodine

• Quality control systems ensuring batch-to-batch consistency

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2️⃣ 9. Iofina PLC

Headquarters: London, United Kingdom (Operations in USA)
Key Offering: IOsorb® Iodine, Crystalline Iodine, Iodine Chemical Derivatives

Iofina has pioneered a unique approach to iodine production through its proprietary IOsorb® technology, which extracts iodine from brine produced by onshore oil and gas operations in the United States. This environmentally sustainable method positions Iofina as an innovator in the industry, with growing production capacity and a focus on the North American market.

Innovation Initiatives:

• Patented IOsorb® technology for sustainable iodine extraction

• Expansion of production capacity through new plant construction

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1️⃣ 10. Wengfu Group

Headquarters: Guizhou, China
Key Offering: Industrial Iodine, Iodine for Agriculture, Basic Iodine Chemicals

Wengfu Group is a major Chinese chemical conglomerate with significant iodine production capabilities. As China’s domestic demand for iodine continues to grow rapidly, Wengfu has positioned itself as a key supplier for the country’s expanding pharmaceutical, electronics, and industrial sectors. The company benefits from China’s large domestic market and growing export ambitions.

Innovation Initiatives:

• Expansion of production to meet growing domestic demand

• Development of iodine products for China’s healthcare and technology sectors

Get Full Report Here: Iodine Market – View in Detailed Research Report

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🌍 Outlook: The Future of Iodine Is High-Tech and Health-Focused

The iodine market is undergoing a significant transformation. While traditional applications in disinfectants and basic chemicals remain important, the industry is increasingly focused on high-value applications in healthcare, advanced electronics, and sustainable technologies.

📈 Key Trends Shaping the Market:

• Rising demand for iodine in medical imaging and contrast media

• Expansion of nutritional fortification programs in developing regions

• Technological innovations in iodine extraction and purification

• Growing applications in renewable energy and advanced electronics

Get Full Report Here: Iodine Market – View in Detailed Research Report

The companies listed above are not only supplying essential iodine—they’re driving innovation across multiple global industries while addressing critical public health needs through nutritional fortification.