Iodine Market - North America Has the Highest Market Share by 2020

New York, NY -- (SBWIRE) -- 10/08/2015 -- Iodine is an element which is blue-black and shiny in nature. Iodine and its derivatives are used in nutrition as well as an intermediate in industrial chemicals. Iodine is one of the essential elements for human beings and is found in thyroid hormones. A Lack of iodine in human beings can cause goiter in which thyroid gland enlarges. Iodine is made available through water bodies such as oceans and water pools. Iodine is also obtained as a by-product with nitrate minerals associated with caliche deposits. Iodine production is mainly concentrated in three countries Japan, the U.S. and Chile. Iodine has variety of applications in medical and industrial segments due to its high reactivity. Various end-user industries of the iodine market include pharmaceuticals, crop protection chemicals, nutrition, biocides, contrast media, nylon, fluoro derivatives and iodophors among others.