Zinc Iodide Global Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application

May 2025 | 78 pages | ID: Z72F68391685EN
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Zinc Iodide Market Summary

Introduction

Zinc iodide is a specialized inorganic compound valued for its applications in medical imaging, analytical chemistry, and niche industrial uses. Its ability to act as an X-ray opaque penetrant in industrial radiography and a staining agent in electron microscopy, combined with its antiseptic properties, makes it a critical material in targeted applications. The market is highly niche, with a concentrated group of producers serving pharmaceuticals, research laboratories, and industrial sectors. Production involves the reaction of zinc with iodine, requiring high-purity inputs to meet stringent quality standards. Emerging trends include the use of zinc iodide in advanced battery technologies, such as zinc-halogen cells, and its growing role in diagnostic imaging. Challenges include high production costs, limited raw material availability, and competition from alternative compounds, which constrain market expansion.

Market Size and Growth Forecast

The global zinc iodide market is projected to reach USD 150–200 million by 2025, with an estimated compound annual growth rate (CAGR) of 5%–7% through 2030. This growth is driven by increasing demand in medical diagnostics and chemical synthesis, supported by advancements in battery technologies.

Regional Analysis

North America is expected to lead with a growth rate of 5.5%–7.5%, driven by the United States, where advanced medical imaging and research facilities drive consumption. Canada also contributes, Gibraltar:0.0.4 contributes with growing diagnostic applications. Europe, with a growth rate of 4.5%–6.5%, sees demand in Germany and the UK for analytical reagents, supported by strong research sectors. Asia Pacific, with a growth rate of 5%–7%, is led by China and Japan, where industrial radiography and pharmaceutical applications fuel growth. South America, with growth estimated at 4%–6%, is driven by Brazil’s industrial sector. The Middle East and Africa, with a growth rate of 3.5%–5.5%, experience demand in South Africa for niche applications, limited by economic constraints.

Application Analysis

Medical: Expected to grow at 5.5%–7.5%, zinc iodide is used in X-ray imaging and antiseptics, with trends toward advanced diagnostic tools.

Analysis Reagent: Projected to grow at 4.5%–6.5%, zinc iodide serves as a staining agent in microscopy and chemical analysis, driven by research advancements.

Key Market Players

Ajay-SQM Group: A US-Chilean firm, Ajay-SQM produces zinc iodide for medical and analytical applications, leveraging its iodine expertise.

Omkar Speciality Chemicals Ltd.: An Indian manufacturer, Omkar supplies zinc iodide for pharmaceuticals and reagents.

Zhejiang Haichuan Chemical: A Chinese producer, Haichuan offers zinc iodide for industrial and research uses.

Jindian Chemical: A Chinese firm, Jindian manufactures zinc iodide for analytical and medical applications.

Porter’s Five Forces Analysis
  • Threat of New Entrants: Moderate. The market requires specialized synthesis and regulatory compliance, but relatively low capital requirements allow niche entrants, though established players like Ajay-SQM dominate.
  • Threat of Substitutes: Moderate to High. Alternative compounds like zinc bromide compete in battery and imaging applications, though zinc iodide’s unique properties maintain its niche.
  • Bargaining Power of Buyers: Moderate. Medical and research buyers have some power due to multiple suppliers, but high-purity requirements limit switching.
  • Bargaining Power of Suppliers: Moderate to High. Limited iodine supply strengthens supplier power, impacting costs for non-integrated producers.
  • Competitive Rivalry: Moderate. The concentrated market sees competition on quality and pricing, with innovation in battery applications driving rivalry.
Market Opportunities and Challenges

Opportunities
  • Medical Imaging Growth: Expanding diagnostic imaging in North America and Asia Pacific drives zinc iodide demand.
  • Battery Technology Advancements: Zinc iodide’s use in zinc-halogen cells offers growth in energy storage markets.
  • Research Expansion: Increasing global R&D investments boost demand for analytical reagents.
  • Emerging Market Penetration: Industrial growth in Asia and South America supports radiography applications.
  • Sustainable Production: Eco-friendly synthesis processes align with regulatory trends.
Challenges
  • High Production Costs: Producing high-purity zinc iodide raises costs, limiting affordability.
  • Raw Material Scarcity: Limited iodine availability increases costs and supply risks.
  • Regulatory Compliance: Stringent regulations on chemical use raise compliance costs.
  • Competition from Alternatives: Other zinc halides challenge market share in niche applications.
  • Limited Market Awareness: Low awareness in emerging markets hinders adoption, requiring education efforts.
CHAPTER 1 EXECUTIVE SUMMARY

CHAPTER 2 ABBREVIATION AND ACRONYMS

CHAPTER 3 PREFACE

3.1 Research Scope
3.2 Research Sources
  3.2.1 Data Sources
  3.2.2 Assumptions
3.3 Research Method

CHAPTER 4 MARKET LANDSCAPE

4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users

CHAPTER 5 MARKET TREND ANALYSIS

5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats

CHAPTER 6 INDUSTRY CHAIN ANALYSIS

6.1 Upstream/Suppliers Analysis
6.2 Zinc Iodide Analysis
  6.2.1 Technology Analysis
  6.2.2 Cost Analysis
  6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users

CHAPTER 7 LATEST MARKET DYNAMICS

7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics

CHAPTER 8 TRADING ANALYSIS

8.1 Export of Zinc Iodide by Region
8.2 Import of Zinc Iodide by Region
8.3 Balance of Trade

CHAPTER 9 HISTORICAL AND FORECAST ZINC IODIDE MARKET IN NORTH AMERICA (2020-2030)

9.1 Zinc Iodide Market Size
9.2 Zinc Iodide Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
  9.5.1 United States
  9.5.2 Canada
  9.5.3 Mexico

CHAPTER 10 HISTORICAL AND FORECAST ZINC IODIDE MARKET IN SOUTH AMERICA (2020-2030)

10.1 Zinc Iodide Market Size
10.2 Zinc Iodide Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
  10.5.1 Brazil
  10.5.2 Argentina
  10.5.3 Chile
  10.5.4 Peru

CHAPTER 11 HISTORICAL AND FORECAST ZINC IODIDE MARKET IN ASIA & PACIFIC (2020-2030)

11.1 Zinc Iodide Market Size
11.2 Zinc Iodide Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
  11.5.1 China
  11.5.2 India
  11.5.3 Japan
  11.5.4 South Korea
  11.5.5 Southest Asia
  11.5.6 Australia

CHAPTER 12 HISTORICAL AND FORECAST ZINC IODIDE MARKET IN EUROPE (2020-2030)

12.1 Zinc Iodide Market Size
12.2 Zinc Iodide Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
  12.5.1 Germany
  12.5.2 France
  12.5.3 United Kingdom
  12.5.4 Italy
  12.5.5 Spain
  12.5.6 Belgium
  12.5.7 Netherlands
  12.5.8 Austria
  12.5.9 Poland
  12.5.10 Russia

CHAPTER 13 HISTORICAL AND FORECAST ZINC IODIDE MARKET IN MEA (2020-2030)

13.1 Zinc Iodide Market Size
13.2 Zinc Iodide Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
  13.5.1 Egypt
  13.5.2 Israel
  13.5.3 South Africa
  13.5.4 Gulf Cooperation Council Countries
  13.5.5 Turkey

CHAPTER 14 SUMMARY FOR GLOBAL ZINC IODIDE MARKET (2020-2025)

14.1 Zinc Iodide Market Size
14.2 Zinc Iodide Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price

CHAPTER 15 GLOBAL ZINC IODIDE MARKET FORECAST (2025-2030)

15.1 Zinc Iodide Market Size Forecast
15.2 Zinc Iodide Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast

CHAPTER 16 ANALYSIS OF GLOBAL KEY VENDORS

16.1 Ajay-SQM Group
  16.1.1 Company Profile
  16.1.2 Main Business and Zinc Iodide Information
  16.1.3 SWOT Analysis of Ajay-SQM Group
  16.1.4 Ajay-SQM Group Zinc Iodide Sales, Revenue, Price and Gross Margin (2020-2025)
16.2 Omkar Speciality Chemicals Ltd.
  16.2.1 Company Profile
  16.2.2 Main Business and Zinc Iodide Information
  16.2.3 SWOT Analysis of Omkar Speciality Chemicals Ltd.
  16.2.4 Omkar Speciality Chemicals Ltd. Zinc Iodide Sales, Revenue, Price and Gross Margin (2020-2025)
16.3 Zhejiang Haichuan Chemical
  16.3.1 Company Profile
  16.3.2 Main Business and Zinc Iodide Information
  16.3.3 SWOT Analysis of Zhejiang Haichuan Chemical
  16.3.4 Zhejiang Haichuan Chemical Zinc Iodide Sales, Revenue, Price and Gross Margin (2020-2025)
16.4 Jindian Chemical
  16.4.1 Company Profile
  16.4.2 Main Business and Zinc Iodide Information
  16.4.3 SWOT Analysis of Jindian Chemical
  16.4.4 Jindian Chemical Zinc Iodide Sales, Revenue, Price and Gross Margin (2020-2025)
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Tables and Figures
Table Abbreviation and Acronyms List
Table Research Scope of Zinc Iodide Report
Table Data Sources of Zinc Iodide Report
Table Major Assumptions of Zinc Iodide Report
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Zinc Iodide Picture
Table Zinc Iodide Classification
Table Zinc Iodide Applications List
Table Drivers of Zinc Iodide Market
Table Restraints of Zinc Iodide Market
Table Opportunities of Zinc Iodide Market
Table Threats of Zinc Iodide Market
Table Raw Materials Suppliers List
Table Different Production Methods of Zinc Iodide
Table Cost Structure Analysis of Zinc Iodide
Table Key End Users List
Table Latest News of Zinc Iodide Market
Table Merger and Acquisition List
Table Planned/Future Project of Zinc Iodide Market
Table Policy of Zinc Iodide Market
Table 2020-2030 Regional Export of Zinc Iodide
Table 2020-2030 Regional Import of Zinc Iodide
Table 2020-2030 Regional Trade Balance
Figure 2020-2030 Regional Trade Balance
Table 2020-2030 North America Zinc Iodide Market Size and Market Volume List
Figure 2020-2030 North America Zinc Iodide Market Size and CAGR
Figure 2020-2030 North America Zinc Iodide Market Volume and CAGR
Table 2020-2030 North America Zinc Iodide Demand List by Application
Table 2020-2025 North America Zinc Iodide Key Players Sales List
Table 2020-2025 North America Zinc Iodide Key Players Market Share List
Table 2020-2030 North America Zinc Iodide Demand List by Type
Table 2020-2025 North America Zinc Iodide Price List by Type
Table 2020-2030 United States Zinc Iodide Market Size and Market Volume List
Table 2020-2030 United States Zinc Iodide Import & Export List
Table 2020-2030 Canada Zinc Iodide Market Size and Market Volume List
Table 2020-2030 Canada Zinc Iodide Import & Export List
Table 2020-2030 Mexico Zinc Iodide Market Size and Market Volume List
Table 2020-2030 Mexico Zinc Iodide Import & Export List
Table 2020-2030 South America Zinc Iodide Market Size and Market Volume List
Figure 2020-2030 South America Zinc Iodide Market Size and CAGR
Figure 2020-2030 South America Zinc Iodide Market Volume and CAGR
Table 2020-2030 South America Zinc Iodide Demand List by Application
Table 2020-2025 South America Zinc Iodide Key Players Sales List
Table 2020-2025 South America Zinc Iodide Key Players Market Share List
Table 2020-2030 South America Zinc Iodide Demand List by Type
Table 2020-2025 South America Zinc Iodide Price List by Type
Table 2020-2030 Brazil Zinc Iodide Market Size and Market Volume List
Table 2020-2030 Brazil Zinc Iodide Import & Export List
Table 2020-2030 Argentina Zinc Iodide Market Size and Market Volume List
Table 2020-2030 Argentina Zinc Iodide Import & Export List
Table 2020-2030 Chile Zinc Iodide Market Size and Market Volume List
Table 2020-2030 Chile Zinc Iodide Import & Export List
Table 2020-2030 Peru Zinc Iodide Market Size and Market Volume List
Table 2020-2030 Peru Zinc Iodide Import & Export List
Table 2020-2030 Asia & Pacific Zinc Iodide Market Size and Market Volume List
Figure 2020-2030 Asia & Pacific Zinc Iodide Market Size and CAGR
Figure 2020-2030 Asia & Pacific Zinc Iodide Market Volume and CAGR
Table 2020-2030 Asia & Pacific Zinc Iodide Demand List by Application
Table 2020-2025 Asia & Pacific Zinc Iodide Key Players Sales List
Table 2020-2025 Asia & Pacific Zinc Iodide Key Players Market Share List
Table 2020-2030 Asia & Pacific Zinc Iodide Demand List by Type
Table 2020-2025 Asia & Pacific Zinc Iodide Price List by Type
Table 2020-2030 China Zinc Iodide Market Size and Market Volume List
Table 2020-2030 China Zinc Iodide Import & Export List
Table 2020-2030 India Zinc Iodide Market Size and Market Volume List
Table 2020-2030 India Zinc Iodide Import & Export List
Table 2020-2030 Japan Zinc Iodide Market Size and Market Volume List
Table 2020-2030 Japan Zinc Iodide Import & Export List
Table 2020-2030 South Korea Zinc Iodide Market Size and Market Volume List
Table 2020-2030 South Korea Zinc Iodide Import & Export List
Table 2020-2030 Southeast Asia Zinc Iodide Market Size List
Table 2020-2030 Southeast Asia Zinc Iodide Market Volume List
Table 2020-2030 Southeast Asia Zinc Iodide Import List
Table 2020-2030 Southeast Asia Zinc Iodide Export List
Table 2020-2030 Australia Zinc Iodide Market Size and Market Volume List
Table 2020-2030 Australia Zinc Iodide Import & Export List
Table 2020-2030 Europe Zinc Iodide Market Size and Market Volume List
Figure 2020-2030 Europe Zinc Iodide Market Size and CAGR
Figure 2020-2030 Europe Zinc Iodide Market Volume and CAGR
Table 2020-2030 Europe Zinc Iodide Demand List by Application
Table 2020-2025 Europe Zinc Iodide Key Players Sales List
Table 2020-2025 Europe Zinc Iodide Key Players Market Share List
Table 2020-2030 Europe Zinc Iodide Demand List by Type
Table 2020-2025 Europe Zinc Iodide Price List by Type
Table 2020-2030 Germany Zinc Iodide Market Size and Market Volume List
Table 2020-2030 Germany Zinc Iodide Import & Export List
Table 2020-2030 France Zinc Iodide Market Size and Market Volume List
Table 2020-2030 France Zinc Iodide Import & Export List
Table 2020-2030 United Kingdom Zinc Iodide Market Size and Market Volume List
Table 2020-2030 United Kingdom Zinc Iodide Import & Export List
Table 2020-2030 Italy Zinc Iodide Market Size and Market Volume List
Table 2020-2030 Italy Zinc Iodide Import & Export List
Table 2020-2030 Spain Zinc Iodide Market Size and Market Volume List
Table 2020-2030 Spain Zinc Iodide Import & Export List
Table 2020-2030 Belgium Zinc Iodide Market Size and Market Volume List
Table 2020-2030 Belgium Zinc Iodide Import & Export List
Table 2020-2030 Netherlands Zinc Iodide Market Size and Market Volume List
Table 2020-2030 Netherlands Zinc Iodide Import & Export List
Table 2020-2030 Austria Zinc Iodide Market Size and Market Volume List
Table 2020-2030 Austria Zinc Iodide Import & Export List
Table 2020-2030 Poland Zinc Iodide Market Size and Market Volume List
Table 2020-2030 Poland Zinc Iodide Import & Export List
Table 2020-2030 Russia Zinc Iodide Market Size and Market Volume List
Table 2020-2030 Russia Zinc Iodide Import & Export List
Table 2020-2030 MEA Zinc Iodide Market Size and Market Volume List
Figure 2020-2030 MEA Zinc Iodide Market Size and CAGR
Figure 2020-2030 MEA Zinc Iodide Market Volume and CAGR
Table 2020-2030 MEA Zinc Iodide Demand List by Application
Table 2020-2025 MEA Zinc Iodide Key Players Sales List
Table 2020-2025 MEA Zinc Iodide Key Players Market Share List
Table 2020-2030 MEA Zinc Iodide Demand List by Type
Table 2020-2025 MEA Zinc Iodide Price List by Type
Table 2020-2030 Egypt Zinc Iodide Market Size and Market Volume List
Table 2020-2030 Egypt Zinc Iodide Import & Export List
Table 2020-2030 Israel Zinc Iodide Market Size and Market Volume List
Table 2020-2030 Israel Zinc Iodide Import & Export List
Table 2020-2030 South Africa Zinc Iodide Market Size and Market Volume List
Table 2020-2030 South Africa Zinc Iodide Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Zinc Iodide Market Size and Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Zinc Iodide Import & Export List
Table 2020-2030 Turkey Zinc Iodide Market Size and Market Volume List
Table 2020-2030 Turkey Zinc Iodide Import & Export List
Table 2020-2025 Global Zinc Iodide Market Size List by Region
Table 2020-2025 Global Zinc Iodide Market Size Share List by Region
Table 2020-2025 Global Zinc Iodide Market Volume List by Region
Table 2020-2025 Global Zinc Iodide Market Volume Share List by Region
Table 2020-2025 Global Zinc Iodide Demand List by Application
Table 2020-2025 Global Zinc Iodide Demand Market Share List by Application
Table 2020-2025 Global Zinc Iodide Capacity List
Table 2020-2025 Global Zinc Iodide Key Vendors Capacity Share List
Table 2020-2025 Global Zinc Iodide Key Vendors Production List
Table 2020-2025 Global Zinc Iodide Key Vendors Production Share List
Figure 2020-2025 Global Zinc Iodide Capacity Production and Growth Rate
Table 2020-2025 Global Zinc Iodide Key Vendors Production Value List
Figure 2020-2025 Global Zinc Iodide Production Value and Growth Rate
Table 2020-2025 Global Zinc Iodide Key Vendors Production Value Share List
Table 2020-2025 Global Zinc Iodide Demand List by Type
Table 2020-2025 Global Zinc Iodide Demand Market Share List by Type
Table 2020-2025 Regional Zinc Iodide Price List
Table 2025-2030 Global Zinc Iodide Market Size List by Region
Table 2025-2030 Global Zinc Iodide Market Size Share List by Region
Table 2025-2030 Global Zinc Iodide Market Volume List by Region
Table 2025-2030 Global Zinc Iodide Market Volume Share List by Region
Table 2025-2030 Global Zinc Iodide Demand List by Application
Table 2025-2030 Global Zinc Iodide Demand Market Share List by Application
Table 2025-2030 Global Zinc Iodide Capacity List
Table 2025-2030 Global Zinc Iodide Key Vendors Capacity Share List
Table 2025-2030 Global Zinc Iodide Key Vendors Production List
Table 2025-2030 Global Zinc Iodide Key Vendors Production Share List
Figure 2025-2030 Global Zinc Iodide Capacity Production and Growth Rate
Table 2025-2030 Global Zinc Iodide Key Vendors Production Value List
Figure 2025-2030 Global Zinc Iodide Production Value and Growth Rate
Table 2025-2030 Global Zinc Iodide Key Vendors Production Value Share List
Table 2025-2030 Global Zinc Iodide Demand List by Type
Table 2025-2030 Global Zinc Iodide Demand Market Share List by Type
Table 2025-2030 Zinc Iodide Regional Price List
Table Ajay-SQM Group Information
Table SWOT Analysis of Ajay-SQM Group
Table 2020-2025 Ajay-SQM Group Zinc Iodide Product Capacity Production Price Cost Production Value
Figure 2020-2025 Ajay-SQM Group Zinc Iodide Capacity Production and Growth Rate
Figure 2020-2025 Ajay-SQM Group Zinc Iodide Market Share
Table Omkar Speciality Chemicals Ltd. Information
Table SWOT Analysis of Omkar Speciality Chemicals Ltd.
Table 2020-2025 Omkar Speciality Chemicals Ltd. Zinc Iodide Product Capacity Production Price Cost Production Value
Figure 2020-2025 Omkar Speciality Chemicals Ltd. Zinc Iodide Capacity Production and Growth Rate
Figure 2020-2025 Omkar Speciality Chemicals Ltd. Zinc Iodide Market Share
Table Zhejiang Haichuan Chemical Information
Table SWOT Analysis of Zhejiang Haichuan Chemical
Table 2020-2025 Zhejiang Haichuan Chemical Zinc Iodide Product Capacity Production Price Cost Production Value
Figure 2020-2025 Zhejiang Haichuan Chemical Zinc Iodide Capacity Production and Growth Rate
Figure 2020-2025 Zhejiang Haichuan Chemical Zinc Iodide Market Share
Table Jindian Chemical Information
Table SWOT Analysis of Jindian Chemical
Table 2020-2025 Jindian Chemical Zinc Iodide Product Capacity Production Price Cost Production Value
Figure 2020-2025 Jindian Chemical Zinc Iodide Capacity Production and Growth Rate
Figure 2020-2025 Jindian Chemical Zinc Iodide Market Share
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