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

By: HDIN Research Published: 2025-05-25 Pages: 78
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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.
Table of Contents
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 Asean
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 (2020-2030)
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 (2021-2026)
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
15.1 Ajay-SQM Group
15.1.1 Company Profile
15.1.2 Main Business and Zinc Iodide Information
15.1.3 SWOT Analysis of Ajay-SQM Group
15.1.4 Ajay-SQM Group Zinc Iodide Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Omkar Speciality Chemicals Ltd.
15.2.1 Company Profile
15.2.2 Main Business and Zinc Iodide Information
15.2.3 SWOT Analysis of Omkar Speciality Chemicals Ltd.
15.2.4 Omkar Speciality Chemicals Ltd. Zinc Iodide Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Zhejiang Haichuan Chemical
15.3.1 Company Profile
15.3.2 Main Business and Zinc Iodide Information
15.3.3 SWOT Analysis of Zhejiang Haichuan Chemical
15.3.4 Zhejiang Haichuan Chemical Zinc Iodide Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 Jindian Chemical
15.4.1 Company Profile
15.4.2 Main Business and Zinc Iodide Information
15.4.3 SWOT Analysis of Jindian Chemical
15.4.4 Jindian Chemical Zinc Iodide Sales, Revenue, Price and Gross Margin (2020-2025)
Please ask for sample pages for full companies list
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
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
Table 2020-2030 North America Zinc Iodide Market Size And Market Volume List
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
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
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
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
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
Table 2020-2025 Global Zinc Iodide Key Vendors Production Value List
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
Table 2025-2030 Global Zinc Iodide Key Vendors Production Value List
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

Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Zinc Iodide Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Zinc Iodide Market Size And Cagr
Figure 2020-2030 North America Zinc Iodide Market Volume And Cagr
Figure 2020-2030 South America Zinc Iodide Market Size And Cagr
Figure 2020-2030 South America Zinc Iodide Market Volume And Cagr
Figure 2020-2030 Asia & Pacific Zinc Iodide Market Size And Cagr
Figure 2020-2030 Asia & Pacific Zinc Iodide Market Volume And Cagr
Figure 2020-2030 Europe Zinc Iodide Market Size And Cagr
Figure 2020-2030 Europe Zinc Iodide Market Volume And Cagr
Figure 2020-2030 Mea Zinc Iodide Market Size And Cagr
Figure 2020-2030 Mea Zinc Iodide Market Volume And Cagr
Figure 2020-2025 Global Zinc Iodide Capacity Production And Growth Rate
Figure 2020-2025 Global Zinc Iodide Production Value And Growth Rate
Figure 2025-2030 Global Zinc Iodide Capacity Production And Growth Rate
Figure 2025-2030 Global Zinc Iodide Production Value And Growth Rate

Research Methodology

  • Market Estimated Methodology:

    Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.

1)Top-down & Bottom-up Approach

Top-down approach uses a general market size figure and determines the percentage that the objective market represents.

Bottom-up approach size the objective market by collecting the sub-segment information.

2)Supply & Demand Approach

Supply approach is based on assessments of the size of each competitor supplying the objective market.

Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.

  • Forecasting Methodology
  • Numerous factors impacting the market trend are considered for forecast model:
  • New technology and application in the future;
  • New project planned/under contraction;
  • Global and regional underlying economic growth;
  • Threatens of substitute products;
  • Industry expert opinion;
  • Policy and Society implication.
  • Analysis Tools

1)PEST Analysis

PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.

  • Benefits of a PEST analysis:
  • It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
  • It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
  • It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
  • It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.

2)Porter’s Five Force Model Analysis

The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.

  • Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
  • Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
  • Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
  • Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
  • Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.

3)Value Chain Analysis

Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.

4)SWOT Analysis

SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.

  • Strengths describe what the player excels at and separates it from the competition
  • Weaknesses stop the player from performing at its optimum level.
  • Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
  • Threats refer to factors that have the potential to harm the player.
  • Data Sources
Primary Sources Secondary Sources
Face to face/Phone Interviews with market participants, such as:
Manufactures;
Distributors;
End-users;
Experts.
Online Survey
Government/International Organization Data:
Annual Report/Presentation/Fact Book
Internet Source Information
Industry Association Data
Free/Purchased Database
Market Research Report
Book/Journal/News

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