| Product Code: ETC4692775 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Belgium continued to heavily rely on iodine imports, with key suppliers including Chile, Brazil, Metropolitan France, Germany, and Italy. Despite high concentration, the Herfindahl-Hirschman Index (HHI) remained elevated. The compound annual growth rate (CAGR) from 2020 to 2024 stood at a robust 10.37%, indicating sustained demand. However, the growth rate experienced a decline of -39.4% from 2023 to 2024, suggesting a potential shift in market dynamics or temporary challenges in the iodine import sector in Belgium.

Belgium's Iodine market is anticipated to experience a growing growth rate of 6.87% by 2027, reflecting trends observed in the largest economy Germany, followed by United Kingdom, France, Italy and Russia.

The iodine market in Belgium is driven by its diverse applications in pharmaceuticals, disinfectants, and industrial processes. Iodine is crucial for producing thyroid medications and maintaining public health through its role in sanitation and water purification. The market benefits from steady demand in various sectors and ongoing research into iodine-based compounds for new applications. Additionally, Belgiums strong chemical industry supports the market through production and distribution capabilities.
The iodine market in Belgium is influenced by the increasing demand for iodine in various applications, including pharmaceuticals, nutrition, and industrial processes. The growing awareness of iodine deficiency and its impact on health, coupled with its use in contrast agents for medical imaging, drives the demand for iodine. The market is also supported by advancements in iodine extraction technologies and its applications in emerging sectors.
The iodine market in Belgium faces challenges such as supply chain disruptions, which can affect the availability of iodine. Environmental and safety concerns related to iodine production also pose significant challenges. Additionally, fluctuations in global iodine prices can impact local market stability.
The iodine market in Belgium is regulated under EU guidelines for chemical substances and safety. The Federal Agency for Medicines and Health Products (FAMHP) and the Federal Public Service (FPS) Health oversee regulations to ensure the safety and quality of iodine products used in pharmaceuticals and other applications. Policies focus on maintaining high safety standards and preventing adverse effects related to iodine consumption or exposure.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Iodine Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Iodine Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Iodine Market - Industry Life Cycle |
3.4 Belgium Iodine Market - Porter's Five Forces |
3.5 Belgium Iodine Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Belgium Iodine Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Belgium Iodine Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Belgium Iodine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Belgium Iodine Market Trends |
6 Belgium Iodine Market Segmentations |
6.1 Belgium Iodine Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Belgium Iodine Market Revenues & Volume, By Caliche Ore, 2021-2031F |
6.1.3 Belgium Iodine Market Revenues & Volume, By Underground Brines, 2021-2031F |
6.1.4 Belgium Iodine Market Revenues & Volume, By Recycling, 2021-2031F |
6.1.5 Belgium Iodine Market Revenues & Volume, By Seaweeds, 2021-2031F |
6.2 Belgium Iodine Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Belgium Iodine Market Revenues & Volume, By Organic Compounds, 2021-2031F |
6.2.3 Belgium Iodine Market Revenues & Volume, By Inorganic Salts & Complexes, 2021-2031F |
6.2.4 Belgium Iodine Market Revenues & Volume, By Elemental & Isotopes, 2021-2031F |
6.3 Belgium Iodine Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Belgium Iodine Market Revenues & Volume, By X-Ray Contrast Media, 2021-2031F |
6.3.3 Belgium Iodine Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.4 Belgium Iodine Market Revenues & Volume, By Optical Polarizing Films, 2021-2031F |
6.3.5 Belgium Iodine Market Revenues & Volume, By Catalyst in Polymer Processing, 2021-2031F |
6.3.6 Belgium Iodine Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.3.7 Belgium Iodine Market Revenues & Volume, By Fluorochemicals, 2021-2031F |
6.3.8 Belgium Iodine Market Revenues & Volume, By Others? , 2021-2031F |
6.3.9 Belgium Iodine Market Revenues & Volume, By Others? , 2021-2031F |
7 Belgium Iodine Market Import-Export Trade Statistics |
7.1 Belgium Iodine Market Export to Major Countries |
7.2 Belgium Iodine Market Imports from Major Countries |
8 Belgium Iodine Market Key Performance Indicators |
9 Belgium Iodine Market - Opportunity Assessment |
9.1 Belgium Iodine Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Belgium Iodine Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Belgium Iodine Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Belgium Iodine Market - Competitive Landscape |
10.1 Belgium Iodine Market Revenue Share, By Companies, 2024 |
10.2 Belgium Iodine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |