Hydrogen Iodide (HI) Market Survey Report – Recent Trends, Growth Opportunities, and Market Size and Share Global Forecast Analysis – 2024 - 2033

Hydrogen Iodide (HI) Market Size Survey Report – In a Glance

As per the survey report on global Hydrogen Iodide (HI) market, the market is projected to foresee a CAGR of 4.8% between 2024-2033, and further generate a market size of USD 0.095 billion by the end of 2033. In the year 2023, the market size was valued at USD 0.067 billion.

• The global Hydrogen Iodide (HI) market is projected to grow on account of the Increasing Demand in Chemical Synthesis.
• In Japan, the Hydrogen Iodide (HI) market growth can be attributed to the Rising Adoption in Renewable Energy.
• KDMI analyst’s growth analysis foresees Supply Chain Constraints to challenge the market growth.
• The North America Hydrogen Iodide (HI) market is projected to dominate the global market.

Hydrogen Iodide (HI) Market Analysis

Hydrogen iodide (HI) is a chemical compound that consists of hydrogen and iodine with the chemical formula of HI. It is a colorless gas at room temperature that dissolves very fast in water to form hydroiodic acid which is a strong acid. Hydrogen iodide is primarily used in organic synthesis as a reducing agent and in the production of iodides, pharmaceuticals, and certain industrial chemicals. The global Hydrogen Iodide (HI) market is expected to grow due to the rising demand in chemical synthesis applications. HI is valued for its role as a versatile chemical reagent in organic chemistry, particularly in the synthesis of pharmaceuticals, agrochemicals, and specialty chemicals. Its ability to facilitate various chemical reactions, including reduction and iodination processes, drives its adoption across diverse industrial sectors. The global active pharmaceutical ingredients market size was evaluated at USD 237.48 billion in 2023 and it is expected to increase around USD 416.15 billion by 2033 with a CAGR of 5.77%, which includes Hydrogen Iodide as a key manufactured component, driving the market growth. Iofina Chemical, GHW International, and Ajay-SQM Group, are some of the significant parties in the global market for Hydrogen Iodide (HI).

Analyst’s Observation on Japan Hydrogen Iodide (HI) Market Survey

In Japan, the market growth for Hydrogen Iodide (HI) can be attributed to the Rising Adoption in Renewable Energy. Hydrogen Iodide plays a crucial role in the production of iodine-based electrolytes used in dye-sensitized solar cells (DSSCs), a new promising technology for generating renewable electricity. As Japan emphasizes more on sustainability and works on exploring alternative energy sources, the demand for HI in renewable energy applications is expected to rise. Japan’s 6th Strategic Energy Plan (released in 2021) and the GX (Green Transformation) Decarbonization Power Supply Bill (released in 2023) leads to the energy conservation and increased demand for sustainability option, driving the market growth. Sumitomo Chemical Co., Ltd., Mitsui Chemicals, Inc., and Toray Industries, Inc. are some of the significant parties in the market for Hydrogen Iodide (HI) in Japan.

Hydrogen Iodide (HI) Market Growth Drivers and Challenges

• Increasing demand in Chemical Synthesis:

The hydrogen iodide market is driven by growing demand for chemical synthesis, especially in pharmaceuticals, where it serves as a key reagent in various organic reactions. Its utility in iodination, reduction, and other processes essential for producing pharmaceuticals, agrochemicals, and industrial chemicals supports its increasing adoption across diverse sectors.

• Supply Chain Constraints:

These supply chain challenges such as the availability and pricing of raw materials may impact production schedules, increase costs, and affect the reliability of supply to end-users, thereby hindering market stability and growth potential.

Hydrogen Iodide (HI) Market Segmentation

Our experts at KD Market Insights have segmented the global Hydrogen Iodide (HI) market research report as:

Hydrogen Iodide (HI) Market Regional Synopsis

The North America Hydrogen Iodide (HI) market is majorly driven by its high utilization in the pharmaceutical industry. It serves as an important reagent in the synthesis of pharmaceutical intermediates and active pharmaceutical ingredients (APIs). The region's strong pharmaceutical sector, characterized by the significant R&D investments and a strong regulatory framework, supports the demand for HI. The statistics on pharmaceutical market size, R&D expenditure, and the increasing complexity of drug formulations requiring HI in North America has increased by 12%, driving the market growth.

As per our analysts at KD Market Insights, the following five players lead the North America Hydrogen Iodide (HI) market growth:

• OCI Company Ltd.
• Iofina plc
• Tosoh Corporation
• ISE Chemicals Corporation
• Shandong Shengxue Technology Co., Ltd.

Hydrogen Iodide (HI) Market Competitive Landscape

Some of the key players who top the global Hydrogen Iodide (HI) market share:

• Iofina Chemical
• GHW International
• Ajay-SQM Group
• Shandong Boyuan Pharmaceutical & Chemical
• Jiangxi Jiayin Optoelectronic Materials
• ISE Chemicals Corporation
• Nippoh Chemicals
• Godo Shigen
• Infinium Pharmachem
• Jiangxi Shengdian S&T

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Hydrogen Iodide (HI) Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Type
      2. By Application
      3. By Region
5. Market Segmentation by Type
   1. Hydrogen Iodide Gas
   2. Hydrogen Iodide Solution
6. Market Segmentation by Application
   1. Electronics
   2.  Pharmaceutical
7. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      5. South Korea
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      6. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3.               Market Analysis by Type and Application
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type and Application
8. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
      1.  Iofina Chemical
      2. GHW International
      3. Ajay-SQM Group
      4. Shandong Boyuan Pharmaceutical & Chemical
      5. Jiangxi Jiayin Optoelectronic Materials
      6. ISE Chemicals Corporation
      7. Nippoh Chemicals
      8. Godo Shigen
      9. Infinium Pharmachem
      10. Jiangxi Shengdian S&T
9. Strategic Recommendations
10. Appendix
    1. List of Tables
    2. List of Figures
11. References