Global Hydriodic Acid (CAS 10034-85-2) Market: Strategic Analysis and Forecast (2026–2036)
Market Outlook
The global Hydriodic Acid (CAS 10034-85-2) market, valued at approximately USD [Insert Value] million in 2025, is projected to reach USD [Insert Value] million by 2036. This growth represents a steady CAGR of [XX]% during the forecast period. Hydriodic acid, a powerful reducing agent and a primary source of iodine in chemical synthesis, is increasingly critical for the pharmaceutical, acetic acid manufacturing, and electronics industries.
1. Segment Analysis
The market is categorized by purity concentration, grade, and specialized end-use applications to address varying industrial requirements.
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By Grade:
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Reagent Grade: High-purity acid (typically 55-57%) used in laboratory analysis, research and development, and fine chemical synthesis.
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Industrial Grade: Bulk-produced acid primarily used for large-scale manufacturing processes and metallurgical applications.
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Electronic Grade: Ultra-high purity versions used as etchants in the semiconductor industry.
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By Concentration:
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47% Concentration: Standard commercial grade.
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55%-57% Concentration: The most common form used for chemical synthesis and as a reducing agent.
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By Application:
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Organic Chemistry Synthesis: Acting as a catalyst and reducing agent for the production of various organic compounds.
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Acetic Acid Production: Used in the Cativa and Monsanto processes as a co-catalyst.
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Inorganic Iodide Manufacturing: Synthesis of alkali metal iodides and transition metal iodides.
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Pharmaceutical Intermediates: Essential for the production of several active pharmaceutical ingredients (APIs) and sanitizers.
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Disinfectants & Sanitization: Utilized in the formulation of specialized iodophor solutions.
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2. Regional Analysis
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Asia-Pacific: Holds the dominant market share. China and India are major hubs for pharmaceutical manufacturing and chemical synthesis. Japan is a key player due to its significant domestic iodine production and advanced electronics sector.
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North America: Driven by the robust pharmaceutical R&D sector and the demand for acetic acid in industrial applications. Strict regulatory oversight regarding the handling of hydriodic acid (due to its List I chemical status in the U.S.) shapes the market structure here.
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Europe: Focused on high-purity reagent grades. Germany, France, and the UK are primary markets, supported by advanced healthcare systems and specialty chemical industries.
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Latin America: Growth is tied to the iodine mining industry in Chile, which is the world’s largest iodine producer, providing a strong backward integration advantage for local acid producers.
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Middle East & Africa: Emerging demand in the oil and gas sector and agricultural chemical production.
3. Porter’s Five Forces Analysis
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Bargaining Power of Suppliers (High): Since hydriodic acid production is entirely dependent on iodine, and iodine production is geographically concentrated (Chile and Japan), suppliers of raw iodine exert significant influence.
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Bargaining Power of Buyers (Moderate): Buyers in the pharmaceutical and acetic acid sectors require specific purity levels. While they buy in large volumes, the specialized nature of the chemical limits their ability to switch suppliers quickly.
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Threat of New Entrants (Low): High barriers to entry due to stringent environmental regulations, the hazardous nature of the product, and legal restrictions on the sale of hydriodic acid in several jurisdictions.
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Threat of Substitutes (Moderate): Other reducing agents or iodine sources can be used in some reactions, but hydriodic acid’s specific reactivity makes it indispensable for many catalytic processes.
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Competitive Rivalry (High): Competition is based on purity, stabilization (preventing the acid from turning brown due to iodine oxidation), and the ability to navigate complex regulatory landscapes.
4. SWOT Analysis
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Strengths:
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Versatile reducing agent in complex organic synthesis.
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Critical component in the global production of acetic acid.
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Weaknesses:
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Highly corrosive and toxic, requiring expensive specialized storage.
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Light-sensitive and unstable over long periods (releases free iodine).
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Opportunities:
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Rising demand for specialty iodine compounds in the medical imaging sector (contrast media).
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Growth in the electronics industry for high-purity etching.
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Threats:
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Categorization as a "controlled substance" or "precursor" in many countries, leading to intense legal scrutiny.
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Fluctuations in global iodine prices.
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5. Trend Analysis
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Stabilized Formulations: Manufacturers are developing stabilized hydriodic acid using hypophosphorous acid to prevent oxidation, extending shelf life for global shipping.
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Green Synthesis: Research into using hydriodic acid in bio-based chemical conversions, particularly in the breakdown of lignin and other biomass components.
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Shift to High-Purity: Growing demand for "Ultrapure" grades as semiconductor fabrication nodes become smaller and more sensitive to contaminants.
6. Drivers and Challenges
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Market Drivers:
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Pharmaceutical Expansion: Increased global production of APIs requiring iodinated intermediates.
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Industrial Growth: Steady demand for acetic acid in the production of polymers, paints, and coatings.
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Iodine Demand: Rising use of iodine derivatives in healthcare and animal nutrition.
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Market Challenges:
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Regulatory Restrictions: Being a List I chemical (e.g., in the US) makes the paperwork and compliance for distributors and buyers extremely burdensome.
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Environmental Impact: Challenges in treating wastewater containing high concentrations of iodine/iodides.
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7. Value Chain Analysis
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Upstream (Iodine Sourcing): Extraction of iodine from caliche ore or seaweed.
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Manufacturing: Reaction of iodine with a reducing agent (like red phosphorus or hydrogen sulfide) in a controlled aqueous environment.
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Purification: Distillation to achieve Reagent or Electronic grades.
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Distribution: Highly regulated transport in specialized, light-protected containers (e.g., amber glass or fluorinated HDPE).
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End-Use Application: Pharmaceutical synthesis, acetic acid catalysis, or specialty chemical production.
8. Top Key Players
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Iofina Chemical
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Ajay-SQM Group
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GFL Environmental (Specialty Chemicals)
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Deepak Novochem Technologies
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Hanwei Chemical Co., Ltd.
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Jindian Chemical
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Omkar Chemicals
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GFS Chemicals, Inc.
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Boyuan Pharmaceutical & Chemical Co., Ltd.
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Godavari Drugs Ltd.
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Infinium Pharmachem Ltd.
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Samrat Remidies Ltd.
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TCI Chemicals (Tokyo Chemical Industry)
9. Quick Recommendations for Stakeholders
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For Manufacturers: Implement advanced stabilization techniques to ensure product quality during long-haul exports to high-demand regions like Asia-Pacific.
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For Investors: Focus on companies that have long-term supply agreements with iodine producers in Chile or Japan to ensure feedstock price stability.
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For Compliance Officers: Prioritize the implementation of rigorous "Know Your Customer" (KYC) protocols to comply with international drug precursor regulations.
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For R&D Teams: Explore the use of hydriodic acid in recycling processes for electronic waste, specifically for the recovery of precious metals.
1. Market Overview of Hydriodic Acid (CAS 10034-85-2)
1.1 Hydriodic Acid (CAS 10034-85-2) Market Overview
1.1.1 Hydriodic Acid (CAS 10034-85-2) Product Scope
1.1.2 Market Status and Outlook
1.2 Hydriodic Acid (CAS 10034-85-2) Market Size by Regions:
1.3 Hydriodic Acid (CAS 10034-85-2) Historic Market Size by Regions
1.4 Hydriodic Acid (CAS 10034-85-2) Forecasted Market Size by Regions
1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
1.5.1 North America
1.5.2 East Asia
1.5.3 Europe
1.5.4 South Asia
1.5.5 Southeast Asia
1.5.6 Middle East
1.5.7 Africa
1.5.8 Oceania
1.5.9 South America
1.5.10 Rest of the World
1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
1.6.1 Covid-19 Impact: Global GDP Growth, 2019, 2020 and 2021 Projections
1.6.2 Covid-19 Impact: Commodity Prices Indices
1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Hydriodic Acid (CAS 10034-85-2) Sales Market by Type
2.1 Global Hydriodic Acid (CAS 10034-85-2) Historic Market Size by Type
2.2 Global Hydriodic Acid (CAS 10034-85-2) Forecasted Market Size by Type
2.3 Reagent Grade
2.4 Industrial Grade
3. Covid-19 Impact Hydriodic Acid (CAS 10034-85-2) Sales Market by Application
3.1 Global Hydriodic Acid (CAS 10034-85-2) Historic Market Size by Application
3.2 Global Hydriodic Acid (CAS 10034-85-2) Forecasted Market Size by Application
3.3 Iodine Compound
3.4 Chemical Reagent
4. Covid-19 Impact Market Competition by Manufacturers
4.1 Global Hydriodic Acid (CAS 10034-85-2) Production Capacity Market Share by Manufacturers
4.2 Global Hydriodic Acid (CAS 10034-85-2) Revenue Market Share by Manufacturers
4.3 Global Hydriodic Acid (CAS 10034-85-2) Average Price by Manufacturers
5. Company Profiles and Key Figures in Hydriodic Acid (CAS 10034-85-2) Business
5.1 Iofina
5.1.1 Iofina Company Profile
5.1.2 Iofina Hydriodic Acid (CAS 10034-85-2) Product Specification
5.1.3 Iofina Hydriodic Acid (CAS 10034-85-2) Production Capacity, Revenue, Price and Gross Margin
5.2 Ajay-SQM
5.2.1 Ajay-SQM Company Profile
5.2.2 Ajay-SQM Hydriodic Acid (CAS 10034-85-2) Product Specification
5.2.3 Ajay-SQM Hydriodic Acid (CAS 10034-85-2) Production Capacity, Revenue, Price and Gross Margin
5.3 Hanwei Chemical
5.3.1 Hanwei Chemical Company Profile
5.3.2 Hanwei Chemical Hydriodic Acid (CAS 10034-85-2) Product Specification
5.3.3 Hanwei Chemical Hydriodic Acid (CAS 10034-85-2) Production Capacity, Revenue, Price and Gross Margin
5.4 Boyuan Pharmaceutical&Chemical
5.4.1 Boyuan Pharmaceutical&Chemical Company Profile
5.4.2 Boyuan Pharmaceutical&Chemical Hydriodic Acid (CAS 10034-85-2) Product Specification
5.4.3 Boyuan Pharmaceutical&Chemical Hydriodic Acid (CAS 10034-85-2) Production Capacity, Revenue, Price and Gross Margin
5.5 Jindian Chemical
5.5.1 Jindian Chemical Company Profile
5.5.2 Jindian Chemical Hydriodic Acid (CAS 10034-85-2) Product Specification
5.5.3 Jindian Chemical Hydriodic Acid (CAS 10034-85-2) Production Capacity, Revenue, Price and Gross Margin
5.6 Omkar Chemicals
5.6.1 Omkar Chemicals Company Profile
5.6.2 Omkar Chemicals Hydriodic Acid (CAS 10034-85-2) Product Specification
5.6.3 Omkar Chemicals Hydriodic Acid (CAS 10034-85-2) Production Capacity, Revenue, Price and Gross Margin
5.7 GFS Chemicals
5.7.1 GFS Chemicals Company Profile
5.7.2 GFS Chemicals Hydriodic Acid (CAS 10034-85-2) Product Specification
5.7.3 GFS Chemicals Hydriodic Acid (CAS 10034-85-2) Production Capacity, Revenue, Price and Gross Margin
6. North America
6.1 North America Hydriodic Acid (CAS 10034-85-2) Market Size
6.2 North America Hydriodic Acid (CAS 10034-85-2) Key Players in North America
6.3 North America Hydriodic Acid (CAS 10034-85-2) Market Size by Type
6.4 North America Hydriodic Acid (CAS 10034-85-2) Market Size by Application
7. East Asia
7.1 East Asia Hydriodic Acid (CAS 10034-85-2) Market Size
7.2 East Asia Hydriodic Acid (CAS 10034-85-2) Key Players in North America
7.3 East Asia Hydriodic Acid (CAS 10034-85-2) Market Size by Type
7.4 East Asia Hydriodic Acid (CAS 10034-85-2) Market Size by Application
8. Europe
8.1 Europe Hydriodic Acid (CAS 10034-85-2) Market Size
8.2 Europe Hydriodic Acid (CAS 10034-85-2) Key Players in North America
8.3 Europe Hydriodic Acid (CAS 10034-85-2) Market Size by Type
8.4 Europe Hydriodic Acid (CAS 10034-85-2) Market Size by Application
9. South Asia
9.1 South Asia Hydriodic Acid (CAS 10034-85-2) Market Size
9.2 South Asia Hydriodic Acid (CAS 10034-85-2) Key Players in North America
9.3 South Asia Hydriodic Acid (CAS 10034-85-2) Market Size by Type
9.4 South Asia Hydriodic Acid (CAS 10034-85-2) Market Size by Application
10. Southeast Asia
10.1 Southeast Asia Hydriodic Acid (CAS 10034-85-2) Market Size
10.2 Southeast Asia Hydriodic Acid (CAS 10034-85-2) Key Players in North America
10.3 Southeast Asia Hydriodic Acid (CAS 10034-85-2) Market Size by Type
10.4 Southeast Asia Hydriodic Acid (CAS 10034-85-2) Market Size by Application
11. Middle East
11.1 Middle East Hydriodic Acid (CAS 10034-85-2) Market Size
11.2 Middle East Hydriodic Acid (CAS 10034-85-2) Key Players in North America
11.3 Middle East Hydriodic Acid (CAS 10034-85-2) Market Size by Type
11.4 Middle East Hydriodic Acid (CAS 10034-85-2) Market Size by Application
12. Africa
12.1 Africa Hydriodic Acid (CAS 10034-85-2) Market Size
12.2 Africa Hydriodic Acid (CAS 10034-85-2) Key Players in North America
12.3 Africa Hydriodic Acid (CAS 10034-85-2) Market Size by Type
12.4 Africa Hydriodic Acid (CAS 10034-85-2) Market Size by Application
13. Oceania
13.1 Oceania Hydriodic Acid (CAS 10034-85-2) Market Size
13.2 Oceania Hydriodic Acid (CAS 10034-85-2) Key Players in North America
13.3 Oceania Hydriodic Acid (CAS 10034-85-2) Market Size by Type
13.4 Oceania Hydriodic Acid (CAS 10034-85-2) Market Size by Application
14. South America
14.1 South America Hydriodic Acid (CAS 10034-85-2) Market Size
14.2 South America Hydriodic Acid (CAS 10034-85-2) Key Players in North America
14.3 South America Hydriodic Acid (CAS 10034-85-2) Market Size by Type
14.4 South America Hydriodic Acid (CAS 10034-85-2) Market Size by Application
15. Rest of the World
15.1 Rest of the World Hydriodic Acid (CAS 10034-85-2) Market Size
15.2 Rest of the World Hydriodic Acid (CAS 10034-85-2) Key Players in North America
15.3 Rest of the World Hydriodic Acid (CAS 10034-85-2) Market Size by Type
15.4 Rest of the World Hydriodic Acid (CAS 10034-85-2) Market Size by Application
16 Hydriodic Acid (CAS 10034-85-2) Market Dynamics
16.1 Covid-19 Impact Market Top Trends
16.2 Covid-19 Impact Market Drivers
16.3 Covid-19 Impact Market Challenges
16.4 Porter’s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
18.1 Research Methodology
18.1.1 Methodology/Research Approach
18.1.2 Data Source
18.2 Disclaimer
1. Segment Analysis
The market is categorized by purity concentration, grade, and specialized end-use applications to address varying industrial requirements.
-
By Grade:
-
Reagent Grade: High-purity acid (typically 55-57%) used in laboratory analysis, research and development, and fine chemical synthesis.
-
Industrial Grade: Bulk-produced acid primarily used for large-scale manufacturing processes and metallurgical applications.
-
Electronic Grade: Ultra-high purity versions used as etchants in the semiconductor industry.
-
-
By Concentration:
-
47% Concentration: Standard commercial grade.
-
55%-57% Concentration: The most common form used for chemical synthesis and as a reducing agent.
-
-
By Application:
-
Organic Chemistry Synthesis: Acting as a catalyst and reducing agent for the production of various organic compounds.
-
Acetic Acid Production: Used in the Cativa and Monsanto processes as a co-catalyst.
-
Inorganic Iodide Manufacturing: Synthesis of alkali metal iodides and transition metal iodides.
-
Pharmaceutical Intermediates: Essential for the production of several active pharmaceutical ingredients (APIs) and sanitizers.
-
Disinfectants & Sanitization: Utilized in the formulation of specialized iodophor solutions.
-
2. Regional Analysis
-
Asia-Pacific: Holds the dominant market share. China and India are major hubs for pharmaceutical manufacturing and chemical synthesis. Japan is a key player due to its significant domestic iodine production and advanced electronics sector.
-
North America: Driven by the robust pharmaceutical R&D sector and the demand for acetic acid in industrial applications. Strict regulatory oversight regarding the handling of hydriodic acid (due to its List I chemical status in the U.S.) shapes the market structure here.
-
Europe: Focused on high-purity reagent grades. Germany, France, and the UK are primary markets, supported by advanced healthcare systems and specialty chemical industries.
-
Latin America: Growth is tied to the iodine mining industry in Chile, which is the world’s largest iodine producer, providing a strong backward integration advantage for local acid producers.
-
Middle East & Africa: Emerging demand in the oil and gas sector and agricultural chemical production.
