Post by
biggdogg on Nov 22, 2024 9:50am
7.4% growth & the 40% Gap in mineral production
When the supply of iodine and barium minerals falls 40% short of the consumption growth for iodine and barium contrast media at a rate of 7.4%, it leads to escalating prices due to the imbalance. Voyageur is poised to take the lead in the contrast media sector, pending the inflationary pressures arising from this shortfall. The global iodine market, valued at USD 3.58 billion in 2023, is forecasted to expand by 4.4% annually from 2024 to 2030. Similarly, Superfine Precipitated Barium Sulphate is expected to experience a compound annual growth rate (CAGR) of 4.8% within the period of 2024 to 2030, reflecting the growing demand and the challenges of supply constraints in pharmaceutical contrast manufacturing. Add geopolitical instability, and this is a perfect storm for Voy, and its Earth to the Bottle strategy, is going to dominate this future market.
The global iodine market size was estimated at USD 3.58 billion in 2023 and is projected to grow at a CAGR of 4.4% from 2024 to 2030.
The global Superfine Precipitated Barium Sulphate a CAGR of 4.8% during the review period (2024-2030). https://www.openpr.com/news/3748799/superfine-precipitated-barium-sulphate-market-insights https://www.grandviewresearch.com/industry-analysis/iodine-market-report