


Market Size, Share Global Outlook and Forecast 2025-2032
Publication Date: April 11, 2025
Hydrogen iodide (HI) is a colorless gas or aqueous solution widely used in the chemical and pharmaceutical industries.
Hydriodic acid, the aqueous solution of HI, is recognized for its strong acidity and efficacy in analytical applications.
It serves as a key precursor and reducing agent in organic synthesis and is instrumental in the manufacturing of disinfectants and certain pharmaceuticals
Key growth drivers include increasing demand from pharmaceutical, chemical, and electronics industries, and ongoing R&D innovations.
• Global Market Value (2024): US$ 70.2 Million
• Projected Market Value (2032): US$ 93.5 Million
• CAGR (2025-2031): 4.3%
Rising demand in the pharmaceutical industry
Increased use of HI in the chemical sector
By Region
Strong demand from United States, Canada, and Mexico
Leading firms investing in product innovation and R&D.
Consistent demand in Germany, France, UK, and Italy
Pharmaceutical and specialty chemical sectors are key end-users
China holds the largest share (~45%) in global HI consumption
Rapid industrialization in Japan, South Korea, and Southeast Asia supports market growth
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