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Published Date: 2017-05-29Number of Pages: 130

Potassium Iodide Market - (End Use - X-Ray Contrast Media, Pharmaceutical, Nutrition, and Film Photography) Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

Potassium Iodide Market: Snapshot

Potassium iodide is a crystalline salt and finds application mainly in the pharmaceutical industry. Owing to the rapid expansion of the pharmaceutical industry, on the back of a rise in health and wellness awareness programs and increasing population, the demand for several iodine compounds to make different pharmaceutical formulations has grown, thereby propelling the potassium iodide market.

Emerging as one of the most commercially significant iodide compounds, the demand for potassium iodide also stems from the food and textile sectors. Growing health concerns and the rising demand for nutritional foods are factors promoting the use of potassium iodide. A diet that includes this iodine compound as a nutritional supplement is known to help prevent a slew of conditions such as hyperthyroidism, goiter, and cretinism. The US Food and Drug Administration (FDA) recommends the use of potassium iodide as a food additive for human consumption as well as a dietary supplement in animal feed.

The global potassium iodide market was valued at US$607.9 mn in 2015 and is projected to reach US$1.14 bn by 2024, at a strong CAGR of 7.3 % therein.

potassium iodide market

Potassium Iodide used in Pharmaceutical Sector owing to its Ability to Produce High-quality Images

On the basis of end use, the global potassium iodide market has been segmented into pharmaceutical, x-ray contrast media, film photography, nutrition, and others such as the textile and chemical industries. Accounting for the dominant share in the market in 2015, the segment of x-ray contrast media has been driven by the continued use of potassium iodide in the food and beverages and pharmaceutical industries. Potassium iodide is used as an intravascular contrast medium for several imaging applications and techniques such as computed tomography (CT) and radiography. Iodine-based contrast media are used in radiology owing to their relatively harmless interaction with body tissues. Moreover, potassium iodide helps generate better-quality intravenous images for crystograms and pylograms.

However, research analysts predict that this segment will lose market share in the coming years. The overall pharmaceutical sector is anticipated to gain traction as an end user over the course of the forecast period with the rising use of potassium iodide to treat various thyroid-related problems. Although potassium iodide has been used for film photography in the past, this end-use segment will exhibit little to no growth by 2024 owing to the popularity of and preference for digital photography.

APAC to Hold On to its Lead Spot in Global Potassium Iodide Market

By way of geography, the global potassium iodide market has been divided into Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. Asia Pacific accounted for the dominant share in 2015 in terms of demand owing to the rapid growth of the food and beverages and pharmaceutical industries and a consistent rise in population in countries such as India and China. Europe is also a key market for potassium iodide, thanks to advancements in imaging technologies using x-rays and the expansion of the food and pharmaceutical sectors. Apart from this, recent progress made in industrial chemistry will support the potassium iodide market in Europe over the coming years.

The growth of the North America market can be attributed to several preventive measures taken in response to nuclear radiation. The prevalence of iodine deficiency syndrome is a key factor driving the potassium iodide market in the Middle East and Africa, while the Latin America market is fueled by rising demand from the food, pharmaceutical, and health industries.

Prominent vendors in the worldwide potassium iodide market include GODO SHIGEN Co., Ltd., Merck Millipore, Nippoh Chemicals Co., Ltd., Adani Pharmaceuticals, and Iofina Plc.

1. Preface
   1.1. Report Scope and Market Segmentation
   1.2. Research Highlights

2. Assumptions and Research Methodology
   2.1. Assumptions and Acronyms Used
   2.2. Research Methodology

3. Executive Summary
   3.1. Market Overview
   3.2. Introduction
   3.3. Key Industry Developments
   3.4. Market Indicators
   3.5. Comparison Matrix of Iodide Compounds
   3.6. FDA Approved Potassium Iodide Products (Pharmaceutical Industry)
   3.7. Market Dynamics
   3.8. Drivers and Restraints Snapshot Analysis
   3.9. Drivers
   3.10.Restraints
   3.11.Key Opportunities
   3.12.Global Potassium Iodide Market Analysis and Forecasts
   3.13.Porter’s Analysis
   3.14.Value Chain Analysis

4. Global Potassium Iodide Market Analysis, by End Use
   4.1. Key Findings
   4.2. Introduction
   4.3. Global Potassium Iodide Market Value Share Analysis, by End-use
   4.4. Global Potassium Iodide Market Forecast, by End-use
   4.5. Global Potassium Iodide Market Attractiveness Analysis, by End-use

5. Global Potassium Iodide Market Analysis, by Region
   5.1. Global Growth Scenario
   5.2. Global Potassium Iodide Market Value Share Analysis, by Region
   5.3. Global Potassium Iodide Market Forecast, by Region
   5.4. Global Potassium Iodide Market Attractiveness Analysis, by Region
   5.5. Market Trends

6. North America Potassium Iodide Market Analysis
   6.1. Key Findings
   6.2. North America Potassium Iodide Market Overview
   6.3. North America Potassium Iodide Market Value Share Analysis, by End-use
   6.4. North America Potassium Iodide Market Forecast, by End-use
   6.5. North America Potassium Iodide Market Value Share Analysis, by Country
   6.6. North America Potassium Iodide Market Forecast, by Country
          6.6.1. U.S
          6.6.2. Canada
   6.7. North America Potassium Iodide Market Analysis, by Country
   6.8. North America Potassium Iodide Market Attractiveness Analysis, by End-use
   6.9. Market Trends: North America

7. Asia Pacific Potassium Iodide Market Analysis
   7.1. Key Findings
   7.2. Asia Pacific Potassium Iodide Market Overview
   7.3. Asia Pacific Potassium Iodide Market Value Share Analysis, by End-use
   7.4. Asia Pacific Potassium Iodide Market Forecast, by End-use
   7.5. Asia Pacific Potassium Iodide Market Value Share Analysis, by Country
   7.6. Asia Pacific Potassium Iodide Market Forecast, by Country    
   7.7. Asia Pacific Potassium Iodide Market Analysis, by Country    
          7.6.1. China
          7.6.2. India
7.6.3. Japan
          7.6.4. ASEAN
          7.6.5. Rest of Asia Pacific
   7.8. Asia Pacific Potassium Iodide Market Attractiveness Analysis, by End-use
   7.9. Market Trends: Asia Pacific                

8. Europe Potassium Iodide Market Analysis            
   8.1. Key Findings                        
   8.2. Europe Potassium Iodide Market Overview            
   8.3. Europe Potassium Iodide Market Value Share Analysis, by End-use    
   8.4. Europe Potassium Iodide Market Forecast, by End-use        
   8.5. Europe Potassium Iodide Market Value Share Analysis, by Country    
   8.6. Europe Potassium Iodide Market Forecast, by Country        
   8.7. Europe Potassium Iodide Market Analysis, by Country        
          8.6.1. Germany
          8.6.2. France
          8.6.3. U.K
          8.6.4. Italy 
          8.6.5. Spain
          8.6.6. Rest of Europe
   8.8. Europe Potassium Iodide Market Attractiveness Analysis, by End-use
   8.9. Market Trends: Europe                    

9. Middle East & Africa (MEA) Potassium Iodide Market Analysis
   9.1. Key Findings
   9.2. Middle East & Africa (MEA) Potassium Iodide Market Overview
   9.3. Middle East & Africa (MEA) Potassium Iodide Market Value Share Analysis by End –use
   9.4. Middle East & Africa (MEA) Potassium Iodide Market Forecast, by End-use
   9.5. Middle East & Africa (MEA) Potassium Iodide Market Value Share Analysis, by Country
   9.6.  Middle East & Africa (MEA) Potassium Iodide Market Forecast, by Country
          9.6.1. GCC        
          9.6.2. South Africa        
          9.6.2. Rest of Middle East & Africa
   9.7.  Middle East & Africa (MEA) Potassium Iodide Market Analysis, by Country
   9.8.  Middle East & Africa (MEA) Potassium Iodide Market Attractiveness Analysis, By End Use
   9.9.  Market Trends : Middle East & Africa (MEA)

10.  Latin America Potassium Iodide Market Analysis
   10.1. Key Findings
   10.2. Latin America Potassium Iodide Market Overview
   10.3. Latin America Potassium Iodide Market Value Share Analysis by End –use
   10.4. Latin America  Potassium Iodide Market Forecast, by End-use
   10.5. Latin America  Potassium Iodide Market Value Share Analysis, by  Country
   10.6. Latin America  Potassium Iodide Market Forecast, by Country
          10.5.1. Brazil    
          10.5.2. Mexico    
          10.5.3. Rest of Latin America
   10.7. Latin America Potassium Iodide Market Analysis, by Country
   10.8. Latin America Potassium Iodide Market Attractiveness Analysis, by End use
   10.9. Market Trends : Latin America

11. Competition Matrix 
   11.1.Global Potassium Iodide Market Share Analysis, by Company (2015)
   11.2.Competition Matrix                

12. Company Profiles                
   12.1. Adani Pharmachem Private Limited            
          12.1.1. Company Description                
          12.1.2. Business Overview                
   12.2.Champa Purie-Chem Industries            
          12.2.1. Company Description                
          12.2.2. Business Overview                
   12.3.Crystran Ltd.                    
          12.3.1. Company Description                
          12.3.2. Business Overview                
   12.4. Deepwater Chemicals
          12.4.1. Company Description
          12.4.2. Business Overview
   12.5. GODO SHIGEN CO., LTD.
          12.5.1. Company Description
          12.5.2.  Business Overview
   12.6. Iofina plc
          12.6.1. Company Description
          12.6.2. Business Overview
          12.6.3. SWOT Analysis
          12.6.4. Strategic Overview
   12.7. LASA Laboratory Pvt.Ltd
          12.7.1. Company Description
          12.7.2. Business Overview
   12.8. Merck Millipore
          12.8.1. Company Description
          12.8.2. Business Overview
   12.9. NIPPOH CHEMICALS  
          12.9.1.  Company Description
          12.9.2. Business Overview 
   12.10. Tianjin Chemical Industry Co., Ltd
          12.10.1. Company Description
          12.10.2. Business Overview

13. Key Takeaway

LIST OF FIGURES
                
Figure 01: Global Potassium Iodide  Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 02: Global  Potassium Iodide Average Price based on End Uses (US$/Ton) 2015–2024
Figure 03: Global Potassium Iodide Market Value Share Analysis, by End-use, 2015 and 2024
Figure 04: Global Potassium Iodide Market Size (US$ Mn) and Volume (Tons), by X-ray Contrast Media, 2015–2024
Figure 05: Global Potassium Iodide Market Size (US$ Mn) and Volume (Tons), by Pharmaceutical, 2015–2024
Figure 06: Global Potassium Iodide Market Size (US$ Mn) and Volume (Tons), by Nutrition, 2015–2024
Figure 07: Global Potassium Iodide Market Size (US$ Mn) and Volume (Tons), by Film Photography, 2015-2024
Figure 08: Global Potassium Iodide Market Size (US$ Mn) and Volume (Tons), by Others, 2015–2024
Figure 09: Global Potassium Iodide Market Attractiveness Analysis, by End-use
Figure 10: Global Potassium Iodide Market Value Share Analysis, by Region, 2015 and 2024
Figure 11: Global Potassium Iodide Market Attractiveness Analysis, by Region
Figure 12: North America Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 13: North America Potassium Iodide Market Attractiveness Analysis, by Country
Figure 14: North America Potassium Iodide Market Value Share Analysis, by End-use, 2015 and 2024
Figure 15: North America Potassium Iodide Market Value Share Analysis, by Country, 2015 and 2024
Figure 16: Canada Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Analysis, 2015–2024
Figure 17: The U.S. Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Analysis, 2015–2024
Figure 18: North America Potassium Iodide Market Attractiveness Analysis, by End-use
Figure 19: Asia Pacific Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 20: Asia Pacific Potassium Iodide Market Attractiveness Analysis, by Country
Figure 21: Asia Pacific Potassium Iodide Market Value Share Analysis, by End-use, 2015 and 2024
Figure 22: Asia Pacific Potassium Iodide Market Value Share Analysis, by Country, 2015 and 2024
Figure 23: China Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Analysis, 2015–2024
Figure 24: India Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Analysis, 2015–2024
Figure 25: Japan Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Analysis, 2015–2024
Figure 26: ASEAN Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Analysis, 2015–2024
Figure 27: Rest of Asia Pacific Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Analysis, 2015–2024
Figure 28: Asia Pacific Potassium Iodide Market Attractiveness Analysis, by End-use
Figure 29: Europe Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 30: Europe Potassium Iodide Market Attractiveness Analysis, by Country
Figure 31: Europe Potassium Iodide Market Value Share Analysis, by End-use, 2015 and 2024
Figure 32: Europe Potassium Iodide Market Value Share Analysis, by Country, 2015 and 2024
Figure 33: U.K. Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Analysis, 2015–2024
Figure 34: Italy Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Analysis, 2015–2024
Figure 35: Spain Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Analysis, 2015–2024
Figure 36: France Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Analysis, 2015–2024
Figure 37: Germany Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Analysis, 2015–2024
Figure 38: Rest of Europe Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Analysis, 2015–2024
Figure 39: Europe Potassium Iodide Market Attractiveness Analysis, by End-use
Figure 40: MEA Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 41: MEA Potassium Iodide Market Attractiveness Analysis, by Country
Figure 42: MEA Potassium Iodide Market Value Share Analysis, by End-use, 2015 and 2024
Figure 43: MEA Potassium Iodide Market Value Share Analysis, by Country/Sub-region, 2015 and 2024
Figure 44: GCC Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Analysis, 2015–2024
Figure 45: South Africa Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Analysis, 2015–2024
Figure 46: Rest of Middle East & Africa Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Analysis, 2015–2024
Figure 47: Middle East & Africa Potassium Iodide Market Attractiveness Analysis, by End-use
Figure 48: Latin America Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Forecast, 2015–2024
Figure 49: Latin America Potassium Iodide Market Attractiveness Analysis, by Country/Sub-region
Figure 50: Latin America Potassium Iodide Market Value Share Analysis, by End-use, 2015 and 2024
Figure 51: Latin America Potassium Iodide Market Value Share Analysis, by Country/Sub-region, 2015 and 2024
Figure 52: Brazil Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Analysis, 2015–2024
Figure 53: Rest of Latin America Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Analysis, 2015–2024
Figure 54: Latin America Potassium Iodide Market Attractiveness Analysis, by End-use
Figure 55: Global Potassium Iodide Market Share Analysis, by Company (2015)

List of Tables

Table 01: Global Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Forecast, by End-use, 2015–2024
Table 02: Global Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Forecast, by Region, 2015–2024
Table 03: North America Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Forecast, by End-use, 2015–2024
Table 04: North America Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Forecast, by Country, 2015–2024
Table 05: Asia Pacific Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Forecast, by End-use, 2015–2024
Table 06: Asia Pacific Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Forecast, by Country, 2015–2024
Table 07: Europe Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Forecast, by End-use, 2015–2024
Table 08: Europe Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Forecast, by Country, 2015–2024
Table 09: MEA Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Forecast, by End-use, 2015–2024
Table 10: MEA Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Forecast, by Country/Sub-region, 2015–2024
Table 11: Latin America Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Forecast, by End-use, 2015–2024
Table 12: Latin America Potassium Iodide Market Size (US$ Mn) and Volume (Tons) Forecast, by Country/Sub-region, 2015–2024

Global Potassium Iodide Market: Overview

Potassium iodide is a crystalline salt which is soluble in water and utilized mainly in the pharmaceutical industry. It is one of the most commercially significant iodide compounds with the demand from various industries such as pharmaceutical, food and textiles. Potassium iodide is mentioned in the World Health Organization’s List of Essential Medicines, the most important medication needed in a basic health system. It is a common commercial additive to table salt, in order to produce iodized salt, lack of which leads to health problems such as goiter and cretinism. Potassium iodide is employed mainly in the x-ray contrast media, pharmaceutical industry, food industry, textile industry and photographic film industries.

Global Potassium Iodide Market: Segmentation

Based on the end use industries, global potassium iodide market is segmented as X-ray contrast media, pharmaceutical, nutrition, film photography and others which include textile industry and chemical industry. Potassium iodide is used as an intravascular contrast medium for imaging applications. The X-ray contrast medium is used in the X-ray based imaging techniques such as computed tomography and radiography for enhancing the visibility of internal structures. The number of uses of potassium iodide in the pharmaceutical sector is higher than other sectors. Potassium iodide is used for thyroid-related problems such as thyroid storm and thyroid blockade. A healthy diet that contains potassium iodide as a nutritional supplement can prevent diseases such as goiter, hyperthyroidism, and cretinism caused by iodine deficiency.

Global Potassium Iodide Market: Scope of the Report

The report estimates and forecasts the potassium iodide market on the global, regional, and country levels. The study provides forecast between 2016 and 2024 based on volume (Tons) and revenue (US$ Mn) with 2015 as the base year. The report comprises an exhaustive value chain analysis for each of the end use segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the potassium iodide market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the potassium iodide market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes global average price trend analysis of potassium iodide end use industries.

Global Potassium Iodide Market: Research Methodologies

The report includes Porter’s Five Forces Model to determine the degree of competition in the potassium iodide market. The report comprises a qualitative write-up on market attractiveness analysis, wherein application and countries have been analyzed based on attractiveness for each region. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for potassium iodide between 2016 and 2024.

In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.

The study provides a comprehensive view of the potassium iodide market by dividing it into application and geography. The potassium iodide application segment has been segmented as X-Ray contrast media, pharmaceutical, nutrition, film photography and others. Application segments have been analyzed based on historic, present, and future trends, and the market has been estimated in terms of volume (Tons) and revenue (US$ Mn) between 2016 and 2024.

Global Potassium Iodide Market: Regional Outlook

Regional segmentation includes the current and forecast demand for activated alumina in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Additionally, the report comprises country-level analysis in terms of volume and revenue for end-user segments. Key countries such as the U.S., Germany, France, the U.K., Spain, Italy, India, China, South Africa, Mexico, and Brazil have been included in the study. Market segmentation includes demand for individual end-users in all the regions and countries.

Key Players Mentioned in this Report are:

The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include Merck Millipore, GODO SHIGEN CO.,LTD, Adani Pharmaceuticals, NIPPOH CHEMICALS CO., LTD and Iofina Plc. Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.

The global potassium iodide market has been segmented as follows:

Potassium Iodide Market – End Use Analysis

  • X-Ray Contrast Media
  • Pharmaceutical
  • Nutrition
  • Film Photography
  • Others

Potassium Iodide Market – Regional Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • Egypt
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America


 
 
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