+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free

Potassium Iodide Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Pre Book Price: $ 5216

Original Price: $ 5795

Potassium iodide is an inorganic compound that is similar to table salt. Potassium iodide is medicinally used for thyroid storm, thyroid blockade and also as an expectorant. Potassium iodide is less hygroscopic than sodium iodide, making it easier to work with. Potassium iodide has industrial, pharmaceutical and medical applications. Potassium iodide is on the World Health Organization's list of essential medicines, a list of the most important medication needed in a basic health system. The major use of potassium iodide is as a nutritional supplement in human diet and animal feeds. The U.S. Food and Drug Administration has approved the use of potassium iodide to protect thyroid glands from radioactive iodine involving accidents or fission emergencies. Potassium iodide is a common additive used to “iodize” table salt. The oxidation of iodide causes slow loss of iodide content from iodine salts that are exposed to air. Potassium iodide can also be used as a component in the electrolyte of dye sensitized solar cells (DSSC) along with iodine.

The growth in end user industry is expected to increase demand for potassium iodide. The growth in pharmaceutical, photography and nutritional supplement industry is expected to increase demand for potassium iodide. In addition, changing lifestyle, increasing urbanization and rising demand for iodized salt in emerging economies of Asia Pacific, Latin America and Africa is expected to further boost demand for potassium iodide. However, availability of substitutes, fluctuating raw material prices and government regulations could hamper the growth of this market. Potassium iodate (KIO3) can replace potassium iodide for thyroid blocking in a radiation emergency.

Asia Pacific is expected to be the fastest growing market for potassium iodide followed by North America and Europe.  China and India are expected to be the largest consumers of potassium iodide in Asia Pacific due to growing demand for nutritional supplements from urban population. Vietnam, Malaysia, Japan and Indonesia are expected to be other major consumers of potassium iodide in Asia Pacific. North America and Europe are mature markets and expected to grow at a moderate rate. Latin America is also expected to grow at a high rate with Brazil and Argentina being major consumers of potassium iodide.

The market is dominated by large and medium chemical and materials companies. Some of the key players in this market are Champa Purie-Chem Industries (India), Laksh Finechem Pvt. Ltd (India), Infinium Pharmachem Private Limited (India), Paradise Pharma Chem (India), Adani Pharmachem Private Limited (India), Zibo Qingxin Chemicals Factory (China), Zouping Changshan Town Zefeng Fertilizer Factory (China), Zhengzhou Debao Fine Chemical Co., Ltd.(China), YongHua Chemical Technology (Jiangsu) Co., Ltd. (China), Shaanxi TOP Pharm Chemical Co., Ltd.(China),  Tianjin Yinlida Chemicals Co., Ltd. (China),  Hangzhou Reb Technology Co., Ltd. (China), Shanghai Yuejiang Titanium Chemical Manufacturer Co., Ltd.(China),  A . M Food Chemical (Jinan) Co., Limited (China), Jinan Shijitongda Chemical Co., Ltd. (China), Shanghai Renyoung Pharmaceutical Co., Ltd. (China), Nanjing Juhao Chemical Co., Ltd.(China), Baoji Guokang Bio-Technology Co., Ltd.(China), Suzhou Houjin Chemical Co., Ltd. (China), Ningbo Hi-Tech Zone Yefeng New Materials Technology Co., Ltd.(China), Ningbo Samreal Chemical Co., Ltd.(China),  Xi'an Leader Biochemical Engineering Co., Ltd. (China), Tianjin Yuanlong Chemical Industry Co., Ltd.(China), Tianjin Yinlida Chemicals Co., Ltd. (China), Mercury Dye Chem Industries (India), Lasa Laboratory Private Limited (India) and Crescent Chemical Co., Inc. (U.S.) among others. Companies are using aggressive marketing tactics to increase their market share.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape. 

The study is a source of reliable data on:

  • Key market segments and sub-segments
  • Evolving market trends and dynamics
  • Changing supply and demand scenarios
  • Quantifying market opportunities through market sizing and market forecasting
  • Tracking current trends/opportunities/challenges
  • Competitive insights
  • Opportunity mapping in terms of technological breakthroughs 

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa) 

TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market. 

TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place.  All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.

To receive discount, please click on the button below.

Please click on the button below to customize this report.

Back To Top