Global Potassium Iodide Market to 2030 - by Product Type, Application and Region - ResearchAndMarkets.com

The "Potassium Iodide Market by Product Type and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Monday, March 21, 2022
Information
Tags: 
Manufacturing, Other Health, Health, Fitness & Nutrition, Chemicals, Plastics, Vomiting, CAGR, Iodine, Potassium iodide, Goitre, Growth, Erythema nodosum, Hospital, Pain scale, Industry, Drinking water, Chest pain, Allergy, Porter's five forces analysis, Food-feed system, Mark (given name), Potassium, Sporotrichosis, Food, Rash, Nodular vasculitis, Lithium, Salt
Geotags: 
EUROPE, NORTH AMERICA
Summary
Key Points: 
  • The "Potassium Iodide Market by Product Type and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
  • The global potassium iodide market was valued at $0.8 billion in 2020, and is projected to reach $1.5 billion by 2030, growing at a CAGR of 6.1% from 2021 to 2030.
  • The growth of the global potassium iodide market is due to rise in demand for pharmaceutical and polymer end-use industries.
  • The potassium iodide market analysis is done on the basis of product type, application, and region.


The "Potassium Iodide Market by Product Type and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

The global potassium iodide market was valued at $0.8 billion in 2020, and is projected to reach $1.5 billion by 2030, growing at a CAGR of 6.1% from 2021 to 2030.

Potassium iodide is a stable salt containing iodine and potassium that is used in applications such as food & feed, life science, polymer additives, and chemical processing.

The growth of the global potassium iodide market is due to rise in demand for pharmaceutical and polymer end-use industries. Iodine is important as it helps to function thyroid properly, other body parts, and metabolic mechanism. In addition, goiter problem occurs due to deficiency of iodine. Hence use of potassium iodide to prevent goiter is a considerable growth factor in the global market. Potassium iodide can be used as a thyroid blocker that helps prohibit secretion of radioactive iodine during nuclear radiation emergency. The use of potassium iodide as thyroid blocking agent is recommended by public officials. This is the key factor escalating the growth of the global market. On the other hand, potassium iodide is used to treat sporotrichosis and other skin inflammation diseases such as erythema nodosum, subacute nodular migratory panniculitis, and nodular vasculitis. This is another growth factor in the global market.

However, prolonged use of potassium iodide leads to allergic reactions such as skin rashes, swollen body parts, and vomiting. This is expected to hamper the market growth. In addition, other side effects such as chest pain, irregular heartbeats, tarry stool, and stomach pain is another considerable factor anticipated to hamper the market growth.

On the contrary, potassium iodide can be used effectively as a micro-biocide and it can be employed for emergency purification of drinking water. It can also be employed during sanitization of food contact surfaces, disinfecting agent in hospitals, and industrial cooling water systems. Potassium iodide can also be used as a key component during in situ production of potassium tri-iodide complexes that is used in antiseptic creams. Moreover, it can be employed in complex inorganic oxide pigments such as bismuth vanadate pigments and inducing polarizing functionality of polymer films that are used in touch screens. All these factors collectively drive the growth of the global market and thereby predicted to offer new opportunities during the forecast period.

The potassium iodide market analysis is done on the basis of product type, application, and region. Depending on product type, the market is divided into solid and liquid. On the basis of application, it is fragmented into pharmaceuticals, nutraceuticals, polymer, food & feed additives, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits

  • Porter's five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current trends and future estimations of the potassium iodide market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
  • The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
  • The profiles of key players and their key strategic developments are enlisted in the report.

Market Dynamics

Drivers

  • Increase in adoption of potassium iodide in pharmaceutical sector
  • Increase in demand for potassium iodide in polymer sector

Restraint

  • Health related side effects

Opportunity

  • Escalating demand for solid potassium iodide

Key Players:

  • American Elements
  • Thermo Fisher Scientific Inc.
  • Samrat Pharmachem Limited
  • Adani Pharmachem Private Limited
  • Deepwater Chemical Inc.
  • Nippoh Chemicals Co. Ltd.
  • Godo Shigen Co. Ltd.
  • Lasa Supergenerics Co. Ltd.
  • IodiTech
  • Zibo Wankang Pharmaceutical Chemical Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/jyvu9f

Copyright: 
Copyright Business Wire 2022