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

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.

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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.

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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.

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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.

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