Global Potassium Iodide Market to Settle at 5.8% Growth Rate by 2021-27

The global Potassium Iodide market was valued at US$ 865.4 million in 2020 and it is expected to reach US$ 1294.7 million by the end of 2027, growing at a CAGR of 5.8% during 2021-2027.

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.

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: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Potassium Iodide Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are Iofina, Godo Shigen, Nippoh Chemicals, Deepwater Chemicals, Merck, Fujikasei, Crystran, Qingdao Huaerwei Chemical, Zibo Wankang Pharmaceutical Chemical and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at: https://www.themarketreports.com/report/global-potassium-iodide-market-research-report

Segment by Type

  • Industrial Grade
  • Non-industrial Grade

Segment by Application

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

Table of Content:

1 Potassium Iodide Market Overview

2 Potassium Iodide Market Competition by Manufacturers

3 Potassium Iodide Retrospective Market Scenario by Region

4 Global Potassium Iodide Historic Market Analysis by Type

5 Global Potassium Iodide Historic Market Analysis by Application

6 Key Companies Profiled

7 Potassium Iodide Manufacturing Cost Analysis

8 Marketing Channel, Distributors and Customers

9 Potassium Iodide Market Dynamics

10 Global Potassium Iodide Market Forecast

11 Research Finding and Conclusion

12 Methodology and Data Source

13 Forecast by Type and by Application (2022-2027)

14 Research Finding and Conclusion

15 Methodology and Data Source

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