Image

Global Potassium Iodide Market – Industry Trends and Forecast to 2031

Chemical and Materials

Image

Global Potassium Iodide Market – Industry Trends and Forecast to 2031

  • Chemical and Materials
  • Upcoming Report
  • May 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Potassium Iodide Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 1.07 USD Billion
Diagram Market Size (Forecast Year) USD 1.93 USD Billion
Diagram CAGR %

Major Markets Players

  • Dummy1
  • Dummy2
  • Dummy3
  • Dummy4
  • Dummy5

Global Potassium Iodide Market, By Product Type (Solid, Liquid) Grade (Industrial grade, Pharmaceutical Grade, Feed Grade), Applications (Pharmaceutical Industry, Nutritional Supplements, Industrial Applications, Radiation Protection, Photography and Imaging, Others) - Industry Trends and Forecast to 2031.

Potassium Iodide Market

Potassium Iodide Market Analysis and Size

The essential factors contributing to the growth of the global potassium iodide market in the forecast period include increasing demand from the food and beverage industry, growth in industrial applications, technological advancements improving production efficiency, consumer preference for clean label and natural ingredients, and rising health consciousness is leading to the adoption of healthier food options, hence driving the market growth.

Data Bridge Market Research analyses that the global potassium iodide market which was USD 1.07 billion in 2023, is expected to reach USD 1.93 billion by 2031, growing at a CAGR of 7.6% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volume in Units, Pricing in USD

Segments Covered

Product Type (Solid, Liquid) Grade (Industrial grade, Pharmaceutical Grade, Feed Grade), Applications (Pharmaceutical Industry, Nutritional Supplements, Industrial Applications, Radiation Protection, Photography and Imaging, Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

Iofina (U.K.), Adani Group (India), Salvi Chemical Industries Ltd. (India), Tokyo Chemical Industry (India),  Deep Water Chemicals (U.S.), American Elements (U.S.), Nippoh Chemicals Co. Ltd. (Japan), Thermo Fisher Scientific Inc.(U.S.), IodiTech (Canada), Lasa Supergenerics Ltd. (India)

Market Opportunities

  • Increasing Prevalence of Thyroid Disorders and Iodine Deficiency Disorders (IDDs)
  • Expansion of Application in Nutritional Supplements

Market Definition

Potassium iodides represented by the chemical formula KI, is a crucial compound extensively utilized across numerous industries and applications worldwide. This white crystalline salt, composed of potassium and iodine ions, plays a fundamental role in pharmaceuticals, nutritional supplements, industrial processes, and radiation protection measures.

Potassium Iodide Market Dynamics

Drivers

  • Expansion of Pharmaceutical Industry

The endless expansion of the pharmaceutical sector, fuelled by factors such as population growth, aging demographics, and increased healthcare expenditure, generates a robust demand for medications containing potassium iodide. Pharmacological companies are actively developing new interpretations and treatments to address thyroid disorders and radiation emergencies, thereby driving the expansion of the potassium iodide market. This includes the introduction of innovative dosage forms, mishmash therapies, and targeted treatments to meet the evolving medical needs of consumers.

  • Emergency Preparedness

 Potassium iodide is used as a thyroid-blocking agent in nuclear emergencies to prevent the absorption of radioactive iodine by the thyroid gland. Increasing concerns about nuclear accidents or terrorist threats may drive demand for potassium iodide for emergency preparedness purposes.

Opportunities

  • Increasing Demand for Nutritional Supplements

As awareness surrounding iodine deficiency disorders (IDDs) increases and the importance of iodine supplementation is recognized, there arises an opportunity for companies to diversify their offerings of potassium iodide-based nutritional supplements. This entails the development of new formulations catering to specific demographics such as pregnant women and infants, as well as the exploration of innovative delivery methods.

  • Technological Advancements

The scientific progressions within industrial processes create opportunities for the integration of potassium iodide into new applications. This includes its roles as a catalyst, stabilizer, or reagent across various sectors such as chemical, textile, and photography. Additionally, ongoing research and development initiatives to explore potassium iodide's potential in areas such as healthcare, agriculture, and biotechnology open doors for innovation and market expansion. By dedicating resources to research and development, companies can unearth innovative bids for potassium iodide, thus augmentation their product offerings to meet changing market requirements.

Restraints/Challenges

  • Regulatory Compliance and Safety Standards

The potassium iodide manufacturers encounter difficulties in meeting strict regulatory standards and safety requirements. Adhering to regulations concerning product quality, purity, and labeling can elevate production expenses and impede market entry.

  • Environmental Concerns

Environmental considerations linked to iodine manufacture and waste management pose hurdles for potassium iodide manufacturers. Implementing measures to alleviate environmental effects, such as wastewater treatment and waste handling practices, may escalate operational expenses and regulatory compliance obligations

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • In April 2024, The Delaware Emergency Management Agency (DEMA) and Delaware Division of Public Health (DPH) will distribute free potassium iodide (KI) tablets to Delaware residents living within a 10-mile radius (also known as the Emergency Planning Zone or EPZ) of the Salem/Hope Creek Nuclear Generating Stations

Potassium Iodide Market Scope

The market is segmented on the basis of product type, grade and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

  • Solid
  • Liquid

Grade

  • Industrial Grade
  • Pharmaceutical Grade
  • Feed Grade

Application

  • Pharmaceutical Industry
  • Nutritional Supplements
  • Industrial Applications
  • Radiation Protection
  • Photography and Imaging
  • Others

Potassium Iodide Market Regional Analysis/Insights

The market is analysed and market size insights and trends are provided by product type, grade and application as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.

North America, particularly the U.S. is dominating the global potassium iodide market boasts one of the largest pharmaceutical industries globally, with a robust market for thyroid-related medications and radiation protective agents.

Asia-Pacific region exhibits the highest CAGR in the global potassium iodide market. This growth is attributed to increasing consumer awareness of economic growth, industrial development, and investment in key sectors impact the demand for Potassium Iodide.

The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Potassium Iodide Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Some of the major players operating in the market are:

  • Iofina (U.K.)
  • Adani Group (India)
  • Salvi Chemical Industries Ltd. (India)
  • Tokyo Chemical Industry (India)
  • Deep Water Chemicals (U.S.)
  • American Elements (U.S.)
  • Nippoh Chemicals Co. Ltd. (Japan)
  • Thermo Fisher Scientific Inc.(U.S.)
  • IodiTech (Canada)
  • Lasa Supergenerics Ltd. (India)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

FREQUENTLY ASK QUESTIONS

The Potassium Iodide Market size will be worth USD 1.93 billion by 2031.
The Potassium Iodide Market growth rate will be 7.6% by 2031
Expansion of Pharmaceutical Industry and Emergency Preparedness are the growth drivers of the Potassium Iodide Market.
The product type, grade and application are the factors on which the Potassium Iodide Market research is based.
The major companies in the Potassium Iodide Market are Iofina (U.K.), Adani Group (India), Salvi Chemical Industries Ltd. (India), Tokyo Chemical Industry (India), Deep Water Chemicals (U.S.), American Elements (U.S.), Nippoh Chemicals Co. Ltd. (Japan), Thermo Fisher Scientific Inc.(U.S.), IodiTech (Canada), Lasa Supergenerics Ltd. (India).
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials