Potassium Iodate Market: Global Industry Analysis And Forecast (2023-2029)

Potassium Iodate Market was valued at US$ 954.34 Mn. in 2022. Global Potassium Iodate Market size is estimated to grow at a CAGR of 6.54 %.
Potassium Iodate Market Overview:
Potassium iodate is an oxidizing agent, which catches fire when it comes in contact with a reducing agent. It is widely accepted as an additive to enhance iodine levels in human body. It is a chemical, which is white in color, odourless and insoluble in water. Potassium iodate is stable source of iodine, which is used as an oxidizing agent in the estimation of hydrolysable tannins.To know about the Research Methodology :- Request Free Sample Report

Potassium iodate is used for iodization of edible common salt. It also used as feed additives and maturing agents. It is used as dough conditioner in bread manufacturing. In the developing country like India, Tata Chemical Ltd., Captain cook and other major key players and small-scale industries are consuming potassium iodate for salt iodization, which is boosting the production of Potassium iodate.
Potassium Iodate Market Dynamics:
Usages of potassium iodate in agricultural industries and preference of stable form of iodine to prevent animal disease and iodine deficiency are some of the prominent factors behind the market growth. The demand for potassium iodate or chemicals depends on its different uses in industries like, water treatment, food preservation, agriculture, medical, industrial. The non-flammable and compressed characteristics of potassium iodate are playing the major key role in the many end user industries that drive its demand. The expansion of the pharmaceutical and suitable properties of potassium iodate in the iodine deficiencies are boosting its demand in manufacturing of antiseptics, disinfectants, and deodorants.

Benefits offered by Potassium iodate drives the production

Potassium iodate is used in the iodination of table salt because iodide can be oxidised by molecular oxygen to iodine under wet conditions. It has wide usage scope in the analysis of testing arsenic and zinc. It is used in the iodometry in medicine manufacturing. It is used in food as a maturing agent and dough conditioner.

Potassium iodate is used in the food and healthcare industry. It is used as an additive to raise herbage iodine levels. In the food industry, potassium iodate is used as a source for dietary iodine. Potassium iodate plays a vital role in strengthening and oxidizing agents for food ingredient almost immediately after mixing. It speeds up the responses, which permit the dough to rise in the course of baking. The demand for additives in various food product manufacturing which delivers enhanced quality is expected to boost industry growth. On the other hand, major side effect related to the incorporation of the potassium iodate production is expected to limit the market growth in the near future. The report covers the detail analysis of the market dynamics like drivers, restraints, opportunities and challenges by each region.
Potassium Iodate Market Segment Analysis:
Based on the application, Potassium Iodate Market is segmented into chemical industry, agriculture industry, pharmaceutical industry and others. The agriculture industry is expected to contribute more than 30% share in the market. high demand for the potassium iodate product in agriculture is bending interest of the manufacturer to produce food preservative product to increase the self of life and protection against microbial attack. Irrigating with iodine derivatives, mainly potassium iodate can provide similar benefits to fertilization with iodate salts. World Health Organization has interested in biofortification through irrigation with iodine derivatives. The Potassium Iodate is used in agriculture as a stable form of iodine to correct iodine deficiency and prevent various animal diseases for animal.
Potassium Iodate Market Regional Insights:
Asia Pacific region is projected to be leading region in the global potassium iodate market. The rapid expansion of the end user industries like food, pharmaceutical, chemical, and agricultural industry across developing economies like India, China, Japan are expected to drive the regional market growth. The rapid industrialization and thriving pharmaceutical increase the production of the potassium iodate. In India, the Govt. of India has passed an act to iodize the common edible salt with the consideration of health factors of Indian people. The export of salt is unlocked in international market only when the salt is iodized as per ISO 9000 specification. There are 26 manufacturing units producing Potassium Iodate to fulfil the requirement for skyrocketing demand across country.

The objective of the report is to present a comprehensive analysis of the global Potassium Iodate Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Potassium Iodate Market dynamic, structure by analyzing the market segments and projecting the Potassium Iodate Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Potassium Iodate Market make the report investor’s guide.
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Global Potassium Iodate Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 954.34 Mn.


Forecast Period 2023 to 2029 CAGR:
6.54%
Market Size in 2029:
US $ 1486.9 Mn.


 Segments Covered:
by Type
Pharmaceutical Grade Potassium Iodate
Industrial Grade Potassium Iodate
Feed Grade Potassium Iodate


by Application
Chemical Industry
Agriculture Industry
Pharmaceutical Industry
Others



Potassium Iodate Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Potassium Iodate Market, Key Players are
1. Chongqing Changyuan Chemical Corporations Limited
2.Tianjin Chemical Industry Co., Ltd
3.Boyuan Pharmaceutical and Chemical 
4. Jiangxi Shengdian SandT
5. Youlian Fine Chemical
6. Tocean Iodine Products
7. Honghe Pharmacy
8. Omkar Chemicals
9. Hanwei Chemical
10. Micron Laboratories
11. Triveni Chemicals
12. Adani Pharma
13. Jindian Chemical
14. Iofina
15. Shengdian S&T
16. Uquifa
17. Triveni Chemicals
18. Changyuan Chemical
19. Adani Pharma
20. Chemicals India Company

Frequently Asked Questions:

1] What segments are covered in the Potassium Iodate Market report?
Ans. The segments covered in the Potassium Iodate Market report are based on Type and Application.

2] Which region is expected to hold the highest share in the Potassium Iodate Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Potassium Iodate Market.

3] What is the market size of the Potassium Iodate Market by 2029?
Ans. The market size of the Potassium Iodate Market by 2029 is US$ 1486.95 Mn.

4] What is the forecast period for the Potassium Iodate Market?
Ans. The forecast period for the Potassium Iodate Market is 2023-2029.

5] What was the market size of the Potassium Iodate Market in 2022?
Ans. The market size of the Potassium Iodate Market in 2022 was US$ 954.34 Mn.