Potassium Iodide Market- Global Industry Analysis and Forecast (2021-2027)

Global Potassium Iodide Market was valued US$ 854.3 Mn. in 2020 and is estimated to grow at CAGR of 7.3 %, to reach US$ 1399 Mn. by 2027. The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and the same is reflected in our analysis.

Global Potassium Iodide Market Definition:

Potassium Iodide (KI) is a non-reactive chemical compound, salt of stable widely used as dietary supplement, Thyroid protection & medication. The World Health Organization's mention Potassium Iodide as safest & Essential Medicines, and important source of iodine, lack of which can cause severe health problems such as cretinism and goiter. Global Potassium Iodide Market To know about the Research Methodology :- Request Free Sample Report In terms of volume, China held the leading share, approximately 40-45% of market share in the year 2020. The report has covered the country wise market share as well as key players market share in the global market and market by region.

Global Potassium Iodide Market Dynamics:

The report covers worldwide Potassium Iodide Market size in value and volume with market dynamics by region. All the segments and their detailed evaluation of the trends and factors affecting the market analyzed in the report. Market affecting factors cover drivers, restraints, opportunities, and challenges, consolidation, investment in the industry with focus on key market players by region. The growth is due to the pervasive characteristic of Potassium iodide and is vigorously use in the pharmaceutical industry, food industry, photographic film industries, x-ray contrast media and textile industry for X-rays, CT scans and helping doctors to effectively diagnose patients. Further, potassium iodide is also being used as a medication since 1820, and is considered as the most effective & safe medication to treat hyperthyroidism, radiation emergencies and helps protect the thyroid gland. The FDA recommended Potassium iodide as a dietary supplement for patients with low iodine content in the body and in the animal as feed. Rising demand for nutritional foods and growing health concerns and are the major factors promoting the use of potassium iodide. However, chronic overconsumption of potassium iodide may cause contraindication such as Jod-Basedow phenomena, hypothyroidism & hyperthyroidism condition.

Global Potassium Iodide Market Medical Treatment:

The most common cause due to lack of potassium iodide is goiter globally, the Total Goiter Prevalence (TGP) as studied from Wickham in the U.K the overall population is estimated to be 16%, with 4.7% in America and 28.3% in Africa. The occurrence of goiter in children is between aged 6 to 12 years in the world. As studied goiter affects nearly 200 Mn. to 800 Mn. people annually caused 90% due to iodine deficiency. Potassium iodide is also used to treat pulmonary infection as an expectorant syrup at a concentration of 2.0% (20mg/mL). For goiter treatment radioactive iodine is used most effectively, sometimes thyroid supplements or KI solution, Lugol's iodine is also given.

Global Potassium Iodide Market Segment Analysis

The report covers competitive analysis of the Potassium Iodide Market in each of the geographical segments thereby providing insight into a market share of the countries. Based on the Application, X-ray contrast media segment is estimated as a dominant market and is projected to reach US$ X.5 Bn at a CAGR of XX% during the forecast period. The growth is attributed due to the increasing number of CT examinations together with advancements in CT imaging technologies extending the market growth over the forecasted period. Moreover, the widespread application of Potassium iodide in pharmaceutical & food and beverages industries as an intravascular contrast medium to improve the quality of images enhances the visibility of vascular structures. Also, Iodine-based contrast media is the type of intravenous radiocontrast agent widely used in venography, angiography, fluoroscopy and plain radiography. Global Potassium Iodide Market Based on Industrial Grade, the pharmaceutical industry is estimated to dominate the largest market in 2020 and forecasted to grow at a CAGR of 7.0% in the upcoming forecast period. 42.2% of the overall market is occupied by the pharmaceutical sector. Further, the widerspread application of potassium iodide in the treatment of thyroid-related problems such as hypothyroidism, hyperthyroidism, and thyroid blockade & thyroid storm is driving the market and is also utilized in film photography and fluorescence quenching industrially.

Global Potassium Iodide Market Regional Analysis:

APAC is was the dominant market with a market share of xx% in 2020 and is anticipated to reach US$ xx Bn by 2027, growing at a CAGR of 7.5 %. The dominance is mainly due to healthy growth of the food & beverages and pharmaceutical industries with the continuous rise in population especially in emerging countries like India and China. In 2020 market size was valued at US$ xx Bn while in China, the market size was valued XX Bn and expected to increase by US$ X.30 Bn in coming years. Dominated by pharmaceutical industries with the major market of 42.2% growing at CAGR of 7.0% during the forecast and offline distribution channels growing at CAGR of 5.9%. Furthermore, the recent COVID-19 pandemic outbreak will negatively hinder market growth in the Asia Pacific region. Europe is projected as the second-largest market in 2020 and anticipated to grow at a CAGR of 6.3% due to rising popularity towards technology advancement as imaging significant in X-rays and growth in the Food & Beverages market over the next seven years. North America is forecasted to grow at CAGR of 6.6% owing to innovative development.

Global Potassium Iodide Market Competitive Analysis:

The report of Global Potassium Iodide Market analysis includes information of detailed analysis leading manufacturer’s, prominent vendors and upcoming trends & challenges that will influence market growth. Further, the adoption of variant strategic business activities such as acquisitions, mergers, collaboration, etc. are estimated to create productive opportunities for the global market over the forecast period. As per report, some major prominent players in Potassium Iodide Market are GODO SHIGEN, Nippoh Chemicals, Deepwater Chemicals The objective of the report is to present a comprehensive analysis of the Global Potassium Iodide Market including all the stakeholders of the industry. The past and current status of the industry with 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 includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has 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.

Some of the Key Recent Trends Developments& Acquisition:

• Iofina plc Company established itself as a material producer of iodine by recycling iodide from chemical water, co-production of iodine from third party Brine like Oklahoma, and Wyoming, producing specialized derivative. The report also helps in understanding Global Potassium Iodide Market dynamics, structure by analyzing the market segments and projects the Global Potassium Iodide Market size. Clear representation of competitive analysis of key players By Pathogen Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Potassium Iodide Market make the report investor’s guide

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Global Potassium Iodide Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 854.3 Mn.
Forecast Period 2021 to 2027 CAGR: 7.3% Market Size in 2027: US $ 1399 Mn.
Segments Covered: by Type • Industrial Grade • Non-industrial Grade
by Application • X-Ray Contrast Media • Pharmaceutical • Nutrition • Film Photography • Others

Global Potassium Iodide Market, By Region

• North America • Europe • Asia Pacific • The Middle East and Africa • Latin America

Global Potassium Iodide Market, key Players

• GODO SHIGEN • Nippoh Chemicals • Deepwater Chemicals • Merck • Iofina • Fujikasei • Crystran • Qingdao Huaerwei Chemical • Zibo Wankang Pharmaceutical Chemical • Taixing Youlian Fine Chemical • Qingdao Gimhae Iodide Chemical • Nanjing Taiye Chemical Industry • Adani Pharmaceuticals • LASA Laboratory Pvt.Ltd • Champa Purie-Chem Industries • Tianjin Chemical Industry Co., Ltd • Youlian Fine Chemical • Taiye Chemical • JIODINE Chemical • Lingang Chemical • Honghe Pharmacy • Hanwei Chemical
Global Potassium Iodide Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Potassium Iodide Market Size, by Market Value (US$ Bn) and Volume (Units) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 4.8. Patent Registration 5. Supply Side and Demand Side Indicators 6. Global Potassium Iodide Market Analysis and Forecast 6.1. Global Potassium Iodide Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Potassium Iodide Market Analysis and Forecast, By Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Potassium Iodide Market Value Share Analysis, By Type 7.4. Global Potassium Iodide Market Size (US$ Bn) Forecast, By Type 7.5. Global Potassium Iodide Market Analysis, By Type 7.6. Global Potassium Iodide Market Attractiveness Analysis, By Type 8. Global Potassium Iodide Market Analysis and Forecast, By Application 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Potassium Iodide Market Value Share Analysis, By Application 8.4. Global Potassium Iodide Market Size (US$ Bn) Forecast, By Application 8.5. Global Potassium Iodide Market Analysis, By Application 8.6. Global Potassium Iodide Market Attractiveness Analysis, By Application 9. Global Potassium Iodide Market Analysis, by Region 9.1. Global Potassium Iodide Market Value Share Analysis, by Region 9.2. Global Potassium Iodide Market Size (US$ Bn) Forecast, by Region 9.3. Global Potassium Iodide Market Attractiveness Analysis, by Region 10. North America Potassium Iodide Market Analysis 10.1. Key Findings 10.2. North America Potassium Iodide Market Overview 10.3. North America Potassium Iodide Market Value Share Analysis, By Type 10.4. North America Potassium Iodide Market Forecast, By Type 10.4.1. Industrial Grade 10.4.2. Non-industrial Grade 10.5. North America Potassium Iodide Market Value Share Analysis, By Application 10.6. North America Potassium Iodide Market Forecast, By Application 10.6.1. X-Ray Contrast Media 10.6.2. Pharmaceutical 10.6.3. Nutrition 10.6.4. Film Photography 10.6.5. Others 10.7. North America Potassium Iodide Market Value Share Analysis, by Country 10.8. North America Potassium Iodide Market Forecast, by Country 10.8.1. The U.S. 10.8.2. Canada 10.9. North America Potassium Iodide Market Analysis, by Country 10.10. U.S. Potassium Iodide Market Forecast, By Type 10.10.1. Industrial Grade 10.10.2. Non-industrial Grade 10.11. U.S. Potassium Iodide Market Forecast, By Application 10.11.1. X-Ray Contrast Media 10.11.2. Pharmaceutical 10.11.3. Nutrition 10.11.4. Film Photography 10.11.5. Others 10.12. Canada Potassium Iodide Market Forecast, By Type 10.12.1. Industrial Grade 10.12.2. Non-industrial Grade 10.13. Canada Potassium Iodide Market Forecast, By Application 10.13.1. X-Ray Contrast Media 10.13.2. Pharmaceutical 10.13.3. Nutrition 10.13.4. Film Photography 10.13.5. Others 10.14. North America Potassium Iodide Market Attractiveness Analysis 10.14.1. By Type 10.14.2. By Application 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Development 11. Europe Potassium Iodide Market Analysis 11.1. Key Findings 11.2. Europe Potassium Iodide Market Overview 11.3. Europe Potassium Iodide Market Value Share Analysis, By Type 11.4. Europe Potassium Iodide Market Forecast, By Type 11.4.1. Industrial Grade 11.4.2. Non-industrial Grade 11.5. Europe Potassium Iodide Market Value Share Analysis, By Application 11.6. Europe Potassium Iodide Market Forecast, By Application 11.6.1. X-Ray Contrast Media 11.6.2. Pharmaceutical 11.6.3. Nutrition 11.6.4. Film Photography 11.6.5. Others 11.7. Europe Potassium Iodide Market Value Share Analysis, by Country 11.8. Europe Potassium Iodide Market Forecast, by Country 11.8.1. Germany 11.8.2. The U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Rest of Europe 11.9. Europe Potassium Iodide Market Analysis, by Country 11.10. Germany Potassium Iodide Market Forecast, By Type 11.10.1. Industrial Grade 11.10.2. Non-industrial Grade 11.11. Germany Potassium Iodide Market Forecast, By Application 11.11.1. X-Ray Contrast Media 11.11.2. Pharmaceutical 11.11.3. Nutrition 11.11.4. Film Photography 11.11.5. Others 11.12. U.K. Potassium Iodide Market Forecast, By Type 11.12.1. Industrial Grade 11.12.2. Non-industrial Grade 11.13. U.K. Potassium Iodide Market Forecast, By Application 11.13.1. X-Ray Contrast Media 11.13.2. Pharmaceutical 11.13.3. Nutrition 11.13.4. Film Photography 11.13.5. Others 11.14. France Potassium Iodide Market Forecast, By Type 11.14.1. Industrial Grade 11.14.2. Non-industrial Grade 11.15. France Potassium Iodide Market Forecast, By Application 11.15.1. X-Ray Contrast Media 11.15.2. Pharmaceutical 11.15.3. Nutrition 11.15.4. Film Photography 11.15.5. Others 11.16. Italy Potassium Iodide Market Forecast, By Type 11.16.1. Industrial Grade 11.16.2. Non-industrial Grade 11.17. Italy Potassium Iodide Market Forecast, By Application 11.17.1. X-Ray Contrast Media 11.17.2. Pharmaceutical 11.17.3. Nutrition 11.17.4. Film Photography 11.17.5. Others 11.18. Spain Potassium Iodide Market Forecast, By Type 11.18.1. Industrial Grade 11.18.2. Non-industrial Grade 11.19. Spain Potassium Iodide Market Forecast, By Application 11.19.1. X-Ray Contrast Media 11.19.2. Pharmaceutical 11.19.3. Nutrition 11.19.4. Film Photography 11.19.5. Others 11.20. Rest of Europe Potassium Iodide Market Forecast, By Type 11.20.1. Industrial Grade 11.20.2. Non-industrial Grade 11.21. Rest of Europe Potassium Iodide Market Forecast, By Application 11.21.1. X-Ray Contrast Media 11.21.2. Pharmaceutical 11.21.3. Nutrition 11.21.4. Film Photography 11.21.5. Others 11.22. Europe Potassium Iodide Market Attractiveness Analysis 11.22.1. By Type 11.22.2. By Application 11.23. PEST Analysis 11.24. Key Trend 11.25. Key Development 12. Asia Pacific Potassium Iodide Market Analysis 12.1. Key Findings 12.2. Asia Pacific Potassium Iodide Market Overview 12.3. Asia Pacific Potassium Iodide Market Value Share Analysis, By Type 12.4. Asia Pacific Potassium Iodide Market Forecast, By Type 12.4.1. Industrial Grade 12.4.2. Non-industrial Grade 12.5. Asia Pacific Potassium Iodide Market Value Share Analysis, By Application 12.6. Asia Pacific Potassium Iodide Market Forecast, By Application 12.6.1. X-Ray Contrast Media 12.6.2. Pharmaceutical 12.6.3. Nutrition 12.6.4. Film Photography 12.6.5. Others 12.7. Asia Pacific Potassium Iodide Market Value Share Analysis, by Country 12.8. Asia Pacific Potassium Iodide Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Potassium Iodide Market Analysis, by Country 12.10. China Potassium Iodide Market Forecast, By Type 12.10.1. Industrial Grade 12.10.2. Non-industrial Grade 12.11. China Potassium Iodide Market Forecast, By Application 12.11.1. X-Ray Contrast Media 12.11.2. Pharmaceutical 12.11.3. Nutrition 12.11.4. Film Photography 12.11.5. Others 12.12. India Potassium Iodide Market Forecast, By Type 12.12.1. Industrial Grade 12.12.2. Non-industrial Grade 12.13. India Potassium Iodide Market Forecast, By Application 12.13.1. X-Ray Contrast Media 12.13.2. Pharmaceutical 12.13.3. Nutrition 12.13.4. Film Photography 12.13.5. Others 12.14. Japan Potassium Iodide Market Forecast, By Type 12.14.1. Industrial Grade 12.14.2. Non-industrial Grade 12.15. Japan Potassium Iodide Market Forecast, By Application 12.15.1. X-Ray Contrast Media 12.15.2. Pharmaceutical 12.15.3. Nutrition 12.15.4. Film Photography 12.15.5. Others 12.16. ASEAN Potassium Iodide Market Forecast, By Type 12.16.1. Industrial Grade 12.16.2. Non-industrial Grade 12.17. ASEAN Potassium Iodide Market Forecast, By Application 12.17.1. X-Ray Contrast Media 12.17.2. Pharmaceutical 12.17.3. Nutrition 12.17.4. Film Photography 12.17.5. Others 12.18. Rest of Asia Pacific Potassium Iodide Market Forecast, By Type 12.18.1. Industrial Grade 12.18.2. Non-industrial Grade 12.19. Rest of Asia Pacific Potassium Iodide Market Forecast, By Application 12.19.1. X-Ray Contrast Media 12.19.2. Pharmaceutical 12.19.3. Nutrition 12.19.4. Film Photography 12.19.5. Others 12.20. Asia Pacific Potassium Iodide Market Attractiveness Analysis 12.20.1. By Type 12.20.2. By Application 12.21. PEST Analysis 12.22. Key Trend 12.23. Key Development 13. The Middle East & Africa Potassium Iodide Market Analysis 13.1. Key Findings 13.2. The Middle East & Africa Potassium Iodide Market Overview 13.3. The Middle East & Africa Potassium Iodide Market Value Share Analysis, By Type 13.4. The Middle East & Africa Potassium Iodide Market Forecast, By Type 13.4.1. Industrial Grade 13.4.2. Non-industrial Grade 13.5. The Middle East & Africa Potassium Iodide Market Value Share Analysis, By Application 13.6. The Middle East & Africa Potassium Iodide Market Forecast, By Application 13.6.1. X-Ray Contrast Media 13.6.2. Pharmaceutical 13.6.3. Nutrition 13.6.4. Film Photography 13.6.5. Others 13.7. The Middle East & Africa Potassium Iodide Market Value Share Analysis, by Country 13.8. The Middle East & Africa Potassium Iodide Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. The Middle East & Africa Potassium Iodide Market Analysis, by Country 13.10. GCC Potassium Iodide Market Forecast, By Type 13.10.1. Industrial Grade 13.10.2. Non-industrial Grade 13.11. GCC Potassium Iodide Market Forecast, By Application 13.11.1. X-Ray Contrast Media 13.11.2. Pharmaceutical 13.11.3. Nutrition 13.11.4. Film Photography 13.11.5. Others 13.12. South Africa Potassium Iodide Market Forecast, By Type 13.12.1. Industrial Grade 13.12.2. Non-industrial Grade 13.13. South Africa Potassium Iodide Market Forecast, By Application 13.13.1. X-Ray Contrast Media 13.13.2. Pharmaceutical 13.13.3. Nutrition 13.13.4. Film Photography 13.13.5. Others 13.14. Rest of the Middle East & Africa Potassium Iodide Market Forecast, By Type 13.14.1. Industrial Grade 13.14.2. Non-industrial Grade 13.15. Rest of the Middle East & Africa Potassium Iodide Market Forecast, By Application 13.15.1. X-Ray Contrast Media 13.15.2. Pharmaceutical 13.15.3. Nutrition 13.15.4. Film Photography 13.15.5. Others 13.16. The Middle East & Africa Potassium Iodide Market Attractiveness Analysis 13.16.1. By Type 13.16.2. By Application 13.17. PEST Analysis 13.18. Key Trend 13.19. Key Development 14. South America Potassium Iodide Market Analysis 14.1. Key Findings 14.2. South America Potassium Iodide Market Overview 14.3. South America Potassium Iodide Market Value Share Analysis, By Type 14.4. South America Potassium Iodide Market Forecast, By Type 14.4.1. Industrial Grade 14.4.2. Non-industrial Grade 14.5. South America Potassium Iodide Market Value Share Analysis, By Application 14.6. South America Potassium Iodide Market Forecast, By Application 14.6.1. X-Ray Contrast Media 14.6.2. Pharmaceutical 14.6.3. Nutrition 14.6.4. Film Photography 14.6.5. Others 14.7. South America Potassium Iodide Market Value Share Analysis, by Country 14.8. South America Potassium Iodide Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. Brazil Potassium Iodide Market Forecast, By Type 14.9.1. Industrial Grade 14.9.2. Non-industrial Grade 14.10. Brazil Potassium Iodide Market Forecast, By Application 14.10.1. X-Ray Contrast Media 14.10.2. Pharmaceutical 14.10.3. Nutrition 14.10.4. Film Photography 14.10.5. Others 14.11. Mexico Potassium Iodide Market Forecast, By Type 14.11.1. Industrial Grade 14.11.2. Non-industrial Grade 14.12. Mexico Potassium Iodide Market Forecast, By Application 14.12.1. X-Ray Contrast Media 14.12.2. Pharmaceutical 14.12.3. Nutrition 14.12.4. Film Photography 14.12.5. Others 14.13. Rest of South America Potassium Iodide Market Forecast, By Type 14.13.1. Industrial Grade 14.13.2. Non-industrial Grade 14.14. Rest of South America Potassium Iodide Market Forecast, By Application 14.14.1. X-Ray Contrast Media 14.14.2. Pharmaceutical 14.14.3. Nutrition 14.14.4. Film Photography 14.14.5. Others 14.15. South America Potassium Iodide Market Attractiveness Analysis 14.15.1. By Type 14.15.2. By Application 14.16. PEST Analysis 14.17. Key Trend 14.18. Key Development 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications, and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.4. M&A by Regions, Investment and Applications 15.2.5. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. GODO SHIGEN 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Company Footprint 15.3.2. Nippoh Chemicals 15.3.3. Deepwater Chemicals 15.3.4. Merck 15.3.5. Iofina 15.3.6. Fujikasei 15.3.7. Crystran 15.3.8. Qingdao Huaerwei Chemical 15.3.9. Zibo Wankang Pharmaceutical Chemical 15.3.10. Taixing Youlian Fine Chemical 15.3.11. Qingdao Gimhae Iodide Chemical 15.3.12. Nanjing Taiye Chemical Industry 15.3.13. Adani Pharmaceuticals 15.3.14. LASA Laboratory Pvt.Ltd 15.3.15. Champa Purie-Chem Industries 15.3.16. Tianjin Chemical Industry Co., Ltd 15.3.17. Youlian Fine Chemical 15.3.18. Taiye Chemical 15.3.19. JIODINE Chemical 15.3.20. Lingang Chemical 15.3.21. Honghe Pharmacy 15.3.22. Hanwei Chemical. 16. Primary Key Insights

About This Report

Report ID58990
Category Material & Chemical
Published DateApril 2020
Updated DateDec 2021
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