Potassium Iodide Market was valued US$ 983.57 Mn. in 2022 and is estimated to grow at CAGR of 7.3%, to reach US$ 1610.66 Mn. by 2029. 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.
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.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.
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.
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.
Potassium Iodide Market Segment AnalysisThe 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. 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.
Potassium Iodide Market Regional Analysis:APAC is was the dominant market with a market share of xx% in 2022 and is anticipated to reach US$ xx Bn by 2029, 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 2022 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 2022 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.
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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Potassium Iodide Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 983.576 Mn. Forecast Period 2023 to 2029 CAGR: 7.3% Market Size in 2029: US $ 1610.66 Mn. Segments Covered: by Product Solid Liquid by Type Industrial Grade Non-industrial Grade by Application X-Ray Contrast Media Pharmaceutical Nutrition Film Photography Others
Potassium Iodide Market, By RegionNorth 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 Iodide Market Key Players are:1. GODO SHIGEN 2. Nippoh Chemicals 3. Deepwater Chemicals 4. Merck 5. Iofina 6. Fujikasei 7. Crystran 8. Qingdao Huaerwei Chemical 9. Zibo Wankang Pharmaceutical Chemical 10.Taixing Youlian Fine Chemical 11.Qingdao Gimhae Iodide Chemical 12.Nanjing Taiye Chemical Industry 13.Adani Pharmaceuticals 14.LASA Laboratory Pvt.Ltd 15.Champa Purie-Chem Industries 16.Tianjin Chemical Industry Co., Ltd 17.Youlian Fine Chemical 18.Taiye Chemical 19.JIODINE Chemical 20.Lingang Chemical 21.Honghe Pharmacy 22.Hanwei Chemical Frequently Asked questions 1. What is the market size of the Global Potassium Iodide Market in 2022? Ans. The market size Global Potassium Iodide Market in 2022 was US$ 983.57 Million. 2. What are the different segments of the Global Potassium Iodide Market? Ans. The Global Potassium Iodide Market is divided into Product ,Application and Type. 3. What is the study period of this market? Ans. The Global Potassium Iodide Market will be studied from 2022 to 2029. 4. Which region is expected to hold the highest Global Potassium Iodide Market share? Ans. The Asia Pacific dominates the market share in the market. 5. What is the Forecast Period of Global Potassium Iodide Market? Ans. The Forecast Period of the market is 2023-2029 in the market.
1. Global Potassium Iodide Market Market: Research Methodology 2. Global Potassium Iodide Market Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Potassium Iodide Market Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Potassium Iodide Market Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Potassium Iodide Market Market Segmentation 4.1 Global Potassium Iodide Market Market, by Product (2022-2029) • Solid • Liquid 4.2 Global Potassium Iodide Market Market, by Type (2022-2029) • Industrial Grade • Non-industrial Grade 4.3 Global Potassium Iodide Market Market, by Application (2022-2029) • X-Ray Contrast Media • Pharmaceutical • Nutrition • Film Photography • Others 5. North America Potassium Iodide Market Market(2022-2029) 5.1 North America Potassium Iodide Market Market, by Product (2022-2029) • Solid • Liquid 5.2 North America Potassium Iodide Market Market, by Type (2022-2029) • Industrial Grade • Non-industrial Grade 5.3 North America Potassium Iodide Market Market, by Application (2022-2029) • X-Ray Contrast Media • Pharmaceutical • Nutrition • Film Photography • Others 5.4 North America Potassium Iodide Market Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Potassium Iodide Market Market (2022-2029) 6.1. European Potassium Iodide Market Market, by Product (2022-2029) 6.2. European Potassium Iodide Market Market, by Type (2022-2029) 6.3. European Potassium Iodide Market Market, by Application (2022-2029) 6.4. European Potassium Iodide Market Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Potassium Iodide Market Market (2022-2029) 7.1. Asia Pacific Potassium Iodide Market Market, by Product (2022-2029) 7.2. Asia Pacific Potassium Iodide Market Market, by Type (2022-2029) 7.3. Asia Pacific Potassium Iodide Market Market, by Application (2022-2029) 7.4. Asia Pacific Potassium Iodide Market Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Potassium Iodide Market Market (2022-2029) 8.1 Middle East and Africa Potassium Iodide Market Market, by Product (2022-2029) 8.2. Middle East and Africa Potassium Iodide Market Market, by Type (2022-2029) 8.3. Middle East and Africa Potassium Iodide Market Market, by Application (2022-2029) 8.4. Middle East and Africa Potassium Iodide Market Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Potassium Iodide Market Market (2022-2029) 9.1. South America Potassium Iodide Market Market, by Product (2022-2029) 9.2. South America Potassium Iodide Market Market, by Type (2022-2029) 9.3. South America Potassium Iodide Market Market, by Application (2022-2029) 9.4 South America Potassium Iodide Market Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 GODO SHIGEN 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Nippoh Chemicals 10.3 Deepwater Chemicals 10.4 Merck 10.5 Iofina 10.6 Fujikasei 10.7 Crystran 10.8 Qingdao Huaerwei Chemical 10.9 Zibo Wankang Pharmaceutical Chemical 10.10 Taixing Youlian Fine Chemical 10.11 Qingdao Gimhae Iodide Chemical 10.12 Nanjing Taiye Chemical Industry 10.13 Adani Pharmaceuticals 10.14 LASA Laboratory Pvt.Ltd 10.15 Champa Purie-Chem Industries 10.16 Tianjin Chemical Industry Co., Ltd 10.17 Youlian Fine Chemical 10.18 Taiye Chemical 10.19 JIODINE Chemical 10.20 Lingang Chemical 10.21 Honghe Pharmacy 10.22 Hanwei Chemical