Industry Background:
Potassium iodide is an inorganic chemical compound that is denoted by the chemical formula KI. It is prepared by reacting iodine with a hot solution of potassium hydroxide and is primarily used in the treatment of overactive thyroid and to protect the thyroid gland from the effects of radiation from inhaled or swallowed radioactive iodine. Potassium iodide is also used as a nutritional supplement in the human diet and animal feed to fill iodine deficiency.
According to AMA Research, the market for Potassium Iodide is expected to register a CAGR of 6.5% during the forecast period to 2027. This growth is primarily driven by Increasing Demand of Nutritional Supplements With the Growing Health Conscious Population Across the Globe
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | K Tons |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Chemicals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Nippoh Chemicals (Japan), Iofina (United Kingdom), GODO SHIGEN (Japan), Adani Pharmachem (India), Merck Group (Germany), BASF (Germany), Alfa Aesar (United States), Sigma-Aldrich (United States), Fisher Scientific (United States) and Samrat Pharmachem (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Potassium Iodide Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing Demand of Nutritional Supplements With the Growing Health Conscious Population Across the Globe
- Increasing Use of Potassium Iodide in Manufacturing Antifungal and Antithyroid Medicines
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Influencing Trends | - Emerging Trend of Potassium Iodide to Iodize Tablet Salt
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Restraints | - Allergic Reactions Due to Potassium Iodide
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Road Blocks / Challenges | - Availability of Potassium Iodide Alternatives in the Market
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Gaps & Opportunities | - Growing Adoption of Potassium Iodide in Veterinary Medicines to Treat Chronic Skin Infection Sporotrichosis and Actinobacillosis
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Potassium Iodide Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Potassium Iodide Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Potassium Iodide players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Potassium Iodide Study Sheds Light on
The Potassium Iodide Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Potassium Iodide industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Potassium Iodide industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.