Transparency Market Research (TMR) observes that
the global potassium iodide market is moderately concentrated. The
key players are focusing on expanding their manufacturing facilities
to increase their global share through higher production.
Furthermore, collaborations, mergers and acquisitions, and joint
ventures will also be key development strategies of companies
operating in the global potassium iodide market. The top three
leading players in the global market as of 2015 were Iofina Plc,
Nippoh Chemicals Co., Ltd, and Adani Pharmaceuticals. This cream of
the crop held a share of 23% in the global market.
This 130 page report gives readers a
comprehensive overview of the Potassium Iodide market. Browse Market
Research Report @
Pharmaceutical Industry to Remain Dominant
Consumer of Potassium Iodide
According to the
research report, the global potassium iodide market is expected to be
worth US$ 1.14 bn by the end of 2024 from US$607.9 mn in 2015. During
the forecast period of 2016 and 2024, the global market is expected
to surge at a CAGR of 7.3%. The pharmaceutical industry will be the
key end user in the global market as it is poised to acquire a share
of 27.9% by the end of 2024, in terms of revenue. The demand for
potassium in the pharmaceutical industry is expected to spike as it
is known to be an excellent solution for preventing thyroid-related
issues.
From a geographic
point of view, Asia Pacific is slated to dominate the global
potassium iodide market in the coming years. The booming
pharmaceutical and food and beverages sector are expected to bolster
the growth of this regional market. Analysts expect that Asia
Pacific potassium iodide market will account for a share of 44.2% by
the end of 2025.
Widening Applications of Potassium Iodide to
Drive Global Market
Growing awareness
about nutritional deficiencies has played a significant role in
soaring demand for potassium iodide market. In tandem with the same
reason, the pharmaceutical industry has become an important end user
in the global market as manufacturers are using potassium for making
supplements to combat thyroid-related health issues. Pharmaceutical
industry is also using potassium iodide for making supplements to
help patients with arthritis and treating cough. Additionally, the
global market is likely to benefit from the growing demand for
potassium iodide in the food industry as global consumers are leaning
toward a healthy diet. The consumption of potassium iodine is slated
to increase in the coming years as rising number of consumers are
trying to avert diseases such as goiter, cretinism, and
hyperthyroidism.
The extensive
usage of potassium iodine is also seen in the textile industry as a
nylon stabilizer and heat dispersant. It is used for making iodine
solution, which is then used for testing the desizing property of the
textile. Thus, the growing number of application of potassium in
areas such as film photography and x-ray contrast media along with
the aforementioned are expected to benefit the market in the near
future.
Get accurate market forecast and analysis on
the Potassium Iodide market. Request a sample to stay abreast on the
key trends impacting this market@
On the flip side, the global potassium iodide
market faces a few challenge. The key restraint in the overall market
is the side effect of potassium iodide. Joint pain, swelling of arms,
legs, face, and throat are some of the commonly seen side effects of
potassium iodide. Research shows that prolonged usage of potassium
iodide can also lead to burning of mouth, irregular heartbeat, and a
metallic taste in the mouth. Thus, these factors are likely to act as
an impediment for the global potassium iodide market over the
forecast period.
This review is based on Transparency Market
Research’s report, titled “Potassium Iodide Market - (End Use -
X-Ray Contrast Media, Pharmaceutical, Nutrition, and Film
Photography) Global Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2016 - 2024.”
The global potassium iodide market has been
segmented as follows:
Potassium Iodide Market – End Use Analysis
- X-Ray Contrast Media
- Pharmaceutical
- Nutrition
- Film Photography
- Others
Potassium Iodide Market – Regional Analysis
North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
Middle East & Africa
- GCC
- Egypt
- South Africa
- Rest of Middle East & Africa
Latin America
- Brazil
- Mexico
- Rest of Latin America
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact
Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
No comments:
Post a Comment