Potassium Iodide Market 2016 Share, Trend, Segmentation and Forecast Potassium Iodide Market - Global Industry Analysis | Page 2

However, research analysts predict that this segment will lose market share in the
coming years. The overall pharmaceutical sector is anticipated to gain traction as
an end user over the course of the forecast period with the rising use of potassium
iodide to treat various thyroid-related problems. Although potassium iodide has
been used for film photography in the past, this end-use segment will exhibit little
to no growth by 2024 owing to the popularity of and preference for digital
photography.
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APAC to Hold On to its Lead Spot in Global Potassium Iodide Market
By way of geography, the global potassium iodide market has been divided into Asia
Pacific, Europe, North America, Latin America, and the Middle East and Africa. Asia
Pacific accounted for the dominant share in 2015 in terms of demand owing to the
rapid growth of the food and beverages and pharmaceutical industries and a
consistent rise in population in countries such as India and China. Europe is also a
key market for potassium iodide, thanks to advancements in imaging technologies
using x-rays and the expansion of the food and pharmaceutical sectors. Apart from
this, recent progress made in industrial chemistry will support the potassium iodide
market in Europe over the coming years.
The growth of the North America market can be attributed to several preventive
measures taken in response to nuclear radiation. The prevalence of iodine
deficiency syndrome is a key factor driving the potassium iodide market in the
Middle East and Africa, while the Latin America market is fueled by rising demand
from the food, pharmaceutical, and health industries.
Prominent vendors in the worldwide potassium iodide market include GODO SHIGEN
Co., Ltd., Merck Millipore, Nippoh Chemicals Co., Ltd., Adani Pharmaceuticals, and
Iofina Plc.
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