Potassium Iodide Market
REPORT DESCRIPTION
Potassium Iodide Market - Global Industry Analysis Size Share
Growth Trends and Forecast 2016 – 2024
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.
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.
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iodide-market.html
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
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