Global Potassium Iodide Market to Witness a Strong CAGR of 7.3% during the Period of 2016 – 2024

Over the past few years, growing awareness about nutritional deficiencies has played a significant role in soaring demand for potassium iodide market. As well, the global market is likely to profit from the rising demand for potassium iodide in the food industry as global consumers are leaning toward a healthy diet. To explore this expanding market in detail, a new research report titled as “Potassium Iodide Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024” has been recently published to the vast online portfolio of Market Research Hub. This report studies the current scenario and provides a forecast for the period of 2016 – 2024.

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As per the key findings, the global potassium iodide market is predicted to grow at a notable CAGR of 7.3 % between 2016 and 2024. At this rate, the market is anticipated to reach a value of US$1.14 billion by 2024, which was valued at US$607.9 million in 2015. It has been analyzed that a diet that includes this iodine compound as a nutritional supplement is known to help prevent a slew of conditions such as hyperthyroidism, goiter, and cretinism. 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.

Geographically, the study offers a holistic study of the market growth throughout the forecast period in terms of revenue assessments (US$ million) across regions such as Asia-Pacific, North America, Europe, Latin America and Middle East & Africa. The report further highlights the different drivers, restraints, risks and opportunities likely to influence the growth of the market during the above said period.

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There are many forms of potassium, but the potassium salt form of iodine is named potassium iodide (KI). This dynamic mineral is an excellent source of iodine. It is one of the most commercially significant iodide compounds with the demand from various industries such as pharmaceutical, food and textiles. Potassium iodide is mentioned in the World Health Organization’s List of Essential Medicines, the most important medicine needed in a basic health system. Potassium iodide is used in people with chronic breathing problems that can be complicated by thick mucus in the respiratory tract, such as asthma, chronic bronchitis, or emphysema.

This global market report provides an in-depth assessment of the potassium iodide market by segmenting it on the basis of end-use and regions. On the basis of end use, the global potassium iodide market has been segmented into pharmaceutical, x-ray contrast media, film photography, nutrition, and others such as the textile and chemical industries. In terms of geography, Asia Pacific is slated to dominate the global potassium iodide market in the coming years.

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Key players outlined in the report include Adani Pharmaceuticals, NIPPOH CHEMICALS CO. LTD., Merck Millipore, GODO SHIGEN CO. LTD. and Iofina Plc.

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This release was published on openPR.