NEW YORK, June 30, 2023 /PRNewswire/ -- The potassium iodide market is estimated to grow by USD 267.11 million from 2022 to 2027. The growth momentum will progress at a CAGR of 5.36% during the forecast period. The market is segmented by product type (solid and liquid), application (Pharmaceuticals, Nutraceuticals, Polymer, Food and feed additives, and Others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The market share growth by the solid segment will be significant during the forecast period. Generally, solid potassium iodide is an inorganic compound that is used in applications such as pharmaceuticals, photography, analytical chemistry, and in iodized salt production. Also, to address iodine deficiencies, it is used as a dietary supplement or fortifier in the food and beverage industry. There is a global trend toward greater health consciousness and a focus on preventive healthcare. However, potassium iodide is also used in analytical chemistry for the detection and determination of certain compounds. The general application of solid potassium iodide in different industries such as pharmaceuticals, photography, nutraceuticals, polymer, food and feed additives, x-ray contrast media, film photography, agriculture, and chemicals and laboratory research will increase the demand for potassium iodide which, in turn, will have a positive impact on the growth of the global market in focus during the forecast period. Download a Sample Report Now!
Potassium Iodide Market Insights -
- Vendors: 15+, Including Adani Pharmachem Pvt. Ltd., American Elements, Crystran Ltd., Deepwater Chemicals Inc., FCHEM, FUJI KASEI Co. Ltd., GODO SHIGEN Co. Ltd., HEBEI CHENGXIN CO.LTD., IodiTech, Lasa Supergenerics Ltd., Merck KGaA, Nippoh Chemicals Co. Ltd., Samrat Pharmachem Ltd., Taiye Chemical Industry Co. Ltd., Thermo Fisher Scientific Inc., and Zibo Wankang Pharmaceutical Chemical Co. Ltd., among others
- Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
- Segments: Product type (solid and liquid), Application (Pharmaceuticals, Nutraceuticals, Polymer, Food and feed additives, and Others) and geography (APAC, North America, Europe, South America, and Middle East and Africa)
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Potassium iodide market - Vendor Insights
The growing competition in the market is compelling vendors to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors, including Adani Pharmachem Pvt. Ltd., American Elements, Crystran Ltd., Deepwater Chemicals Inc., FCHEM, FUJI KASEI Co. Ltd., GODO SHIGEN Co. Ltd., HEBEI CHENGXIN CO.LTD., IodiTech, Lasa Supergenerics Ltd., Merck KGaA, Nippoh Chemicals Co. Ltd., Samrat Pharmachem Ltd., Taiye Chemical Industry Co. Ltd., Thermo Fisher Scientific Inc., and Zibo Wankang Pharmaceutical Chemical Co. Ltd.
Potassium Iodide Market – Market Dynamics
Major Trends -
The primary trend in the global potassium iodide market is the high demand for laboratory reagents. The demand for laboratory reagents is often driven by the need for research and development in various scientific fields, such as pharmaceuticals, biotechnology, genetics, and environmental sciences. Progress in these areas often requires specific reagents for experiments and analysis, especially in medical laboratories, as laboratory reagents are essential for diagnostic tests. The demand for diagnostic reagents increases as the healthcare industry continues to advance and new diseases emerge. Regulatory bodies such as Occupational Safety and Health Administration (OSHA) and Environmental Protection Agency (EPA) often enforce stricter standards for laboratory testing and analysis. Compliance with these standards may require the use of specific reagents to assure valid and accurate results. As regulations evolve, laboratories may need to update their reagent inventory, leading to an increased demand for potassium iodide. Therefore such factors will drive the market during the forecast period.
Key challenges -
The availability of alternatives to potassium iodide is a major challenge that may impede the growth of the global potassium iodide market. There are alternative sources of iodine available in the market, such as iodine derivatives and other iodine salts. These alternatives deliver equivalent properties and are more easily available or cost-effective, leading to lowered demand for potassium iodide. Lithium iodide, magnesium iodide, or zinc iodide can be used as substitutes for potassium iodide in certain applications. However, these salts can offer equivalent properties and functionalities as potassium iodide and may be suitable alternatives depending on the specific requirements. Elemental iodine can be used as a substitute for potassium iodide in some cases. Elemental iodine is typically available in crystal or powder form and can be utilized in different applications, including laboratory use, water treatment, and chemical synthesis. Therefore, the availability of substitutes for potassium iodide may hinder the growth of the global market in focus during the forecast period.
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The potassium iodide market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.
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What are the key data covered in this Potassium Iodide Market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the potassium iodide market between 2023 and 2027
- Precise estimation of the size of the potassium iodide market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the potassium iodide market industry across APAC, North America, Europe, South America, and the Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of potassium iodide market vendors
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Potassium Iodide Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.36% |
Market growth 2023-2027 |
USD 267.11 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
4.68 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 38% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Adani Pharmachem Pvt. Ltd., American Elements, Crystran Ltd., Deepwater Chemicals Inc., FCHEM, FUJI KASEI Co. Ltd., GODO SHIGEN Co. Ltd., HEBEI CHENGXIN CO.LTD., IodiTech, Lasa Supergenerics Ltd., Merck KGaA, Nippoh Chemicals Co. Ltd., Samrat Pharmachem Ltd., Taiye Chemical Industry Co. Ltd., Thermo Fisher Scientific Inc., and Zibo Wankang Pharmaceutical Chemical Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global potassium iodide market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global potassium iodide market 2017 - 2021 ($ million)
- 4.2 Product Type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Product Type Segment 2017 - 2021 ($ million)
- 4.3 Application Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Product Type
- 6.1 Market segments
- Exhibit 30: Chart on Product Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Product Type - Market share 2022-2027 (%)
- 6.2 Comparison by Product Type
- Exhibit 32: Chart on Comparison by Product Type
- Exhibit 33: Data Table on Comparison by Product Type
- 6.3 Solid - Market size and forecast 2022-2027
- Exhibit 34: Chart on Solid - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Solid - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Solid - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Solid - Year-over-year growth 2022-2027 (%)
- 6.4 Liquid - Market size and forecast 2022-2027
- Exhibit 38: Chart on Liquid - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Liquid - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Liquid - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Liquid - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Product Type
- Exhibit 42: Market opportunity by Product Type ($ million)
- Exhibit 43: Data Table on Market opportunity by Product Type ($ million)
7 Market Segmentation by Application
- 7.1 Market segments
- Exhibit 44: Chart on Application - Market share 2022-2027 (%)
- Exhibit 45: Data Table on Application - Market share 2022-2027 (%)
- 7.2 Comparison by Application
- Exhibit 46: Chart on Comparison by Application
- Exhibit 47: Data Table on Comparison by Application
- 7.3 Pharmaceuticals - Market size and forecast 2022-2027
- Exhibit 48: Chart on Pharmaceuticals - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Data Table on Pharmaceuticals - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Chart on Pharmaceuticals - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Pharmaceuticals - Year-over-year growth 2022-2027 (%)
- 7.4 Nutraceuticals - Market size and forecast 2022-2027
- Exhibit 52: Chart on Nutraceuticals - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Nutraceuticals - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Nutraceuticals - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Nutraceuticals - Year-over-year growth 2022-2027 (%)
- 7.5 Polymer - Market size and forecast 2022-2027
- Exhibit 56: Chart on Polymer - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Polymer - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Polymer - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Polymer - Year-over-year growth 2022-2027 (%)
- 7.6 Food and feed additives - Market size and forecast 2022-2027
- Exhibit 60: Chart on Food and feed additives - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Food and feed additives - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Food and feed additives - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Food and feed additives - Year-over-year growth 2022-2027 (%)
- 7.7 Others - Market size and forecast 2022-2027
- Exhibit 64: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 67: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 7.8 Market opportunity by Application
- Exhibit 68: Market opportunity by Application ($ million)
- Exhibit 69: Data Table on Market opportunity by Application ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 71: Chart on Market share by geography 2022-2027 (%)
- Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 73: Chart on Geographic comparison
- Exhibit 74: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2022-2027
- Exhibit 75: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.4 North America - Market size and forecast 2022-2027
- Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.5 Europe - Market size and forecast 2022-2027
- Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 China - Market size and forecast 2022-2027
- Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.10 Germany - Market size and forecast 2022-2027
- Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.11 India - Market size and forecast 2022-2027
- Exhibit 107: Chart on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on India - Year-over-year growth 2022-2027 (%)
- 9.12 UK - Market size and forecast 2022-2027
- Exhibit 111: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 112: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 113: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 114: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 115: Market opportunity by geography ($ million)
- Exhibit 116: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 117: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 119: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 120: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 121: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 122: Matrix on vendor position and classification
- 12.3 Adani Pharmachem Pvt. Ltd.
- Exhibit 123: Adani Pharmachem Pvt. Ltd. - Overview
- Exhibit 124: Adani Pharmachem Pvt. Ltd. - Product / Service
- Exhibit 125: Adani Pharmachem Pvt. Ltd. - Key offerings
- 12.4 American Elements
- Exhibit 126: American Elements - Overview
- Exhibit 127: American Elements - Product / Service
- Exhibit 128: American Elements - Key offerings
- 12.5 Crystran Ltd.
- Exhibit 129: Crystran Ltd. - Overview
- Exhibit 130: Crystran Ltd. - Product / Service
- Exhibit 131: Crystran Ltd. - Key offerings
- 12.6 Deepwater Chemicals Inc.
- Exhibit 132: Deepwater Chemicals Inc. - Overview
- Exhibit 133: Deepwater Chemicals Inc. - Product / Service
- Exhibit 134: Deepwater Chemicals Inc. - Key offerings
- 12.7 FCHEM
- Exhibit 135: FCHEM - Overview
- Exhibit 136: FCHEM - Product / Service
- Exhibit 137: FCHEM - Key offerings
- 12.8 FUJI KASEI Co. Ltd.
- Exhibit 138: FUJI KASEI Co. Ltd. - Overview
- Exhibit 139: FUJI KASEI Co. Ltd. - Product / Service
- Exhibit 140: FUJI KASEI Co. Ltd. - Key offerings
- 12.9 GODO SHIGEN Co. Ltd.
- Exhibit 141: GODO SHIGEN Co. Ltd. - Overview
- Exhibit 142: GODO SHIGEN Co. Ltd. - Product / Service
- Exhibit 143: GODO SHIGEN Co. Ltd. - Key offerings
- 12.10 IodiTech
- Exhibit 144: IodiTech - Overview
- Exhibit 145: IodiTech - Product / Service
- Exhibit 146: IodiTech - Key offerings
- 12.11 Lasa Supergenerics Ltd.
- Exhibit 147: Lasa Supergenerics Ltd. - Overview
- Exhibit 148: Lasa Supergenerics Ltd. - Product / Service
- Exhibit 149: Lasa Supergenerics Ltd. - Key offerings
- 12.12 Merck KGaA
- Exhibit 150: Merck KGaA - Overview
- Exhibit 151: Merck KGaA - Business segments
- Exhibit 152: Merck KGaA - Key news
- Exhibit 153: Merck KGaA - Key offerings
- Exhibit 154: Merck KGaA - Segment focus
- 12.13 Nippoh Chemicals Co. Ltd.
- Exhibit 155: Nippoh Chemicals Co. Ltd. - Overview
- Exhibit 156: Nippoh Chemicals Co. Ltd. - Product / Service
- Exhibit 157: Nippoh Chemicals Co. Ltd. - Key offerings
- 12.14 Samrat Pharmachem Ltd.
- Exhibit 158: Samrat Pharmachem Ltd. - Overview
- Exhibit 159: Samrat Pharmachem Ltd. - Key offerings
- 12.15 Taiye Chemical Industry Co. Ltd.
- Exhibit 160: Taiye Chemical Industry Co. Ltd. - Overview
- Exhibit 161: Taiye Chemical Industry Co. Ltd. - Product / Service
- Exhibit 162: Taiye Chemical Industry Co. Ltd. - Key offerings
- 12.16 Thermo Fisher Scientific Inc.
- Exhibit 163: Thermo Fisher Scientific Inc. - Overview
- Exhibit 164: Thermo Fisher Scientific Inc. - Business segments
- Exhibit 165: Thermo Fisher Scientific Inc. - Key news
- Exhibit 166: Thermo Fisher Scientific Inc. - Key offerings
- Exhibit 167: Thermo Fisher Scientific Inc. - Segment focus
- 12.17 Zibo Wankang Pharmaceutical Chemical Co. Ltd.
- Exhibit 168: Zibo Wankang Pharmaceutical Chemical Co. Ltd. - Overview
- Exhibit 169: Zibo Wankang Pharmaceutical Chemical Co. Ltd. - Product / Service
- Exhibit 170: Zibo Wankang Pharmaceutical Chemical Co. Ltd. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 171: Inclusions checklist
- Exhibit 172: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 173: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 174: Research methodology
- Exhibit 175: Validation techniques employed for market sizing
- Exhibit 176: Information sources
- 13.5 List of abbreviations
- Exhibit 177: List of abbreviations
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