Potassium Iodide Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Potassium iodide is a chemical compound, mainly used in medication and dietary supplement. It is also used for radiation emergencies. Potassium iodide is given to patients having low iodine content in the body. It is considered to be the most effective and a safe medicine by the human beings. Potassium iodide is given to animals as a nutritional supplement feed.

MARKET SCOPE

The "Global Potassium Iodide Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the potassium iodide market with detailed market segmentation by end use and geography. The report provides key statistics on the market status of the potassium iodide market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on end use, the global potassium iodide market is segmented into pharmaceuticals, food & feed additives, chemicals, coatings and others.
  

MARKET DYNAMICS

Drivers

•   The growing demand form agriculture sector is expected to boost the market.
  
•   Raising demand from end use industries is anticipated to drive the demand for potassium iodide.
  

Restraints

•   Concerns about the safety and effectiveness of iodate may act as restraining factors for the market growth.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The potassium iodide market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the potassium iodide in these regions.

IMPACT OF COVID-19 ON POTASSIUM IODIDE MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the potassium iodide market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from potassium iodide market are anticipated to lucrative growth opportunities in the future with the rising demand for potassium iodide in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the potassium iodide market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Merck KGaA
  
•   Adani Pharmachem Private Limited.
  
•   NIPPOH CHEMICALS CO.,LTD
  
•   Iofina plc
  
•   GODO SHIGEN Co., Ltd.
  
•   Shandong Boyuan Pharmaceutical Chemical Co., Ltd
  
•   William Blythe
  
•   Proto Chemicals Industries
  
•   Samrat Pharmachem Limited
  
•   Omkar Speciality Chemicals Ltd
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Potassium Iodide Report Scope