Potassium Iodide Market to Grow with a CAGR of 4.37% through 2030
Surge in research and development activities is
expected to drive the Global Potassium Iodide Market growth in the forecast
period, 2026-2030.
According to TechSci Research report, “Potassium
Iodide Market - Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2030F”, the Global Potassium Iodide Market stood at USD
443.82 Million in 2024 and is anticipated to grow with a CAGR of 4.37% through 2030.
Initiatives taken by government based on potassium iodide has led to favorable
market conditions for the Global Potassium Iodide Market. Several factors
contribute to the growth of various potassium iodide products.
In the realm of nutrition, R&D activities are
focusing on the development of potassium iodide as a key ingredient in dietary
supplements and food fortification programs. The global rise in iodine
deficiency-related health issues has prompted increased investments in
supplement formulations, particularly in regions where iodine deficiency
remains prevalent. Researchers are working to improve the bioavailability and
effectiveness of potassium iodide in these products, as well as to expand its
usage across different food categories. Governments around the world are also
increasingly adopting policies that mandate the fortification of salt with
iodine, spurring further R&D in this area to ensure compliance with health
standards and enhance the compound’s market presence.
Governments in iodine-deficient regions have implemented mandatory iodine fortification policies to combat iodine deficiency, which can lead to thyroid disorders and developmental issues. These initiatives often include the iodization of salt and the promotion of iodine-rich foods in the diet. Additionally, potassium iodide supplements are distributed in public health programs targeting vulnerable populations, such as pregnant women and children, to ensure adequate iodine intake. In these regions, the demand for potassium iodide as a key ingredient in supplements and fortified products has been steadily rising, creating significant opportunities for manufacturers in the market.
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The Global Potassium Iodide Market is segmented into sales
channel, end use, regional distribution, and company.
Based on Sales Channel, Indirect have
emerged as the dominating segment in the Global Potassium Iodide Market in 2024.
One key factor behind the dominance of the indirect segment is the continued
growth and diversification of the pharmaceutical and chemical industries.
Potassium iodide is used in the production of various drugs, including those
for thyroid-related disorders, and is crucial in the synthesis of certain
active pharmaceutical ingredients (APIs). As the global pharmaceutical market
expands, particularly in emerging economies where healthcare infrastructure is
improving, the demand for potassium iodide in drug formulations continues to
rise.
Based on Region, North America have emerged as the fastest
growing region in the Global Potassium Iodide Market in 2024. North America has
long been a leader in implementing advanced water treatment technologies. With
an increasing focus on ensuring the safety of drinking water, particularly in
response to rising concerns over contamination and waterborne diseases, the
demand for potassium iodide in water disinfection has surged. The region’s
sophisticated water treatment infrastructure, coupled with stringent regulatory
standards set by organizations such as the Environmental Protection Agency
(EPA), drives the adoption of iodine-based disinfection methods. Potassium
iodide’s effectiveness in eliminating a wide range of waterborne pathogens,
including bacteria and viruses, positions it as a key solution for
municipalities and industries looking to maintain high water quality standards.
Major companies operating in Global Potassium Iodide
Market are:
- Adani Pharmachem P. Ltd.
- Nantong Lingang Chemical Co., Ltd.
- ZH Chemicals Pvt Ltd
- Infinium Pharmachem Pvt.
- Ascent Pharmaceuticals, Inc.
- HTKP INDUSTRIES PVT LTD
- Eskay iodine private limited
- Shandong Boyuan Pharmaceutical Co., Ltd.
- SAMRAT REMEDIES LTD
- Toyota Tsusho America Inc
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“Nanotechnology is poised to revolutionize the
pharmaceutical use of potassium iodide, particularly in targeted drug delivery
systems. The ability to manipulate potassium iodide at the nanoscale allows for
more precise control over the release and absorption of the compound in the
human body. This can lead to improved treatment outcomes for thyroid disorders,
iodine deficiency, and radiation exposure. Nanoparticles can enable controlled,
sustained release of iodine, enhancing the therapeutic efficacy while
minimizing side effects. This innovation is attracting significant attention
from pharmaceutical manufacturers aiming to improve drug delivery systems and
optimize patient care”, said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
“Potassium Iodide Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Sales Channel (Direct, Indirect), By End Use (Pharmaceutical, Food Additives, Industrial, Laboratory & Analytical Uses, Water Treatment & Disinfection, Others), By Region and Competition, 2020-2030F”, has evaluated the future growth potential of Global
Potassium Iodide Market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Potassium
Iodide Market.
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