Europe Potassium Iodide Powder Market was valued at USD 0.04 Billion in 2022 and is projected to reach USD 0.07 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The Europe Potassium Iodide Powder market is seeing increased demand from various industries, driven by its critical role in numerous applications. Potassium iodide (KI) powder is primarily used as a vital ingredient in pharmaceutical products, a key additive in the manufacturing of disinfectants, and is increasingly used in the food industry as an iodine source. The growing demand for KI powder in Europe is also attributed to its pivotal role in radiation protection, especially in the wake of natural and man-made disasters.
Industries such as healthcare, food production, and nuclear safety are the primary consumers of potassium iodide powder. In the healthcare sector, potassium iodide is widely used for the treatment of iodine deficiency and thyroid conditions, especially after exposure to radioactive materials. In the food industry, KI powder is utilized to fortify food products with iodine, a critical nutrient for maintaining optimal health. Additionally, it is increasingly used in the pharmaceutical industry for the development of radiopharmaceuticals and iodine-based medicines.
Radiation protection is another significant market segment that is contributing to the rising demand for potassium iodide powder. The nuclear power industry, which requires KI powder for emergency preparedness in case of nuclear accidents, has bolstered the demand for the compound. Potassium iodide serves as a preventive treatment against radiation-induced thyroid cancer, helping to block the absorption of radioactive iodine.
Additionally, industries focusing on disinfectants and cleaning agents have contributed to the steady growth of the potassium iodide powder market. KI powder is used as a key component in the formulation of various disinfectants and sanitizers, particularly in areas requiring stringent hygiene standards.
Europe's potassium iodide powder market has seen a steady increase in its demand across various sectors. As the need for iodine-rich compounds in multiple applications grows, the market for KI powder is expected to continue expanding. Moreover, the ongoing advancements in nuclear safety and healthcare are likely to further drive the demand in the region.
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Lasa Laboratory
Infinium Pharmachem
Iofina
GODO SHIGEN
Eskay Fine Chemicals
Prachi Pharmaceuticals
Macco Organiques
Nippoh Chemicals
Deepwater Chemicals
Fuji Kasei
Crystran
Shandong Fengtai
Adani Pharmachem Private Limited
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Potassium Iodide Powder Market
Organic Potting Mix
Inorganic Potting Mix
Soilless Potting Mix
Specialty Potting Mix
Coconut Coir
Pine Bark
Peat Moss
Compost
Perlite
Vermiculite
Home Gardening
Commercial Horticulture
Landscaping
Farming
Vegetables
Fruits
Flowers
Herbs
Tropical Plants
Bags
Bulk
Boxes
Small Pouches
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Potassium Iodide Powder Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Potassium Iodide Powder Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Potassium Iodide Powder Market, By Type
6. Europe Potassium Iodide Powder Market, By Application
7. Europe Potassium Iodide Powder Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Potassium Iodide Powder Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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