Potassium Iodide (Cas 7681-11-0) Market was valued at USD 1.3 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 8.9% from 2024 to 2030.
From 2018 to 2022, the demand for Potassium Iodide (CAS 7681-11-0) was primarily driven by the increasing number of nuclear accidents and the ongoing development of nuclear energy. Countries with nuclear power plants, especially those in the Asia-Pacific region, saw a rise in stockpiling of Potassium Iodide in preparation for potential radiological emergencies. Pharmaceutical applications, particularly in radiation therapy and thyroid protection, also contributed significantly to the market's expansion. Additionally, government policies and regulations requiring stockpiling of Potassium Iodide for emergency preparedness in hospitals, clinics, and disaster management systems played a major role in increasing demand during this period.
However, the market’s outlook for 2023 to 2033 presents a shift in demand trends. Experts predict that while the market will continue to be influenced by nuclear safety concerns, the demand from pharmaceutical and industrial applications is expected to stabilize. The global push for renewable energy and the decline in the expansion of nuclear power plants in certain regions may lead to a more balanced, less volatile demand for Potassium Iodide. Furthermore, as new technologies and alternative solutions for radiation protection emerge, the demand for Potassium Iodide may face some competition. The market is also expected to grow gradually in developing countries due to rising healthcare awareness and government regulations concerning emergency preparedness for potential radiation exposure.
Looking at the upcoming years, it is essential to consider the role of ongoing health crises and international tensions, which could still push governments and healthcare institutions to maintain higher levels of Potassium Iodide reserves. The pharmaceutical industry’s growing focus on preventive medicine and treatments for radiation-induced illnesses will likely drive a steady demand for Potassium Iodide over the next decade.
Get an In-Depth Research Analysis of the Global Potassium Iodide (Cas 7681-11-0) Market Size And Forecast [2025-2032]
The global Potassium Iodide (CAS 7681-11-0) market has experienced significant growth between 2018 and 2022. The market's demand has been shaped by its applications across various sectors, including pharmaceuticals, chemical industries, and emergency preparedness programs. Potassium Iodide is commonly used for medical treatments, particularly for thyroid protection in cases of radiation exposure. In 2022, the market witnessed a notable spike in demand due to growing concerns over nuclear power plant safety and the increasing awareness surrounding radiation-related health risks.
Iofina
GODO SHIGEN
Nippoh Chemicals
Deepwater Chemicals
Merck
Fujikasei
Crystran
Qingdao Huaerwei Chemical
Zibo Wankang Pharmaceutical Chemical
Taixing Youlian Fine Chemical
Qingdao Gimhae Iodide Chemical
Nanjing Taiye Chemical Industry
Jinan liantan Chemical
Tianjin Shouyao
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 Global Potassium Iodide (Cas 7681-11-0) Market
Pharmaceutical
Food
Phototaking
Others
Based on Types the Market is categorized into Below types that held the largest Potassium Iodide (Cas 7681-11-0) market share In 2023.
Pharmaceutical Grade
Food Grade
Industrial Grade
Global (United States, Global 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)
For More Information or Query, Visit @ Potassium Iodide (Cas 7681-11-0) Market Research Analysis
1. Introduction of the Global Potassium Iodide (Cas 7681-11-0) 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. Global Potassium Iodide (Cas 7681-11-0) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Potassium Iodide (Cas 7681-11-0) Market, By Type
6. Global Potassium Iodide (Cas 7681-11-0) Market, By Application
7. Global Potassium Iodide (Cas 7681-11-0) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Potassium Iodide (Cas 7681-11-0) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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