Potassium Iodide Market 2016 Share, Trend, Segmentation and Forecast Potassium Iodide Market - Global Industry Analysis

Potassium Iodide Market - Global Industry
Analysis, Size, Share, Growth, Trends, and
Forecast 2016 - 2024
Potassium Iodide Market: Snapshot
Potassium iodide is a crystalline salt and finds application mainly in the
pharmaceutical industry. Owing to the rapid expansion of the pharmaceutical
industry, on the back of a rise in health and wellness awareness programs and
increasing population, the demand for several iodine compounds to make different
pharmaceutical formulations has grown, thereby propelling the potassium iodide
market.
Emerging as one of the most commercially significant iodide compounds, the
demand for potassium iodide also stems from the food and textile sectors. Growing
health concerns and the rising demand for nutritional foods are factors promoting
the use of potassium iodide. A diet that includes this iodine compound as a
nutritional supplement is known to help prevent a slew of conditions such as
hyperthyroidism, goiter, and cretinism. The US Food and Drug Administration (FDA)
recommends the use of potassium iodide as a food additive for human consumption
as well as a dietary supplement in animal feed.
The global potassium iodide market was valued at US$607.9 mn in 2015 and is
projected to reach US$1.14 bn by 2024, at a strong CAGR of 7.3 % therein.
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iodide-market.html
Potassium Iodide used in Pharmaceutical Sector owing to its Ability to
Produce High-quality Images
On the basis of end use, the global potassium iodide market has been segmented
into pharmaceutical, x-ray contrast media, film photography, nutrition, and others
such as the textile and chemical industries. Accounting for the dominant share in
the market in 2015, the segment of x-ray contrast media has been driven by the
continued use of potassium iodide in the food and beverages and pharmaceutical
industries. Potassium iodide is used as an intravascular contrast medium for several
imaging applications and techniques such as computed tomography (CT) and
radiography. Iodine-based contrast media are used in radiology owing to their
relatively harmless interaction with body tissues. Moreover, potassium iodide helps
generate better-quality intravenous images for crystograms and pylograms.