Potassium Iodide

Global Potassium Iodide Market to Reach US$1.4 Billion by 2030

The global market for Potassium Iodide estimated at US$1.0 Billion in the year 2024, is expected to reach US$1.4 Billion by 2030, growing at a CAGR of 6.3% over the analysis period 2024-2030. X-Ray Contrast Media, one of the segments analyzed in the report, is expected to record a 6.9% CAGR and reach US$627.6 Million by the end of the analysis period. Growth in the Pharmaceutical segment is estimated at 7.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$261.8 Million While China is Forecast to Grow at 9.4% CAGR

The Potassium Iodide market in the U.S. is estimated at US$261.8 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$340.0 Million by the year 2030 trailing a CAGR of 9.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.0% and 5.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Global Potassium Iodide Market - Key Trends & Drivers Summarized

What Is Potassium Iodide and Why Is It Critical in Public Health and Industry?

Potassium iodide (KI) is an essential chemical compound with widespread applications in both public health and various industrial sectors. In healthcare, potassium iodide is most commonly used in the treatment and prevention of thyroid conditions, particularly in the event of radiation exposure. It is often stockpiled by governments for use during nuclear emergencies, as it protects the thyroid gland from absorbing radioactive iodine. In industry, potassium iodide is used as a key reagent in pharmaceuticals, food processing, and chemical manufacturing. Its versatility and critical role in health and safety make potassium iodide a highly valuable compound across multiple sectors.

How Are Technological Advancements Influencing Potassium Iodide Production and Use?

Advancements in chemical synthesis and production processes are improving the efficiency of potassium iodide manufacturing, making it more accessible for both healthcare and industrial applications. In the pharmaceutical sector, improved formulations are ensuring better bioavailability and effectiveness in treating thyroid disorders. In industrial applications, the compound is being utilized in more complex chemical reactions, with advancements allowing for greater purity and precision in its use. These innovations are expanding potassium iodide’s applications while maintaining high standards for safety and efficacy.

What Role Does Government Policy Play in Shaping the Potassium Iodide Market?

Government policies, particularly those related to nuclear safety and public health, play a significant role in shaping the potassium iodide market. Many countries maintain large stockpiles of potassium iodide tablets for emergency use in the event of nuclear accidents, driving demand for pharmaceutical-grade potassium iodide. Additionally, regulatory frameworks governing the use of iodine in food processing and chemical manufacturing influence the industrial demand for potassium iodide. As public health concerns over radiation exposure and thyroid diseases persist, government policies continue to impact the global market for potassium iodide.

The Growth in the Potassium Iodide Market Is Driven by Several Factors

The growth in the potassium iodide market is driven by several factors, including the ongoing demand for potassium iodide in public health initiatives related to thyroid health and radiation protection. Technological advancements in the production and formulation of potassium iodide are enhancing its applications in both healthcare and industrial sectors. Government policies and regulations, particularly in nuclear safety and food processing, are also influencing the demand for potassium iodide, as it plays a critical role in protecting public health. Additionally, the expansion of the pharmaceutical industry, along with increasing awareness of thyroid disorders, is boosting the global demand for potassium iodide across multiple sectors.

SCOPE OF STUDY:

The report analyzes the Potassium Iodide market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
End-Use (X-Ray Contrast Media, Pharmaceutical, Nutrition, Film Photography, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 14 Featured) -

• Adani Pharmachem Private Limited
• Champa Purie-Chem Industries
• Crystran Ltd.
• Deepwater Chemicals, Inc.
• Godo Shigen Co., Ltd.
• Iofina PLC
• Lasa Supergenerics Limited
• MilliporeSigma
• Nippoh Chemicals Co., Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.