Potassium Iodide Market: Growing Inclination toward Healthy Lifestyle Increases Consumption, TMR

Transparency Market Research (TMR) observes that the global potassium iodide market is moderately concentrated. The key players are focusing on expanding their manufacturing facilities to increase their global share through higher production. Furthermore, collaborations, mergers and acquisitions, and joint ventures will also be key development strategies of companies operating in the global potassium iodide market. The top three leading players in the global market as of 2015 were Iofina Plc, Nippoh Chemicals Co., Ltd, and Adani Pharmaceuticals. This cream of the crop held a share of 23% in the global market.

Pharmaceutical Industry to Remain Dominant Consumer of Potassium Iodide

According to the research report, the global potassium iodide market is expected to be worth US$ 1.14 bn by the end of 2024 from US$607.9 mn in 2015. During the forecast period of 2016 and 2024, the global market is expected to surge at a CAGR of 7.3%. The pharmaceutical industry will be the key end user in the global market as it is poised to acquire a share of 27.9% by the end of 2024, in terms of revenue. The demand for potassium in the pharmaceutical industry is expected to spike as it is known to be an excellent solution for preventing thyroid-related issues.

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From a geographic point of view, Asia Pacific is slated to dominate the global potassium iodide market in the coming years. The booming pharmaceutical and food and beverages sector are expected to bolster the growth of this regional market. Analysts expect that Asia Pacific potassium iodide market will account for a share of 44.2% by the end of 2025.

Widening Applications of Potassium Iodide to Drive Global Market

Growing awareness about nutritional deficiencies has played a significant role in soaring demand for potassium iodide market. In tandem with the same reason, the pharmaceutical industry has become an important end user in the global market as manufacturers are using potassium for making supplements to combat thyroid-related health issues. Pharmaceutical industry is also using potassium iodide for making supplements to help patients with arthritis and treating cough. Additionally, the global market is likely to benefit from the growing demand for potassium iodide in the food industry as global consumers are leaning toward a healthy diet. The consumption of potassium iodine is slated to increase in the coming years as rising number of consumers are trying to avert diseases such as goiter, cretinism, and hyperthyroidism.

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The extensive usage of potassium iodine is also seen in the textile industry as a nylon stabilizer and heat dispersant. It is used for making iodine solution, which is then used for testing the desizing property of the textile. Thus, the growing number of application of potassium in areas such as film photography and x-ray contrast media along with the aforementioned are expected to benefit the market in the near future.

On the flip side, the global potassium iodide market faces a few challenge. The key restraint in the overall market is the side effect of potassium iodide. Joint pain, swelling of arms, legs, face, and throat are some of the commonly seen side effects of potassium iodide. Research shows that prolonged usage of potassium iodide can also lead to burning of mouth, irregular heartbeat, and a metallic taste in the mouth. Thus, these factors are likely to act as an impediment for the global potassium iodide market over the forecast period.

The global potassium iodide market has been segmented as follows:

Potassium Iodide Market – End Use Analysis

X-Ray Contrast Media
Pharmaceutical
Nutrition
Film Photography
Others

This review is based on Transparency Market Research’s report, titled “Potassium Iodide Market - (End Use - X-Ray Contrast Media, Pharmaceutical, Nutrition, and Film Photography) Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”

Oil and Gas Pipeline Leak Detection Equipment Market Driven by Stringent Government Regulations

Although renewable resources of energy have gained substantial popularity in the recent past, there is no foreseeable limitation to the escalating demand for oil and gas, with the growing population and rapid urbanization. Consequently, the demand in the global market for oil and gas pipeline leak detection equipment is projected for a robust CAGR of 6.8% during the forecast period of 2016 to 2024, according to a recent report by Transparency Market Research (TMR). As per the estimations of the TMR report, the global oil and gas pipeline leak detection equipment market will be worth US$3.65 bn by the end of 2024, significantly up from its evaluated valuation of US$2.02 bn in 2015. Some of the key factors augmenting the demand in the oil and gas pipeline leak detection equipment market are: development and expansion of existing pipelines and construction of new pipelines, increasing incidents of oil and gas leakages in pipeline and storage tanks at production facilities, and

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Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @ http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi

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