Skip to main content

Posts

Showing posts with the label Potassium Iodide Market Growth

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...