Medical - - Jul 04,2017
As per report statistics, the potassium iodide market on the global scale is predicted to rise at a notable CAGR of 7.3 % between 2016 and 2024.
Over the past few years, the growing awareness related to nutritional deficiencies is acting as a driving a factor for the market of potassium iodide on the global scenario. Moreover, the worldwide market is expected to gain profit from the rising demand for potassium iodide in the food industry; this is due to the significant shift of consumers toward a healthy diet.
As per a recent research report published by Market Research Hub (MRH), it has been found out that the potassium iodide market on the global level is anticipated to surge at a prominent CAGR of 7.3 % between 2016 and 2024. If this pace is maintained, the market would acquire a value of US$1.14 billion by the end of 2024.
It is interesting to know that, potassium iodide is declared in the World Health Organization’s List of Essential Medicines, as the most important medication required in a basic health system. Moreover, it is a common commercial additive to table salt, primarily to produce iodized salt, whose deficiency leads to health problems such as cretinism and goiter.
In the current day scenario, the use of potassium iodide is successfully being implemented in the fields of pharmaceutical, x-ray contrast media, nutrition, film photography and others such as chemical and textile industries. To add more to its usage, potassium iodide is used to treat patients struggling with chronic breathing problems that can grow complicated by thick mucus in the respiratory tract. The specific diseases include asthma, chronic bronchitis or emphysema.
Presently, the market for potassium iodide is managed by key players such as Adani Pharmaceuticals, Merck Millipore, NIPPOH CHEMICALS CO. LTD., GODO SHIGEN CO. LTD. and Iofina Plc.
For more information on this report visit- http://www.marketresearchhub.com/report/potassium-iodide-market-global-industry-analysis-size-share-growth-trends-and-forecast-2016-2024-report.html