Potassium Iodide Market to Receive Overwhelming Hike in Revenues by 2025
The global potassium iodide market is characterized by intense competition on account of the presence of a large number of established organizations, collaborators, mergers, acquisitions, and joint ventures finds Transparency Market Research (TMR). Main players are gaining global shares through higher production. Leading companies in the market as of 2017 were GODO SHIGEN, Merck Millipore, Nippoh Chemicals, Adani Pharmaceuticals, and Iofina. Main Consumer of Potassium Iodide to be Pharmaceutical Industry The global potassium iodide market according to the research report is expected to rise from US$607.9 mn in 2015 to US$ 1.14 bn by the end of 2024. Market is likely to rise at a CAGR of 7.3 % within the forecast period of 2016 and 2024. The pharmaceutical industry is supposed to acquire a share of 27.9% by the end of 2024, in terms of revenue. Prevention of thyroid-related issues by potassium is resulting in higher demand of potassium in the pharmaceutical industry...