1. What is the projected Compound Annual Growth Rate (CAGR) of the Potassium Iodate market?
The projected CAGR is approximately 12.8%.
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Potassium Iodate marketPotassium Iodate market by Grade (Pharma Grade, Industrial Grade), by Application (Chemical Industry, Agricultural Industry, Pharmaceutical Industry, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2026-2034
The size of the Potassium Iodate market was valued at USD 954.34 USD Million in 2023 and is projected to reach USD 2217.52 USD Million by 2032, with an expected CAGR of 12.8% during the forecast period. Potassium iodate (KIO₃) is an inorganic compound used primarily as a source of iodine. It appears as a white crystalline solid and is a key ingredient in iodized salt to prevent iodine deficiency. Potassium iodate has several types, including pure and analytical grades, tailored for various applications. Its features include high solubility in water and stability under normal conditions. This compound is utilized in laboratories for iodometric titrations and as a reagent in chemical syntheses. It also plays a role in food industry processes, particularly in ensuring iodine levels in salt and other food products. Its efficacy in enhancing iodine intake and its stability make it a valuable compound in both industrial and health-related fields.
Potassium Iodate market Trends
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 12.8% from 2020-2034 |
| Segmentation |
|
Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 12.8%.
Key companies in the market include Sociedad Química y Minera, Iofina, ISE Chemicals Corporation, IOCHEM Corporation, Compañía de Salitre y Yodo, Algorta Norte SA and others.
The market segments include Grade, Application.
The market size is estimated to be USD 954.34 USD Million as of 2022.
Significant Demand for Alpha-hydroxy-acid in Cosmetic Industry to Aid Market Growth.
N/A
Hazardous Effects of Hydroxyacetic Acid on Health and Environment to Hinder Market.
N/A
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The market size is provided in terms of value, measured in USD Million and volume, measured in K Tons .
Yes, the market keyword associated with the report is "Potassium Iodate market," which aids in identifying and referencing the specific market segment covered.
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