Product Code: ETC102110 | Publication Date: Jun 2021 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Sri Lanka Potassium iodide Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 8.94% in 2025, climbs to a high of 10.95% in 2027, and moderates to 4.45% by 2029.
The Potassium iodide market in Sri Lanka is projected to grow at a high growth rate of 10.95% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
The Sri Lanka potassium iodide market supports pharmaceutical, healthcare, and nutritional supplement industries by providing iodine compounds essential for human health. Potassium iodide is used in pharmaceuticals for thyroid gland function support and radiation emergency preparedness. It is also added to salt and dietary supplements to prevent iodine deficiency disorders. Market demand is driven by public health initiatives, increasing consumer awareness of nutritional supplements, and regulatory requirements for iodized salt production. Key trends include the development of iodine fortification programs, adoption of iodine supplements for maternal and child health, and partnerships to ensure sustainable sourcing and quality control in potassium iodide production.
The Sri Lanka potassium iodide market is growing with applications in pharmaceuticals, healthcare, and nutritional supplements requiring iodine supplementation for thyroid health and radiation emergency preparedness. Potassium iodide, essential for thyroid hormone production and radiation protection, is in demand among healthcare professionals and consumers in Sri Lanka. Market drivers include public health initiatives, iodine deficiency awareness, and emergency response preparedness programs. Pharmaceutical companies, healthcare providers, and dietary supplement manufacturers are focusing on product safety, regulatory compliance, and public education to meet health objectives and market demands in Sri Lanka evolving potassium iodide market.
The Potassium Iodide market in Sri Lanka is challenged by high import costs and limited local production capabilities. The market`s reliance on foreign suppliers makes it vulnerable to international price fluctuations and supply chain issues. Additionally, there is a need for better technology and expertise to produce high-quality potassium iodide domestically. Regulatory requirements and the need for adherence to strict quality standards add complexity to the market dynamics, requiring substantial investments in quality control and compliance.
The Sri Lankan government supports the potassium iodide market by promoting its use in health applications, particularly in thyroid health and radiation emergencies. Initiatives include financial support for local production, research and development for medical applications, and regulatory measures to ensure product safety and efficacy in health treatments.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Sri Lanka Potassium iodide Market Overview |
3.1 Sri Lanka Country Macro Economic Indicators |
3.2 Sri Lanka Potassium iodide Market Revenues & Volume, 2021 & 2031F |
3.3 Sri Lanka Potassium iodide Market - Industry Life Cycle |
3.4 Sri Lanka Potassium iodide Market - Porter's Five Forces |
3.5 Sri Lanka Potassium iodide Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Sri Lanka Potassium iodide Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 Sri Lanka Potassium iodide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Sri Lanka Potassium iodide Market Trends |
6 Sri Lanka Potassium iodide Market, By Types |
6.1 Sri Lanka Potassium iodide Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Sri Lanka Potassium iodide Market Revenues & Volume, By Type, 2018 - 2031F |
6.1.3 Sri Lanka Potassium iodide Market Revenues & Volume, By Industrial Grade, 2018 - 2031F |
6.1.4 Sri Lanka Potassium iodide Market Revenues & Volume, By Non-industrial Grade, 2018 - 2031F |
6.2 Sri Lanka Potassium iodide Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Sri Lanka Potassium iodide Market Revenues & Volume, By X-Ray Contrast Media, 2018 - 2031F |
6.2.3 Sri Lanka Potassium iodide Market Revenues & Volume, By Pharmaceutical, 2018 - 2031F |
6.2.4 Sri Lanka Potassium iodide Market Revenues & Volume, By Nutrition , 2018 - 2031F |
6.2.5 Sri Lanka Potassium iodide Market Revenues & Volume, By Film Photography, 2018 - 2031F |
6.2.6 Sri Lanka Potassium iodide Market Revenues & Volume, By Others, 2018 - 2031F |
7 Sri Lanka Potassium iodide Market Import-Export Trade Statistics |
7.1 Sri Lanka Potassium iodide Market Export to Major Countries |
7.2 Sri Lanka Potassium iodide Market Imports from Major Countries |
8 Sri Lanka Potassium iodide Market Key Performance Indicators |
9 Sri Lanka Potassium iodide Market - Opportunity Assessment |
9.1 Sri Lanka Potassium iodide Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Sri Lanka Potassium iodide Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Sri Lanka Potassium iodide Market - Competitive Landscape |
10.1 Sri Lanka Potassium iodide Market Revenue Share, By Companies, 2024 |
10.2 Sri Lanka Potassium iodide Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |