The latest report titled “Potassium iodide manufacturing” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the manufacturing process of Potassium iodide.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, manufacturing cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry, including Potassium iodide manufacturing process, that might influence Potassium iodide manufacturing cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
Potassium iodide (KI) is a chemical compound that looks like a white, crystalline solid. It is extremely soluble in water (with a solubility of 130 g/100 mL) and dissolves in ethanol, methanol, and acetone. It has a density of 3.13 g/cm3. Its respective melting and boiling points are 681 degrees Celsius and 1,330 degrees Celsius. Despite being non-toxic and non-flammable in nature, it emits iodine gas upon being heated at high temperatures.
Market Drivers:
Potassium iodide has extensive employment across various end-user industries. In the medical industry, it is used as a supplement for treating iodine deficiency and preventing radiation exposure in the thyroid gland. It is also used in many pharmaceuticals like expectorants. The compound is employed in other applications such as photography (as a sensitizer) and analytical chemistry. Furthermore, it finds use as a food additive, as an ingredient in a few thyroid medicines etc. Also, as it helps shield the thyroid gland from radioactive iodine in case of a nuclear disaster or attack, the demand for the compound for radiation protection will likely increase, which in turn proliferate the industry’s development.
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