The global silver iodide market size was significantly robust in 2021 and is expected to register a rapid revenue CAGR over the forecast period. Key factors providing impetus to market revenue growth include increasing weather modification activities such as cloud seeding to increase rainfall and growing demand for silver iodide in a wide range of industries including the agriculture, pharmaceutical, printing, animal feed, and other industries.
Silver iodide is a bright yellow inorganic compound represented by the chemical formula AgI. The crystalline material is a solid, and the presence of impurities of metallic silver give the compound a gray coloration. Silver iodide finds a wide range of weather modification applications such as cloud seeding and anti-hail systems. Other key applications of silver iodide include antiseptic materials, photosensitive materials, photographic chemicals, and animal feed supplements. The chemical compound is produced by the reaction of an iodide solution such as potassium iodide with a solution of silver ions. Also known as neosilvol, neosiluol, or silver mono iodide, silver iodide is a fast ion conductor and is highly insoluble in water. Formulation of silver iodide is homogeneous to that of ice, and this allows it to induce freezing in cloud seeding. Up to 50,000 kg of silver iodide is used for cloud seeding every year, with each seeding experiment requiring about 10-50 grams of the compound. The crystalline structure of the chemical compound alters with changing temperature.
Top Companies Operating in the Global Silver Iodide Market:
- Infinium Pharmachem Pvt. Ltd.
- Micron Platers
- Alfa Aesar
- American Elements
- Finetech Industry Limited
- abcr GmbH
- Achemtek
- Alfa Chemistry
- Iofina plc
- ChemScence
- Hangzhou MolCore BioPharmatech Co., Ltd.
- ALB Materials Inc.
- Colonial Metals, Inc.
- GFS Chemicals, Inc.
- Deepwater Chemicals, Inc.
- ESPI Metal
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The Silver Iodide market investigation report assesses the global market for the Silver Iodide industry and provides revenue and capability forecasts for the projected period of 2030. The factors that drive the industry's growth are highlighted in the report. The report divides the Silver Iodide market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and market size, geographic presence, and development and manufacturing capabilities.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
The adoption of digital technologies by oil, gas, and chemical firms has been fueled primarily by cost savings and greater reliability. Many organizations in these areas saw excellent benefits from advanced market sensing, improved operational optimization, and expanded usage of "in silico" simulations. Companies' existing digital technologies provided an advantage with the abrupt entrance of COVID-19 and the accompanying shutdown of facilities and work sites, but they were often insufficient for the level of remote working and cybersecurity that was suddenly required.
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
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The Silver Iodide market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Silver Iodide market.
The global Silver Iodide market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Application Outlook (Revenue, USD Billion; 2019-2030)
- Cloud Seeding
- Antiseptic Materials
- Photosensitive Materials
- Animal Feed Supplements
- Photographic Chemicals
- Others
End-use Industry Outlook (Revenue, USD Billion; 2019-2030)
- Agriculture Industry
- Pharmaceutical Industry
- Printing Industry
- Animal Feed Industry
- Others
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