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The silver iodide market share is expected to increase to USD 106.72 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.67%.
This silver iodide market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers silver iodide market segmentations by application (cloud seeding, antiseptic material, photosensitive material, and others) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The silver iodide market report also offers information on several market vendors, including abcr GmbH, American Elements, City chemical LLC, Colonial Metals Inc., Deepwater Chemicals Inc., ESPI Metals, Hanhong Pharmaceutical Technology Co. Ltd., Infinium Pharmachem Pvt. Ltd., Iofina Plc, Micron Platers, Otto Chemie Pvt. Ltd., Thermo Fisher Scientific Inc., Vizag Chemical International, and Wuhan Silworld Chemical Co. Ltd. among others.
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The rising demand for cloud seeding at airports for fog dissipation is notably driving the silver iodide market growth, although factors such as altered weather patterns in other areas may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the silver iodide industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Silver Iodide Market Driver
The rising demand for cloud seeding at airports for fog dissipation is one of the key drivers supporting the silver iodide market growth. Cloud seeding is widely used by the aviation industry to maintain normal weather conditions around their runways. The aircraft's ability to take off or land may be hampered when there is fog, hail, or ice. Moreover, the procedures utilized in this circumstance aid in the transformation of precipitation or altering its visual impact on pilots, making passenger flight safer. Hence, the demand for silver iodide is expected to increase and propel the growth of the global silver iodide market during the forecast period.
Key Silver Iodide Market Trend
Recent developments is one of the key silver iodide market trends contributing to the market growth. For instance, in November 2020, American Elements LLC announced the launch of its all-new Life Sciences and Organic Chemistry Product Group. The new development was a watershed moment in the company's 25-year existence. The new product category, which includes over 6,000 distinct items, is the consequence of the company's decade-long development in the organic and organometallic chemicals market. In July 2020, The National Center of Meteorology (NCM) of the UAE declared that it had carried out 219 cloud seeding operations around the nation in Q1 2020. It made use of 4841 flares manufactured by NCM's Emirates weather improvement plant. Such developments are expected to propel the silver iodide market growth in focus during the forecast period.
Key Silver Iodide Market Challenge
Altered weather patterns in other areas is one of the factors hampering the silver iodide market growth. Typically, when clouds are injected with cloud seeds, it incurs more rainfall in a specific place, and such activity may prevent or hamper other areas of precipitation processes. Such technology can assist in managing the weather locally at times, but it may also modify the patterns that other people get hundreds of miles away. If it is used to address a drought problem in one area, it may create another drought problem in the other area. Such inconvenience may hamper the silver iodide market growth during the forecast period.
This silver iodide market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global silver iodide market as a part of the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the silver iodide market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the silver iodide market encompasses successful business strategies deployed by the key vendors. The silver iodide market is fragmented and the vendors are deploying growth strategies such as brand, quality, and reliability to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The silver iodide market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the silver iodide market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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42% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the silver iodide market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Increasing demand for water from farmers will facilitate the silver iodide market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 had a negative impact on several countries worldwide during the first half of 2020. However, several countries in APAC resumed their manufacturing and business activities due to the initiation of vaccination drives in 2021, with proper sanitization rules and social distancing norms, which, in turn, are expected to contain the spread of the diseases and promote business activities and manufacturing operations in end-user industries such as pharmaceutical industry. Thus, the demand for silver iodide in APAC is expected to increase during the forecast period.
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The silver iodide market share growth by the cloud seeding segment will be significant during the forecast period. The cloud seeding segment is projected to have a major market share during the forecast period due to rising awareness regarding the utilization of cloud seeding processes in numerous countries such as India, the US, UAE, and China. Furthermore, the UAE is running weather modification programs for cloud seeding. As a result, the demand for silver iodide is increasing. Furthermore, nations such as India have boosted R&D operations for cloud seeding, which are expected to enhance the demand for silver iodide during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the silver iodide market size and actionable market insights on post COVID-19 impact on each segment.
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Silver Iodide Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.67% |
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Market growth 2022-2026 |
$ 106.72 million |
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Market structure |
Fragmented |
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YoY growth (%) |
6.32 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 42% |
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Key consumer countries |
US, Canada, China, Japan, UK, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
abcr GmbH, American Elements, City chemical LLC, Colonial Metals Inc., Deepwater Chemicals Inc., ESPI Metals, Hanhong Pharmaceutical Technology Co. Ltd., Infinium Pharmachem Pvt. Ltd., Iofina Plc, Micron Platers, Otto Chemie Pvt. Ltd., Thermo Fisher Scientific Inc., Vizag Chemical International, and Wuhan Silworld Chemical Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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