Cuprous Iodide Market – By Application (Inorganic and biochemical synthesis, Cloud seeding, Polymer additive, Adsorbent, and Semiconductors and Battery manufacturing), By End-Use Industry (Food, Animal feed, Fibers and Textiles, Automobile, Electronics, and Agricultural), By Region (North America, South America, Europe, Asia Pacific, and Middle East & Africa) – Size, Share, Outlook, and Opportunity Analysis, 2018–2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Cuprous iodide widely known as a metal catalyst. It is off white to light brown powder having a chemical formula CuI. It can be prepared by heating iodine and copper in concentrated hydriodic acid. Demand of CuI is increasing attributing to its properties such as catalyzing ability in inorganic and organic synthesis, its use in cloud seeding (i.e. artificial rainfall), ability to function as semiconductor, and for heat stabilizer in manufacturing of nylon 6 and nylon 66. As per Food and Drug Administration (FDA), cuprous iodide can be used as a food additive, in table salt as a source of dietary iodine.

Market Dynamics:

  • Use of CuI in solar cells is expected to be a major driver for its market growth, owing to its ability to function as p-type semiconductor.
  • Non-renewable energy sources such as crude oil are depleting at high rate, however, energy demand is increasing with growing population. According to energy statistics 2018, of Government of India, solar power potential is 64.86% of total potential of renewable energies.
  • Increasing demand for renewable energy is propelling demand for solar cells and thereby CuI to supplement energy requirement of the countries.

Global Cuprous Iodide Market Outlook:

  • Among applications, polymer additive segment contributes to high market share, as it is used as an additive to nylon (polyamides). Global production of polyamide is growing since 2013, it was over 7 million tons in 2015, and it is further increasing, which is expected to increase demand for CuI.
  • CuI helps in stabilization of nylons against effect of light and heat. Important application of Nylon 6 and nylon 66 is in high growing automotive, electrical, and electronics sector. According to Hanser’s report 2016, demand for finished products in these sectors increased by 10% from 2013 to 2015, as a result of increasing demand from Europe, North America and Asia. However, demand was higher from China. China was the biggest consumer of nylon 6 (2.3 million tonnes) in 2015. Higher demand of nylon will increase the demand for CuI.

Key players:

  • Key players operating in the global Cuprous Iodide market include: Iofina, Ajay-SQM, William Blythe, Tocean Iodine Products, Jindian Chemical, Jiangxi Shengdian S&T, Toronto Research Chemicals, Samrat Remedies Limited, Strem Chemicals, Inc, and New Alliance Dye Chem Pvt. Ltd.

Global Cuprous Iodide Market Taxonomy:

On the basis of application, global Cuprous Iodide market is segmented into:

  • Inorganic and Biochemical Synthesis
  • Cloud Seeding
  • Polymer Additive
  • Adsorbent
  • Semiconductor and battery manufacturing

On the basis of end-use industry, global Cuprous Iodide market is segmented into:

  • Food
  • Animal feed
  • Fibers and Textile
  • Automobile
  • Electronics
  • Agricultural

On the basis of region, global Cuprous Iodide market is segmented into:

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Australia
    • Rest of Asia Pacific
  • Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.