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Silver Iodide Market

Silver Iodide Market by Application (Cloud Seeding, Antiseptic Material, Photosensitive Material, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13690
Pages: 127
Sep 2021 | 233 Views
   
Author(s) : Amit Narune , Eswara Prasad
Tables: 65
Charts: 40
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COVID-19

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The silver iodide market was valued at $257.6 million in 2020, and is projected to reach $494.0 million by 2030, growing at a CAGR of 6.8% from 2021 to 2030.

Research and developments programs on silver iodide in cloud seeding and pilot scale government funded weather modification programs were hindered owing to spread of COVID-19 in several countries. This was attributed to reduction in government’s revenue due to COVID-19 in numerous countries.

Silver iodide is an inorganic chemical compound which is highly insoluble in water and is a fast ion conductor. It is also known as silver mono iodide, neosilvol, and neosiluol. Silver iodide is widely utilized in photography, antiseptic in medicine, and others. Its formulation is homogeneous to that of ice, which enables it to induce freezing in cloud seeding for rainmaking motive. The crystalline structure of silver iodide changes with temperature.

Silver-Iodide-Market,-2021-2030

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The silver iodide market is driven by factors such as increased cloud seeding activities by numerous countries around the world. This is consequently increasing the demand for silver iodide, as it is used in cloud seeding application. There is an increase in the cloud seeding programs because of numerous factors such as delay in rains in many countries, increased demand for water from farmers, decline in rainfall rate across the globe, and others. However, the market is hindered by the factors such as availability of alternatives for cloud seeding (potassium chloride and dry ice). On the contrary, the developments in weather modification market or industry is anticipated to offer lucrative opportunity during the forecast period.

The silver iodide market is segmented on the basis of application, and region. On the basis of application, the silver iodide market is segregated into cloud seeding, antiseptic material, photosensitive material, and others. Region-wise, the silver iodide market share is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The silver iodide market analysis covers in-depth information of the major industry participants. Some of the major players in the silver iodide market include Infinium Pharmachem Pvt. Ltd. (Infinium Pharmachem), Micron Platers, Alfa Aesar, American Elements, Finetech Industry Limited (Finetech), BOC Sciences (BOCSCI Inc.), abcr GmbH, Achemtek, Alfa Chemistry, and Iofina plc (Iofina).

Other players in the value chain of the silver iodide market include Otto Chemie Pvt. Ltd. (Otto Chemie), Vizag Chemical, Hanhong Pharmaceutical Technology Co., Ltd. (Hanhong Pharmaceutical), Anward, ChemScence, MolCore (Hangzhou MolCore BioPharmatech Co.,Ltd.), ALB Materials Inc (ALB Materials), Colonial Metals, Inc. (Colonial Metals), GFS Chemicals, Inc. (GFS Chemicals), Deepwater Chemicals, Inc. (Deepwater Chemicals), Mil-Spec Industries Corporation. (Mil-Spec), Wuhan Silworld Chemical Co., Ltd. (Silworld Chemical), Noah Chemicals (Noah), ESPI metal (ESPI), and others.

Silver Iodide Market, by Application

By application, the cloud seeding segment garnered market share of 43.2% in 2020, in terms of revenue. This is attributed to rise in awareness regarding the utilization of cloud seeding process in numerous countries such as China, U.S., UAE, and others. China has expanded its weather modification program. The aim of the weather modification program is to cover 5.5 million sq km, while over 580,000 sq km (224,000 sq miles) by artificial snowfall or rain or in the next five years. The motive behind weather modification program is to help agricultural production, disaster relief, urgent responses to forest fires, and others. China is expected to become a top global player in the weather modification or cloud seeding industry by 2035. Furthermore, the UAE is also conducting weather modification program by using cloud seeding. This consequently increases the demand for silver iodide. Moreover, there are increased research and development activities for cloud seeding from countries such as India which might increase the demand for silver iodide during the forecast period.

Silver Iodide Market
By Application

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Cloud Seeding is projected as the most lucrative segment.

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Silver Iodide Market, by Region

Region-wise, Asia-Pacific is expected to grow at a CAGR of 7.1%, during the forecast period. This is attributed to presence of key silver iodide industrial participants in China, and India. In addition, the rising cloud seeding programs in Asia is also boosting the demand for silver iodide. As silver iodide is injected in the clouds for artificial rain and snow. The weather modification programs are increasing from governments of numerous countries such as China and India owing to presence of huge agriculture industry in China, India, and others.

Silver Iodide Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.

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Key benefits for stakeholders

  • The report outlines the current silver iodide market trends and future scenario of the market from 2021 to 2030 to understand the prevailing opportunities and potential investment pockets.
  • The silver iodide market size is provided in terms of revenue.
  • The report provides an in-depth analysis of the silver iodide market along with the current and future market trends.
  • This report highlights the key drivers, opportunities, and restraints of the silver Iodide market along with impact analysis during the forecast period.
  • Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • The study provides a comprehensive analysis of the factors that drive and restrain the silver iodide market growth.

Impact of COVID-19 on the Silver Iodide Market

  • The outbreak of COVID-19 in China and it’s spread across numerous countries around the world halted the manufacturing activities of industrial sectors which correspondingly hampered silver iodide manufacturing as well.
  • Global chemical production decreased by approximately 3% in March in 2020. This was attributed to labor and raw material shortages as well as government-implemented plant shutdowns.
  • The raw material procurement was also challenged owing to outbreak of COVID-19.
  • Chemical companies have been witnessing oversupply situation owing to decreased demand from halted industrial activities
  • The revenue streams of government of numerous countries were halted which correspondingly hindered the government funded cloud seeding programs. This consequently decreased the demand for cloud seeding programs.
  • It is expected that as economies of numerous countries are recovering the government funded cloud seeding programs might resume as soon as possible. Which might increase the demand for silver iodide.

Key Market Segments

By Application

  • Cloud Seeding
  • Antiseptic Material
  • Photosensitive Material
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Austria
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of LAMEA
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.Key findings

2.2.1.Top investment pockets

2.3.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Porter's five forces analysis
3.3.Market dynamics

3.3.1.Drivers

3.3.1.1.Increased cloud seeding activities by numerous countries around the world
3.3.1.2.Increased demand for water from farmers

3.3.2.Restraint

3.3.2.1.Availability of alternatives for cloud seeding

3.3.3.Opportunity

3.3.3.1.The growth of weather modification market or industry

3.4.Impact of COVID-19 outbreak on the silver iodide market

CHAPTER 4:SILVER IODIDE MARKET, BY APPLICATION

4.1.Overview

4.1.1.Market size and forecast

4.2.Cloud seeding

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Antiseptic material

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

4.4.Photosensitive material

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country

4.5.Others

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market analysis, by country

CHAPTER 5:SILVER IODIDE MARKET, BY REGION

5.1.Overview

5.1.1.Market size and forecast

5.2.North America

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by application
5.2.3.Market size and forecast, by country

5.2.3.1.U.S.

5.2.3.1.1.Market size and forecast, by application

5.2.3.2.Canada

5.2.3.2.1.Market size and forecast, by application

5.2.3.3.Mexico

5.2.3.3.1.Market size and forecast, by application

5.3.Europe

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by application
5.3.3.Market size and forecast, by country

5.3.3.1.Germany

5.3.3.1.1.Market size and forecast, by application

5.3.3.2.France

5.3.3.2.1.Market size and forecast, by application

5.3.3.3.UK

5.3.3.3.1.Market size and forecast, by application

5.3.3.4.Austria

5.3.3.4.1.Market size and forecast, by application

5.3.3.5.Spain

5.3.3.5.1.Market size and forecast, by application

5.3.3.6.Rest of Europe

5.3.3.6.1.Market size and forecast, by application

5.4.Asia-Pacific

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by application
5.4.3.Market size and forecast, by country

5.4.3.1.China

5.4.3.1.1.Market size and forecast, by application

5.4.3.2.Japan

5.4.3.2.1.Market size and forecast, by application

5.4.3.3.India

5.4.3.3.1.Market size and forecast, by application

5.4.3.4.South Korea

5.4.3.4.1.Market size and forecast, by application

5.4.3.5.Australia

5.4.3.5.1.Market size and forecast, by application

5.4.3.6.Rest of Asia-Pacific

5.4.3.6.1.Market size and forecast, by application

5.5.LAMEA

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by application
5.5.3.Market size and forecast, by country

5.5.3.1.Brazil

5.5.3.1.1.Market size and forecast, by application

5.5.3.2.Saudi Arabia

5.5.3.2.1.Market size and forecast, by application

5.5.3.3.UAE

5.5.3.3.1.Market size and forecast, by application

5.5.3.4.South Africa

5.5.3.4.1.Market size and forecast, by application

5.5.3.5.Rest of LAMEA

5.5.3.5.1.Market size and forecast, by application

CHAPTER 6:COMPETITIVE LANDSCAPE

6.1.Introduction

6.1.1.Market player positioning, 2020

CHAPTER 7:COMPANY PROFILES

7.1.abcr GmbH

7.1.1.Company overview
7.1.2.Key executive
7.1.3.Company snapshot
7.1.4.Product portfolio

7.2.Achemtek Inc

7.2.1.Company overview
7.2.2.Key executive
7.2.3.Company snapshot
7.2.4.Product portfolio

7.3.Alfa Chemistry

7.3.1.Company overview
7.3.2.Key executive
7.3.3.Company snapshot
7.3.4.Product portfolio

7.4.Alfa Aesar

7.4.1.Company overview
7.4.2.Company snapshot
7.4.3.Product portfolio

7.5.American Elements

7.5.1.Company overview
7.5.2.Key executive
7.5.3.Company snapshot
7.5.4.Product portfolio

7.6.BOC Sciences (BOCSCI Inc.)

7.6.1.Company overview
7.6.2.Key executive
7.6.3.Company snapshot
7.6.4.Product portfolio

7.7.Finetech Industry Limited

7.7.1.Company overview
7.7.2.Key executive
7.7.3.Company snapshot
7.7.4.Product portfolio

7.8.Iofina plc

7.8.1.Company overview
7.8.2.Key executive
7.8.3.Company snapshot
7.8.4.R&D expenditure
7.8.5.Business performance
7.8.6.Product portfolio

7.9.Infinium Pharmachem Pvt. Ltd.

7.9.1.Company overview
7.9.2.Key executive
7.9.3.Company snapshot
7.9.4.Product portfolio

7.10.Micron Platers

7.10.1.Company overview
7.10.2.Key executive
7.10.3.Company snapshot
7.10.4.Product portfolio

LIST OF TABLES

TABLE 01.SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 02.SILVER IODIDE MARKET, FOR CLOUD SEEDING, BY REGION, 2020-2030 ($MILLION)
TABLE 03.SILVER IODIDE MARKET, FOR ANTISEPTIC MATERIAL, BY REGION, 2020-2030 ($MILLION)
TABLE 04.SILVER IODIDE MARKET, FOR PHOTOSENSITIVE MATERIAL, BY REGION, 2020-2030 ($MILLION)
TABLE 05.SILVER IODIDE MARKET, FOR OTHERS, BY REGION, 2020-2030 ($MILLION)
TABLE 06.SILVER IODIDE MARKET, BY REGION, 2020-2030 ($MILLION)
TABLE 07.NORTH AMERICA SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 08.NORTH AMERICA SILVER IODIDE MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 09.U.S. SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 10.CANADA SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 11.MEXICO SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 12.EUROPE SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 13.EUROPE SILVER IODIDE MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 14.GERMANY SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 15.FRANCE SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 16.UK SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 17.AUSTRIA SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 18.SPAIN SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 19.REST OF EUROPE SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 20.ASIA-PACIFIC SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 21.ASIA-PACIFIC SILVER IODIDE MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 22.CHINA SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 23.JAPAN SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 24.INDIA SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 25.SOUTH KOREA SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 26.AUSTRALIA SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 27.REST OF ASIA-PACIFIC SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 28.LAMEA SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 29.LAMEA SILVER IODIDE MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 30.BRAZIL SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 31.SAUDI ARABIA SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 32.UAE SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 33.SOUTH AFRICA SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 34.REST OF LAMEA SILVER IODIDE MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 35.ABCR: KEY EXECUTIVES
TABLE 36.ABCR: COMPANY SNAPSHOT
TABLE 37.ABCR: PRODUCT PORTFOLIO
TABLE 38.CHEMTEK: KEY EXECUTIVES
TABLE 39.CHEMTEK: COMPANY SNAPSHOT
TABLE 40.CHEMTEK: PRODUCT PORTFOLIO
TABLE 41.ALFA: KEY EXECUTIVES
TABLE 42.ALFA: COMPANY SNAPSHOT
TABLE 43.ALFA: PRODUCT PORTFOLIO
TABLE 44.ALFA: COMPANY SNAPSHOT
TABLE 45.ALFA: PRODUCT PORTFOLIO
TABLE 46.AMERICAN ELEMENTS: KEY EXECUTIVES
TABLE 47.AMERICAN ELEMENTS: COMPANY SNAPSHOT
TABLE 48.AMERICAN ELEMENTS: PRODUCT PORTFOLIO
TABLE 49.BOCSCI: KEY EXECUTIVES
TABLE 50.BOCSCI: COMPANY SNAPSHOT
TABLE 51.BOCSCI: PRODUCT PORTFOLIO
TABLE 52.FINETECH: KEY EXECUTIVES
TABLE 53.FINETECH: COMPANY SNAPSHOT
TABLE 54.FINETECH: PRODUCT PORTFOLIO
TABLE 55.IOFINA: KEY EXECUTIVES
TABLE 56.IOFINA: COMPANY SNAPSHOT
TABLE 57.IOFINA: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 58.IOFINA: NET SALES, 2018–2020 ($MILLION)
TABLE 59.IOFINA: PRODUCT PORTFOLIO
TABLE 60.INFINIUM: KEY EXECUTIVES
TABLE 61.INFINIUM: COMPANY SNAPSHOT
TABLE 62.INFINIUM: PRODUCT PORTFOLIO
TABLE 63.MICRON: KEY EXECUTIVES
TABLE 64.MICRON: COMPANY SNAPSHOT
TABLE 65.MICRON: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.SILVER IODIDE MARKET SNAPSHOT, BY SEGMENTATION, 2021–2030
FIGURE 03.SILVER IODIDE MARKET SNAPSHOT, BY REGION, 2021–2030
FIGURE 04.TOP INVESTMENT POCKETS, BY COUNTRY
FIGURE 05.HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 06.MODERATE BARGAINING POWER OF BUYERS
FIGURE 07.MODERATE THREAT OF SUBSTITUTES
FIGURE 08.LOW THREAT OF NEW ENTRANTS
FIGURE 09.MODERATE INTENSITY OF RIVALRY
FIGURE 10.SILVER IODIDE: MARKET DYNAMICS
FIGURE 11.SILVER IODIDE MARKET, BY APPLICATION, 2020–2030 ($MILLION)
FIGURE 12.COMPARATIVE ANALYSIS OF SILVER IODIDE MARKET, FOR CLOUD SEEDING, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 13.COMPARATIVE ANALYSIS OF SILVER IODIDE MARKET, FOR ANTISEPTIC MATERIAL, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 14.COMPARATIVE ANALYSIS OF SILVER IODIDE MARKET, FOR PHOTOSENSITIVE MATERIAL, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 15.COMPARATIVE ANALYSIS OF SILVER IODIDE MARKET, FOR OTHERS, BY COUNTRY, 2020 & 2030 ($MILLION)
FIGURE 16.U.S. SILVER IODIDE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 17.CANADA SILVER IODIDE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 18.MEXICO SILVER IODIDE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 19.GERMANY SILVER IODIDE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 20.FRANCE SILVER IODIDE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 21.UK SILVER IODIDE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 22.AUSTRIA SILVER IODIDE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 23.SPAIN SILVER IODIDE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 24.REST OF EUROPE SILVER IODIDE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 25.CHINA SILVER IODIDE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 26.JAPAN SILVER IODIDE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 27.INDIA SILVER IODIDE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 28.SOUTH KOREA SILVER IODIDE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 29.AUSTRALIA SILVER IODIDE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 30.REST OF ASIA-PACIFIC SILVER IODIDE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 31.BRAZIL SILVER IODIDE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 32.SAUDI ARABIA SILVER IODIDE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 33.UAE SILVER IODIDE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 34.SOUTH AFRICA SILVER IODIDE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 35.REST OF LAMEA SILVER IODIDE MARKET REVENUE, 2020-2030 ($MILLION)
FIGURE 36.MARKET PLAYER POSITIONING, 2020
FIGURE 37.IOFINA: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 38.IOFINA: NET SALES, 2018–2020 ($MILLION)
FIGURE 39.IOFINA: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 40.IOFINA: REVENUE SHARE BY REGION, 2020(%)

 
 

As per prospective of CXO’s of key industrial participants the factors that drive the market growth include increased demand for silver iodide for cloud seeding application. This is attributed to the increased government funding and support for weather modification programs. The aim behind increased weather modification program is solving farmers drought problem. In addition, the rise in forest fire incidents has also surged the demand for artificial rains. However, the silver iodide’s toxicity is one of the concerns for cloud seeding process owing to which there are numerous research and development activities in numerous countries. In addition, the presence of alternatives chemicals for cloud seeding process might hinder the demand for silver iodide. On the contrary, the antiseptic properties of silver are projected to increase the demand for medical applications.

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FREQUENTLY ASKED QUESTIONS?
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A. Increased demand for silver iodide from weather modification industry is boosting the silver iodide market growth.

A. The silver iodide market was valued at $257.6 million in 2020, and is projected to reach $494.0 million by 2030, growing at a CAGR of 6.8% from 2021 to 2030.

A. Infinium Pharmachem Pvt. Ltd. (Infinium Pharmachem), Micron Platers, Alfa Aesar, American Elements, Finetech Industry Limited (Finetech), BOC Sciences (BOCSCI Inc.), abcr GmbH, Achemtek, Alfa Chemistry, and Iofina plc (Iofina) are some of the established players in the silver iodide market.

A. Weather Modification Industry is expected to increase the demand for silver iodide market.

A. By Application and By Region segments are covered in the silver iodide market report

A. Increased cloud seeding activities/program in numerous countries is the main driver of the silver iodide market.

A. Which application are expected to drive the adoption of Silver Iodide?

A. o The outbreak of COVID-19 in China and it’s spread across numerous countries around the world halted the manufacturing activities of industrial sectors which correspondingly hampered silver iodide manufacturing as well. o Global chemical production decreased by approximately 3% in March in 2020. This was attributed to labor and raw material shortages as well as government-implemented plant shutdowns

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