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Overview
Silver Iodide Market is forecast to reach $xx billion by
2025, after growing at a CAGR of 5.3% during 2020-2025. The Silver Iodide
market is driven by its applications in weather modification, as an antiseptic
material and a photosensitive material in photography.
Report Coverage
The report: “Silver Iodide Market – Forecast (2020-2025)”, by IndustryARC, covers
an in-depth analysis of the following segments of the Silver Iodide Market.
Key Takeaways
- Asia-Pacific dominates the Silver Iodide market owing to strong usage of silver iodide for weather modification and medicine purpose.
- Silver iodide acts as a very effective nucleus to form ice crystals. Silver iodide has an important advantage over mercury as a subject for study of electrochemical properties of interfaces.
Application - Segment Analysis
Weather
modification has been the primary market for Silver Iodide. In weather modification
application silver iodide is used as cloud seeding or anti hail systems. Cloud
seeding is widespread and growing, as it makes rain where it normally does not
or at a time when it normally would not. Cloud seeding introduces particles of
salts like silver iodide and chloride into the cloud using a special aircraft.
According to World Meteorological Organization (WMO) report 2018, many
countries have been practicing cloud seeding, not all seeding efforts are being
undertaken after a rigorous analysis. Most of the cloud seeding are undertaken primarily
in addressing water shortages affecting agriculture and other societal needs.
As countries across globe are facing water shortages due to change in climate
conditions.
Geography - Segment Analysis
APAC dominated the Silver Iodide market with a share of
more than 40%, followed by North America and Europe. In APAC, silver iodide is
widely used for weather modification for cloud seeding. China is investing $168
million into cloud seeding program aimed at making it rain in its usually arid
northwestern region. The China’s Metrological Agency has concluded that the
country will expand its cloud seeding program in next three years over an area
of 10% of country’s landmass. China has already deployed unparalleled cloud
seeding technology to induce rainfall by peppering clouds with catalysts such
as silver iodide. Apart from China in APAC region, Zimbabwe is thinking for
incorporating cloud seeding to ease an early-season drought that’s hurting
crops and destroying cattle pastures. The drought has caused some farmers to
delay planting summer crops, which include the country’s staple corn. For
decades, Zimbabwe has seeded silver iodide clouds that can thicken them by
cooling water droplets and making them heavier.
Drivers – Silver Iodide Market
- The R&D in Cloud Seeding will drive Silver Iodide
In UAE
researchers are exploring nanotechnology to enhance cloud seeding to produce
rain. A new method of cloud seeding is being tested in a bid to increase
rainfall in the UAE. The nanotechnology will accelerate water droplet formation
on a typical cloud seeding material which has never been researched before.
According to Professor Linda Zou, Khalifa University, “Nanotechnology opens up
the prospect of engineering unique cloud seeding particles that makes the
process of water condensation and rain precipitation more efficient”.
Challenges – Silver Iodide Market
- Silver Iodide impact on environment can restrict the growth.
Silver iodide is widely utilized in
cloud seeding to counter severe water or draught situation due to
climate change. Despite being successful material for cloud seeding, the cloud
seeding still has many problems. One of the factor is its being quite expensive
and other is silver iodide being toxic in nature which in turn does soil
contamination. The above stated factor can restrict the market growth of silver
iodide in terms of consumption.
Market Landscape
Technology launches, acquisitions and R&D
activities are key strategies adopted by players in the Silver Iodide market. In
2019, the market of Silver Iodide has been consolidated by the top five players
accounting for xx% of the share. Major players in the Silver Iodide Market are Alfa Aesar, Sigma Aldrich, Avi Chem Industries, and ESPI Metals, among others.