CUPROUS IODIDE MARKET ANALYSIS

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, 2022-2028

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.