Transparency Market Research in its new report titled, “Gold Chloride Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the gold chloride market. The TMR report anticipates that the increasing variety of applications, especially as an industry catalyst will drive the gold chloride market during the forecast period i.e, 2018-2026. A helpful factor in this trend has been the development of gold chloride nanoparticles. These particles can be developed in a highly specialized manner suited for the required application. They also reduce the reliance of the market on the natural availability and supply of the gold metal to gold chloride manufacturers, says the report.
The TMR report has segregated the global gold chloride market along the lines of form, application, end-user industry, and region. Based on form, the global gold chloride market is split into crystals, lumps, and liquid. The form in which gold chloride is used depends on the purpose. However, usage of gold chloride in crystal form is the common among all. In terms of application, the gold chloride market is divided into industry catalyst, manufacturing of other gold compounds, and purification of gold. As an industry catalyst, conversion of furans and alkylation of aromatics is the common purpose for using gold chloride. This has also rendered gold chloride highly popular among organic chemists. However, market share of using gold chloride for other applications is comparatively low, according to the report.
On the basis of end-user industry, the global gold chloride market is split into manufacturing industry, medical industry, cosmetics industry, electronics industry, and others. Among these, the medical and cosmetics industries are expected to witness the dominant surge in usage of gold chloride in the near future. Based on geographical perspective, the global gold chloride market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. The developed markets of North America and Europe currently capture the leading share in consumption of gold chloride. However, in terms of production, Asia Pacific is the leader, with China as the principal producer of gold chloride.
The report states that the global gold chloride market consists of a large number of players spread across the world. Barriers to entry in the market are relatively lower and hence, several new companies are expected to join the market in the next few years. This is especially the case as the gold chloride market is growing and expected to do well in the near future. Prominent companies operating in the gold chloride market are profiled in this report to give a better competitive analysis and these include China Gold International Resources Corp. Ltd., AngloGold Ashanti, Freeport McMoRan Copper & Gold Inc., and Goldcorp Inc.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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