Global Titanium Oxychloride (CAS 92344-13-3) Market Size By Application(pearlescent pigments, electronics, ceramics), By Geographic Scope And Forecast
Global Titanium Oxychloride (CAS 92344-13-3) Market Size By Application(pearlescent pigments, electronics, ceramics), By Geographic Scope And Forecast
Published Date: July - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Titanium Oxychloride (CAS 92344-13-3) Market Size And Forecast
Titanium Oxychloride (CAS 92344-13-3) Market size was valued at USD 576.33 Million in 2022 and is projected to reach USD 745.37 Million by 2030, growing at a CAGR of 4.13% from 2023 to 2030.
Titanium is majorly used in the production of the aerospace industry due to this titanium demand has been increased leading to creating a huge demand for the global titanium oxychloride. The Global Titanium Oxychloride (CAS 92344-13-3) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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What is Titanium Oxychloride (CAS 92344-13-3)?
Imagine titanium oxychloride as a peculiar yellow liquid - almost like a potion! It's actually a solution of titanium tetrachloride mixed with water. You'll find it used in making things like catalysts and those shimmering, pearlescent pigments that give paint a special glow. It's also involved in creating mixed oxides and plays a role in processing titanium metal. Being an inorganic compound, it's quite volatile. It's even used on film sets to create thick clouds by reacting with the moisture in the air – think titanium dioxide and hydrochloric acid swirling around! Depending on the sample, it can range from a sunny yellow to a reddish-brown. At its purest, it's a dense, colorless liquid that can be distilled. Think of it as a liquid that's as useful as it is interesting, with properties that make it valuable in various industrial applications.
And hey, did you know that titanium oxychloride isn't just some random chemical? It's actually a key player in making things like titanium dioxide and even pure titanium metal! But that's not all. It's also a star in the ceramic world. Think about those bright white glazes on ceramic tiles. They're used to create a smooth base for decorations (like serigraphy!). Usually, they use zircon or zirconia to make the glazes opaque – zircon's the cheaper option. But sometimes, even with tons of zirconia, you just can't get that perfect white. That's where titanium oxychloride swoops in! It's like the ultimate white pigment, especially in ceramics. It gets its awesome whiteness and opacity because it crystallizes as it cools. So, not only does it make glazes opaque, but it can also boost the color and texture of glazes by adding those cool crystals. Basically, titanium oxychloride is a real game-changer!
Global Titanium Oxychloride (CAS 92344-13-3) Market Overview
Titanium oxychloride is also known as the aqueous solution of titanium tetrachloride which is available in yellow acidic liquid form. The chemical formula for titanium oxychloride is TiOCl2,xHCl,yH2O. It is used in the production of titanium metal and pigment titanium
Titanium oxychloride, or Titanium tetrachloride, is a liquid that can range from colorless to a pale yellow, but watch out – it gives off some strong, sharp fumes! You definitely don't want it getting near water because it reacts, creating hydrochloric acid and a bunch of other titanium stuff. Besides that, it's pretty useful. We use it to make catalysts, those shiny, pearlescent pigments you see, and as a source of Ti when we're making titanium dioxide and mixed oxides. It forms when titanium chloride (TiCl4) meets water. Ultimately, we even use titanium oxychloride to create pure titanium metal and other compounds that contain titanium, like, you guessed it, titanium dioxide. That’s the bright white pigment that goes into paints and all sorts of products, and it's also essential for making other chemicals.
Titanium is majorly used in the production of the aerospace industry due to this titanium demand has been increased leading to creating a huge demand for the global titanium oxychloride. However, chemical industries have increased the demand for titanium oxide to extend the global titanium oxychloride market. Moreover, the government applied stringent rules on the use of substances that are harmful, that type of factors restraining the global titanium oxychloride market.
Global Titanium Oxychloride (CAS 92344-13-3) MarketSegmentation Analysis
The Global Titanium Oxychloride (CAS 92344-13-3) Market is segmented on the basis of Application, and Geography.
Titanium Oxychloride (CAS 92344-13-3) Market by Application
Pearlescent Pigments
Electronics
Ceramics
others
Based on the application, the global Titanium Oxychloride (CAS 92344-13-3) Market is segmented into pearlescent pigments, electronics, ceramics, and others. Among all applications, pearlescent pigments have staked a huge share in the expansion of the global titanium oxychloride market owing to the pearlescent pigments being semi-translucent powders made by layering metal oxides on titanium dioxide and/or iron salts, and it is majorly used in the automotive industry.
Pearl pigments are also gaining popularity in skin-care products such as lotions, creams, and sunscreens, where their presence alters and modifies the skin tone in subtle yet dynamic ways. Toiletries such as scents, cleansers, antiperspirants, toothpaste, and deodorants are enhancing their appearance with a shine, which sets them apart from other options on the consumer shelf.
Ever wonder what gives your eyeshadow or lipstick that pearly shimmer? It's often thanks to pearl pigments, which are tiny mica flakes coated with titanium dioxide. To get those rich, consistent colors we love – especially for different skin tones – manufacturers use black titanium dioxide when making these pigments for cosmetics. This process, however, is leading to increased production of titanium oxychloride. And speaking of cosmetics, did you know South Korea is a beauty powerhouse? The International Trade Administration (ITA) says they're one of the top ten beauty markets worldwide, making up about 2.8% of global sales. Back in 2019, their market was estimated at a whopping USD 9.4 billion, with both local production and exports growing! Plus, with economies like China, India, and Brazil on the rise, incomes are increasing and lifestyles are changing. This means a huge surge in demand for all sorts of cosmetic and personal care goodies!
Titanium Oxychloride (CAS 92344-13-3) Market by Geography
North America
Europe
Asia Pacific
Rest of  World
Looking at things region by region, the global market for Titanium Oxychloride (CAS 92344-13-3) breaks down into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Right now, Asia Pacific is the big player in the titanium oxychloride game. Why? Well, people are becoming more aware and interested in how things look – like with cosmetics and paints – and that's driving growth. Plus, with more money to spend, folks are buying more paints and coatings, which helps the market grow even more. Speaking of big industries, the car industry in the United States is massive, making up about 3% of the country's GDP. Sure, production dipped to around 8.82 million vehicles in 2020 (a 19% drop from the year before), but there are still about 250 million cars, trucks, and buses on the road, mostly running on gasoline or diesel. But things are changing! To encourage folks to go electric, the government's offering some nice tax breaks.
Key Players
The Global Titanium Oxychloride (CAS 92344-13-3) Market is highly fragmented with the presence of a large number of players in the market. Some of the major companies include Merck KGaA, INEOS Pigments, KMML, Tronox, Kronos, and Aceto among others.
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
• A titanium manufacturing plant based on the new technology of Velta Holding US Inc., which owns a titanium mining and processing plant in Ukraine, will be built in the United Arab Emirates (UAE).
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2019-2030
BASE YEAR
2022
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2019-2021
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Merck KGaA, INEOS Pigments, KMML, Tronox, Kronos, and Aceto among others.
SEGMENTS COVERED
By Application and By Geography
CUSTOMIZATION SCOPE
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Reasons to Purchase this Report
We dig deep, using both numbers and insights to understand the market through segmentation, considering the whole picture – economics and beyond. You'll get the market value, down to the USD Billion, for every segment and sub-segment. We'll point out the region and segment we expect to see the fastest growth, and who's likely to be the top dog. Our geographical analysis highlights how the product/service is being used, and what's driving the market in each region. We also cover the competitive scene, ranking the major players and detailing their recent moves – new launches, partnerships, expansions, and acquisitions over the last five years. You'll get detailed company profiles, including overviews, insights, product comparisons, and SWOT analyses for the key companies. We'll give you our take on the industry's present and future, looking at recent events and growth opportunities, but also the challenges and roadblocks in both up-and-coming and established regions. We'll even break down the market with a Porter's five forces analysis, giving you a well-rounded view. We'll provide a look into the market using a Value Chain analysis. Finally, we'll explore the market's dynamics and future growth possibilities, and provide 6-month post sales analyst support.
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