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
Global Titanium Oxychloride (CAS 92344-13-3) Market Size By Application(pearlescent pigments, electronics, ceramics), By Geographic Scope And Forecast
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)?
Titanium oxychloride is an acidic liquid which is yellow in color and is a clear solution. It is also pronounced as an aqueous solution of titanium tetrachloride. Normally, titanium oxychloride is used in the production of catalysts and pearlescent pigments. It also helps in the production of mixed oxides. Titanium oxychloride is an inorganic compound. They form a part in the processing of the formation of titanium metal. Furthermore, it is a liquid which is very volatile. It is also used in film sets in a cloudy form, as when it comes in contact with humid air, a reaction occurs and thick clouds are formed of titanium dioxide and hydrochloric acid. The samples of titanium oxychloride can be yellow or even reddish-brown in color. It is a dense, colorless, distillable liquid.
Moreover, titanium oxychloride is used as an intermediary in the manufacturing of titanium dioxide, titanium metal, and others. On the contrary, titanium oxychloride plays a vital role in the ceramic industry. White and opaque glaze coatings are used in the ceramic tile business to form a substrate over which layers of serigraphy can be placed. Zircon or zirconia have traditionally been employed as opacity agents in industrial glazes for ceramic tiles, with the former being far more frequent due to its lower cost. However, even when vast amounts of zirconia are employed, the best results are not always attained. Therefore, titanium oxychloride is used as the most powerful white pigment known for a variety of applications in ceramics; its whiteness (and opacity) is owing to its ability to crystallize after cooling. As an opacifier, titanium oxychloride is utilized in glazes. By introducing crystallization, it can be used as an addition to brighten the color and texture of glazes.
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
dioxide. Moreover, Titanium oxychloride or Titanium tetrachloride is a colorless to pale yellow liquid that emits strong-smelling fumes. When it comes into contact with water, it produces hydrochloric acid and titanium compounds. Furthermore, titanium oxychloride is also used in many applications such as the production of catalysts and pearlescent pigments and as Ti precursors for manufacturing titanium dioxide and mixed oxides. The formation of titanium oxychloride is from a reaction between titanium chloride (TiCl4) and water. Titanium oxychloride is used for making titanium metal and other titanium-containing compounds, such as titanium dioxide, which is used as a white pigment in paints and other products and to produce 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.
Pearl pigments, which are made up of mica coated with a layer of titanium dioxide, are used in eyeshadows and lipstick. Black titanium dioxide is used to manufacture pearl pigments for cosmetic applications. This guarantees that they have a consistent color across all skin tones. As a result, certain factors are increasing the production of titanium oxychloride.As per The International Trade Administration (ITA), South Korea is one of the world’s top ten beauty markets, accounting for about 2.8% of global sales. The market was predicted to be worth USD 9.4 billion in 2019, with total domestic production and exports increasing by 4.9% and 4.2%, respectively, over the previous year.Moreover, the level of living in emerging economies such as China, India, and Brazil is improving as their GDP grows. The demand for cosmetic and personal care goods is increasing dramatically as a result of rising income levels and changing lifestyles spurred by urbanization.
Titanium Oxychloride (CAS 92344-13-3) Market by Geography
North America
Europe
Asia Pacific
Rest of  World
On the basis of regional analysis, the Global Titanium Oxychloride (CAS 92344-13-3) Market is classified into North America, Europe, Asia Pacific, Middle east and Africa, and Latin America. The region of Asia Pacific holds the largest share in the titanium oxychloride industry. Increased consumer understanding and awareness about the aesthetic of various products such as cosmetics and paints has resulted in significant growth. Increased personal disposable income, combined with other significant application considerations, has resulted in a larger customer base for the consumption of paints and coatings, which is likely to promote market expansion.The automobile industry in the United States is one of the largest in the world, accounting for at least 3% of the country’s overall gross domestic product (GDP). In 2020, the country produced around 8.82 million automobiles, a 19 percent decrease from the previous year. The majority of the 250 million automobiles, trucks, and buses on the road in the United States were powered by internal combustion engines that ran on gasoline or diesel fuel as of June 2020. The government has granted a range of tax advantages to encourage individuals to acquire electric automobiles as their popularity has grown.
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
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support
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