Global Titanium(Iv) Chloride Market was cherished at 8614.7 Million USD in 2020 and is now estimated to explode at 11,450 million USD by the year 2026 with a CAGR of 4.1%

November 11, 2021, New York, USA -

Growth Analysis: The Global Titanium(Iv) Chloride Market was cherished at 8614.7 Million USD in 2020 and is now estimated to explode at 11,450 million USD by the year 2026 with a CAGR of 4.1%.

Introduction:

Titanium(Iv) Chloride is inorganic compound that means a chemical compound that lacks carbon-hydrogen bonds with a chemical formulae TiCl₄. It is a vital component used in production of titanium metal and the pigment titanium dioxide. TiCl₄ is a volatile fluid and on contact with air it structures fantastic dark billows of titanium dioxide TiO2 and hydrated hydrogen chloride in a gaseous form.

TiCl₄ or what is it called as tickle 4 due its phonetic resemblance to its molecular formulae, is a dense and colourless refine liquid, though the primitive specimen might be yellow or red-brown in colour.  This is one of the rare transitional metal halides that is a binary compound of a halogen with another element or group which is in liquid state at room temperature this particular property of the TiCl₄ reflects that the molecules weakly self-associate. Most metal chlorides are polymers hence chlorides particles are bond between the metals. The melting and boiling points are same to that of Carbon tetrachloride. TiCl₄ is manufactured by the chloride process means a method to separate the titanium from the ores to get highly pure titanium dioxide.

TiCl₄ is utilized to make titanium metal and other titanium containing mixtures like titanium dioxide, which used as white pigments in paints.

Titanium tetrachloride is chiefly used in chemical industry in production of titanium dioxide and titanium metal in the form of sponge or powder additionally used to manufacture catalysts and as a glass and metal surface treatment and because of its hazardous property it is handled under strictly controlled conditions. The TiCl₄ is primarily used in chemical industry in production of titanium dioxide, in actual fact most of the market share of titanium tetrachloride is held by manufacturers who deal into chlorine process. Throughout chlorine process titanium tetrachloride is present in the form of an intermediate.

Scope of the market

The global market for TiCl₄ was appreciated at 8614.7 million US dollar and the experts of market believe it to grow at a CAGR of 4.1% stretching it 11450 million US dollar by 2026. The scope of market stretches from North & South America to Africa, Asia Pacific and Middle East.

The Global Titanium(Iv) Chloride Market is segmented on the basis of product type, region, and application.

Based on the product the Titanium(Iv) Chloride market divided into High Titanium Slag type, Rutile and other. The High Titanium Slag type market dominated the later one.

Based on  the region market is divided into

• North & South America (United States, Canada and Mexico, Brazil, Argentina, Columbia etc.,)
• Asia Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
• Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
• Africa and Middle East (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

On the Basis of the End Users or Applications market is further segregated into Catalysts and others.

Some of the markets top manufactures are listed below:

• Chemours
• CRISTAL
• Kronos
• Tronox
• Huntsman
• Ishihara
• TOHO TITANIUM
• OSAKA Titanium Technologies
• Ansteel
• Xinmao Titanium
• Xiantao Zhongxing Electronic Materials
• Yunnan Xinli Non-Ferrous Metals
• HUAXING TITANIUM AND ZIRCONIUM
• Henan Longxing Titanium
• Haihua Industry Group
• Cangzhou Heli Chemicals

Key driving factors of the market

The rising use of titanium(Iv) chloride in catalysts is the driving force of the Titanium(Iv) Chloride market.

Covid- 19 impact

The recent covid-19 virus has had a tremendous impact on the Titanium(Iv) Chloride market on account of consecutive lockdowns in entire country resulting in disruptions in import and export activities. This directly affected the production and supply due to market disruption affecting the finances.