A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Chromium
Chloride
Market. The
study, titled “Chromium
Chloride (III) Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Chromium
chloride typically finds use as a catalyst and as a precursor to dyes
for wool. The major applications of chromium chloride mainly include
dyestuffs, organic synthesis and as a precursor to organochromium
complexes. Chromium(III) chloride comprise various compounds of
having the formula CrCl3(H2O)x in which x can be 0, 5 or 6. The
anhydrous compound with the formula CrCl3 is a violet solid. The most
common form of the trichloride is the dark green hexahydrate.
Chromium chloride is generally used as a precursor to several
inorganic compounds of chromium, for instance, bis(benzene)chromium
which is analogue of ferrocene. Phosphine complexes which are derived
from chromium chloride catalyses the trimerization of ethylene to
1-hexene. Moreover, chromium chloride is used in organic synthesis in
which chromium(III) chloride is used for the in situ production of
chromium(II) chloride which is a popular reagent for the reduction of
alkyl halides and also for the synthesis of (E)-alkenyl halides.
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Market Research Report @
This
chemical reaction is generally performed by using two moles of
chromium chloride per mole of lithium aluminum hydride, even though
if aqueous acidic conditions are suitable zinc and hydrochloric acid
might be sufficient. Chromium(III) chloride is also utilized as a
Lewis acid in various organic reactions, for instance, for catalyzing
the nitroso Diels-Alder reaction. Dyestuff is also a major
application of chromium chloride. A wide variety of
chromium-containing dyes are broadly used for commercial applications
of wool. Major types of dyes produced from chromium chloride are
triarylmethanes which consists of ortho-hydroxylbenzoic acid
derivatives. The growing demand for chromium chloride in all such
applications is expected to drive the global chromium chloride market
in the next few years.
Asia
Pacific is expected to be the fastest growing market for chromium
chloride in the next few years. The main reason for this is the
growing demand for chromium chloride from developing nations such as
China, India, Indonesia and Thailand. Also, the countries in the
regions such as Africa, South America and the Middle East are showing
rapid economic growth since the last few years. These nations
typically include South Africa, Brazil, Jordan, Nigeria, Egypt, Saudi
Arabia, Qatar, Israel and Kuwait. Additionally, the U.S. and European
countries are slowly recovering from the economic deceleration. All
these factors are creating a positive outlook for the global
industrial dynamics. Considering this positive outlook, the
industries such as dyes and pigments are anticipated to record an
astonishing growth in the next few years. Moreover, there is a
enormous market potential for the different types of dyes in the
developing countries such as China, India and Brazil. The increasing
demand for various types of dyes in the industries such as home
textiles, apparels and geo-textiles across different geographies of
the world, especially in the developing countries, is expected to
drive the global dyestuff market in the next six years. This will
eventually result in an increase in the demand for chromium chloride
in the next few years. The major players operating in the chromium
chloride market are largely focusing on the developing countries for
tapping their massive market potential. The major companies operating
in the chromium chloride market are installing huge production
facilities in these developing countries to fulfill the swiftly
growing local demand for chromium chloride. Therefore, the global
chromium chloride market is expected to witness a notable growth in
the next six years.
Get
accurate market forecast and analysis on the Chromium Chloride
market. Request a sample to stay abreast on the key trends impacting
this market@
American
Elements and OXKEM are the major producers of chromium chloride.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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Us
Transparency
Market Research (TMR) is a market intelligence company, providing
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of quantitative forecasting and trends analysis provides
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and analyze information.
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data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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