Gold chloride, also called as auric chloride, is a chemical compound consisting of gold and chlorine. It has the molecular formula of Au2Cl6, with gold compound having an oxidation state of (+3). While this is a common oxidation state for gold compounds, there also exists another related chloride of gold, with an oxidation state of (+1).
Important properties of gold chloride include its solubility in water and ethanol, its hygroscopic nature, and its decomposition process in the presence of light or a temperature of more than 160 degree celcius. It is monoclinic in nature with a density of 3.9 g/mL at 25 degree celcius. These properties make gold chloride useful in several applications, ranging from medical and industrial to cosmetics.
The gold chloride market is primarily driven by its increasing variety of applications, especially as an industry catalyst. 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. This current lack of consistent supply of gold has been a major factor holding back the global gold chloride market.
The global gold chloride market can be segmented along the lines of form, application, end-user industry, and region.
In terms of form, the global gold chloride market can be classified 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.
Based on application, the gold chloride market can be 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.
In terms of end-user industry, the global gold chloride market can be segregated along the lines of 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 region, the global gold chloride market can be 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 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. Major companies operating in the gold chloride market include China Gold International Resources Corp. Ltd., AngloGold Ashanti, Freeport McMoRan Copper & Gold Inc., and Goldcorp Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.