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Potassium dichromate is a brightly colored and highly toxic inorganic chemical with a wide array of industrial applications. Its chemical formula is K2Cr2O7. It is found in crystalline solid powdered form which is orange in color. Potassium dichromate is used for preparing cleaning solutions for glassware and etching materials. It is employed extensively in leather tanning, cement, photographic processing, and wood staining applications. It can be used for the production of chrome alum, chromium oxide green, chrome yellow pigments, welding electrodes, and printing inks. Potassium dichromate can also be used in tanning agents, enamel coloring agents, and dyeing mordants. It is used as an oxidizing agent in many applications. Potassium dichromate is also used to prepare various products such as paints, glues, and waxes. It is produced in laboratories on a large scale by reacting potassium chloride (KCl) with sodium dichromate (Na2Cr2O7). Potassium dichromate is odorless and is readily soluble in water. It is also denser than water. Potassium dichromate is also obtained from its related compound, potassium chromate (K2CrO4), which reacts with acids to give the dichromate salt. It is a stable solid under normal conditions, but decomposes upon heating to give potassium chromate (K2CrO4) and chromic anhydride (CrO3). Potassium dichromate is highly corrosive and a strong oxidizing agent. It is widely used in wood preservatives, in the manufacture of pigments, and in photomechanical processes; however, it is primarily replaced by sodium dichromate for its applications.

Increase in demand for potassium dichromate in the building & construction industry owing to rapid industrialization and urbanization is one of the major factors propelling the potassium dichromate market. Rise in demand for potassium dichromate for usage in manufacture of cleaning agents is also augmenting the potassium dichromate market. Growth in demand for potassium dichromate in photography application, owing to its compatibility of being used as an oxidizing agent with strong mineral acid, is also propelling the potassium dichromate market. Wide applications of potassium dichromate in the leather industry due to its rising usage in leather tanning is further boosting the market.

Implementation of stringent government regulations on its usage coupled with chronic health hazards such as ulcerations, shortness of breath, bronchitis, pneumonia, lung cancer, genetic defects, asthma, and skin irritations on prolonged exposure to human beings is hampering the potassium dichromate market. Furthermore, various environmental hazards are associated with the usage of potassium dichromate. These include damage to aquatic life. Hence, certain regulations and clearances need to be implemented regarding the disposal of potassium dichromate. This is likely to restrain the potassium dichromate market.

Based on method of manufacturing, the potassium dichromate market can be segmented into industrially produced potassium dichromate and derived potassium dichromate. It is produced industrially by reacting potassium chloride (KCl) with sodium dichromate (Na2Cr2O7). It is also derived from its related compound, potassium chromate (K2CrO4), which reacts with acids to give dichromate salt.

In terms of end-use industrial application, the potassium dichromate market can be divided into building & construction industry, cleaning agents industry, photography industry, and leather industry.

Based on geography, the potassium dichromate market can be segregated into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Asia Pacific is a rapidly growing market for potassium dichromate owing to the expansion in the building & construction industry in the region. Asia Pacific is also the fastest growing region for cleaning agents, led by the rise in population in the region. Improvement in standard of living and growth in disposable income of consumers have contributed to the overall growth of the potassium dichromate market. Europe and North America follow Asia Pacific with similar trends of growth for the potassium dichromate market.

Key players operating in the potassium dichromate market include Yinhe Chemicals, Sing Horn, Zhenhua Chemical Company Limited, Anjirui Chemical, Tianyuan Technology, and Zhejiang Wansheng Chemical Company Limited. 

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
  • Europe
  • 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.

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Potassium Dichromate Market

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