Global Gold Chloride Market: Industry Applications on the Rise

San Francisco, California, August 08, 2017: TMR Research speaks on the growth drivers and opportunities likely to be experienced by the manufacturers of gold chloride over the coming years, in “Gold Chloride Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.” Gold chloride, or auric chloride, is a collection of salts that use chlorine and gold atoms. It is a commonly used salt in several industry verticals and is a starting point for the production of numerous other compounds of gold. One of the more common gold compound applications is as a catalyst in the alkylation of aromatics and the conversion of furans. This has made gold chloride quite popular among organic chemists on a global scale.

One of the primary factors driving the global gold chloride market at the moment is the growing number of applications of it in the medical industries. The usage rate of gold chloride for purposes such as gold purification, especially in industries such as electronics, industrial catalysts, medicines, and cosmetics is expected to continue fueling the global gold chloride market over the coming years. Furthermore, the applications of gold chloride are expected to expand even more over the coming years, thanks to the developments in nanotechnology and the massive applications of gold chloride in this field.

The global gold chloride market is, however, currently restrained by factors such as the inconsistent supply of gold to gold chloride manufacturers, due to the rare nature of the metal and its massive scale of applications in other markets.

From a regional perspective, Europe and North America have been leading the global gold chloride market over the recent past. North America’s leading share in the market has been attributed to the higher expenditure on the market by industries ranging from pharmaceuticals and medical, to chemicals and materials. The demand for gold chloride is expected to growth even further in North America over the coming years. Meanwhile, Asia Pacific is expected to show a massive surge in the demand for gold chloride, thanks to the high rate of industrial growth in this region. With the rise of several industry verticals in China and India, especially in medical and pharmaceutical fields, the demand for gold chloride in Asia Pacific is expected to skyrocket in the immediate future.

The leading players in the global gold chloride market in the recent years, have included Harmony Gold Mining Company Ltd., New Gold Inc., Newmont Mining Corporation, Newcrest Mining Ltd., Barrick Gold, China Gold International Resources Corp. Ltd., Gold Fields Ltd., Freeport McMoRan Copper and Gold Inc., Goldcorp, and AngloGold Ashanti.

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