The global ruthenium chloride market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors driving market revenue growth are rising investments in research and development activities by companies to develop innovative products, rapid rise in chemical industry, and supportive government initiatives to promote industrial operations by providing facilities such as tax rebates.
Advent of modern technology in the chemical engineering sector has brought forward enormous changes in the way a chemical substance is managed and manufactured for individuals handling the compound on a regular basis. Ruthenium(III) chloride with the chemical formula RuCl3 can be defined as hydrate RuCl3·xH2O. It is readily available as dark brown or black solid in the form of anhydrous and hydrate ruthenium chloride. The hydrate variety approximates to a trihydrate in the proportion of water of crystallization and is commonly used as a starting agent for ruthenium chemistry. Anhydrous ruthenium chloride is prepared by heating ruthenium metal with chlorine in the presence of carbon monoxide during chlorination. Increasing usage across various end-use industries, coupled with rising demand for advanced chemical compounds, is expected to positively impact growth of the market going ahead.
Top Companies Operating in the Global Ruthenium Chloride Market:
- Gusu Titanium Electrode Material
- Shanghai Longjin
- Tanaka
- Nanjing Dongrui
- Kunming Boren
- Shanghai Jiuling
- Sino-Platium
- Johnson Matthey
- Furuya Metal
- Jiangxi Hanshi
- Longgang Youse
- Suzhou Jinwo
- Shanghai July
- Shanxi Kaida
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Ruthenium Chloride market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Ruthenium Chloride market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Ruthenium Chloride market key players
3.2 Global Ruthenium Chloride size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Ruthenium Chloride market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Ruthenium Chloride Market Segmentation
Product Type Outlook (Revenue, USD Billion; 2018 – 2028)
- Anhydrous Ruthenium Chloride
- Hydrate Ruthenium Chloride
End-Use Outlook (Revenue, USD Billion; 2018 – 2028)
- Electronics
- Chemical Industry
- Others
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