Global Organometallic Market Dominated by Asia Pacific Region
Introduction
Organometallics are the compounds that
contain the metal-carbon bond, R-M. These compounds provide a source of
nucleophilic carbon atoms, which react with electrophilic carbon to form a
carbon-carbon bond. These are widely used in research and industrial chemical
reactions, as well as to increase the rate of reactions. Organometallics have a
wide range of applications ranging from medicine to agriculture. For example, it
is used as an anticancer drug in the form of medicine, whereby it initiates
cytotoxic activity towards the cancer cell and thus control metastases. In
agriculture, it used in herbicides and fungicides for crop protection. It is
also used in the electronics and automotive sectors.
Drivers
and restraints of Global Organometallic Market
Rising applications of organometallic
compounds such as stoichiometric and catalytic processes across different
end-use industries are driving the global
organometallic market growth. An increase in chemical manufacturing is
significantly boosting the demand for organometallics as they accelerate the
speed of chemical reactions, thus making the chemical synthesis more efficient.
Furthermore, the rising awareness about clean and renewable energy is also
growing the global organometallic market
due to its application in metal-organic chemical vapor deposition and
other thin-film applications. However, the availability of substitutes and the
fluctuating prices of raw materials is a constraint for the growth of the
market.
Market
Segmentation
According to market research of Knowledge Sourcing Intelligence, the
organometallics market has been segmented based on type, end-user, and
geography. By type, the market has been segmented into organotins,
organolithiums, organoaluminium, organozinc, and others. By end-users, the
market has been segmented into agriculture, electronics, automotive,
pharmaceuticals, and others. Agriculture market segmentation is expected to
have a significant market share owing to its use in herbicides and fungicides
for crop protection. The pharmaceutical segment is expected to grow at a rapid
pace on account of increasing cancer patients along with its use in the
treatment of cancer.
By geography, the market has been segmented
as North America, South America, Europe, Middle East and Africa, and The Asia
Pacific. The Asia Pacific region is expected to have a significant market share
of the global organometallic market
share and is also expected to witness considerable market growth. The
market growth is projected owing to growing end-use industries including
textile, automotive, and agriculture. It is also growing due to the presence of
a large number of organometallic catalysts manufacturers due to the presence of
cheap labor and inexpensive land.
The global organometallic market is fragmented with hundreds of manufacturers. The players
are expanding globally to mirror their customers’ requirements. As a result,
they are increasingly integrating with other players. The key players include American
Elements, Lanxess, Albany Molecular Research Inc. (AMRI), Albemarle
Corporation, and Merck KGaA among others.
Key
Questions Answered in This Report:
·
What are the key regions having
a significant market share of the market?
·
What are the drivers and
restraints of the market?
·
Who are the key market players
in the market?
·
What is market segmentation of
the global organometallic market?
·
Who are the end-users of the
global organometallic market?
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