Market Overview:
Metal organic compounds are soluble chemical compounds that contains
organic ligands to form a complex organometallic framework. They possess both
electrical and magnetic properties which is found extensively in numerous
application such as semiconductors, LED, solar cells, LASER and others. With
rapidly growing digitalization and thereby increasing the demand of portable
electronics devices, the demand for high purity metal organic is expected to
grow. The penetration of mobile phones in developing and under developed
countries is set to drive the demand of semiconductors. As a result the overall
high purity metal organics market is expected to grow at higher CAGR throughout
the forecast period. In addition to this, the campaign for conservation of
energy spreading around the world, which is anticipated to push the demand of
LED lights. Apart from this the, signboards and digital advertising boards are
driving the demand of LED’s. The metal organics find their applications in
chemical industry as a catalysts and reagents.
Increasing demand of high performance polymeric material for diverse
application is the major factor responsible for demand of metal organic
compounds as a catalysts for polymerization reaction. Moreover, the demand of
solar cells is increasing year on year with growing energy needs, which is
stipulated to be met by renewable source. Furthermore the immense uses of LASER
is projected to grow over the forecast period.
Competitive Analysis:
·
Azelis
Electronics
·
The Dow
Chemical Company
·
Sigma-Aldrich
Co. LLC
·
Akzo Nobel
N.V
·
American
Elements
·
Triveni
Chemicals
·
Evans Fine
Chem.
·
Albemarle
Corporation
The study was conducted using objective combination of primary and
secondary information including inputs from key participants in the industry. The
report contains comprehensive market and vendor landscape in addition to SWOT
analysis of key vendors.
Market segmentation:
The global High Purity Metal Organics Market is segmented on the basis of type,
application, and region. Based on type the market divided into trimethyl
aluminum (TMA), trimethyl gallium (TMGa), dimethyl zinc, and ferrocene, and
others. Among them the demand of trimethyl aluminium for making semiconductors
is projected to fuel the growth of global high purity metal organics market.
Apart from that TMA is majorly used as a precursor in metal organic chemical
vapor deposition (MOCVD) for making a thin polycrystalline films to be used in
electronic devices. After TMA, TMGa is an important metal organic compound
which is used mainly in production of LED. In addition to this, TMGa is used in
many optoelectronic devices such as camera, photodiodes, and transistors. The
use of LED lights can be seen in diverse applications such as signboards,
traffic signals, notice boards, and household lighting, which is expected to
grow continuously in coming years. Collectively, the rise of IT industry,
growing power generation and energy conservation needs are the drivers in the
global high purity metals organics market.
On the basis of applications the global high purity metal organics
market segmented into semiconductors, LED, catalyst, reagent, solar cells,
LASER, and others, wherein semiconductors is the leading segment owing to the
demand from growing telecommunication sector. The number of people using mobile
phones is steadily increasing. Developing countries are taking up digitization
on mission mode to reach the masses through e-governance. This would further
pave a way for mobile phones and other portable electronic devices, which is
projected to pull maximum demand of metal organic compounds. After
semiconductors, LED is a significant segment which is growing steadily since
its advent. LED has been successfully penetrated into various industrial and
household applications. The world is on the verge of witnessing a massive power
shortage. This concern attracted the attention of world and campaign for energy
conservation. As a result the use of LED lights is an obvious choice adapted by
people. In coming years the use of LED is anticipated to propel growth of
global high purity metal organic compounds. Apart from energy conservation,
power generation with minimum carbon footprint is the major challenge in the
market. The solar energy is emerged as an optimum solution and most preferred
form of renewable energy, which is projected to propel growth of the global
high purity metal organics. In addition to that, increasing uses of LASER is
also a substantial factor in favor of global high purity metal organics market.
Regional Analysis:
Asia Pacific, North America, and Europe are the major regions in the
global high purity metal organics. Other regions are Latin America and Middle
East & Africa. Asia Pacific is estimated to be the fastest growing market.
It accounts for 40% of the shares of global high purity metal organics market.
The policies adopted by the governments of the countries namely India, China,
and Taiwan in favor of power generation and energy conservation may push the
growth of regional high purity metal organics market. North America is closely
following Asia Pacific in terms of market size held by this region. U.S. and
Canada are the major contributors to the regional market owing the presence of
many key players and end use industries. Europe is also a substantial region in
the global high purity metal organics market. Use of LED for diverse
application, especially for advertisements and signboards is an important
driver of growth of the market in this region. Other significant regions in the
global high purity metal organics are Latin America and Middle East &
Africa, in which Latin America is anticipated grow at comparatively higher CAGR
due to increasing end use industries in Brazil and Argentina. Middle East &
Africa is estimated to gain the momentum during the forecast period on account
of high solar power generation.
COVID-19 Outbreak Impact on Renewable Chemicals Market@ https://www.marketresearchfuture.com/report/covid-19-impact-renewable-chemicals-market
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