Asia Pacific is the estimated to
be the fastest growing region among the others such as North America and
Europe. It accounts for 40% of share in the global High Purity Metal Organics
Market . China, India, Japan and Taiwan are the major contributors in the
regional market. Increasing demand of semiconductors for various electronics
devices, especially mobile phones in this region is an important factor
responsible for driving the growth of market. Indian government has initiated
many schemes on the lines of e-governance to facilitate easy delivery of
government programs to the doorstep of common people. This drive can stimulate
the buyers of mobile phones which in turn would add into the demand of metal
organic compounds. In addition to this, the national semiconductor policy of
government of India has proposed to increase the domestic production of
semiconductor, this can witness rise in the demand of metal organics from the
country.
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Moreover, the developing
countries in this region are increasingly focusing on the energy conservation
and power generation. Almost half of the countries in Asia Pacific, which are located
in the tropical belt are members to the International Solar Alliance (ISA). ISA
members are obliged to adopt various market measures to facilitate use and
deployment of solar energy among them. This would result in rise of demand of
metal organics for manufacturing solar cell, which is projected to grow even
further. Furthermore, for prevention of road accidents the digital sign boards
are gathering consent of authorities for their positioning along the roads.
Apart from this the use of LED’s for digital advertisements is increasing,
which is anticipated to fuel the growth of the regional High Purity Metal
Organics Market .
North America is the second
largest region in terms of market size. Along with Asia Pacific it accounts for
over 65% of shares of the global high purity metal organics. The major
contributors to the regional market are U.S. and Canada due to the huge demand
of LED’s in lighting and sign board applications. Apart from the developing
countries, U.S has also rapidly undertaken the measures to reduce its high
carbon emission by maximizing its production capacity in solar energy. As a
result, in coming years the demand of metal organics in this region is expected
to propel the growth of regional market. Europe is a substantial region in the
global high purity metal organics compound. The use of LED’s in lighting the
interior of automobile is an important factor favoring the demand of the
product in this region. The countries namely Germany, France, U.K. and Italy
are the major contributors owing to the established automobile industry in
these countries.
Apart from that the LASER finds
its major applications in sectors starting from counter circuits, theft
proofing, barcode reading, and metal cutting to entertainment. These trends are
anticipated to continue throughout the forecast period in growth of regional High
Purity Metal Organics Market . The other regions are Latin America and
Middle East & Africa. Among them Latin America is estimated to grow at
highest CAGR. The reason behind rapid growth market in Latin America is the
increasing end use industries and greater potential production in solar energy.
The major contributors are countries such as Brazil and Argentina. Lastly,
Middle East & Africa are projected to join hands with the leaders in the
global high purity metal organics owing to the huge potential for production of
solar energy.
Key Players:
Key players in the global high purity metal organics are Azelis Electronics
(France), The Dow Chemical Company (U.S.), Sigma-Aldrich Co. LLC (U.S.), Akzo
Nobel N.V (Netherlands), American Elements (U.S.), Triveni Chemicals (India),
Evans Fine Chem. (India), Albemarle Corporation (U.S.),
Segmentation:
The global high purity metal organics has been segmented on the basis of
type, applications, and region. Based on type the market is segemted into
trimethyl aluminum (TMA), trimethyl gallium (TMGa), dimethyl zinc, and
ferrocene, and others, wherein TMA is the leading the overall demand in high
purity metal organic compounds. On the basis of applications the global High
Purity Metal Organics Market is divided
into semiconductors, LED, catalyst, reagent, solar cells, LASER, and others.
Among them semiconductor is the leading segment pulling maximum demand of metal
organics compounds. Geographically, the market is segmented into Asia Pacific,
North America, Europe, Latin Americam, and Middle East & Africa.
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