Global High-purity Organometallics Market: Overview
High-purity organometallics are organometallics that are highly pure and that are widely used as catalysts or reagents in various commercial chemical reactions. High-purity organometallics contain metals and organic ligands and they form a complex organometallic framework. They are class of chemical compounds containing one or more metal atoms bonded directly to one or more carbon atoms. They are volatile in nature and they are soluble in organic solvents. High-purity organometallics have superior electric and magnetic properties. Commercially, they are available in both liquid and solid forms. High-purity organometallics are primarily used in electronics applications. In the pharmaceutical and industrial applications, they are used as chemical catalysts or reagents. Commonly used high-purity organometallics include high-purity organoaluminum, high-purity organomagnesium, and high-purity organolithium. High purity organometallics influence the speed and characteristics of chemical reactions
Global High-purity Organometallics Market: Drivers and Restraints
Rising demand for advanced organometallics in electronics applications is considered a key factor driving the global high-purity organometallics market. Demand for high-purity organometallics in the chemical industry is also on the rise. High-purity organometallics are used primarily as catalysts in the synthesis of polymers such as polypropylene, polyethylene, and several other elastomers. High-purity organometallics can be used as catalysts in the oligomerization process and gasoline production. In the pharmaceutical industry, organometallics are used as catalysts in the production of polybutadiene elastomer and for the synthesis of pharmaceuticals. Rapid growth and maturation of LED and solar cell industries have led to high demand for high-purity organometallics for use in metal organic chemical vapor deposition and other thin-film applications. The highly attractive plastics industry in developing economies, such as Asia Pacific and Latin America, is anticipated to offer lucrative opportunities to the high-purity organometallics market in these regions in the next few years.
In terms of product, the high-purity organometallics market can be classified into high-purity organotin, high-purity organoaluminum, high-purity organomagnesium, and high-purity organolithium. High-purity organotin is highly consumed in the global organometallic industry. Based on application, the market for high-purity organometallics can be segmented into electronics, transportation, pharmaceutical, chemical, industrial, and others.
Global High-purity Organometallics Market: Regional Analysis
Geographically, the global high-purity organometallics market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific holds a significant share of the global market. Rise in population, increase in the demand from electronics and semiconductor industries, and technological advancements are projected to boost the market in Asia Pacific during the forecast period. Growth of the consumer electronics industry in China and India is likely to offer lucrative opportunities to the high-purity organometallics market in Asia Pacific between 2019 and 2027. Demand for high-purity organometallics from the industrial sector in Europe led by its ability to act as a catalyst is driving the market in the region. The market for high-purity organometallics in North America is driven by increase in the demand for use in highly advanced semiconductor applications in the region. The high-purity organometallics market in Latin America and Middle East & Africa is estimated to expand at a significant pace during the forecast period, owing to the recent economic growth in these regions. Increasing demand for high-purity organometallics from electronics and pharmaceutical industries in Middle East & Africa is likely to drive the market in the region during the forecast period.
Global High-purity Organometallics Market: Key Players
Key players operating in the global high-purity organometallics market include Azelis, Dow-DuPont, Albemarle Corporation, and LANXESS.
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