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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. Exponential rise in demand of semiconductors in the world is the most important factor driving the growth of global high purity metal organics market. The LASER is being used in divers sectors and its applications can be found from a household to metal industries, which is projected to fuel the demand of high purity metal organics.Top Market 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.).
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High Purity Metal Organics Market - Definition:
Metal organic compounds are the chemical compounds that contain metals and organic ligands to form a complex organometallic framework. The metal organic compounds are volatile and soluble in organic solvents. Metal organic compounds have electrical and magnetic properties resembling those of metals. The metal organic compounds are available in both liquid as well solid forms in the market. Their application are majorly found in electronics.
The chemical properties, exhibited by metal organic compounds, such as highly basic and reducing agent are useful to catalyze many polymerization reactions. The organometallic compounds trimethyl aluminium and trimethyl gallium are used as precursor for making semiconductors. In addition to that the organometallic compounds are also used in metal organic chemical vapor deposition (MOCVD) method to create a complex semiconductor multilayer structure. The organic metal nanoparticles embedded in solar cell provide higher light scattering and absorption efficiency.
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.
Exponential rise in demand of semiconductors in the world is the most important factor driving the growth of global high purity metal organics market. The LASER is being used in divers sectors and its applications can be found from a household to metal industries, which is projected to fuel the demand of high purity metal organics. In addition to this, the trend of green energy with lower carbon footprint is gaining popularity all over the world.
Developing countries are rapidly taking up renewable energy projects to meet their energy needs. Solar energy is the most preferred among all forms of renewable energy. The rise in demand of solar energy is anticipated to push the growth of global high purity metal organics market. Moreover, the organometallic compounds are the obvious choice for many polymerization and other commercial chemical reactions. This would help drive the overall growth of high purity metal organics. However, the constraint in global high purity metal organics which are needed to be considered include toxicity of some organometallic compounds such as mercury and lead.
The remnants of the organic metal harm the natural habitat of community which may invite restrictions from environmental authority which would adversely impact the market of high purity metal organics. Furthermore, the existing production capacity is limited as compared to the demand of high purity metal organics which can result into rise in prices in near future. Nevertheless, many new players are focusing onto opportunity to invest in the high purity metal organics which is anticipated to relieve the price constraint during the forecast period.
Segmental Insights:
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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Intended audience:
High purity metal organics manufacturer
Traders and distributors of high purity metal organics
Research and development institutes
Potential investors
Raw material suppliers
National laboratory
Regional Insights:
The major regions in the global high purity metal organics are Asia Pacific, North America, and Europe. Other regions include Latin America and Middle East & Africa. Asia Pacific is the fastest growing market among the major regions. The presence of maximum number of end use industries in this region is an important factor in favor of high purity metal organics. Developing countries in this region namely, India, Taiwan, China, and Myanmar are steadily adapting the renewable energy production and conservation which is expected to witness rise in demand of high purity metal organic compounds.
In terms of market share, North America was leading the market till 2011 but later Asia Pacific surpass the demand. Yet, it is estimated that North America may follow Asia Pacific closely during the forecast period. The major contributors to the regional high purity metal organics market are U.S and Canada. The demand of organometallic compounds in this region is driven by use of LED in diverse applications.
Europe is the significant region in global high purity metal organics market. Western European countries use LED and semiconductors in various applications ranging from household to automobile & transportation, which is the main driver of growth in regional market. Other regions in the global high purity metal organics are Middle East & Africa and Latin America, wherein Latin America is projected to grow at slightly higher rate than Middle East & Africa owing to the rise of end use industries such as electronics and chemicals along with the growing demand of organometallic compounds from energy sector. Middle East & Africa is anticipated to join the stream with leaders in the global high purity metal organics due to the vast potential in renewable energy sector.
Contact Info:
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Organization: Market Research Future
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Release ID: 463085
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