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 Industry 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.
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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 Industry 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 Industry. 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 Industry.
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 Industry.
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 Industry. 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 Industry. 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.
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