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.
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Competitive Analysis:
Key players in the
global high purity metal organics market 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.) and others
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.
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