PUBLISHER: The Business Research Company | PRODUCT CODE: 1532032
PUBLISHER: The Business Research Company | PRODUCT CODE: 1532032
Organometallics are a category of chemical compounds characterized by at least one covalent bond between a carbon atom and a metal atom. This class of compounds plays a crucial role in modern chemistry, offering distinctive reactivity and facilitating diverse applications in both industrial and academic domains.
The primary types of organometallics encompass organosilicon, organoboron, organogallium, organopalladium, organolithium, organoberyllium, organomagnesium, and other variants. Organosilicon compounds specifically feature carbon-silicon bonds, encompassing silanes, silicones, and various derivatives where silicon atoms are directly bonded to carbon atoms within organic groups. These compounds find wide-ranging applications in organic synthesis, metal purification, and across numerous industries such as healthcare, pharmaceuticals, electronics, chemicals, textiles, metallurgy, and others.
The organometallics market research report is one of a series of new reports from The Business Research Company that provides organometallics market statistics, including organometallics industry global market size, regional shares, competitors with an organometallics market share, detailed organometallics market segments, market trends and opportunities, and any further data you may need to thrive in the organometallics industry. This organometallics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The organometallics market size has grown strongly in recent years. It will grow from $2.80 billion in 2023 to $2.98 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. During the historic period, growth can be credited to increased research and development activities in universities and research institutions, expansion of the automotive industry, stricter environmental regulations, advancements in new materials, and the development of Ziegler-Natta catalysts.
The organometallics market size is expected to see strong growth in the next few years. It will grow to $2.85 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period is expected due to rising demand for organometallic compounds in drug synthesis, expanding applications of organometallics in semiconductor and electronic component production, growth in the electronics and semiconductor industry, use of organometallics in the synthesis of agrochemicals and fertilizers, and favorable regulatory frameworks. Major trends anticipated in the forecast period include integration of nanotechnology, increased adoption of computational models and high-throughput screening, innovations focusing on environmentally friendly organometallic processes, and advancements in catalysis techniques.
The anticipated growth of the organometallics market is closely linked to the expanding pharmaceutical industry. This sector encompasses activities such as research, development, production, and distribution of medications and health-related products. Key factors driving the pharmaceutical industry's expansion include advancements in medical research and technology, a globally aging population, increased incidence of chronic diseases, higher healthcare spending, and improved healthcare accessibility in developing regions. Organometallic chemistry plays a crucial role in pharmaceutical R&D by providing essential tools and methodologies for synthesizing intricate molecules, discovering new drug candidates, and developing advanced drug delivery systems. For instance, in May 2023, Europe's pharmaceutical production surged from €323 billion ($349 billion) in 2021 to €340 billion ($367 billion) in 2022, highlighting the industry's growth and its consequential impact on the organometallics market.
Key players in the organometallics market are strategically expanding their production capacities, specifically in organometallics manufacturing facilities, to gain competitive advantages. These facilities are specialized sites designed for the synthesis, purification, and packaging of organometallic compounds. For example, in January 2023, American Elements, a US-based company specializing in advanced materials, expanded its production facilities for rare earth and less common metal organometallics. This expansion aims to meet rising demands for materials used as precursors in thin film deposition (such as CVD and MOCVD) and catalysts essential to the hydrocarbon and petrochemical industries. The newly enhanced facility is capable of monthly deliveries of several metric tons of high-purity compounds, significantly bolstering American Elements' production capabilities across various compounds, including lanthanum and cerium 2-ethylhexanoate, and hafnium and zirconium acetylacetonate, areas where the company has long been a market leader.
In April 2021, Ascensus LLC, a US-based financial services firm, acquired Strem Chemicals Inc., a move aimed at strengthening its position in high-purity specialty chemicals, expanding its product portfolio, and leveraging Strem's expertise in organometallics, catalysts, ligands, and other advanced materials. Strem Chemicals Inc., also based in the US, is renowned for producing high-purity specialty chemicals, including organometallics.
Major companies operating in the organometallics market are Mitsui Chemicals Inc., BASF SE, Dow Inc., Umicore SA, Merck KGaA, Johnson Matthey PLC, Evonik Industries AG, Solvay SA, DuPont de Nemours Inc., Arkema Group, LANXESS AG, Wacker Chemie AG, GFS Chemicals Inc., Tosoh Corporation, Albemarle Corporation, Sigma-Aldrich Corporation, Curia Global Inc., Takasago International Corporation, TCI Chemicals, Strem Chemicals Inc., American Elements
Asia-Pacific was the largest region in the organometallics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the organometallics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the organometallics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The organometallics market consists of sales of organometallic compounds, catalysts, reagents, and intermediates. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Organometallics Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on organometallics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for organometallics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The organometallics market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.