Global High Purity Metal Organics Market By Type (Trimethyl Aluminum, Trimethyl Gallium, Dimethyl Zinc, and Ferrocene, others), By Applications (Semiconductors, LED, Solar Cells Catalyst, Reagent, LASER, and others), By Region Till 2023
Pune, India -- (SBWIRE) -- 09/21/2017 -- 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.
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. Apart from that organometallic compounds are widely used in various commercial chemical reactions as a catalyst or reagents. 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.
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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.
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.
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Akzo Nobel N.V. (Netherlands), Zircotec Ltd. (U.K.), BASF SE (Germany), PPG Industries, Inc. (U.S.), IHI Ionbond AG (Switzerland), The Sherwin-Williams Company (U.S.), Henkel AG & Company KGaA (Germany), Mankiewicz Gebr. & Co. (Germany), BryCoat Inc. (U.S.) and Argosy International Inc. (U.S.) are some of the leading players operating in this market.
Key Points from Table of Contents:
11. Company Profiles
11.1 Azelis Electronics
11.1.1 Company Overview
11.1.2 Product/Business Segment Overview
11.1.3 Financial Updates
11.1.4 Key Developments
11.2 The Dow Chemical Company
11.2.1 Company Overview
11.2.2 Product/Business Segment Overview
11.2.3 Financial Updates
11.2.4 Key Developments
11.3 Sigma-Aldrich Co. LLC
11.3.1 Company Overview
11.3.2 Product/Business Segment Overview
11.3.3 Financial Updates
11.3.4 Key Developments
11.4 Akzo Nobel N.V
11.4.1 Company Overview
11.4.2 Product/Business Segment Overview
11.4.3 Financial Updates
11.4.4 Key Developments
11.5 American Elements
11.5.1 Company Overview
11.5.2 Product/Business Segment Overview
11.5.3 Financial Updates
11.5.4 Key Developments
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