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The organometallics market share is expected to increase by USD 3.73 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.7%.
This organometallics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers organometallics market segmentations by end-user (chemicals, textile, electronics, and pharmaceuticals) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The organometallics market report also offers information on several market vendors, including Albemarle Corp., American Elements, Blue Line Corp., Coastal Chemical Co. LLC, GFS Chemicals Inc., HOS Technik Vertriebs und Produktions GmbH, Hydrite Chemical Co., Hydro One Beverages, Matrix (Guangzhou) Metamaterials Co. Ltd., Noah Chemicals INC., Nouryon Chemicals Holding BV, Reaxis Inc., Strem Chemicals Inc., Thermo Fisher Scientific Inc., Tulip Chemicals Pvt. Ltd., and Univar Solutions Inc. among others.
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The rising rate of industrialization in emerging economies is notably driving the organometallics market growth, although factors such as stringent regulations and policies may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the organometallics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Organometallics Market Driver
The rising rate of industrialization in emerging economies is one of the key drivers supporting the organometallics market growth. Catalysts are used in various industries, including textile, chemicals, electronics, and pharmaceuticals. The growth of the market in focus is highly influenced by the increasing rate of industrialization across the world, especially in emerging economies. APAC comprises emerging economies such as India, China, Indonesia, Malaysia, and Thailand, which are growing at a significant rate in terms of development and economic prosperity. China has become the most preferred hub of many manufacturers, especially electronics manufacturers. Moreover, the economies of these countries are receiving enormous foreign direct investments, which would positively trigger economic growth during the forecast period.
Key Organometallics Market Trend
Growing demand for catalysts is one of the key organometallics market trends that is contributing to the market growth. Catalysts such as organocatalysts are being increasingly used in chemical synthesis processes in a wide range of applications, such as pharmaceuticals, electronics, textiles, and chemicals. Furthermore, an increase in consumer spending capacity and the rising awareness of ecological sustainability is expected to boost the demand for catalysts during the forecast period. Moreover, the use of enzymes in the production of medicines is rising in emerging countries such as India and China. In addition, the rise in biofuel production, along with the advancement in catalyst technology, is expected to result in the stable growth of the global catalyst market during the forecast period.
Key Organometallics Market Challenge
Stringent regulations and policies is one of the factors hindering the organometallics market growth. Stringent regulations by the US Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) on the volatile organic compound (VOC) content of specialty chemicals, such as catalysts used in paints and coatings, adhesives, and sealants, are a significant challenge to the growth of the global catalyst market. For instance, in August 2013, the Massachusetts Department of Environmental Protection imposed strict guidelines on VOCs for adhesives and sealants. Regulation 310 CMR 7.18(30) in the US provides a VOC limit for adhesives, including the chemicals used in industrial and commercial applications. Thus, such stringent regulations and policies on the use of chemicals are likely to hamper the growth of the global catalyst market during the forecast period.
This organometallics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global organometallics market as a part of the global commodity chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the organometallics market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the organometallics market encompasses successful business strategies deployed by the key vendors. The organometallics market is fragmented and the vendors are deploying growth strategies such as increasing their R&D investment to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The organometallics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the organometallics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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40% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for the organometallics market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The fast-growing electrical products industry will facilitate the organometallics market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 negatively impacted the growth of the market. However, with the initiation of vaccination drives, the economies of various countries in the region have been recovering, which will promote the growth of various end-user industries. This, in turn, is expected to stabilize the growth of the regional market during the forecast period.
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The organometallics market share growth by the chemicals segment will be significant during the forecast period. Organometallics are used in the production of agrochemicals which drives the growth of the market. Agrochemicals not only help to produce healthy crops but also ensure the safety of crops from pests. The growth of modern-day cultivation such as floriculture and horticulture, increasing literacy among farmers, and the rising awareness about the use of pesticides and fertilizers in major agriculture-focused countries are driving the growth of the agrochemicals segment. Therefore, agrochemicals play an important role in the agriculture industry as it assists farmers in enhancing their crop quantity and quality. Such factors are anticipated to drive market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the organometallics market size and actionable market insights on post COVID-19 impact on each segment.
Organometallics Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.7% |
Market growth 2022-2026 |
$ 3.73 billion |
Market structure |
Fragmented |
YoY growth (%) |
5.11 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 40% |
Key consumer countries |
US, China, India, Japan, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Albemarle Corp., American Elements, Blue Line Corp., Coastal Chemical Co. LLC, GFS Chemicals Inc., HOS Technik Vertriebs und Produktions GmbH, Hydrite Chemical Co., Hydro One Beverages, Matrix (Guangzhou) Metamaterials Co. Ltd., Noah Chemicals INC., Nouryon Chemicals Holding BV, Reaxis Inc., Strem Chemicals Inc., Thermo Fisher Scientific Inc., Tulip Chemicals Pvt. Ltd., and Univar Solutions Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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