Organometallics Market - Forecasts from 2021 to 2026

The global organometallics market is expected to grow at a compound annual growth rate of 3.92% over the forecast period to reach a market size of US$12,032.34 million in 2026 from US$9,193.834 million in 2019.

Organometallics are generally used in the form of catalysts to increase the speed of chemical reactions such as large-scale manufacture of carbon monoxide, acetic acid, alkali derived polymers, acetaldehydes and ethylene that have a numerous variety of applications. Organometallic compounds contain a carbon atom bonded with a metal. These compounds are formed by reacting a metal with highly reactive hydrocarbons including alkaline, transition metals and alkaline earth. It also includes metalloids like silicon, boron and tin. These compounds have low melting point which are insoluble in water but soluble in organic compounds like ether and other solvents. These compounds are widely used as catalyst in the bulk production of several chemical compounds including acetic acid, acetaldehydes and ethylene. Organometallic compounds of lithium and magnesium are the most versatile organic reagents. Common properties of organometallic compounds are insolubility in water, low melting point, solubility in solvents and ether, toxicity, high reactivity, and oxidizability. Organometallic reagents are often used in organic synthesis and can be employed in various applications. These include halogen-metal exchange and deprotonation. Organometallic compounds are used extensively in the following end user industries: agrochemical, electronics, pharmaceutical, and personal care. The global organometallic compounds market is expected to expand at a rapid rate during the forecast period due to increasing use of these compounds in end-user applications such as catalytic processes employed in the chemical industry.

Organometallic compound like metal carbonyl complexes are utilized as catalyst in Monsanto process and Cativa process for bulk production of acetic acid thereby driving the organometallics market demand. Organometallic compounds like alkyl, aryl, or vinyl-magnesium halides also known as Grignard reagent are added to ketone or aldehyde to form alcohols. Rising demand of alcohols owing to increasing consumption of alcoholic beverages and increasing industrial application may drive the product demand. Increasing applications of polymers in lubricants, consumer goods, packaging and textile industries is the key factor which may boost overall market growth. Industrial processes which include alkene derived polymers such as polypropylene and polyethylene requires these compounds as catalyst which may foster organometallics market growth. Rising demand for consumer electronics products due to rising e-commerce market is the vital factor accelerating the market growth, also rising consumption in major emerging markets, rising demand for these compounds from numerous chemical companies and increasing demand for organometallics from organic compounds synthesis industry are the major factors among others driving the organometallics market. Moreover, advent of new technology like IOT devices and artificial intelligence will further create new opportunities for the organometallics market in the forecast period

However, rising environmental concern and hiking demand for eco-friendly polymer substitute like starch-based polymers due to adverse environmental effects of polymers may act as a restraint to the market growth.

The organometallics market is segmented on the basis of end user industry, type and geography.

• On the basis of End User Industry, the global organometallics market can be segmented into agriculture, electronics, automotive, pharmaceuticals and others.
• On the basis of Type, the global organometallics market can be segmented into organotins, organolithiums, organoaluminiums, organozinc and others.
• On the basis of Geography, the global organometallics market can be segmented into North America, South America, Europe, Middle East and Africa and Asia Pacific.

Impact of COVID - 19

The COVID - 19 pandemic is expected to have a positive impact on the market due to the use of organometallics in the pharmaceutical industry. Organometallic complexes are highly basic, reducing agents which serve as catalyst by catalyzing many polymerization reactions and clinically used to treat cell and tissues injuries (carcinomas, lymphomas, infection control, anti-inflammatory, diabetes, etc.

Segmentation:

By End User Industry

• Agriculture
• Electronics
• Automotive
• Pharmaceuticals
• Others

By Type

• Organotins
• Organolithiums
• Organoaluminiums
• Organozinc
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• United Kingdom
• France
• Others
• Middle East and Africa
• Saudi Arabia
• South Africa
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Others