Organometallics Market Analysis, Industry Size, Share, Key Players And Forecast To 2033

"The new report published by The Business Research Company, titled Organometallics Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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%. 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%.

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Pharmaceutical Industry Growth Propels Organometallics Market Expansion
The growing pharmaceutical industry is expected to propel the growth of the organometallics market going forward. The pharmaceutical industry is the economy sector involved in researching, developing, producing, and distributing medications and other health-related products. The growth of the pharmaceutical industry is due to advances in medical research and technology, an aging global population, increased prevalence of chronic diseases, rising healthcare expenditure, and expanding access to healthcare in developing regions. Organometallic chemistry offers valuable tools and strategies for pharmaceutical research and development, enabling the synthesis of complex molecules, the discovery of new drug candidates, and the development of advanced drug delivery systems. For instance, in May 2023, according to the European Federation of Pharmaceutical Industries and Associations, a Belgium-based trade association, Europe's pharmaceutical industry production increased from €323 billion ($349 billion) in 2021 to €340 billion ($367 billion) in 2022. Therefore, the growing pharmaceutical industry is driving the growth of the organometallics market.

Expansion Of Organometallics Production Facilities Driving Market Growth
Major companies operating in the organometallics market are focused on expanding production plants, such as organometallics production facilities, to gain a competitive edge. Organometallics production facilities are specialized manufacturing plants for synthesizing, purifying, and packaging organometallic compounds. For instance, in January 2023, American Elements, a US-based company manufacturing advanced materials, expanded its rare earth and less common metal organometallics production facilities. This expansion meets the growing demand for materials as precursors for thin film deposition, including chemical vapor deposition (CVD and MOCVD) and in producing catalysts used in the hydrocarbon and petrochemical industries. The new facility, at full capacity, can deliver several metric tons of high-purity compounds monthly, immediately impacting deliveries while also expanding American Elements' production of related compounds, including lanthanum and cerium 2-ethylhexanoate and hafnium and zirconium acetylacetonate, in which the company has long been a market leader.

The organometallics market covered in this report is segmented -

1) By Type: Organosilicon, Organoboron, Organogallaum, Organopalladium, Organolithium, Organoberyllium, Organomagnesium, Other Types
2) By Application: Organic Synthesis, Metal Purification, Other Applications
3) By End-Use Industry: Healthcare And Pharmaceutical, Electrical And Electronics, Chemical, Textile, Metallurgy, Other End-use Industries

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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

Contents of the report:
1. Executive Summary
2. Organometallics Market Report Structure
3. Organometallics Market Trends And Strategies
4. Organometallics Market - Macro Economic Scenario
5. Organometallics Market Size And Growth
…..
27. Organometallics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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