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$12,032.341 million in 2026 from US$9,193.834 million in 2019. 

Organometallic compounds are known for their role as catalysts in enhancing the rate of industrial and research chemical reactions. The market is expected to surge in the coming years, due to the rising use of organometallic compounds in various types of applications and sectors, such as food & beverage, pharmaceutical, agriculture, automotive, and others. The increasing investment intending in the development of novel and advanced organometallic compounds is also expected to play a major role in the market growth.

Increasing demand in the automotive sector

The market is expected to surge in the coming years, due to the rising demand for compounds in the automotive sector. According to data given by the International Organisation of Motor Vehicle Manufacturers, there were around 91.7 million vehicles that were produced in the year 2019, globally. According to several studies published in official journals, auto tires that are of synthetic rubbers, which is made and formed with organometallics catalysts tend to perform and give better output. They also last longer.

Increasing demand in the agriculture sector

The market is expected to surge in the coming years, due to the rising demand for organometallic compounds in the agriculture sector. The agricultural sector has been imperative to economic growth. According to the data given by the World Bank, around 9.7 billion are expected to reside worldwide by 2050. Therefore, the demand for agricultural goods is expected to surge. The World Bank had also stated that agriculture accounted for around 4% of global GDP in 2019. Ferrocene has been finding several applications in the agriculture sector. It is known as an organometallic compound that is used as a catalyst and agrochemicals. Moreover, the compound is also used as a key and imperative surfactant in soil remediation. These developments are expected to further advance the market growth, in the coming years.

Growth in the pharmaceutical sector

The market is expected to surge in the coming years, due to the rising use of organometallic compounds in the pharmaceutical sector. According to the data given by the International Federation of Pharmaceutical Association and Manufacturers, in 2018, around 59 novel medicines were launched, and over 8,000 compounds have been at various stages of development, worldwide. In the year 2020, around 2,740 cancer drugs, 1,535 immunology drugs, and around 1,498 neurology drugs were in development 2020. Organometallic pharmaceuticals have been registering significant growth, in the past few years. The rise in the prevalence rate of cancer, increasing bacterial and viral problems are fuelling the global demand, in the past few years. These compounds are also used to treat tissue and cells injuries, and also serve as a catalyst. They are also basic, and reducing agents that serve as a catalyst. These developments are expected to enhance the market growth.

Global Organometallics Market Scope:

Report Metric	Details
Market size value in 2019	US$9,193.834 million
Market size value in 2026	US$12,032.34 million
Growth Rate	CAGR of 3.92% from 2019 to 2026
Base year	2019
Forecast period	2021–2026
Forecast Unit (Value)	USD Million
Segments covered	End-User Industry, Type, And Geography
Regions covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies covered	American Elements, Sigma-Aldrich, Albany Molecular Research Inc. (AMRI),   Albemarle  Corporation, Merck KGaA, Reaxis, Nouryon, Strem Chemicals, Inc., Alfa   Aesar, GFS Chemicals
Customization scope	Free report customization with purchase

 

Segmentation:

• By Type
  • Organotin
  • Organolithiums
  • Organoaluminium
  • Organozinc
  • Others
•  By End-User
  • Agriculture
  • Electronics
  • Automotive
  • Pharmaceuticals
  • Others
• By geography
  • North America
    • USA
    • Canada
    • Mexico
    • Others
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

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Frequently Asked Questions (FAQs)

Q1. What will be the organometallics market size by 2026?
A1. The global organometallics market is expected to reach a market size of US$12,032.34 million by 2026.

Q2. What is the size of global organometallics market?
A2. Organometallics Market was valued at US$9,193.834 million in 2019.

Q3. What are the growth prospects for the organometallics market?
A3. The organometallics market is expected to grow at a CAGR of 3.92% over the forecast period.

Q4. Who are the major players in the organometallics market?
A4. Prominent key market players in the organometallics market include American Elements, Sigma-Aldrich, Albany Molecular Research Inc. (AMRI), Albemarle Corporation, and Merck KGaA among others.

Q5. What factors are anticipated to drive the organometallics market?
A5. The organometallic compounds market is expected to expand at a rapid rate during the forecast period due to the increasing use of these compounds in end-user applications such as catalytic processes employed in the chemical industry.

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