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Organometallics Market Growth And Production 2023 by Players, Types and Applications
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Metallic elements of Group II, III, IV, and V are organometallic compounds containing metal-carbon sigma bond. Ylides are compounds formed primarily by transition elements. Electron-deficient organometallic compounds are a part of organometallic compounds with multicenter bonds. Organometallic compounds with pi bonded ligands include organometallic compounds of alkenes and alkynes.
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.
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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. Additionally, growth in the textile industry is anticipated to augment the demand for organometallics during the forecast period. Organometallics are used in the manufacture of polymers, which are employed as precursors in the fabrication of textiles. However, availability of substitutes and fluctuation in prices of raw materials are estimated to hamper market growth.
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