Summary
Global Trimethylaluminum Market by Grade, Product End-Use, Application and Region and Global Forecast 2023-2030
The global Trimethylaluminum market revenue is expected to grow from USD 15.8 Million in 2021 to USD 29.2 Million by 2028, at the CAGR of 9.13%.
Trimethylaluminum (TMA), also referred to as aluminium trimethyl or trimethylalane, is a colorless liquid, in its purest form. TMA is one of the simplest organoaluminium compound. Despite its name it exists as a dimer, with the formula Al₂(CH₃)₆. This colorless liquid is highly pyrophoric in nature. Thus, it is extremely reactive and dangerous and catches fire or explodes when exposed to air or water, and is also listed at Level 4 flammability on the NFPA fire diamond. It is an industrially important chemical, which is closely related to triethylaluminium.
Rapid growth of the semiconductor industry with an increasing demand for advanced electronics devices is likely to drive the demand for trimethylaluminum at a significant rate during the review period. Trimethylaluminum (TMA) is primarily used in semiconductor fabrication to produce thin film, with high-k dielectrics such as Al2O3 through the Chemical Vapor Deposition (CVD) or Atomic Layer Deposition (ALD). The compound semiconductor materials find usage in the electronics sector in lasers, microwave oscillators, and infrared detectors. The quality of a compound semiconductor available from an epitaxial growth of an organometallic compound is highly controlled by impurities present in it, especially those in the organometallic compound as a raw material source. Thus, high purity TMA (6N) is being widely used in the production of superior quality semiconductor materials.
As per the semiconductor industry association (SIA), the global semiconductor industry sales increased by around 26.2% in the month of May 2021 over May 2020, valued at around USD 43.6 billion. The demand for semiconductors increased significantly across all major regional markets. Asia-Pacific held the largest market share in the global semiconductor industry in 2020 and is projected to witness a healthy growth during the review period. The market growth can be attributed to increasing adoption of technologically advanced devices and presence of strong electrical & electronics industry in the developing countries of China and India. Growing integration of advanced technologies such as Internet of Things and artificial intelligence in the major end-use industries is likely to fuel the product demand significantly. Thus, robust semiconductor growth across the globe is likely to proliferate the product usage in compound semiconductor materials.
The COVID-19 outbreak has negatively impacted the international trade, supply chains, and manufacturing operations across the globe due to lockdown in major economies. However, the manufacturers resumed operations in the late 2020s, after taking required precautionary measures and constantly monitoring the guidelines of the Centers for Disease Control and Prevention (CDC), World Health Organization (WHO), and the local health clinics for the up-to-date developments related to COVID-19.
The trimethylaluminum industry was adversely impacted by COVID-19. In the initial stages of the pandemic, factories in several countries were forced to shut down as the government authorities across the globe imposed strict lockdowns to curb the spread of the virus. After the lockdown was lifted and restrictions were eased, the trimethylaluminum manufacturers resumed factory operations but at a limited capacity and under several rules and regulations. Also, the COVID-19 outbreak across the globe had an adverse impact on the chemical processing sector as well as the raw material procurement for TMA and polyolefin, which further is expected to hamper the industry growth during the forecast period.
“Electronic segment, by grade, to be largest market from 2023 to 2030.”
Electronic accounted for the largest market share of 68.47% in 2020, with a market value of USD 6,670.9 Thousand and is projected to grow at the highest CAGR of 9.45% during the forecast period. Industrial was the second-largest market in 2020, valued at USD 4,859.9 Thousand in 2020; it is projected to grow at a CAGR of 8.65%. he trimethylaluminum electronic grade is a superior quality metalorganic which is used as an aluminum precursor for deposition technologies employed in the semiconductor industry. This grade is primarily ultra-pure (6N) to cater the highest purity requirements of semiconductor material production process. This grade is highly expensive than other grades- solar and industrial.
“6N segment, by product, to be largest market from 2023 to 2030.”
6N accounted for the largest market share of 42.13% in 2020, with a market value of USD 6,152.3 Thousand and is projected to grow at the highest CAGR of 9.39% during the forecast period. 4N was the second-largest market in 2020, valued at USD 5,296.9 Thousand in 2020; it is projected to grow at a CAGR of 9.07%. ts primary usage is supplying metalorganic sources which is a key ingredient for the semiconductor industry. TMA is a high quality aluminum precursor for deposition technologies used in the semiconductor sector. The 6N grade is highly expensive due to its purity level, which results in a limited usage in solar and chemical applications.
“Aluminum oxide films segment, by application, to be largest market from 2023 to 2030.”
Aluminum oxide films accounted for the largest market share of 68.15% in 2020, with a market value of USD 9,753.1 Thousand and is projected to grow at the highest CAGR of 9.43% during the forecast period. Catalyst/Co-catalyst was the second-largest market in 2020, valued at USD 3,980.5 Thousand in 2020; it is projected to grow at a CAGR of 9.06%. hen compared to other metals, aluminum exhibits excellent corrosion resistance as it develops a thin oxide layer on the surface when the metal comes in contact with oxygen. The aluminum oxide layer thus, protects the aluminum metal against corrosion. TMA is prominently used as an ALD precursor for the growth of aluminum oxide films. Aluminum oxide is widely used as a capping & dielectric layer in semiconductor technology typically deposited by ALD, which offers a dense and excellent quality film with low gas permeability even when deposited on flexible substrates.
“Semiconductor segment, by end-use, to be largest market from 2023 to 2030.”
Semiconductor accounted for the largest market share of 39.25% in 2020, with a market value of USD 5,731.8 Thousand and is projected to grow at the highest CAGR of 9.57% during the forecast period. Others segment was the second-largest market in 2020, valued at USD 4,884.1 Thousand in 2020; it is projected to grow at a CAGR of 8.76%. MA is predominantly used in semiconductor fabrication to deposit thin film, high-k dielectrics such as Al2O3 via chemical vapor deposition or atomic layer deposition. TMA is the preferred precursor for metalorganic vapour phase epitaxy (MOVPE) of aluminium-containing compound semiconductors, including Aluminum nitride (AlN), Aluminium antimonide (AlSb), Aluminum Gallium Arsenide (AlGaAs), and Aluminum Gallium Nitride (AlGaN). Rising use of semiconductors with increasing adoption of advanced technologies across verticals including transportation, healthcare, and communications is likely to augment the market growth substantially in the coming years.
“Asia Pacific to be largest region in Trimethylaluminum Market.”
By region, the market is divided into North America, Europe, APAC, and Others. Others are further divided into the Middle East and South America. Asia Pacific accounted for the largest market share of 41.24% in 2020, with a market value of USD 6,022.0 Thousand and is projected to grow at a CAGR of 9.80% during the forecast period. North America was the second-largest market in 2020, valued at USD 4,300.4 Thousand in 2020; it is projected to grow at a CAGR of 8.82%.
Strong presence of chemical manufacturing industries are anticipated to fuel the demand for polyolefins in the region, thus boosting the TMA consumption. Strong presence of key players such as UP Chemical Co. Ltd. and Nata Chem further bolster the regional growth by catering the domestic countries. Moreover, China’s semiconductor market is the largest across the globe. Annually, China consumes over 50% of all semiconductors, both for internal use and eventual export. Whereas, the Japanese semiconductor market is likely to increase from USD 34.4 million in 2020 to USD 35.5 million in 2021. Thus, robust semiconductor industry growth in Asia Pacific countries are expected to bolster the demand for trimethylaluminum in the region.
The solar sector is booming at an astounding rate in the region, mainly in countries of China and India. As per the China Photovoltaic Industry’s Association, the solar installations in China is expected to reach 55-65 GW in 2021, from 48.2 GW in 2020 and exceeding the record which was set in 2017. Geographically, the solar capacity is set to increase by 15-170 GW in 2021. The solar industry is economically attractive in in most major markets mainly owing to policy support and cost declines. It is expected that the global installations in 2021 is likely to be between 151 GW and 194 GW.
Competitive Landscape
The competitive landscape of the Trimethylaluminum Market involves assessing the competitive landscape to understand the strengths, weaknesses, opportunities, and threats of the industry. Key industry players have recognized that the adoption of Trimethylaluminum holds the potential for further growth. The growing desire among producers to optimize their production costs has spurred collaborative efforts among companies to scale up their production capacity. This strategic collaboration not only aims to increase revenue but also seeks to establish dominance in the market.
The Trimethylaluminum Market is highly competitive, with numerous companies vying for market share.
Major Players:
LANXESS
Albemarle Corporation
Nouryon
Merck KGaA
Jiangsu Nata Opto-electronic Material Co., Ltd.
Others
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Table of Contents
Table of Contents
Chapter 1 Introduction 13
Market Definition 13
Market Segmentation 13
Research Timelines......................................................................................................... 13
Limitation 14
Assumptions 15
Chapter 2 Research Methodology 16
Introduction................................................................................................................. .... 16
Data Mining..................................................................................................................... 16
Secondary Research 17
Primary Research............................................................................................................ 17
Subject Matter Expert Advice.......................................................................................... 17
Quality Check 18
Final Review 18
Data Triangulation 18
Bottom-up approach 19
Top-down approach......................................................................................................... 19
Research Flow 20
Key Insights From Industry Experts................................................................................. 20
Data Sources 21
Chapter 3 Executive Summary 22
Market Overview 23
Global Trimethylaluminum Market Geographical Analysis (CAGR %) 23
Global Trimethylaluminum Market, By Grade (USD Thousand) 24
Global Trimethylaluminum Market, By Product (USD Thousand) 25
Global Trimethylaluminum Market, By Application (USD Thousand) 26
Global Trimethylaluminum Market, By End-Use (USD Thousand) 27
Future Market Opportunities........................................................................................... 28
Global Market Split 28
Product Life Line 29
Chapter 4 Market Trimethylaluminum Outlook 30
Trimethylaluminum Market Outlook 30
Market Drivers 31
Significant growth of semiconductor sector 31
Strong product demand in chemical industry................................................................. 31
Market Restraints 32
Limitations associated with trimethylaluminum 32
Availability of substitutes 32
Market Opportunities 33
Expanding solar industry across the globe 33
Impact of COVID-19 on Trimethylaluminum Market 34
Porter’s Five Forces Analysis 36
Chapter 5 Trimethylaluminum Market, By Grade 37
Overview..................................................................................................................... ..... 37
Electrical 37
Solar 37
Industrial 38
Chapter 6 Trimethylaluminum Market by Product 39
Overview..................................................................................................................... ..... 39
6N 39
5N 39
4N 40
Chapter 7 Trimethylaluminum Market by Application 41
Overview..................................................................................................................... ..... 41
Aluminum Oxide Films 41
Catalyst/Co-Catalysts...................................................................................................... 41
Metalorganics 42
Other 42
Chapter 8 Trimethylaluminum Market by End-Use 43
Overview..................................................................................................................... ..... 43
Semiconductor................................................................................................................ 43
Solar Cell 43
LED 44
Others....................................................................................................................... ....... 44
Chapter 9 Trimethylaluminum Market By Region 46
Introduction................................................................................................................. .... 46
Global Trimethylaluminum Market, by Region, 2018-2028, (USD Thousand) 46
North America 46
U.S 49
Canada 50
Mexico 52
Europe 54
Germany...................................................................................................................... .... 56
UK 58
France ............................................................................................................................. 59
Rest of Europe 61
Asia Pacific 63
China 65
Japan 67
India 68
Rest of Asia Pacific.......................................................................................................... 70
Rest of World................................................................................................................... 72
South America................................................................................................................. 74
Middle East & Africa........................................................................................................ 76
Chapter 10 Competitive Landscape 78
Overview..................................................................................................................... ..... 78
Strategic Developments.................................................................................................. 78
Company Market Ranking Analysis................................................................................. 78
Chapter 11 Company Profiles 79
Nouryon 79
Introduction................................................................................................................. .... 79
Overview..................................................................................................................... ..... 79
Product Introduction 80
Recent Initiatives 80
SWOT Analysis................................................................................................................. 81
Albemarle Corporation 82
Introduction................................................................................................................. .... 82
Overview..................................................................................................................... ..... 82
Product Introduction 83
Company Financials........................................................................................................ 83
Recent Initiatives 84
SWOT Analysis................................................................................................................. 84
LANXESS 85
Introduction................................................................................................................. .... 85
Overview..................................................................................................................... ..... 85
Product Introduction 86
Company Financials........................................................................................................ 86
SWOT Analysis................................................................................................................. 87
UP Chemical Company Ltd 88
Introduction................................................................................................................. .... 88
Overview..................................................................................................................... ..... 88
Product Introduction 88
Recent Initiatives 88
SWOT Analysis................................................................................................................. 89
RCI Labscan Group 90
Introduction................................................................................................................. .... 90
Overview..................................................................................................................... ..... 90
Product Introduction 90
Recent Initiatives 91
SWOT Analysis................................................................................................................. 91
Lake Materials Co Ltd 92
Introduction................................................................................................................. .... 92
Overview..................................................................................................................... ..... 92
Product Introduction 92
Company Financials........................................................................................................ 92
SWOT Analysis................................................................................................................. 93
Jiangsu Nata Opto-electronic Material Co., Ltd............................................................... 94
Introduction................................................................................................................. .... 94
Overview..................................................................................................................... ..... 94
Product Introduction 94
Recent Initiatives 94
SWOT Analysis................................................................................................................. 95
American Elements 96
Introduction................................................................................................................. .... 96
Overview..................................................................................................................... ..... 96
Product Introduction 96
Recent Initiatives 96
SWOT Analysis................................................................................................................. 97
Merck KGaA 98
Introduction................................................................................................................. .... 98
Overview..................................................................................................................... ..... 98
Product Introduction 99
Company Financials........................................................................................................ 99
Recent Initiatives 100
SWOT Analysis............................................................................................................... 100
List of Figures
FIG. 1
Market Scope
13
FIG. 2
Research Methodology - Data Triangulation
18
FIG. 3
Research Methodology -
Bottom-up approach and top-down approach
19
FIG. 4
Research Methodology -
Research Flow
20
FIG. 5
Research Methodology -
Research Flow
20
FIG. 6
Executive Summary
22
FIG. 7
Global Snapshot: Trimethylaluminum Market
23
FIG. 8
Global Trimethylaluminum Market, By Grade (USD Thousand)
24
FIG. 9
Global Trimethylaluminum Market, By Product (USD Thousand)
25
FIG. 10
Global Trimethylaluminum Market, By Application (USD Thousand)
26
FIG. 11
Global Trimethylaluminum Market, By End-Use (USD Thousand)
27
FIG. 12
Future Market Opportunities
28
FIG. 13
Future Market Opportunities
28
FIG. 14
Product Life Line
29
FIG. 15
Trimethylaluminum Market Outlook
30
FIG. 16
Impact of COVID-19 on Trimethylaluminum Market
34
FIG. 17
Trimethylaluminum Market: Porter’s Five Forces Analysis
36
FIG. 18
Nouryon: SWOT Analysis
81
FIG. 19
Company Financials (USD Thousands)
83
FIG. 20
Business & Geographic Revenue Mix
84
FIG. 21
Albemarle Corporation: SWOT Analysis
84
FIG. 22
Company Financials (USD Million)
86
FIG. 23
Business & Geographic Revenue Mix
87
FIG. 24
LANXESS: SWOT Analysis
87
FIG. 25
UP Chemical Company Ltd.: SWOT Analysis
89
FIG. 26
RCI Labscan Group : SWOT Analysis
91
FIG. 27
Lake Materials Co Ltd: SWOT Analysis
93
FIG. 28
Jiangsu Nata Opto-electronic Material Co., Ltd.: SWOT Analysis
95
FIG. 29
American Elements: SWOT Analysis
97
FIG. 30
Company Financials (USD Million)
99
FIG. 31
Business & Geographic Revenue Mix
100
FIG. 32
Merck KGaA: SWOT Analysis
100
List of Tables
TABLE 1
Global Trimethylaluminum Market, by Grade, 2018-2028, (USD Thousand)
38
TABLE 2
Global Trimethylaluminum Market, by Product, 2018-2028, (USD Thousand)
40
TABLE 3
Global Trimethylaluminum Market, by Application, 2018-2028, (USD Thousand)
42
TABLE 4
Global Trimethylaluminum Market, by End-Use, 2018-2028, (USD Thousand)
45
TABLE 5 TABLE 6 TABLE 7 TABLE 8 TABLE 9
TABLE 10
North America Trimethylaluminum Market, by Country, 2018-2028, (USD Thousand) 46 North America Trimethylaluminum Market, by Country, 2018-2028, (USD Thousand) 47 North America Trimethylaluminum Market, by Grade, 2018-2028, (USD Thousand) 47 North America Trimethylaluminum Market, by Product, 2018-2028, (USD Thousand) 48 North America Trimethylaluminum Market, by Application, 2018-2028, (USD
Thousand) 48
North America Trimethylaluminum Market, by End-Use, 2018-2028, (USD Thousand)
TABLE 11 TABLE 12 TABLE 13 TABLE 14 TABLE 15
TABLE 16
TABLE 17 TABLE 18 TABLE 19 TABLE 20 TABLE 21 TABLE 22 TABLE 23 TABLE 24 TABLE 25 TABLE 26 TABLE 27 TABLE 28 TABLE 29 TABLE 30 TABLE 31 TABLE 32 TABLE 33 TABLE 34
48
U.S. Trimethylaluminum Market, by Grade, 2018-2028, (USD Thousand) 49
U.S. Trimethylaluminum Market, by Product, 2018-2028, (USD Thousand) 49
U.S. Trimethylaluminum Market, by Application, 2018-2028, (USD Thousand) 49
U.S. Trimethylaluminum Market, by End-Use, 2018-2028, (USD Thousand) 50
Canada Trimethylaluminum Market, by Grade, 2018-2028, (USD Thousand) 50
Canada Trimethylaluminum Market, by Product, 2018-2028, (USD Thousand) 50
Canada Trimethylaluminum Market, by Application, 2018-2028, (USD Thousand) 51 Canada Trimethylaluminum Market, by End-Use, 2018-2028, (USD Thousand) 51 Mexico Trimethylaluminum Market, by Grade, 2018-2028, (USD Thousand) 52
Mexico Trimethylaluminum Market, by Product, 2018-2028, (USD Thousand) 52
Mexico Trimethylaluminum Market, by Application, 2018-2028, (USD Thousand) 53 Mexico Trimethylaluminum Market, by End-Use, 2018-2028, (USD Thousand) 53
Europe Trimethylaluminum Market, by Country, 2018-2028, (USD Thousand) 54
Europe Trimethylaluminum Market, by Grade, 2018-2028, (USD Thousand) 54
Europe Trimethylaluminum Market, by Product, 2018-2028, (USD Thousand) 55
Europe Trimethylaluminum Market, by Application, 2018-2028, (USD Thousand) 55 Europe Trimethylaluminum Market, by End-Use, 2018-2028, (USD Thousand) 55
Germany Trimethylaluminum Market, by Grade, 2018-2028, (USD Thousand) 56
Germany Trimethylaluminum Market, by Product, 2018-2028, (USD Thousand) 56 Germany Trimethylaluminum Market, by Application, 2018-2028, (USD Thousand) 57 Germany Trimethylaluminum Market, by End-Use, 2018-2028, (USD Thousand) 57 UK Trimethylaluminum Market, by Grade, 2018-2028, (USD Thousand) 58
UK Trimethylaluminum Market, by Product, 2018-2028, (USD Thousand) 58
UK Trimethylaluminum Market, by Application, 2018-2028, (USD Thousand) 59
TABLE 41 TABLE 42
TABLE 43
Rest of Europe Trimethylaluminum Market, by Product, 2018-2028, (USD Thousand) 61
Rest of Europe Trimethylaluminum Market, by Application, 2018-2028, (USD Thousand) 62
Rest of Europe Trimethylaluminum Market, by End-Use, 2018-2028, (USD Thousand)
TABLE 44 TABLE 45 TABLE 46 TABLE 47 TABLE 48
TABLE 49 TABLE 50 TABLE 51 TABLE 52 TABLE 53
TABLE 54
TABLE 55 TABLE 56 TABLE 57 TABLE 58 TABLE 59 TABLE 60 TABLE 61
62
Asia Pacific Trimethylaluminum Market, by Country, 2018-2028, (USD Thousand) 63 Asia Pacific Trimethylaluminum Market, by Grade, 2018-2028, (USD Thousand) 64 Asia Pacific Trimethylaluminum Market, by Product, 2018-2028, (USD Thousand) 64
Asia Pacific Trimethylaluminum Market, by Application, 2018-2028, (USD Thousand) 64 Asia Pacific Trimethylaluminum Market, by End-Use, 2018-2028, (USD Thousand) 65 China Trimethylaluminum Market, by Grade, 2018-2028, (USD Thousand) 65
China Trimethylaluminum Market, by Product, 2018-2028, (USD Thousand) 65 China Trimethylaluminum Market, by Application, 2018-2028, (USD Thousand) 66 China Trimethylaluminum Market, by End-Use, 2018-2028, (USD Thousand) 66 Japan Trimethylaluminum Market, by Grade, 2018-2028, (USD Thousand) 67 Japan Trimethylaluminum Market, by Product, 2018-2028, (USD Thousand) 67 Japan Trimethylaluminum Market, by Application, 2018-2028, (USD Thousand) 67 Japan Trimethylaluminum Market, by End-Use, 2018-2028, (USD Thousand) 68 India Trimethylaluminum Market, by Grade, 2018-2028, (USD Thousand) 68 India Trimethylaluminum Market, by Product, 2018-2028, (USD Thousand) 68 India Trimethylaluminum Market, by Application, 2018-2028, (USD Thousand) 69 India Trimethylaluminum Market, by End-Use, 2018-2028, (USD Thousand) 69 Rest of Asia Pacific Trimethylaluminum Market, by Grade, 2018-2028, (USD
Thousand)
71
TABLE 65
Rest of World Trimethylaluminum Market, by Country, 2018-2028, (USD Thousand)
72
TABLE 66
Rest of World Trimethylaluminum Market, by Grade, 2018-2028, (USD Thousand)
73
TABLE 67
Rest of World Trimethylaluminum Market, by Product, 2018-2028, (USD Thousand)
73
TABLE 68 Rest of World Trimethylaluminum Market, by Application, 2018-2028, (USD Thousand) 73
TABLE 69 TABLE 70 TABLE 71 TABLE 72
TABLE 73 TABLE 74 TABLE 75
Rest of World Trimethylaluminum Market, by End-Use, 2018-2028, (USD Thousand) 74 South America Trimethylaluminum Market, by Grade, 2018-2028, (USD Thousand) 74 South America Trimethylaluminum Market, by Product, 2018-2028, (USD Thousand) 74
South America Trimethylaluminum Market, by Application, 2018-2028, (USD
Thousand) 75
South America Trimethylaluminum Market, by End-Use, 2018-2028, (USD Thousand)
75
Middle East & Africa Trimethylaluminum Market, by Grade, 2018-2028, (USD Thousand) 76
Middle East & Africa Trimethylaluminum Market, by Product, 2018-2028, (USD
Thousand) 76
TABLE 76
Middle East & Africa Trimethylaluminum Market, by Application, 2018-2028, (USD Thousand)
77
TABLE 77
Middle East & Africa Trimethylaluminum Market, by End-Use, 2018-2028, (USD
Thousand)
77
