NAFTA AND EUROPE GRIGNARD REAGENTS MARKET ANALYSIS

Market Challenges And Opportunities

Drivers

• Growing demand for eco-friendly Grignard reagents due to strict environmental regulations

Growing demand for eco-friendly Grignard reagents due to strict environmental regulations is expected to drive the market growth. According to the Coherent Market Insights Analysis in 2020, Rieke metals, LLC., a California Grignard reagent manufacturer, produces over 30 Grignard and organozinc reagent chemicals in its naturally derived 2-methyltetrahydrofuran (2-MeTHF).

Increasing number of the manufacturer that produces Grignard reagents are further expected to drive the market growth. According to the Coherent Market Insights Analysis, Albemarle Corporation, GFS Chemicals, Pentagon Chemicals, Weylchem international GmbH, and Boulder Scientific Company are among the top producers of Grignard reagents in the NAFTA and Europe region. These companies are estimated to hold around 11%-13% market share in the NAFTA and Europe Grignard reagent market.

Restraints

• Strict rules and regulations on the use of Grignard reagents as it is highly reactive in nature and have various environmental impacts

Due to the highly strong and unstable nature of the Grignard reagents, extreme care and well-experienced expertise are required during the chemical reactions. This factor is expected to restrict the market growth.

Opportunities

Rising use of Grignard reagents in the agrochemical industry is expected to offer growth opportunities to the market. Grignard reagents are used to making leeway in the agrochemical sector due to its soil-enriching properties.

Increasing demand for Grignard reagents from the packaging industry is expected to drive the NAFTA and Europe Grignard reagent market growth over the forecast period.