Ferrocene Market Size & Share, by Form (Liquid, Powder); Type (Ferroquine, Monocarboxylic Acid Based, Propenoic Acid Based, Dicarboxylic Acid Based); Application (Anti-Cancer Agent, Catalyst, Additive); End-Use (Pharmaceutical, Automotive, Agriculture, Aerospace, Chemical) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5495
  • Published Date: Jan 04, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Ferrocene Market size is expected to cross USD 134 Million by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of ferrocene was over USD 63 Million. The market for derivatives of ferrocene has grown due to their high demand as innovative drug formulation candidates and efficient biological agents. Researchers have looked into and studied creating novel medicine formulations that are used to treat long-term conditions like diabetes and cancer. 10.5% of adults (20–79 years old) have diabetes, according to the IDF Diabetes Atlas (2021), and nearly half of them are unaware that they have the disease. According to IDF forecasts, 783 million adults, or 1 in 8 of the population, will have diabetes by 2045—a 46% rise. Anilines, which are derivatives of ferrocene functionalized in a promising way, have demonstrated strong antidiabetic and anticancer properties.

In addition to these, Iijima, who revealed the manufacture of carbon nanotubes, contributed to the advancement of current nanotechnology. Chemistry is finding that LCA is essential for determining how really "green" a process is. Each discrete reaction step's environmental impact is shown in the LCA result, which also identifies locations where feasible improvements and adjustments could lessen possible negative effects on the market. The market for these novel materials is expanding rapidly, and the ferrocene market badly lacks a thorough examination of the material and energy implications of nanoparticles.


Ferrocene Market
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Ferrocene Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~ 6%

Base Year Market Size (2023)

 ~ USD 63 Million

Forecast Year Market Size (2036)

 ~ USD 134 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Ferrocene Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • Growth in the Ferrocene Market to be Driven by Increase in Chronic Illnesses- Chronic illnesses restrict daily life activities or both and call for constant medical care. The drugs used to treat these disorders now have problems with drug toxicity and resistance. Ferrocene is helpful in the realm of modern organometallic chemistry because of its many applications in material science, pharmaceutical chemistry, and diagnostics. A valuable precursor in the synthesis of possible anticancer medications, amino ferrocene also acts as a major electron source in photosynthetic model systems. In India, it is estimated that 21% of the elderly suffer from at least one chronic illness. Chronic disease affects 29% of older people in urban settings and 17% of senior people in rural areas. Of all chronic disorders, hypertension and diabetes account for over 68%.
  • Considerable Need for Ferrocene as a Fuel Supplement to Encourage Market Growth- Using ferrocene as an additive to encourage fuels to burn cleanly is one of its most profitable possible uses. Reduced ferrocene concentrations aid in reducing the production of carbon. Additionally, ferrocene has antiknock qualities, which is why spark-ignition engine fuels contain it. Ferrocene comes in both liquid and solid forms. Metal-based fuel additives include base metals like aluminum, copper, iron, magnesium, and manganese. Reduced brake-specific fuel consumption (BSFC) and enhanced brake thermal efficiency are the results of adding ferrocene to diesel fuel. Apart from its apparent effect on carbon synthesis, ferrocene also plays a role in catalyzing the oxidation of soot at comparatively low concentrations.
  • Surging Use of Ferrocene as an Antiknock Agent to Boost Market Expansion- The petroleum industry has been driving the use of ferrocene due to its need as an efficient Antiknock agent. For gasoline and diesel engines, ethanol is primarily utilized as a fuel additive. Compared to tetraethyl lead, an addition that was previously in use, ferrocene offers increased safety. Unleaded fuel can also have ferrocene-based fuel additive solutions added to it to improve its octane grade. Given this, its application as an antiknock agent to lessen engine knocking and raise the fuel's octane rating to aid in vehicle ignition by increasing temperature and pressure is anticipated to have an impact on the ferrocene market's expansion.

Challenges

  • High cost of ferrocene- Because ferrocene and its derivatives require stringent quality control procedures and a sophisticated synthesis process, their production costs can be rather costly. Its extensive use may be restricted by its high cost, especially in sectors where cost is a factor.
  • Different countries may have strict safety rules and regulatory criteria for ferrocene and its derivatives. Manufacturers may find it expensive and time-consuming to comply with these rules and laws, which could hinder ferrocene market expansion.
  • Certain places may have restricted access to raw materials needed for the synthesis of ferrocene, such as iron salts and cyclopentadiene. This could affect the market's capacity for growth and cause problems for the supply chain.


Ferrocene Segmentation

Type (Ferroquine, Monocarboxylic Acid Based, Propenoic Acid Based, Dicarboxylic Acid Based)

The ferroquine segment is expected to hold 40% share of the global ferrocene market during the forecast period. Ferroquine includes a ferrocene derivative whose antibacterial, antiparasitic, antifungal, and anticancer characteristics are likely to drive up demand for it in the years to come. In 2020, there were projected to be 18.1 million cases of cancer worldwide. Men accounted for 9.3 million of these instances, while women made for 8.8 million. Scientists are interested in ferroquine and ferrocene, two more ferrocene derivatives because they are thought to be suitable pharmacological candidates for the treatment of several illnesses, including cancer. Additionally, the use of ferroquine in malaria medication formulation has aided in the expansion of the ferrocene market. Ferroquine is gaining clinical interest due to its intriguing potential as an antimalarial. Furthermore, ferroquine's antiviral properties have opened up new avenues for its application in creating coronavirus-fighting formulations. Ferroquine's strong anti-coronavirus activity is anticipated to drive up demand for it.

Form (Liquid, Powder)

Ferrocene market from the powder segment is anticipated to account for 68% of the revenue share by the end of 2036 because powder ferrocene is in high demand due to its anti-knocking qualities. As an antiknock addition, powder ferrocene works in the exact opposite way from what is required for effective compression ignition, where quick flame generation and spread are essential. By absorbing heat from the flame front, an antiknock compound would impede the formation of a flame, which is an undesired consequence that would reduce fuel economy in a heavy-duty diesel engine. Because of this impact, the engine may need to use more gasoline to provide the necessary power.

Our in-depth analysis of the global ferrocene market includes the following segments:

Form   

  • Liquid
  • Powder

Type

  • Ferroquine
  • Monocarboxylic Acid Based
  • Propenoic Acid Based
  • Dicarboxylic Acid Based

Application

  • Anti-Cancer Agent
  • Catalyst
  • Additive

End-Use

  • Pharmaceutical
  • Automotive
  • Agriculture
  • Aerospace
  • Chemical

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Ferrocene Industry - Regional Synopsis

APAC Market Forecast

Ferrocene market in the Asia Pacific region is expected to hold the largest revenue share of about 33% during the forecast share. The demand for ferrocene in the Asia Pacific is still influenced by the pharmaceutical industry's modest growth throughout the area. Emerging economies in the Asia-Pacific region, like China and India, are anticipated to show enormous growth potential in the use of ferrocene in a variety of applications. It is anticipated that the use of ferrocene as a fuel additive will greatly expand its market share in emerging nations. This is mostly because of the rise in car sales, production, and registrations in China and India, which in turn necessitates the use of efficient additives like ferrocene.

European Market Statistics

The ferrocene market in Europe region is projected to hold 27% of the revenue share during the forecast period. Germany's expanding investment in the automotive industry makes it a major driver of market growth in the region. The growth in demand for sustainable energy and the expansion of research and development activities in Europe are the two main variables most likely to propel the improvement of the worldwide ferrocene market. The ferrocene market is expected to rise steadily in Europe as well, mostly because of the region's emphasis on sustainable technologies and renewable energy.

Research Nester
Ferrocene Market size
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Companies Dominating the Ferrocene Landscape

top-features-companies
    • TANYUN
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Hefei TNJ Chemical Industry Co., Ltd.
    • Dubi Chem
    • Lynx Software Technologies
    • Sisco research Laboratories Pvt. Ltd.
    • Synthon-Chemicals GmbH & Co.KG
    • Jigs Chemical
    • Vineeth Chemicals
    • Spectrum Chemical Manufacturing Corporation
    • Ferrous Systems
    • Central drug House

In-the-news

In The News

  • Ferrous Systems and AdaCore announced their collaboration to develop Ferrocene, a safety toolchain supporting markets such as space, automotive, and more. For Ferrous Systems, Ferrocene is an opportunity to leverage their Rust technical expertise and their relationship with the Rust community to turn the language into a first-class citizen for mission- and safety-critical embedded software development.
  • A team from China and Germany created the closest equivalent of inorganic ferrocene in the form of a red cyclotetraphosphide iron sandwich complex. An iron ion sandwiched between two cyclotetraphosphide dianions is the closest analogue to an inorganic ferrocene ever created.When ferrocene was discovered in the early 1950s, it caused quite the stir. It was the first compound made only of a transition metal and a hydrocarbon that didn’t spontaneously decompose or burst into flames when it met air or water. Since then it has become the poster child of organometallic chemistry.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5495
  • Published Date: Jan 04, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Surge in chronic diseases and use of ferrocene as fuel additives are the major factors driving the growth of the ferrocene market.

The market size of ferrocene is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2024-2036.

The major players in the market are Hefei TNJ Chemical Industry Co., Ltd., Dubi Chem, Lynx Software Technologies, Sisco research Laboratories Pvt. Ltd., Synthon-Chemicals GmbH & Co.KG, Jigs Chemical, Vineeth Chemicals, Spectrum Chemical Manufacturing, and others.

The ferroquine segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Ferrocene Market Report Scope
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