The magnesium tetramethylheptanedionate market involves manufacturing and selling the compound for chemical synthesis, research, and development. The magnesium-based is available in military-grade, as well as ACS, reagent, technical, pharmaceutical, and optical grades. Demand for the compound for use in the synthesis of α-aryl-β-diketones, dicyanamidobenzene-bridge diruthenium, and orange-emitting iridium(III) complexes and measurement of net magnesium absorption is driving growth in the market.
A complex production process leading to high manufacturing costs and the negative environmental impact of magnesium compounds are some of the factors limiting growth in the market. Despite this, the development of eco-friendly formulations and applications in emerging industries, such as pharmaceuticals, is expected to lead to several future opportunities for growth in the magnesium tetramethylheptanedionate market.
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