Global Chiral Chemicals Market – Overview
Market Research Future (MRFR) has published a report stating that the Chiral Chemicals Market is expected to reach more than 50,000 million US dollars by the end of the forecast year. The Chiral Chemicals Market is expected to register a CAGR of 14% by the forecast year 2030.
Hence, rise in demand for these chemicals in rapidly expanding pharmaceutical industry is majorly favoring the growth of the global chiral chemicals market. Increasing application of chiral chemicals for manufacturing agrochemicals and growing product penetration in agrochemical industry are propelling the growth of the global chiral chemicals market. The players in the global chiral chemicals market are increasing their investment for research and development activities in order to identify new application areas of chiral compounds and develop advanced drugs from these chemicals. This has created multiple growth opportunities for the global chiral chemicals market. The advent of bio-catalytic synthesis of chiral compounds is also contributing to the expansion of the global chiral chemicals market. However, concerns regarding the adverse environmental effects caused by chiral pesticides and stringent regulatory framework regarding the production of these chemicals are likely to act as restraining factors on the expansion of the global chiral chemicals market.
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Johnson Matthey PLC, W. R. Grace, and Co., Chiracon GmbH, Solvias AG, Chiral Technologies, BASF SE, The Dow Chemical Company, Codexis Inc., Rhodia, Strem Chemicals, PerkinElmer Inc., Bayer AG Inc., Nanjing Legend Pharmaceuticals, Flamma SpA, Tyche Industries Limited, and many more. are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global Chiral Chemicals Market.
Along with it, the sector is also experiencing a boost from the research and development sector where the multinationals and governments are investing heavily in producing essentials using the chemicals. Furthermore, new technology has resulted in the bio-catalytic synthesis of the chiral chemicals which has significant market potential.
However, governments are now imposing stringent regulations to prohibit the use of chiral pesticides. Adoption of eco-friendly, organic products is gaining traction which can act as a headwind for the market and hinder the prediction.
The industry is investing heavily in research and developments in a search for better products. In this, efforts made by the Chemists at Scripps Research can be considered exemplary. They have come up with a method which would ease the making of chiral molecules. Now, without enzymes, the feat can be achieved which is revolutionary in several contexts and can open up dimensions that were previously off-limits in chemistry.
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Chiral Chemicals Market – Segments:
The global chiral chemicals market is segmented on the basis of technology and application.
Based on technology, the market can be segmented into traditional separation method, asymmetric preparation method, and biological separation method.
Application-wise, the market includes pharmaceutical, agrochemical, flavors, fragrances, and others. Demand for chiral chemicals in pharmaceuticals takes the sub-segment to the crest.
Chiral Chemicals Market – Regional Analysis:
Regionally, global chiral chemicals market spans across North America, Asia Pacific (APAC), Europe, the Middle East & Africa (MEA), and Latin America (LATAM).
North America, as of 2016, has the largest market. By generating USD 32,025.3 million it has secured the top position for itself. The U.S. is contributing the most, and with the presence of several end-use industries in the region, the country is expected to grow further.
The APAC is showing significant possibility of growth as the burgeoning industries are opening up various avenues for market expansion. The increase can be attributed to the rapid industrialization and fast urbanization owing to which the market is expecting a staggering CAGR of 17.56% and grow at the fastest rate during the forecast period.
Europe, with 28% of the market share, is playing an essential role in the global market. Germany contributes the most among the many European nations. However, the MEA and the LATAM are expecting a moderate growth.
Industry/ Innovation/ Related News
In July 2019, Transphorm Inc., a company that has a made a name for itself in the Chiral Chemicals semiconductor category, announced that it had won a contract from the U.S. Department of Defense (DoD) Office of Naval Research (ONR) worth of USD 18.5 million dollar to create a domestic resource base for that.
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1 Report Prologue
1 Scope Of The Report
2.1 Market Definition 12
2.2 Scope Of The Study 12
2.2.1 Research Objectives 12
2.2.2 Assumptions 13
2.2.3 Limitations 13
2.3 Markets Structure 13
1 Research Methodology
3.1 Research Process 14
3.2 Primary Research 15
3.3 Secondary Research 15
3.4 Market Size Estimation 15
1 Market Dynamics
4.1 Introduction 18
4.2 Drivers 19
4.2.1 Rising Demand Of Chiral Chemicals In Pharmaceutical Application 19
4.2.2 Growing Pharmaceutical Industries In Emerging Economies. 20
4.2.3 Increasing Demand Of Chiral Chemical In Agrochemical Industry 21
4.3 Restraint 22
4.3.1 Environmental Issues Related To Use Of Chiral Pesticides 22
4.4 Opportunities 23
4.4.1 Key Players In This Market Are Focusing On R & D For Increasing Application Scope For Chiral Chemical. 23
4.4.2 Biocatalytic Synthesis Of Chiral Chemical Provides New Avenues For Market Players. 23
1 Market Factor Analysis
5.1 Supply Chain Analysis 24
5.1.1 Raw Material Suppliers 25
5.1.2 Chiral Chemicals Producers 25
5.1.3 Chiral Chemicals Distributors 25
5.1.4 End User 26
5.2 Porter’s 5 Forces Analysis 27
5.2.1 Threat Of New Entrants 27
5.2.2 Threat Of Rivalry 27
5.2.3 Threat Of Substitute 27
5.2.4 Bargaining Power Of Supplier 27
5.2.5 Bargaining Power Of Buyer 28
1 Global Chiral Chemicals Market, By Technology
6.1 Introduction 29
6.2 Traditional Separation Method 31
6.3 Asymmetric Preparation Method 31
6.4 Biological Separation Method 32
1 Global Chiral Chemicals Market, By Application
7.1 Introduction 33
7.2 Pharmaceutical 34
7.3 Agrochemical 35
7.4 Flavors And Fragrances 36
7.5 Others 37
1 Global Chiral Chemicals Market, By Region
8.1 Introduction 38
8.2 North America 40
8.2.1 US 42
8.2.2 Canada 43
8.3 Europe 44
8.3.1 Germany 45
8.3.2 UK 46
8.3.3 France 47
8.3.4 Switzerland 48
8.3.5 Italy 49
8.3.6 Russia 50
8.3.7 Rest Of Europe 51
8.4 Asia Pacific 53
8.4.1 China 54
8.4.2 Japan 55
8.4.3 India 56
8.4.4 Rest Of Asia Pacific 57
8.5 Latin America 59
8.5.1 Brazil 60
8.5.2 Mexico 61
8.5.3 Rest Of Latin America 62
8.6 Middle East & Africa 64
8.6.1 Turkey 65
8.6.2 Israel 66
8.6.3 G.C.C 67
8.6.4 North Africa 68
8.6.5 Rest Of Middle East & Africa 69
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