Chiral Chemicals Market 2023: BASF SE (Germany), Solvias AG (Switzerland), Strem Chemicals, Inc (U.S.), Johnson Matthey Plc (U.K.), W. R. Grace & Co.-Conn (U.S.), Chiral Quest (Suzhou) Co.,Ltd (China), Tyche Industries Limited (India)

Global Chiral Chemicals Market Information By Technology (Traditional Separation Method, Asymmetric Preparation Method, Biological Separation Method), Application (Pharmaceutical, Agrochemical, Flavors And Fragrances, Others), And Region- Forecast To 2023

Synopsis of the Global chiral chemicals market

The chiral compounds are comprised of carbon atom at center attached to four different substitutes. The right hand and left-hand configurations are called as enantiomers.

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Moreover, the stereocenter of the chiral molecule may not be an only carbon atom; it may also consist of tetravalent phosphorus and trivalent sulfur compounds. Enantiomers possess same physical properties, but the difference exists in the direction of rotation. Commercially, the separation of enantiomers is difficult and usually separated by different processing methods such as a traditional, asymmetric, and biological method.

The global chiral chemicals market is projected to expand at a CAGR of 13.67% to be USD 96,894.20 million till 2023. The protuberant factors favoring the growth of the global chiral chemicals market are increasing demand for chiral chemicals in pharmaceutical application along with growing agrochemicals industries in emerging market. Additionally, increasing product penetration among agrochemical industry is also expected to drive the market growth.

Moreover, expansions and investments in chiral chemicals coupled with research & developments by major key players are expected to provide opportunities across the value chain. Furthermore, an advent of bio-catalytic synthesis of the chiral chemical also expected to open new avenues to market players. However, stringent government regulations and environmental issues concerned with the chiral pesticides are likely to hamper the growth of the market over the forecast period.

Regional Analysis

The global chiral chemicals market is spanned across major regions namely North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. Among these regions, North America accounted for the largest share of the market, as of 2016. Yet in the coming years, Asia Pacific region is estimated to grow at the highest CAGR of 17.56% during the review period. The growth trend in this regional market is primarily attributed to the rapid urbanization and swift industrialization of the developing economies in this region and presence of a considerable number of significant market players mingled with increasing research and development.

Asia Pacific region is followed by North America, which accounted for the largest market share, as of 2016, is estimated to reach USD 32,025.3 million by the end of the review period. The U.S accounted for the largest share of the regional market. In the coming years, the country is anticipated to retain its dominance due to the significant presence of the major end-use industries such as foods & beverages and pharmaceuticals.

Europe is an important region in the global chiral chemicals market, which held a considerable market share of 28% in 2016. Among the major western European markets, Germany is the substantial contributor to the regional market. Following Europe, the Middle East & Africa and Latin America are estimated to grow at a moderate rate during the forecast period.

Segmentation

The global chiral chemicals market is segmented on the basis of technology, application, and region.

On the basis of technology, the market is categorized into traditional separation method, asymmetric preparation method, and biological separation method.

By the application, the market is divided into pharmaceutical, agrochemical, flavors, and fragrances, among others.

Regionally, the global chiral chemicals market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America.

Key Players

The prominent players in the global chiral chemicals market are BASF SE (Germany), Solvias AG (Switzerland), Strem Chemicals, Inc (U.S.), Johnson Matthey Plc (U.K.), W. R. Grace & Co.-Conn (U.S.), Chiral Quest (Suzhou) Co.,Ltd (China), Tyche Industries Limited (India), Nanjing Legend Pharmaceutical (China), The Dow Chemical Company (U.S.), and Flamma S.p.An (Italy), among others.

Key Findings

The global chiral chemicals market is projected to reach USD 96,894.20 million by the end of 2023, by expanding at a CAGR of 13.67%. Based on the region, Asia Pacific is estimated to grow at the highest CAGR of 17.56%. This is attributed to the growing urbanization and rapid industrialization in the emerging economies in this region. North American region accounted for the largest share due to growing pharmaceutical industries and rising investment in R&D by major market players. Country-wise, China is the largest market in the globe. By technology, traditional separation method accounts for the largest market share of 48% in 2016 with a market value of USD 46,118.1 million. The pharmaceuticals segment accounted for the largest market share in 2016, while the agrochemicals application segment is estimated to grow at the highest CAGR.

Geographic Analysis

The global chiral chemicals market is projected to grow at a CAGR of 13.67% during the review period 2017-2023. North America accounted for the largest share due to the growth of major end users in the region. Pharmaceuticals segment is likely to dominate the global chiral chemicals market during the review period.

The report covers brief analysis of geographical region includes

World

Asia Pacific
China
India
Japan
Rest of Asia Pacific
Europe
Germany
France
Switzerland
UK
Russia
Italy
France
Rest of Europe
North America
US
Canada
Middle East & Africa
Turkey
C.C
Israel
North Africa
Rest of Middle East & Africa
Latin America
Brazil
Mexico
Rest of Latin America

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Intended Audience:

Manufacturers and distributors of chiral chemicals.
Manufacturers and distributors of chiral chemicals.
Suppliers and traders.
Government, associations and industrial bodies.
Investors and Trade experts.
Consulting in chemical experts.

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