Chiral Chemicals Market and assist the sector in scaling a massive USD 96,894.20 million during the forecast period (2015-2023), reveals Market Research Future (MRFR) in a holistic report. Chiral chemicals are extensively penetrating markets such as that of pharmaceuticals and agrochemicals considerably and have become an integral part of the manufacturing procedure which can backbone the expected CAGR of 17.56% during the same period. 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.
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The competitive market is proliferated by the presence of several major players, who are in their constant effort to stay afloat, are adopting various strategies such as mergers and acquisitions. For instance, W. R. Grace & Co.-Conn has recently completed the acquisition of Albemarle Polyolefin Catalysts Business.
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.A (Italy), and others.
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.
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.
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.
10.1 BASF SE 73
10.1.1 Company Overview 73
10.1.2 Financials 73
10.1.3 Products 73
10.1.4 Strategy 73
10.1.5 Key Developments 73
10.2 Solvias AG 74
10.2.1 Company Overview 74
10.2.2 Financials 74
10.2.3 Products 74
10.2.4 Strategy 74
10.2.5 Key Developments 74
10.3 Strem Chemicals, Inc. 75
10.3.1 Company Overview 75
10.3.2 Financials 75
10.3.3 Products 75
10.3.4 Strategy 75
10.3.5 Key Developments 75
10.4 Johnson Matthey Plc 76
10.4.1 Company Overview 76
10.4.2 Financials 76
10.4.3 Products 76
10.4.4 Strategy 76
10.4.5 Key Developments 76
10.5 W. R. Grace & Co.-Conn. 77
10.5.1 Company Overview 77
10.5.2 Financials 77
10.5.3 Products 77
10.5.4 Strategy 77
10.5.5 Key Developments 77
10.6 Chiral Quest (Suzhou) Co.,Ltd 78
10.6.1 Company Overview 78
10.6.2 Financials 78
10.6.3 Products 78
10.6.4 Strategy 78
10.6.5 Key Developments 78
10.7 Tyche Industries Limited 79
10.7.1 Company Overview 79
10.7.2 Financials 79
10.7.3 Products 79
10.7.4 Strategy 79
10.7.5 Key Developments 79
10.8 Nanjing Legend Pharmaceutical 80
10.8.1 Company Overview 80
10.8.2 Financials 80
10.8.3 Products 80
10.8.4 Strategy 80
10.8.5 Key Developments 80
10.9 The Dow Chemical Company 81
10.9.1 Company Overview 81
10.9.2 Financials 81
10.9.3 Products 81
10.9.4 Strategy 81
10.9.5 Key Developments 81
10.10 Flamma S.P.A. 82
10.10.1 Company Overview 82
10.10.2 Financials 82
10.10.3 Products 82
10.10.4 Strategy 82
10.10.5 Key Developments 82
List of Table:
TABLE 1 GLOBAL CHIRAL CHEMICALS MARKET, BY TECHNOLOGY 2015-2023 (USD MILLION) 30
TABLE 2 GLOBAL CHIRAL CHEMICALS MARKET FOR TRADITIONAL SEPARATION METHOD, BY REGION 2015-2023 (USD MILLION) 31
TABLE 3 GLOBAL CHIRAL CHEMICALS MARKET FOR ASYMMETRIC PREPARATION METHOD, BY REGION 2015-2023 (USD MILLION) 31
TABLE 4 GLOBAL CHIRAL CHEMICALS MARKET FOR BIOLOGICAL SEPARATION METHOD, BY REGION 2015-2023 (USD MILLION) 32
TABLE 5 GLOBAL CHIRAL CHEMICALS MARKET, BY APPLICATION 2015-2023 (USD MILLION) 34
TABLE 6 GLOBAL CHIRAL CHEMICALS MARKET FOR PHARMACEUTICAL, BY REGION 2015-2023 (USD MILLION) 34
TABLE 7 GLOBAL CHIRAL CHEMICALS MARKET FOR AGROCHEMICAL, BY REGION 2015-2023 (USD MILLION) 35
TABLE 8 GLOBAL CHIRAL CHEMICALS MARKET FOR FLAVORS AND FRAGRANCES, BY REGION 2015-2023 (USD MILLION) 36
TABLE 9 GLOBAL CHIRAL CHEMICALS MARKET FOR OTHERS, BY REGION 2015-2023 (USD MILLION) 37
TABLE 10 GLOBAL CHIRAL CHEMICALS MARKET, BY REGION 2015-2023 (USD MILLION) 39
TABLE 11 GLOBAL CHIRAL CHEMICALS MARKET FOR TECHNOLOGY, BY REGION 2015-2023 (USD MILLION) 39
TABLE 12 GLOBAL CHIRAL CHEMICALS MARKET FOR APPLICATION, BY REGION 2015-2023 (USD MILLION) 40
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