Chiral Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends,

Posted by Jayashri Tryambak Bhadane on September 23rd, 2019

Global Chiral Chemicals Market: Overview

The global chiral chemicals market has grown steadily over the years due to rising governments’ focus towards pharmaceutical manufacturing. The chiral chemicals or compounds are mainly comprised of a centered-carbon atom which is attached to four other substitutes. However, the stereocenter of chiral chemical may not be only occupied by carbon atom, it may also consist of trivalent sulfur or tetravalent phosphorus compounds. Chiral compound’s left hand and right hand configurations are known as enantiomers. Such enantiomers possess same physical properties, but they are different from others depending on the direction of rotation. Chirality plays a crucial role in animals, plants, agrochemical, and pharmaceutical sectors. This is because all the enzymes, amino acids, proteins, hormones, and carbohydrates are chiral compounds. Such USPs are majorly driving the global chiral chemicals market.

From the perspective of applications, the global chiral chemicals market is segmented into agricultural chemicals, pharmaceutical, fragrances, and flavors. Among all these applications, agrochemicals segment is expected to witness a significant growth during the assessment period. This is due to the increasing demand for eco-friendly crops and pesticides. Furthermore, chiral chemicals are also used in manufacturing key agrochemicals include plant growth regulators, pheromones, herbicides, and fungicides. All such advantages are expected to be fueling growth in the global chiral chemicals market.

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Global Chiral Chemicals Market: Notable Developments

A few recent developments may enlarge the growth boundaries of the global chiral chemicals market in a big way include:

  •          Several companies in the global chiral chemicals market along with various associations have taken an approach to invent an advanced technology for increasing the production of chiral chemicals.
  •          European Commission Framework 7 has taken an initiative, named as KYROBIO for developing an ample amount of biocatalyst, which helps in industrial synthesis of chiral chemicals to obtain artificial or synthetic chiral chemicals.
  •          The market players in the global chiral chemicals market are emphasizing on the development of application specific chiral chemicals to increase the efficacy and yield of the desired product.

Key players operating in the global chiral chemicals market include Strem Chemicals, Codexis INC., Perkin Elmer Inc., Dow Chemical Company, and Rhodia.

Global Chiral Chemicals Market: Key Growth Dynamics

Rising Use of Chiral Chemicals in Pharmaceutical Industry Fuels Market Growth

Many companies in the market intend to produce several pharmaceutical intermediates. Chiral chemicals are important for manufacturing enantiomerically pure products in pharmaceutical formulations. Such factors are expected to boost the global chiral chemicals market. Along with this, rapid technological advancements in pharmaceutical sector and extensive research and development activities in developing as well as developed regions are another factors expected to contribute growth in the global chiral chemicals market. Many pharmaceutical industries are incorporating chiral chemicals in the production of drugs. This is due to the growing understanding about the differences between enantiomers and their different biological activities.

Furthermore, pharmaceutical industries are using chiral chemicals as antibiotics, antivirals, anti-diabetics, and in cancer therapies. Such factors are also projected to propel demand in the global chiral chemicals market. Along with these, rising product penetration among agrochemicals industries in developing economies and growing investments in chiral chemicals combined with research and developments are also expected to boost the global chiral chemicals market.

Global Chiral Chemicals Market: Regional Outlook

Geographically, North America is expected to lead the global chiral chemicals market as the region has witnessed rapid technological advancements. Soaring demand for natural fragrances, rising pharmaceutical industries, and existence of large number of manufacturers and market players could also be responsible for fueling growth in the chiral chemicals market in this region.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data o

  •          Market segments and sub-segments
  •          Market trends and dynamics
  •          Supply and demand
  •          Market size
  •          Current trends/opportunities/challenges
  •          Competitive landscape
  •          Technological breakthroughs
  •          Value chain and stakeholder analysis

The regional analysis covers:

  •          North America (U.S. and Canada)
  •          Latin America (Mexico, Brazil, Peru, Chile, and others)
  •          Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  •          Eastern Europe (Poland and Russia)
  •          Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  •          Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  •          A complete backdrop analysis, which includes an assessment of the parent market
  •          Important changes in market dynamics
  •          Market segmentation up to the second or third level
  •          Historical, current, and projected size of the market from the standpoint of both value and volume
  •          Reporting and evaluation of recent industry developments
  •          Market shares and strategies of key players
  •          Emerging niche segments and regional markets
  •          An objective assessment of the trajectory of the market
  •          Recommendations to companies for strengthening their foothold in the market   

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Jayashri Tryambak Bhadane

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Jayashri Tryambak Bhadane
Joined: May 27th, 2019
Articles Posted: 477

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