Chiral Chemicals Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Chiral Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global chiral chemicals market grew at a CAGR of around 7% during 2015-2020. Chiral chemicals refer to a special class of compounds comprising an asymmetrical carbon atom at the center. Also known as enantiomers or optical isomers, these chemicals are non-superimposable on their mirror image. They are widely used in the manufacturing of pharmaceutical items, agrochemicals, food ingredients, and fine chemicals. Presently, several companies worldwide are increasingly investing in research and development (R&D) projects to enhance the yield and cost efficiency of chiral chemicals using advanced analytical methods.

The growing population, declining arable land, and changing climate conditions are resulting in rising food security concerns worldwide. This represents one of the critical factors influencing the demand for chiral chemicals as they are used in the production of herbicides, pesticides, plant growth regulators, fungicides, and pheromones for optimum agricultural productivity. Apart from this, the growing awareness about naturally derived fragrances is expanding the usage of chiral chemicals in the cosmetics industry. Moreover, the rising number of individuals who suffer from chronic health conditions, along with the improving healthcare infrastructure, is expanding the application of chiral chemicals in the pharmaceutical industry. Besides this, the growing emphasis on developing safer and effective drugs with better therapeutic value is also presenting lucrative opportunities to manufacturers for expanding their market reach. Furthermore, several companies are focusing on the introduction of application-specific products, which is anticipated to promote the applications of chiral chemicals in different end use industries across the globe. Looking forward, IMARC Group expects the global chiral chemicals market to exhibit moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global chiral chemicals market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, technology and application.

Breakup by Technology:

Traditional Separation Method
Asymmetric Preparation Method
- Asymmetric Synthesis Method
- Asymmetric Catalysis Method
Biological Separation Method
Others

Breakup by Application:

Pharmaceuticals
Agrochemicals
Flavors and Fragrances
Others

Breakup by Region:

North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Chiracon GmbH, Chiral Technologies Inc. (Daicel Corporation), Codexis Inc., Johnson Matthey, PerkinElmer Inc., Solvias AG, Strem Chemicals, Toray Industries Inc. and W.R. Grace & Co.

Key Questions Answered in This Report:

How has the global chiral chemicals market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global chiral chemicals market?
What are the key regional markets?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global chiral chemicals market and who are the key players?
What is the degree of competition in the industry?