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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.
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:
Breakup by Application:
Breakup by Region:
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.
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