Chiral Chemicals Market Analysis of Sales, Revenue, Share and Growth Rate to 2024

21^st February 2020 – The Chiral Chemicals Market report provides in-depth analysis and insights into developments impacting businesses and enterprises on global and regional level. The study covers the global Chiral Chemicals Market presentation regarding revenue contribution from multiple segments and covers a comprehensive analysis of key market trends, drivers, restraints, and opportunities influencing revenue growth of the industry. This research report studies the market size, industry status and forecast, competition landscape and growth opportunities.

Global chiral chemicals market is expected to reach USD 119.72 billion by 2024. Chiral chemicals are obtained by separating the isomers of racemic compounds using chromatography as a principal method. The chirality plays an important role in fragrance and flavor chemistry. The chiral chemicals market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.

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The factors that are playing a major role in the growth of chiral chemicals market are rising demand for enhanced healthcare facilities, a government initiative for the development of the pharmaceutical sector in emerging countries, rising demand from agrochemical industries. However, strict government policy and environmental issues on using chiral pesticides may restrain overall market growth in the years to come. Chiral chemicals industry is segmented based on technology, application, and region.

Based on technology, the biological separation method, traditional separation method, asymmetric preparation method, and others could classify chiral chemicals in the forecast period. The asymmetric preparation method sector comprises asymmetric catalysis method and asymmetric synthesis method. The traditional separation method accounted for the significant market share of chiral chemicals and is estimated to continue its dominance in the years to come. The reason behind the overall market growth could be the presence of enhanced technology. Also, asymmetric preparation sector is estimated to grow at the fastest pace in the years to come.

The market may be categorized based on applications like flavors/fragrances, pharmaceuticals, agrochemicals, and others could be explored in chiral chemicals in the forecast period. The pharmaceutical sector accounted for the significant market share of chiral chemicals and is estimated to lead the overall market in the years to come. The reason could be the rising demand for enantiomerically pure products in pharmaceutical preparations, extensive R&D, and rising use of enhanced technology.

Globally, North America accounted for the substantial market share of chiral chemicals and is estimated to lead the overall market in the years to come. The reason behind the overall market share could be the presence of key manufacturers in this region, technological enhancement, and growing pharmaceutical sector in Mexico.

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise low manufacturing and labor cost, growing demand for chiral chemicals, and growing foreign investors in India and China. The developing countries like India and China are the major consumers of chiral chemicals in this region.

Some of the major objectives of this report:

·         To present detailed analysis of the market structure along with forecast of the various segments and sub-segments of global Chiral Chemicals Market.

·         To provide insights about factors affecting the market growth. To analyze the Chiral Chemicals Market based on various factors- price analysis, supply chain analysis, porter five force analysis etc.

·         To provide historical and forecast revenue of the Chiral Chemicals Market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World.

·         To provide country level analysis of the market for segment by application, product type and sub-segments.

·         Trace and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product evolutions, and research and developments in the Market.

·         To present strategic profiling of key players in the market, comprehensively analyzing their basic capabilities.

Some of the Major Market Players Are:

Chiracon GmbH, BASF SE, Dow Chemical Company, Johnson Matthey PLC, PerkinElmer Inc., Solvias AG, W. R. Grace & Co., Strem Chemicals, Rhodia, Bayer AG, Chiral Technologies, and Codexis Inc.

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