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Business World

Chiral Chemicals Market- Recent Study Including Growth Factors, Regional Analysis and Forecast till 2023 by Key Players

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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Competition Dashboard:

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.

Industry Trend:

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.

Segmentation:

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.

Regional Analysis:

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.

Company Profile:

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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