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.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/chiral-chemicals-market/request-sample
The key driving factors responsible for the growth of Chiral
Chemicals market :
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.
The key players of chiral
chemicals market 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. These
players are concentrating on inorganic growth to sustain themselves amidst
fierce competition.
View Full Table of Contents of This Report @ https://www.millioninsights.com/industry-reports/chiral-chemicals-market
No comments:
Post a Comment