Chiral Chemicals Market Segmentation, Analysis by Production, Consumption, Revenue and Growth Rate by 2030

The Global Chiral Chemicals Market size is estimated to be USD 57.79 billion in 2019 and is predicted to reach USD 150.64 billion by 2030 with a CAGR of 9.1% from 2020-2030.

The chiral compounds are comprised of carbon atom at center attached to other four different substitutes. The left-hand and right-hand configurations are known as enantiomers. Enantiomers show relatively same physical properties that of chiral compounds but the difference exists based on the direction in which they rotate the plane polarized light. The chiral technology has made important growth over the recent years, and the development of chiral chemicals has become faster and cost effective with the development of advanced analytical methods.

The importance of chiral compounds rises in the pharmaceutical industry for drug production and development, and can also be substantiated by the fact that more than half of the total drugs existing today are chiral compounds. Moreover, the chiral drug enantiomers show same physical properties and are connected by same chemical atoms, which exhibit significant differences in their pharmacology and effects on biological organisms. It is being increasingly used for application in agrochemicals and fine chemicals. The fastest growing chiral end-uses will include antihistamines, cancer therapies, antivirals, antibiotics, anorexics, and antidiabetics.

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Competitive Landscape:

Comprehensive competitive analysis and profiles of major market players such as Dow Chemical Company, BASF SE, Solvias AG, Johnson Matthey PLC, Strem Chemicals, Codexis Inc, Bayer AG, Chiral Technologies, W. R. Grace & Co., Rhodia, PerkinElmer Inc., and Chiracon GmbH is also provided in this chiral chemicals market report.

Market Dynamics and Trends:

Increasing government focus towards pharmaceutical manufacturing and rising investment by the manufacturers in emerging economies are the major factors propelling the market growth. More than 80% of the drugs are manufactured currently containing the chiral chemicals due to the approval by FDA as safe ingredients. Furthermore, an advent of bio-catalytic synthesis of the chiral chemical also anticipated to open new avenues to market players. However, stringent government regulations and environmental issues regarding with the chiral pesticides are restraining the market growth during the forecast period.

The key strategies are been adopted by the various market players include partnerships and agreements in order to upsurge their reach in the global market. Moreover, the high investment in R&D activities for developing new product or technology is the major barrier for the industry. Huge developments are coming into picture regarding to the analytical techniques of chiral and its enantiomers chemicals, both during the production and development of the drug or while monitoring the effects.

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Market Segmentations and Scope of the Study:

The global chiral chemicals market share is analyzed on the basis of technology, application, and geography. On the basis of technology, the market is segmented into traditional separation method, asymmetric preparation method, biological separation method, and other separation methods. Asymmetric preparation method is further bifurcated into asymmetric synthesis method and asymmetric catalysis method. According to the application, the market is classified into the pharmaceuticals, agrochemicals, flavours/fragrances, and other applications. The regional analysis of chiral chemicals market comprises of North America, Europe, Asia Pacific, and Rest of the World.

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