Biological Separation of Chiral Chemicals is Becoming Prevalent by the Day; Fact.MR Projects Demand to Increase by 13% CAGR
NEW YORK, Sept. 22, 2021 /PRNewswire/ -- The chiral chemicals market study by Fact.MR offers compelling insights into growth drivers and restraints impacting the market through 2030. The survey offers chiral chemicals demand outlook and studies opportunities existing in key segments in terms of end user, separation technologies, and region. It also highlights strategies adopted by market players to increase chiral chemicals sales
As per the insights by Fact.MR, the global market for chiral chemicals is anticipated to rise at a CAGR of nearly 16% over the forecast period 2020-2030.
Spurred by expansion of the pharmaceutical sector, the demand for chiral chemicals is forecast to increase considerably over the forthcoming years. In line with this, pharmaceutical manufacturers are creating strategies to produce enantiomerically pure chemicals, which in turn creating a conducive environment for growth. As a result, use of chiral chemicals in pharmaceutical applications is anticipated to account for over 3/4th of the overall market share.
The market will continue gaining from improving investments in chemical sectors especially in the emerging economies. Meanwhile, governments are charting out strategies to encourage the production of biochemicals, which is turn creating lucrative opportunities for chiral manufacturers.
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Besides these, increasing demand from agrochemical sector will cater to the market growth. This can also be attributed to shifting focus on producing eco-friendly agricultural chemicals. Key players are expected capitalize on opportunities created by the rising production of eco-friendly herbicides, fungicides, pesticides, plant growth regulators.
Leading manufacturers are increasing their investments in research and development capabilities to examine modern processes of biological separation. Fact.MR has estimated that the demand for biological separation method will grow at an impressive CAGR of 13% over the forecast period.
Regionally, North America is anticipated to demonstrate a rapid growth in the chiral chemicals market. Growth in the region is driven by presence of leading manufacturers coupled with government policies encouraging biocatalysts production.
"Leading manufacturers are expected to focus on increasing the production of enantiomerically pure chemicals. Besides this, they are capitalizing on opportunities existing in fast growing end-use segments such as pharmaceutical and agrochemicals industries," said a Fact.MR analyst.
Key Takeaways from Chiral Chemicals Market Survey
- Asia Pacific market is likely to register the fastest growth on account of increasing demand for chiral chemicals from pharmaceutical and agriculture industries.
- Driven by rapid expansion of pharmaceutical industry, demand outlook for China market remains positive.
- North America is emerging as a highly lucrative market due to increasing demand for chiral chemicals across the U.S., Canada, and Mexico.
- Europe market for chiral chemicals is projected to grow at a rapid pace due to the presence of key players in the region.
- Based on separation techniques, the demand for traditional separation techniques is forecast to surge at a steady pace over the forthcoming years.
Key Drivers
- Increasing demand for chiral chemicals in pharmaceutical applications is spurring sales prospects.
- Growing investments towards manufacturing eco-friendly agrochemicals in emerging economies is driving the growth of the chiral chemicals market.
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Competitive Landscape
Chiral chemicals manufacturers are focusing on developing innovative technologies through research and development to boost production of enantiomerically pure chemicals. Also, they are investing in acquisitions and partnerships to gain a competitive edge in the market.
For instance, in 2020, Ascensus Specialties LLC, a global leader in high-purity specialty chemicals announced the completion of acquisition of Strem Chemicals Inc. This integrated business will offer capabilities ranging from lab to large scale commercial production.
Some of the leading players operating in the chiral chemicals market profiled by Fact.MR are:
- BASF SE
- Chiracon GmbH
- Chiral Technologies Inc. (Daicel Corporation)
- Codexis Inc.
- Johnson Matthey
- PerkinElmer Inc.
- Solvias AG
- Strem Chemicals
- Toray Industries Inc.
- W.R. Grace & Co.
More Valuable Insights on Chiral Chemicals Market
Fact.MR, in its new report, offers an unbiased analysis of the global chiral chemicals market, analyzing forecast statistics through 2020 and beyond. the survey reveals growth projections on chiral chemicals market with detailed segmentation:
End-User
- Pharmaceuticals
- Agrochemicals
- Fine/Specialty Chemicals
- Food Ingredients
- Others
Separation Technologies
- HPLC
- UHPLC
- SFC
- SMB
- Others
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia and ASEAN
- Oceania
- Middle East & Africa
Key Questions Covered in the Chiral Chemicals Market Report
- The market survey also highlights projected sales growth for chiral chemicals market between 2020 and 2030
- The report offers insight into chiral chemicals demand outlook for forecast period 2020-2030
- Chiral chemicals market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, collaborations or partnerships, and others
- Chiral chemicals market analysis identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
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