Global Chiral Chemicals Market by Technology (Asymmetric Preparation, Biological Separation), by Application (Agrochemicals, Pharmaceuticals, Flavors/Fragrances) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2015, the global market for chiral chemicals was worth USD 39.79 million. This is due to heavy investments made by manufacturers in emerging countries and a growing government focus on pharmaceutical manufacturing. The rising trend in contract manufacturing within the pharma industry will likely have a positive effect on product demand during the forecast period.

Chiral chemicals are a class of compounds that contain an asymmetrical carbon centre in the molecule. These chiral molecules cannot be superimposable in their mirror image. They are also known as optical isomers or enantiomers. This product is increasingly being used in pharmaceutical, and fine chemicals. Many companies are working to improve the yield of chiral chemical.

The European Commission Framework 7 has taken KYROBIO as one example of such an initiative to develop biocatalysts that can be used for industrial synthesis. Among the companies involved in the production and distribution of many pharmaceutical intermediates are BASF SE, Perkin Elmer, Codexis, Inc., and Rhodia, Inc.

To increase product efficacy, companies are now focusing on the development and production of specific products for each application. Microreactors have allowed local manufacturers to gain access to the market by improving manufacturing efficiency. Pharmaceuticals, agrochemicals and fragrance producers are the major industries that make up the value chain. Bulk ordering is an important feature of the value-chain as key manufacturers use this method to supply raw materials.

Application Insights

Globally, pharmaceuticals accounted for 72.5% of the market share in 2015. This segment is expected to see a rise in demand for chiral chemical products due to the need for pharmaceutical formulations that are enantiomerically pure. The forecast period will see a rise in North America's and European demand due to technological advancements and companies' extensive R&D. Due to growing demand for eco-friendly pesticides, agrochemicals will see a significant increase of more than 14% between 2016 and 2024.

Chiral chemicals are used to make a variety of agrochemicals. These include herbicides and pesticides as well as plant growth regulators and fungicides. The future will see a rise in agricultural chemicals applications due to the growing population and a greater focus on crop yield. The agrochemicals market will see a rise in demand for eco-friendly chemicals that target specific areas of plants health.

The Flavors & Fragrances niche is growing at a high CAGR. This application segment is expected to grow because of the demand for natural-derived fragrances. Terpenes are components of Essential oils and are used in the chiral synthesis or flavoring of fragrances. Single-enantiomer fragrances are more stable, biodegradable, and, in some cases, have a stronger scent.

Technology Insights

Traditional separation methods made up 47.6% of total market share in 2015. They are expected to continue to be the largest technology segment for the next few years. Traditional separation involves manual separation of isomers, and resolution of racemates following conversion into diastereomers.

The manual separation method allows enantiomers to be crystallized in two different ways. They form two types of macroscopically distinct crystals that have a mirror-image relationship. For the separation of enantiomers, chromatographic methods such as (GC), High-Pressure Liquid Chromatography HPLC (HPLC) and Thin-Layer Chromatography TLC (TLC) are increasingly being used.

From 2016 to 2024, the asymmetric preparation process is expected to experience a CAGR exceeding 14%. This is due to the increasing popularity of pharmaceutical applications that require the synthesis diastereomers and enantiomers with different biological activities. Asymmetric catalysis is the most popular and fastest-growing method for asymmetric preparation due to its high yield and low cost.

Research and development for new technologies will be encouraged if there is a focus on safer, more effective drugs that have better therapeutic value. The market will be driven by constant technological innovation that is necessary for large-scale production of chiral chemicals.

Regional Insights

Because of technological advances and the presence of many key companies, North America held the largest market share. The region's growing demand for natural-derived fragrances is expected to drive growth in the coming years. Asia Pacific will likely experience the fastest growth, at 18%, between 2016 and 2024 due to increasing foreign investment in China or India.

These countries have low manufacturing costs, which attracts pharmaceutical manufacturers. This increases product demand. Market growth will also be driven by extensive R&D in the development of novel drugs to treat rare diseases. Countries like Germany and Switzerland have high numbers of pharmaceutical manufacturing businesses. This is driving the European market. Due to the increasing number of contract manufacturing plants in Eastern Europe, product demand in this region is expected to rise.

Market Share in Chiral Chemicals

There are many prominent companies on the market, including BASF SE, Johnson Matthey PLC, Solvias AG, Strem Chemicals, Bayer AG, Codexis, Inc., Codexis, Inc., Chiral Technologies, Rhodia, W. R. Grace & Co., PerkinElmer, Inc., The Dow Chemical Company, and Chiracon GmbH. These companies have adopted key strategies to expand their global reach, including partnerships and agreements.

In February 2016, Strem Chemicals, Inc. formed a partnership with Chiral Technologies. Daicel's chiral products will be distributed in Europe and the U.S. The company was able to expand its product range thanks to this agreement. To strengthen its presence in Central & South America, Chiral Technologies also signed an exclusive distribution deal with Scanco International S.A. in July 2016.

Up Market Research published a new report titled “Chiral Chemicals Market research report which is segmented by Technology (Asymmetric Preparation, Biological Separation), by Application (Agrochemicals, Pharmaceuticals, Flavors/Fragrances), By Players/Companies Inc; Chiral Technologies; Rhodia; W R Grace & Co; PerkinElmer, Inc; The Dow Chemical Company; and Chiracon GmbH Key strategies adopted by these companies to increase their global reach include partnerships and agreements, BASF SE; Johnson Matthey PLC; Solvias AG; Strem Chemicals; Bayer AG; Codexis”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Chiral Chemicals Market Report Segments:

The market is segmented by Technology (Asymmetric Preparation, Biological Separation), by Application (Agrochemicals, Pharmaceuticals, Flavors/Fragrances).

Chiral Chemicals Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Chiral Chemicals Market

Overview of the regional outlook of the Chiral Chemicals Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Chiral Chemicals Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Chiral Chemicals Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Asymmetric Preparation

                2. Biological Separation

                1. Agrochemicals

                2. Pharmaceuticals

                3. Flavors/Fragrances

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Chiral Chemicals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
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Reasons to Purchase the Chiral Chemicals Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.