Research Nester has released a report titled “Chiral Chemicals Market – Global Demand Analysis & Opportunity Outlook 2025” which delivers detailed overview of the global chiral chemicals market in terms of market segmentation by method, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global chiral chemicals market is segmented by method into traditional separation, biological separation, asymmetric preparation methods and others, out of which, the traditional separation method segment, which held a market share of around 47% in the year 2018, is anticipated to hold the largest market share by the end of 2025 and register a CAGR of around 11% over the forecast period, i.e. 2019-2025. Additionally, the segment is also anticipated to cross a value of around USD 48000 million by the end of 2025. Moreover, the biological separation method is anticipated to grow with a significant CAGR over the forecast period.
The global chiral chemicals market is anticipated to achieve a CAGR of around 12% during the forecast period. Increasing worldwide demand for specialty and agrochemicals in the end user industries, coupled with the growing investments of manufacturers in the emerging economies around the world and the rising focus of the government of nations on manufacturing of pharmaceutical products are some of the factors contributing towards the growth of the global chiral chemicals market. Additionally, the global chiral chemicals, which held a value of around USD 48 billion in the year 2018, is anticipated to cross a value of around USD 100 billion by the end of 2025 and further achieve an absolute $ opportunity of around USD 50 billion during the forecast period.
Regionally, the global chiral chemicals market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, North America, which held a market share of around 36% in the year 2018, is anticipated to hold the largest market share by the end of 2025 owing to the presence of nations such as U.S. and Canada, where U.S. held the largest market share of around 79% in the year 2018. Moreover, the chiral chemicals market in North America is expected to cross a value of around USD 37000 million by the end of 2025 by observing the growth rate of 1.90x over the forecast period. Apparently, Germany accounted for the largest market share of around 25% in the year 2018 in the chiral chemicals market in Europe.
Growing Pharmaceutical Industry And Increasing Investments of R&D Activities
Over the years, the pharmaceutical industry and healthcare infrastructure has observed enormous growth owing to the increasing investments by the governments of nations around the globe for research and development activities. Advancements in the field has led to the development of several new drugs by the utilization of advanced chemicals, such as chiral chemicals, which possess superior chemical properties generated by the geometrical and superimposable properties. Chiral chemicals are used massively in the development of antihistamines, antivirals, in cancer therapies and several others. Moreover, with the increasing geriatric population around the globe, the need for the increase in production of medicines amongst the pharmaceutical manufacturers have also increased massively, which is also anticipated to raise the demand for chiral chemicals by these manufacturers. Such factors are anticipated to drive the growth of the global chiral chemicals market.
However, concerns regarding the restrictions imposed by several nations around the globe for the use of chiral chemicals are some of the factors anticipated to limit the growth of the global chiral chemicals market.
This report also provides the existing competitive scenario of some of the key players of the global chiral chemicals market, which includes company profiling of Bachem AG (SWX: BANB), BASF SE (ETR: BAS), The Dow Chemical Company, Solvias AG, Johnson Matthey (LON: JMAT), W.R. Grace & Co.-Conn., Thermo Fisher Scientific Inc. (NYSE: TMO), Agilent Technologies, Inc. (NYSE: A), Albemarle Corporation (NYSE: ALB) and Alps Pharmaceutical Ind. Co., Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global chiral chemicals market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.