San Francisco, 09 January, Chiral Chemicals Market Analysis By Technology
(Traditional Separation Method, Asymmetric Preparation Method [Asymmetric
Synthesis Method, Asymmetric Catalysis Method], Biological Separation Method),
By Application (Pharmaceuticals, Agrochemicals, Flavors/Fragrances) And Segment
Forecasts To 2024
The global chiral chemicals market is expected to reach USD
119.72 billion by 2024, according to a new report by Grand View Research, Inc.
Rising population coupled with increasing demand for better healthcare
facilities is expected to have a positive impact on the demand over the forecast
period. In addition, increasing government support towards the development of
pharmaceutical manufacturing in developing economies is likely to augment the
demand over the coming years.
The number of patents related to pesticides
and crop protection chemicals manufactured using chiral chemicals has been
increasing at a rapid pace. Regulatory agencies have become more vigilant on
account of increasing applications of chiral chemicals in agrochemicals. This
has led to increasing government focus towards development of policies for
proper consumption of the product in the agriculture industry. The
Environmental Fate and Effects Division gathers data regarding stereoisomeric
pesticide compounds to determine their toxicity and also prevent the harm
caused by enriched mixtures.
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Research Report On Chiral Chemicals Market Analysis:
Further key findings from the report suggest:
·
Traditional separation
technology is anticipated to witness a CAGR of about 12.0% from 2016 to 2024.
Extensive R&D towards gas chromatography is anticipated to propel the market
growth over the forecast period.
·
The asymmetric synthesis method
is likely to witness a CAGR of over 13% from 2016 to 2024 on account of the low
cost of the reagents and auxiliaries used. However, low yield from this process
is anticipated to restrain the market development over the next eight years.
·
Flavors and fragrances
application is anticipated to witness considerable growth over the forecast
period. Chiral chemicals possess different fragrances in its diverse optical
forms which are increasingly being utilized by the cosmetics companies.
·
Latin America is anticipated to
witness above average growth rate on account of increasing pharmaceutical
manufacturing in Brazil & Argentina. Supportive regulatory policies and
infrastructure development in the region is likely to support the
pharmaceutical manufacturing in the region, thereby propelling the demand for
chiral chemicals over the forecast period.
·
The global distributors have
established joint agreements with local manufacturers to facilitate the supply
of chiral chemicals in the respective countries. The emergence of e-commerce as
a distribution channel is also impacting the market as numerous end-use
industries prefer this channel to get samples and product related information.
Basic Chemical Solutions, PRINOVA, and Petrochem Middle East are some of the
key product suppliers.
Browse More Reports Of This Category By Grand View
Research At: www.grandviewresearch.com/industry/agrochemicals-and-fertilizers
Grand View Research has segmented the
global chiral chemicals market on the basis of technology, application, and
region:
Technology Outlook (Revenue,
USD Million, 2013 - 2024)
·
Traditional Separation Method
·
Asymmetric Preparation Method
o
Asymmetric Synthesis Method
o
Asymmetric Catalysis Method
·
Biological Separation Method
·
Other Separation Methods
Application Outlook (Revenue,
USD Million, 2013 - 2024)
·
Pharmaceuticals
·
Agrochemicals
·
Flavors/Fragrances
·
Other Applications
Regional Outlook (Revenue, USD
Million, 2013 - 2024)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
o
France
o
Switzerland
o
Russia
·
Asia Pacific
o
China
o
India
·
Latin America
·
MEA
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
