Chiral Chemicals Market

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Chiral Chemicals MARKET 2020
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Chiral Chemicals MARKET 2020
Chiral Chemicals Market 2020 Industry Survey,
Growth, CompetitiveLandscape and Forecasts to
2023
The chiral chemicals market is estimated to reach
USD 96,894.20 million by the end of 2023 and is
projected to grow at a CAGR of 13.67 during the
forecast period. This is attributed to the
surging demand for the product from
pharmaceuticals applications. In addition to
this, the chiral chemicals are readily
penetrating the steadily growing agrochemicals
industry. Moreover, the major market players are
investing a sizeable share of their revenue for
the innovation and development of new product
range, which is expected to drive the growth of
the market during the forecast period. Lastly,
with the emergence of bio-catalytic synthesis of
chiral chemicals is likely to favor the growth of
the market during the years to follow. However,
the restraining factor operating against the
growth trajectory of the market is the stringent
government regulations in place to limit the use
and production of chiral chemicals based
pesticides to prevent environmental and health
issues.
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Chiral Chemicals MARKET 2020
Market Segmentation Global chiral chemicals
market segmented on the basis of technology,
application, and region. Based on the technology,
the global chiral chemicals market is segregated
into traditional separation method, asymmetric
preparation method, and biological separation
method. Among them, the traditional separation
method is dominating the market with 48 share of
the market in 2016. In the coming years, the
traditional separation method is anticipated to
retain its dominance due to ease of operation and
high knowledge about the technology. Yet the
asymmetric separation method is estimated to grow
at the highest CAGR during the forecast period
due to increasing demand from the swiftly growing
pharmaceuticals industry. On the basis of the
applications, the global chiral chemicals market
is categorized into pharmaceutical, agrochemical,
flavors, and fragrances, among others. The
pharmaceutical application segment is the largest
among other segments, in terms of market size. It
has been estimated to reach USD 65,662.7 Million
by the end of 2023. This is attributed to the
regulatory requirements and competitive
advantages promote the development of new and
reformulated drug containing single isomer active
ingredient. The agrochemical is another
i5mportant application of chiral chemicals, which
is expected to witness a considerable growth at
the highest CAGR, among other application
segments. Enquiry of the Report
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Chiral Chemicals MARKET 2020
Regional Analysis
Geographically, the global chiral chemicals
market is spanned across five major regions
namely North America, Asia Pacific, Europe, the
Middle East Africa, and Latin America. As per
the analysis of MRFR, North America dominated the
global chiral chemicals market and accounted for
the largest share of the market in 2016 owing to
the significant presence of end-use industries
such as foods beverages and pharmaceuticals.
Yet, Asia Pacific is the fastest growing region
in the global chiral chemicals market. The region
is expanding at a CAGR of 17.56, which is
attributed to the rapid industrialization in the
region along with the presence of a considerable
number of producers coupled with research
development in application industries. The Asia
Pacific is following European market, in terms of
market size, which is accounted for the second
largest share in the global chiral chemicals
market, as of 2016. Europe is estimated to reach
USD 25,236.3 million by the end of 2023.
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om/reports/chiral-chemicals-market-4940
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Chiral Chemicals MARKET 2020
Application Major Players in this Research
Chiral Chemicals Market Prominent Players Market
Research Future (MRFR) recognizes the following
companies as the key players in the global chiral
chemicals market that includes BASF SE (Germany),
Solvias AG (Switzerland), Strem Chemicals, Inc
(U.S.), Johnson Matthey Plc (U.K.), W. R. Grace
Co.-Conn (U.S.), Chiral Quest (Suzhou) Co.,Ltd
(China), Tyche Industries Limited (India),
Nanjing Legend Pharmaceutical (China), The Dow
Chemical Company (U.S.), and Flamma S.p.A
(Italy), and others.
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chfuture.com/sample_request/4940
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