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Chiral Chemicals Market - An Overview of Growth Factors and Competitive Analysis by 2024

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 Global Chiral Chemicals Market is expected to reach USD 119.72 billion by 2024, according to a new report by Grand View Research, Inc.

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.

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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.

Top Key Players of Chiral Chemicals Market:

Key companies include BASF SE, Johnson Matthey PLC, Solvias AG, Strem Chemicals, Bayer AG, Codexis Inc, Chiral Technologies, Rhodia, W. R. Grace & Co., PerkinElmer Inc., Dow Chemical Company, and Chiracon GmbH.

Market Segmentation of Chiral Chemicals Market:

The Global Chiral Chemicals Market Segmented on the basis of Technology and Application.

By Technology:
  •     Traditional Separation Method
  •     Asymmetric Preparation Method
                   Asymmetric Synthesis Method
                   Asymmetric Catalysis Method
  •     Biological Separation Method

By Application:
  •     Pharmaceuticals
  •     Agrochemicals
  •     Flavors/Fragrances
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