Chiral Chemicals Market Overview
Chiral Chemicals Market size is
expected to be valued at US$5.9 billion by the end of the year 2027 and is set to grow at a CAGR of 8.5% during the forecast period
from 2022-2027. Chiral separations with the use of gas chromatography are done on enantiomers, a set of optical isomers that are mirror
images of each other and are non-superposable that is widely performed on chiral
stationary phases (CSPs) and is capable of hydrogen coordination, bonding
and inclusion such as terpene-derived metal-coordination compounds, amino-acid
derivatives and modified cyclodextrins respectively. Gas chromatography is used in bioanalysis of
body fluids for detecting the presence of narcotics, alcohols, drugs and
barbiturates. It can also be used in detecting pollutants and fatty acid
profiling in microbes. Gas
chromatography is widely used in researches, botany findings,
pharmaceuticals and others. The increase in the growth of these industries is
widely driving the chiral chemicals market.
COVID-19 impact
Amid the Covid-19 pandemic, the chiral
chemicals market was hugely affected owing to the various legal and economic
restrictions laid by governments across the world. However, there was significant use of chiral chemicals in the pharmaceutical industry for
research, especially during the global pandemic. But, due to the various
restrictions laid down during the pandemic across the globe, the chiral
chemicals market was hugely affected. Any movements including movement of
people and goods were banned fearing the spread of the coronavirus. This
hugely impacted the chiral chemicals market, as the sales crashed down due to
the exponential decrease in demand. The situation is however set to improve by
the year ending 2021.
Report Coverage
The report: “Chiral Chemicals Market – Forecast (2022-2027)”, by IndustryARC,
covers an in-depth analysis of the following segments of the Chiral Chemicals Industry.
By
Technology: Traditional
Separation, Asymmetric Preparation, Biological Separation and Others.
By Application: Agriculture
[Food Crops (Wheat, Rice, Pulses and Others), Cash Crops (Sugarcane, Cotton,
Oilseeds and Others), Horticulture Crops (Vegetables and Fruits), Plantation
Crops (Tea, Coffee and Others), Turf and Ornamental], Pharmaceuticals,
Fragrances and Others.
By Geography:
North America (USA, Canada, Mexico), Europe (Germany, UK,
France, Italy, France, Netherlands, Belgium Spain, Russia and Rest of Europe),
APAC (China, Japan India, South Korea, Australia, New Zealand, Indonesia,
Taiwan, Malaysia), South America (Brazil, Argentina, Colombia, Chile and Rest
of South America) and RoW (Middle East and Africa).
Key Takeaways
- Asia-Pacific market held the largest share in the chiral chemicals market owing to increase in demand from the agriculture industry and pharmaceutical industry owing to the increase in population coupled with the increase in demand for food.
- Technological advancement in the pharma industry coupled with the increase in the research and development activities is majorly driving the use of gas chromatography which is further driving the chiral chemicals market.
- The growing agricultural industry is also one of the significant factors driving the chiral chemicals market.
- Amid the Covid-19 pandemic, the chiral chemicals market was witnessed slow growth owing to the increase in demand for purity from enantiomers, for production of pure products.
FIGURE: Asia-Pacific Chiral Chemicals Market Revenue, 2021-2027 (US$ Billion)
For More Details on This Report - Request for Sample
Chiral Chemicals Market Segment Analysis – By Technology
Traditional
Separation methods segment held the largest share in the chiral chemicals
industry in the year 2021. In the traditional method, manual also includes the resolution of
conversion of diastereomers from racemates. Under the traditional/manual
separation method, enantiomers
are separately crystallized to form two different macroscopical kind of
crystals with a mirror-image relationship between them (optical isomers). This is hugely driving the
traditional separation methods in the chiral chemicals market.
Chiral Chemicals Market Segment Analysis – By Application
Agricultural segment held the
largest share in the chiral chemicals market in the year 2021. Chiral chemicals
are used in the production of pesticides such as herbicides, fungicides and
insecticides. Fungicides help in killing the growth of the fungus and
eradicating the spores of the fungus. Herbicides are used in the treatment of
poisonous plants. According to Indian Brand Equity Foundation, agriculture is
the primary source of livelihood for about 58% of India’s livelihood. Furthermore,
China implemented The Soil Pollution Prevention and Control Law, which came
into force from the year 2019. The increase in agricultural activities
across the globe is majorly increasing the demand for pesticides such as
fungicides, herbicides, bactericides and others, which is further driving the
demand for chiral chemicals market.
Chiral Chemicals Market Segment Analysis – By Geography
Asia-Pacific region held the largest share of 35% in the chiral chemicals industry in the year 2021. The increase in the population in countries like China, India and Indonesia coupled with the increase in the demand for food is increasing the demand for agricultural activities. According to worldometer, the population in China increased at a rate of 0.39% during the year 2020 from the previous year 2019 which was the highest in the world during the year. India was the second largest populated country during the year 2020, with an increase of 0.99% from the previous year 2019. The population of Indonesia also increased by 1.07%, standing as the fourth largest populated country in the world. Furthermore, according to Indian Brand Equity Foundation, agriculture is the primary source of livelihood for about 58% of India’s livelihood. Additionally, China implemented ‘The Soil Pollution Prevention and Control Law’, which came into force from the year 2019. This is further driving the demand for chiral chemicals market in the region.
Chiral Chemicals Market Drivers
Increasing demand from the pharmaceutical industry
The increasing demand from the pharmaceutical industry for the separation of optical isomers to attain the purity of enantiomers is one of the main factors driving the demand for chiral chemicals in the pharmaceutical industry. Therefore, the growth in the pharmaceutical industry is driving the demand for chiral chemicals. For instance, according to the latest report published by European Federation of Pharmaceutical Industries and Associations in the year 2020, the pharmaceutical industry in the United States grew by 6.1%, the pharmaceutical industry of the European Nation grew by 5.4% during the year 2019, the pharmaceutical industry of India grew by 11.1% and Brazilian pharmaceutical industry grew by 11.2%. This is further driving the antiseptics and disinfectants market. This will further contribute to the growth of the chiral chemicals market.
Growth in the agricultural industry
The growth in the agriculture
industry across the globe is one of the main and significant factors driving
the demand for chiral chemicals market across the globe. For an instance, according
to US department of agriculture, the agriculture and food related industries in
USA contributed around 5.2% share of the total GDP during the year 2020. Furthermore,
according to National statistics of UK, the production of seeds increased by
17% in the year 2020 and the production of plant protection products increased
by 10%. Additionally, according to the Organisation for Economic Cooperation and
Development (OECD), the total value of farm production in Japan was US$84,162
million during the year 2019, an increase of 2.63% fromUS$81,999 during the
year 2018. This will further increase the demand for chiral chemicals market.
Chiral Chemicals Market Challenges
Environmental concerns
The production and use of chiral chemicals
release highly volatile compounds which is hazardous to human health and the
environment in which it is released.
Chiral chemicals are sensitive chemicals which needs to be used by experts with
utmost care. For instance, in most countries the limit set for the content of
such volatile organic compounds, is 90 parts per million (ppm) total content,
based on the weight of the total non-volatile content of the chemical. Any
amount beyond the specified limit will attract legal actions. This is one of
the majors constraint restricting the growth of the chiral chemicals market.
Chiral Chemicals Industry Outlook
Acquisitions and mergers, production expansion, facility
expansion collaborations, partnerships, investments, are some of the key
strategies adopted by players in the Chiral Chemicals Market. Chiral Chemicals top 10 companies are:
- Chiral Technologies
- BASF SE
- Chiracon GmbH
- Strem Chemicals
- Johnson Matthey PLC
- The Dow Chemical Company
- PerkinElmer Inc.
- Codexis Inc.
- W. R. Grace & Co.
- Bayer AG
Acquisitions/Technology Launches
In June 2, 2021, Aceto acquired
Cascade Chemistry, a manufacturer of active pharmaceutical ingredients and
advanced intermediaries. This acquisition helped Aceto in providing
enhanced support to customers through and expanding their base in North
America.
Relevant Reports
Fine
Chemicals Market – Forecast (2021 - 2026)
Report Code: CMR 0411
Chiral
Chromatography Column Market – Forecast (2021 - 2026)
Report Code: HCR 14705
LIST OF TABLES
1.Global Chiral Chemical Application Outlook Market 2023-2030 ($M)1.1 Share By Application Market 2023-2030 ($M) - Global Industry Research
1.2 Pharmaceutical Market 2023-2030 ($M) - Global Industry Research
1.3 Agrochemicals Market 2023-2030 ($M) - Global Industry Research
1.4 Flavors/Fragrances Market 2023-2030 ($M) - Global Industry Research
2.Global Competitive Landscape Market 2023-2030 ($M)
2.1 Solvias Ag Market 2023-2030 ($M) - Global Industry Research
2.2 Strem Chemical Inc Market 2023-2030 ($M) - Global Industry Research
2.3 Chiral Technologies, Inc Market 2023-2030 ($M) - Global Industry Research
2.4 Johnson Matthey Plc Market 2023-2030 ($M) - Global Industry Research
2.5 Basf Se Market 2023-2030 ($M) - Global Industry Research
2.6 Rhodia Inc Market 2023-2030 ($M) - Global Industry Research
2.7 W. R. Grace Co Market 2023-2030 ($M) - Global Industry Research
2.8 Perkinelmer Inc Market 2023-2030 ($M) - Global Industry Research
2.9 Codexis, Inc Market 2023-2030 ($M) - Global Industry Research
2.10 Bayer Ag Market 2023-2030 ($M) - Global Industry Research
2.11 Dow Chemical Company Market 2023-2030 ($M) - Global Industry Research
2.12 Chiracon Gmbh Market 2023-2030 ($M) - Global Industry Research
3.Global Chiral Chemical Application Outlook Market 2023-2030 (Volume/Units)
3.1 Share By Application Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Pharmaceutical Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Agrochemicals Market 2023-2030 (Volume/Units) - Global Industry Research
3.4 Flavors/Fragrances Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Competitive Landscape Market 2023-2030 (Volume/Units)
4.1 Solvias Ag Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Strem Chemical Inc Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Chiral Technologies, Inc Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Johnson Matthey Plc Market 2023-2030 (Volume/Units) - Global Industry Research
4.5 Basf Se Market 2023-2030 (Volume/Units) - Global Industry Research
4.6 Rhodia Inc Market 2023-2030 (Volume/Units) - Global Industry Research
4.7 W. R. Grace Co Market 2023-2030 (Volume/Units) - Global Industry Research
4.8 Perkinelmer Inc Market 2023-2030 (Volume/Units) - Global Industry Research
4.9 Codexis, Inc Market 2023-2030 (Volume/Units) - Global Industry Research
4.10 Bayer Ag Market 2023-2030 (Volume/Units) - Global Industry Research
4.11 Dow Chemical Company Market 2023-2030 (Volume/Units) - Global Industry Research
4.12 Chiracon Gmbh Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Chiral Chemical Application Outlook Market 2023-2030 ($M)
5.1 Share By Application Market 2023-2030 ($M) - Regional Industry Research
5.2 Pharmaceutical Market 2023-2030 ($M) - Regional Industry Research
5.3 Agrochemicals Market 2023-2030 ($M) - Regional Industry Research
5.4 Flavors/Fragrances Market 2023-2030 ($M) - Regional Industry Research
6.North America Competitive Landscape Market 2023-2030 ($M)
6.1 Solvias Ag Market 2023-2030 ($M) - Regional Industry Research
6.2 Strem Chemical Inc Market 2023-2030 ($M) - Regional Industry Research
6.3 Chiral Technologies, Inc Market 2023-2030 ($M) - Regional Industry Research
6.4 Johnson Matthey Plc Market 2023-2030 ($M) - Regional Industry Research
6.5 Basf Se Market 2023-2030 ($M) - Regional Industry Research
6.6 Rhodia Inc Market 2023-2030 ($M) - Regional Industry Research
6.7 W. R. Grace Co Market 2023-2030 ($M) - Regional Industry Research
6.8 Perkinelmer Inc Market 2023-2030 ($M) - Regional Industry Research
6.9 Codexis, Inc Market 2023-2030 ($M) - Regional Industry Research
6.10 Bayer Ag Market 2023-2030 ($M) - Regional Industry Research
6.11 Dow Chemical Company Market 2023-2030 ($M) - Regional Industry Research
6.12 Chiracon Gmbh Market 2023-2030 ($M) - Regional Industry Research
7.South America Chiral Chemical Application Outlook Market 2023-2030 ($M)
7.1 Share By Application Market 2023-2030 ($M) - Regional Industry Research
7.2 Pharmaceutical Market 2023-2030 ($M) - Regional Industry Research
7.3 Agrochemicals Market 2023-2030 ($M) - Regional Industry Research
7.4 Flavors/Fragrances Market 2023-2030 ($M) - Regional Industry Research
8.South America Competitive Landscape Market 2023-2030 ($M)
8.1 Solvias Ag Market 2023-2030 ($M) - Regional Industry Research
8.2 Strem Chemical Inc Market 2023-2030 ($M) - Regional Industry Research
8.3 Chiral Technologies, Inc Market 2023-2030 ($M) - Regional Industry Research
8.4 Johnson Matthey Plc Market 2023-2030 ($M) - Regional Industry Research
8.5 Basf Se Market 2023-2030 ($M) - Regional Industry Research
8.6 Rhodia Inc Market 2023-2030 ($M) - Regional Industry Research
8.7 W. R. Grace Co Market 2023-2030 ($M) - Regional Industry Research
8.8 Perkinelmer Inc Market 2023-2030 ($M) - Regional Industry Research
8.9 Codexis, Inc Market 2023-2030 ($M) - Regional Industry Research
8.10 Bayer Ag Market 2023-2030 ($M) - Regional Industry Research
8.11 Dow Chemical Company Market 2023-2030 ($M) - Regional Industry Research
8.12 Chiracon Gmbh Market 2023-2030 ($M) - Regional Industry Research
9.Europe Chiral Chemical Application Outlook Market 2023-2030 ($M)
9.1 Share By Application Market 2023-2030 ($M) - Regional Industry Research
9.2 Pharmaceutical Market 2023-2030 ($M) - Regional Industry Research
9.3 Agrochemicals Market 2023-2030 ($M) - Regional Industry Research
9.4 Flavors/Fragrances Market 2023-2030 ($M) - Regional Industry Research
10.Europe Competitive Landscape Market 2023-2030 ($M)
10.1 Solvias Ag Market 2023-2030 ($M) - Regional Industry Research
10.2 Strem Chemical Inc Market 2023-2030 ($M) - Regional Industry Research
10.3 Chiral Technologies, Inc Market 2023-2030 ($M) - Regional Industry Research
10.4 Johnson Matthey Plc Market 2023-2030 ($M) - Regional Industry Research
10.5 Basf Se Market 2023-2030 ($M) - Regional Industry Research
10.6 Rhodia Inc Market 2023-2030 ($M) - Regional Industry Research
10.7 W. R. Grace Co Market 2023-2030 ($M) - Regional Industry Research
10.8 Perkinelmer Inc Market 2023-2030 ($M) - Regional Industry Research
10.9 Codexis, Inc Market 2023-2030 ($M) - Regional Industry Research
10.10 Bayer Ag Market 2023-2030 ($M) - Regional Industry Research
10.11 Dow Chemical Company Market 2023-2030 ($M) - Regional Industry Research
10.12 Chiracon Gmbh Market 2023-2030 ($M) - Regional Industry Research
11.APAC Chiral Chemical Application Outlook Market 2023-2030 ($M)
11.1 Share By Application Market 2023-2030 ($M) - Regional Industry Research
11.2 Pharmaceutical Market 2023-2030 ($M) - Regional Industry Research
11.3 Agrochemicals Market 2023-2030 ($M) - Regional Industry Research
11.4 Flavors/Fragrances Market 2023-2030 ($M) - Regional Industry Research
12.APAC Competitive Landscape Market 2023-2030 ($M)
12.1 Solvias Ag Market 2023-2030 ($M) - Regional Industry Research
12.2 Strem Chemical Inc Market 2023-2030 ($M) - Regional Industry Research
12.3 Chiral Technologies, Inc Market 2023-2030 ($M) - Regional Industry Research
12.4 Johnson Matthey Plc Market 2023-2030 ($M) - Regional Industry Research
12.5 Basf Se Market 2023-2030 ($M) - Regional Industry Research
12.6 Rhodia Inc Market 2023-2030 ($M) - Regional Industry Research
12.7 W. R. Grace Co Market 2023-2030 ($M) - Regional Industry Research
12.8 Perkinelmer Inc Market 2023-2030 ($M) - Regional Industry Research
12.9 Codexis, Inc Market 2023-2030 ($M) - Regional Industry Research
12.10 Bayer Ag Market 2023-2030 ($M) - Regional Industry Research
12.11 Dow Chemical Company Market 2023-2030 ($M) - Regional Industry Research
12.12 Chiracon Gmbh Market 2023-2030 ($M) - Regional Industry Research
13.MENA Chiral Chemical Application Outlook Market 2023-2030 ($M)
13.1 Share By Application Market 2023-2030 ($M) - Regional Industry Research
13.2 Pharmaceutical Market 2023-2030 ($M) - Regional Industry Research
13.3 Agrochemicals Market 2023-2030 ($M) - Regional Industry Research
13.4 Flavors/Fragrances Market 2023-2030 ($M) - Regional Industry Research
14.MENA Competitive Landscape Market 2023-2030 ($M)
14.1 Solvias Ag Market 2023-2030 ($M) - Regional Industry Research
14.2 Strem Chemical Inc Market 2023-2030 ($M) - Regional Industry Research
14.3 Chiral Technologies, Inc Market 2023-2030 ($M) - Regional Industry Research
14.4 Johnson Matthey Plc Market 2023-2030 ($M) - Regional Industry Research
14.5 Basf Se Market 2023-2030 ($M) - Regional Industry Research
14.6 Rhodia Inc Market 2023-2030 ($M) - Regional Industry Research
14.7 W. R. Grace Co Market 2023-2030 ($M) - Regional Industry Research
14.8 Perkinelmer Inc Market 2023-2030 ($M) - Regional Industry Research
14.9 Codexis, Inc Market 2023-2030 ($M) - Regional Industry Research
14.10 Bayer Ag Market 2023-2030 ($M) - Regional Industry Research
14.11 Dow Chemical Company Market 2023-2030 ($M) - Regional Industry Research
14.12 Chiracon Gmbh Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Chiral Chemicals Market Revenue, 2023-2030 ($M)2.Canada Chiral Chemicals Market Revenue, 2023-2030 ($M)
3.Mexico Chiral Chemicals Market Revenue, 2023-2030 ($M)
4.Brazil Chiral Chemicals Market Revenue, 2023-2030 ($M)
5.Argentina Chiral Chemicals Market Revenue, 2023-2030 ($M)
6.Peru Chiral Chemicals Market Revenue, 2023-2030 ($M)
7.Colombia Chiral Chemicals Market Revenue, 2023-2030 ($M)
8.Chile Chiral Chemicals Market Revenue, 2023-2030 ($M)
9.Rest of South America Chiral Chemicals Market Revenue, 2023-2030 ($M)
10.UK Chiral Chemicals Market Revenue, 2023-2030 ($M)
11.Germany Chiral Chemicals Market Revenue, 2023-2030 ($M)
12.France Chiral Chemicals Market Revenue, 2023-2030 ($M)
13.Italy Chiral Chemicals Market Revenue, 2023-2030 ($M)
14.Spain Chiral Chemicals Market Revenue, 2023-2030 ($M)
15.Rest of Europe Chiral Chemicals Market Revenue, 2023-2030 ($M)
16.China Chiral Chemicals Market Revenue, 2023-2030 ($M)
17.India Chiral Chemicals Market Revenue, 2023-2030 ($M)
18.Japan Chiral Chemicals Market Revenue, 2023-2030 ($M)
19.South Korea Chiral Chemicals Market Revenue, 2023-2030 ($M)
20.South Africa Chiral Chemicals Market Revenue, 2023-2030 ($M)
21.North America Chiral Chemicals By Application
22.South America Chiral Chemicals By Application
23.Europe Chiral Chemicals By Application
24.APAC Chiral Chemicals By Application
25.MENA Chiral Chemicals By Application