Chiral technology is widely spread in human life for instance, drugs for treating diseases, hair sprays, clothes and other several materials are composed of chiral molecules. The global market of chiral technology was USD 4.75 billion by 2010 and expected to reach at USD 5.83 billion by 2017 at an estimated CAGR of 3.05% between 2010 and 2017. Chiral technology market can be segmented into three sub markets:
• Chiral synthesis market
• Chiral resolution market
• Chiral analysis market
Chiral synthesis market possesses maximum potential as it accounts more than 80% of total chiral technology market. This sector was worth USD 3.7 billion in 2010 and expected to lead the chiral technology market in coming five year on an average annual growth rate of 2.5%. The chiral analysis market was USD 734 million in 2010 and expected to reach at USD 1.06 billion by 2017 at an estimated CAGR of 5.4% between 2010 and 2017.
Among all the regions USA possess maximum potential as it accounts for more than 40% of the total chiral technology market in 2010. While Canada, Asia-pacific and Latin America represents the fastest growing market for chiral technology.
Increasing demand in pharmaceutical and agrochemical industries for chiral-based products is one of the major factors driving chiral technology market globally. Increasing use of chiral drugs and development of chiral forms of insecticides, pesticides, herbicides and fungicides are also driving chiral technology market.
The report analyses the global scenario of chiral technology Market discussing detailed overview and market figures. The research report analyses the industry growth rate, industry capacity, and industry structure. The report analyses the historical data and forecasts the chiral technology Market size, production forecasts along with key factors driving and restraining the market.