Global Chiral Chemicals Market: Overview

The global chiral chemicals market has grown steadily over the years due to rising governments’ focus towards pharmaceutical manufacturing. The chiral chemicals or compounds are mainly comprised of a centered-carbon atom which is attached to four other substitutes. However, the stereocenter of chiral chemical may not be only occupied by carbon atom, it may also consist of trivalent sulfur or tetravalent phosphorus compounds. Chiral compound’s left hand and right hand configurations are known as enantiomers. Such enantiomers possess same physical properties, but they are different from others depending on the direction of rotation. Chirality plays a crucial role in animals, plants, agrochemical, and pharmaceutical sectors. This is because all the enzymes, amino acids, proteins, hormones, and carbohydrates are chiral compounds. Such USPs are majorly driving the global chiral chemicals market.

From the perspective of applications, the global chiral chemicals market is segmented into agricultural chemicals, pharmaceutical, fragrances, and flavors. Among all these applications, agrochemicals segment is expected to witness a significant growth during the assessment period. This is due to the increasing demand for eco-friendly crops and pesticides. Furthermore, chiral chemicals are also used in manufacturing key agrochemicals include plant growth regulators, pheromones, herbicides, and fungicides. All such advantages are expected to be fueling growth in the global chiral chemicals market.

Global Chiral Chemicals Market: Notable Developments

A few recent developments may enlarge the growth boundaries of the global chiral chemicals market in a big way include:

  • Several companies in the global chiral chemicals market along with various associations have taken an approach to invent an advanced technology for increasing the production of chiral chemicals.
  • European Commission Framework 7 has taken an initiative, named as KYROBIO for developing an ample amount of biocatalyst, which helps in industrial synthesis of chiral chemicals to obtain artificial or synthetic chiral chemicals.
  • The market players in the global chiral chemicals market are emphasizing on the development of application specific chiral chemicals to increase the efficacy and yield of the desired product.

Key players operating in the global chiral chemicals market include Strem Chemicals, Codexis INC., Perkin Elmer Inc., Dow Chemical Company, and Rhodia.

Global Chiral Chemicals Market: Key Growth Dynamics

Rising Use of Chiral Chemicals in Pharmaceutical Industry Fuels Market Growth

Many companies in the market intend to produce several pharmaceutical intermediates. Chiral chemicals are important for manufacturing enantiomerically pure products in pharmaceutical formulations. Such factors are expected to boost the global chiral chemicals market. Along with this, rapid technological advancements in pharmaceutical sector and extensive research and development activities in developing as well as developed regions are another factors expected to contribute growth in the global chiral chemicals market. Many pharmaceutical industries are incorporating chiral chemicals in the production of drugs. This is due to the growing understanding about the differences between enantiomers and their different biological activities.

Furthermore, pharmaceutical industries are using chiral chemicals as antibiotics, antivirals, anti-diabetics, and in cancer therapies. Such factors are also projected to propel demand in the global chiral chemicals market. Along with these, rising product penetration among agrochemicals industries in developing economies and growing investments in chiral chemicals combined with research and developments are also expected to boost the global chiral chemicals market.

Global Chiral Chemicals Market: Regional Outlook

Geographically, North America is expected to lead the global chiral chemicals market as the region has witnessed rapid technological advancements. Soaring demand for natural fragrances, rising pharmaceutical industries, and existence of large number of manufacturers and market players could also be responsible for fueling growth in the chiral chemicals market in this region.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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