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Chiral Chemicals Market Growth Status of Manufacturers 2022: Product Specification, Key Developments by Global Size, Emerging Trends, Competitive Analysis and Forecast 2031

Kenneth Research recently added a report on Chiral Chemicals Market which provides an in-depth analysis of the market scenario based on the market size and the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2022-2031. The European Chemical Industry Council, in one of its statistics, stated that, Europe is the second largest producer of chemicals globally and is further predicted to observe a significant growth in the coming years. In the year 2018, out of the top 10 chemical producing countries in the world, two countries belonged to Europe that generated a sales revenue of 19.1% of the total sales revenue globally. Moreover, the sales of chemicals in Europe grew from 2017 by 2.8% in 2018.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Chiral Chemicals Market products.

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Moreover, amongst all the continents that used pesticides, Asia registered as the largest user of pesticides by attaining a share of 52.4% in the year 2018. It was followed by the Americas, Europe, Africa and Oceania with 32.3%, 11.6%, 2% and 1.7% respectively. The statistics also stated that China was the largest user of pesticides amongst all the nations worldwide, utilizing 1,763,000 tonnes of pesticides for agricultural use.

Global Chiral Chemicals Market Analysis 2020-2027

Chiral chemicals are a special class of compounds, which contains an asymmetrical carbon center in the molecule. The chiral molecules are non-superimposable on their mirror image, which is known as enantiomers or optical isomers. The global chiral chemical market is anticipated to achieve a CAGR of around 12% during the forecast period, i.e. 2020-2027. Factors such as the rising focus of the government of nations on the manufacturing of pharmaceutical products, growing investments of manufacturers in the emerging economies around the world along with the increasing worldwide demand for specialty and agrochemicals at the end-user industries are contributing towards the growth of the global chiral chemicals market.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Impact).”

Additionally, advancements in the pharmaceutical industry, increasing use of chiral chemicals in end-user industries owing to superior chemical properties possessed by chiral chemicals, and the growing need for medicines for consumption by the geriatric population are some of the factors anticipated to drive the growth of the global chiral chemicals market.

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The global chiral chemicals market consists of various segments that are segmented by method, application, and region. The application segment is further sub-divided into agrochemical, pharmaceutical, and others. Out of these segments, the pharmaceutical segment, which held a market share of around 68% in the year 2018 is anticipated to grow with a CAGR of around 11% over the forecast period and cross a value of around USD 71000 million by the end of 2025.

Based on the region, the global chiral chemicals market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the Asia Pacific, which had accounted for around 25% share in the year 2018, is estimated to cross a value of around USD 26000 million by the end of 2025 and further attain an absolute $ opportunity of around USD 13000 million during the forecast period.

Leading Companies:

Some of the affluent industry leaders in the global chiral chemicals market are Bachem AG, BASF SE, The Dow Chemical Company, Solvias AG, Johnson Matthey, W.R. Grace & Co.-Conn., Thermo Fisher Scientific Inc., Agilent Technologies, Inc., Albemarle Corporation and Alps Pharmaceutical Ind. Co., Ltd.

Business Questions answer by the report

  • How will the market drivers, restraints and opportunities affect the market dynamics?
  • What will be the market size in terms of value and volume and market statistics with detailed classification?
  • Which segment dominates the market or region and one will be the fastest growing and why?
  • A comprehensive survey of the competitive landscape and the market participant players
  • Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority. And that’s why Kenneth Research offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

  • Additional company detail analysis.
  • Additional country analysis.
  • Detailed segment analysis.

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About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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