Chiral Chemicals Market to Hit US$ 201.12 billion by 2033 | Fact.MR Report

Expanding at a high-value CAGR of 10.9%, the global chiral chemicals market is set to increase from a size of US$ 71.4 billion in 2023 to US$ 201.12 billion by the end of 2033.

Chiral compounds are a particular class of substances that contain an asymmetrical carbon atom in the centre. These chemicals, also referred to as enantiomers or optical isomers, cannot be superimposed with one another. They are extensively used in the manufacturing of fine chemicals, agrochemicals, medicines, and food additives.

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Chiral Chemicals Market- Key Takeaways

  • Asymmetric preparation methods are reflecting a relatively higher growth rate, owing to its efficacy in diastereomers and enantiomers production.
  • Pharmaceutical sector applications account for more than half of the overall revenue share driven by major investments being made in terms of R&D.
  • North America is a key market for chiral chemicals manufacturers, driven by tech advancements and the demand for naturally-sourced fragrances.

Competitive Landscape:

To increase the production of chiral chemicals at competitive prices, key players in the global market for chiral chemicals have joined hands with various businesses. Additionally, it is anticipated that leading companies will work together more often to increase their manufacturing and global distribution networks.

Producers are anticipated to concentrate on creating application-centric products and forge lucrative alliances with leading end-use industries to acquire a competitive edge in the market for chiral chemicals.

  • CHIRALPAK® IM was introduced by Daicel Chiral Technologies in November 2022. Immobilized CHIRALCEL® OZ is the name of the novel selective Cellulose 3 chloro 4 methyl phenyl carbamate. This immobilized chiral selector made of cellulose is intended for use in HPLC and SFC to increase selectivity and resolution for difficult separations. The improved resilience from the immobilization process enables CHIRALPAK® IM to resist a larger range of mobile phase mixtures, which can improve separations already attained using CHIRALCEL® OZ.

Key Segments of Chiral Chemicals Industry Research:

·         By Technology :

  • Traditional Separation Method
  • Asymmetric Preparation Method
  • Biological Separation Method

·         By Application :

  • Pharmaceuticals
  • Agrochemicals
  • Fine/Specialty Chemicals
  • Food Ingredients

·         By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

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