Chiral Chemicals Market

Market Definition:

The Chiral Chemicals Market size was valued at USD 58.82 billion in 2021 and is predicted to reach USD 149.95 billion by 2030 with a CAGR of 9.8% from 2022-2030.

Chiral chemical refers to a chemical compound with an asymmetrical carbon atom in the molecule's center. It can be summarized as a molecule that is not identical to its mirror image. These mirror images are known as enantiomers that have left-hand and right-hand non-superimposable configurations. Enantiomers possess relatively same physical properties based on the direction in which they rotate the plane of polarized light such as clockwise or counterclockwise. In addition, the prominent applications of chiral compounds are in pharmaceuticals, agrochemicals, and fine chemicals for its effects and superior properties.

Market Dynamics and Trends

The demand for chiral chemicals is increasing, owing to growing population, declining arable land, and changing climate conditions related to food security across the globe. In addition, the chiral chemicals are used in the production of herbicides, pesticides, plant growth regulators, fungicides, and pheromones for optimum agricultural productivity, which in turn contributing to the market growth. Also, in the growing demand in pharmaceutical industry is also driving the growth of chiral chemicals market, as the chiral chemicals are used in synthesis process for the development of drugs for cancer therapies, antihistamines, antivirals, anorexics, antibiotics, and anti-diabetics.

Moreover, the use of chiral chemicals is increasing in cosmetic industry, owing to surge in demand for naturally-derived fragrances such as terpenes which are natural components of essential oils used in the chiral synthesis for fragrances and flavors, which in turn drives the growth of the chiral chemicals market.

However, rising environmental issues such as industrial pollution due to the massive use of chiral compounds in chemical factories and limited availability of raw materials are expected to restrain the growth of the market during the forecast period. On the other hand, various market players have been involved in the research & development of chiral hormone chemicals, anti-infective chemicals, cardiovascular chemicals, central nervous system chemicals, antidepressants, and respiratory chemicals are expected to create lucrative growth opportunities for the chiral chemicals market players in the future.

Market Segmentations and Scope of the Study

The chiral chemicals market size has been segmented based on separation technique, technology, application, and geography. On the basis of separation technique, the market is classified into high-performance liquid chromatography (HPLC), ultra-high performance liquid chromatography (UHPLC), supercritical fluid chromatography (SFC), and simulated moving bed (SMB).

On the basis of technology, the market is divided into traditional separation method, asymmetric preparation method, biological separation method, and others. The asymmetric preparation method segment is further classified into asymmetric synthesis method and asymmetric catalysis method.

On the basis of application, the market is grouped into pharmaceuticals, agrochemicals, food & beverage, cosmetics, and others. The geography breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

Asia-Pacific region holds the lion share of the chiral chemicals market at present and is expected to boost the market growth during the forecast period. The growing population in countries such as China, India, and Indonesia coupled with the increase in the demand for food is encouraging the agricultural activities. This is further driving the demand for the chiral chemicals market in agriculture sector in the region. According to the 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. 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. In addition, rising demand for natural fragrances among the population with a luxury lifestyle and rapid increase in disposable income of the individuals escalating the market growth.

On the other hand, North America is expected to witness a fast rise in the chiral chemicals market, owing to stringent government policies for improved drug production, production of biocatalysts, and cosmetics production. In addition, huge investments in research and development of lifestyle firms related to the chiral chromatography industry are another major factor that contributes to the growth of the chiral chemicals market. Moreover, the presence of major players such as BASF SE, Boulder Scientific Company, Cambrex Corporation, and Beckman Coulter boosts the market growth in this region.

Competitive Landscape

The chiral chemicals market includes various market players such as Chiral Technologies, Corden Pharma International, Clariant, BASF SE, Daicel Chiral Technologies, Boulder Scientific Company, Cambrex Corporation, Chiral Quest (Suzhou) Co., Ltd., Chiral BioSciences Ltd., Beckman Coulter, Agilent Technologies, Inc., Alps Pharmaceutical Ind. Co Ltd., and Buchler. These manufacturers are actively indulging in acquisitions, product & technology innovations, and collaborations to enhance their productivity and increase their growth as well as geographical reach. For instance, in November 2021, Daicel Chiral Technologies launched CHIRALPAK IK. This is one of the most effective chiral chromatography phases used in laboratories worldwide. CHIRALPAK IK adds new separations and enhances some separations already achieved using IG and other selectors.

Key Benefits

• The Chiral Chemicals market report provides the quantitative analysis of the current market and estimations through 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises a deep dive analysis of the Chiral Chemicals market trend including the current and future trends for depicting the prevalent investment pockets in the market.

• The information related to key drivers, restraints and opportunities and their impact on the Chiral Chemicals market is provided in the report.

• The competitive analysis of the market players along with their market share in the Chiral Chemicals market

• The SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

Key Market Segments 

By Separation Technique

• High-performance Liquid Chromatography (HPLC)

• Ultra-high Performance Liquid Chromatography (UHPLC)

• Supercritical Fluid Chromatography (SFC)

• Simulated Moving Bed (SMB)

By Technology

• Traditional Separation Method

• Asymmetric Preparation Method

  • Asymmetric Synthesis Method

  • Asymmetric Catalysis Method

• Biological Separation Method

• Others

By Application

• Pharmaceuticals

• Agrochemicals

• Food & Beverage

• Cosmetics

• Others

By Geography

• North America

  • U.S

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Rest of Europe

• Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • Rest of Asia-Pacific

• RoW

  • UAE

  • Saudi Arabia

  • South Africa

  • Brazil

  • Remaining countries

KEY PLAYERS:

• Chiral Technologies

• CordenPharma International 

• Clariant    

• BASF SE

• Daicel Chiral Technologies

• Boulder Scientific Company

• Cambrex Corporation

• Chiral Quest (Suzhou) Co., Ltd.

• Chiral BioSciences Ltd.

• Beckman Coulter

• Agilent Technologies, Inc.

• Alps Pharmaceutical Ind. Co.Ltd.

• Buchler

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Analysis Period	2021–2030
Base Year Considered	2021
Forecast Period	2022–2030
Market Size Estimation	Billion (USD)
Market Segmentation	By Separation Technique (High-performance Liquid Chromatography (HPLC), Ultra-high Performance Liquid Chromatography (UHPLC), Supercritical Fluid Chromatography (SFC), and Simulated Moving Bed (SMB)), by Technology (Traditional Separation Method, Asymmetric Preparation Method, Biological Separation Method, and Others), and by Application (Pharmaceuticals, Agrochemicals, Food & Beverage, Cosmetics, and Others)
Geographical Segmentation	North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific), Rest of the World (UAE, Saudi Arabia, South Africa, Brazil, Remaining countries)
Companies Profiled	Chiral Technologies, Corden Pharma International, Clariant, BASF SE, Daicel Chiral Technologies, Boulder Scientific Company, Cambrex Corporation, Chiral Quest (Suzhou) Co., Ltd., Chiral BioSciences Ltd., Beckman Coulter, Agilent Technologies, Inc., Alps Pharmaceutical Ind. Co Ltd., and Buchler.