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IMARC Group’s latest report, titled“Chiral Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,”finds that theglobal chiral chemicals marketgrew at a CAGR of around 7% during 2015-2020. Chiral chemicals, also known as optical isomers or enantiomers, refer to a special class of compounds that comprise an asymmetrical carbon atom at the center of the molecule. The chiral molecules are not superimposable on their mirror image. These chemicals are widely used in the agriculture sector to manufacture pesticides, herbicides, fungicides, plant growth regulators, and pheromones for optimum agricultural productivity. They also find extensive applications in pharmaceutical products, food ingredients, fragrances, flavors and fine chemicals.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Chiral Chemicals Market Trends:
食品安全问题在全球范围内due to rapid population growth, changing climate conditions and declining arable land have led to improved focus on better crop yield. This represents the primary factor driving the market. Additionally, the escalating demand for naturally-derived fragrances has increased the usage of chiral chemicals in the cosmetics and personal care industry, thereby contributing to the market growth. Besides this, the rising demand for enantiomerically pure products in pharmaceutical formulations and increasing product applications across the pharmaceutical sector to manufacture safer and effective drugs with better therapeutic value are other growth-inducing factors. Furthermore, several manufacturers are focusing on developing environment-friendly technologies to enhance the yield of chiral chemicals and introduce application-specific products. As a result, leading players are making heavy investments in research and development (R&D) activities, which is further creating a positive market outlook. Looking forward, the market is projected to witness moderate growth during the forecast period (2021-2026).
Market Summary:
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