Chiral Chemicals Market growth driver analysis 2014 - 2024.

The market may be categorized based on applications like flavors/fragrances, pharmaceuticals, agrochemicals, and others could be explored in chiral chemicals in the forecast period. The pharmaceutical sector accounted for the significant market share of chiral chemicals and is estimated to lead the overall market in the years to come. The reason could be the rising demand for enantiomerically pure products in pharmaceutical preparations, extensive R&D, and rising use of enhanced technology.

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Globally, North America accounted for the substantial market share of chiral chemicals and is estimated to lead the overall market in the years to come. The reason behind the overall market share could be the presence of key manufacturers in this region, technological enhancement, and growing pharmaceutical sector in Mexico.

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise low manufacturing and labor cost, growing demand for chiral chemicals, and growing foreign investors in India and China. The developing countries like India and China are the major consumers of chiral chemicals in this region.

The key players of chiral chemicals market are Chiracon GmbH, BASF SE, Dow Chemical Company, Johnson Matthey PLC, PerkinElmer Inc., Solvias AG, W. R. Grace & Co., Strem Chemicals, Rhodia, Bayer AG, Chiral Technologies, and Codexis Inc. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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