Chiral Chemicals Market Players Focus on Boosting Biological Separation Technology: Study
Published : 09 Dec 2020 Industry: Chemical & Materials
The global market for chiral chemicals market is expected to recover briskly from the impact of COVID pandemic, opines a new Fact.MR report. It reveals that with a user-centric manufacturing approach, leading market players are reviving their revenue cycles, and growing technological adoption will support the business growth for stakeholders in the coming years.
Pharmaceutical industry continues to consume copious amounts of chiral chemicals and it remains the target end-user for manufacturers. This also drives growth opportunities for players in developing markets as incremental growth of pharma companies acts as a demand stimulator for chiral chemical producers in emerging economies.
Encouraging policies for the production of biocatalysts will add to the potential for growth in these regions, contributing to the developments in the chiral chemical market in the coming decade, highlights the Fact.MR report.
- The global chiral chemical market is expected to grow at high double-digit CAGR through 2030
- The US, EU4, China, and India will continue to create lucrative opportunities
- China will lead the Asia Pacific market for chiral chemicals through the forecast period, recording highest growth during the forecast period. The demand is mainly driven by the manufacturing profitability and pharmaceutical industrial growth in the country.
- Growing demand for enantiomerically pure products in the pharmaceutical industry will influence the manufacturing strategies of players in the chiral chemical market.
- Manufacturers are capitalizing on the growing demand for environmentally safer agricultural chemicals such as pesticides, herbicides, and plant growth enablers. This will boost demand for chiral chemicals in the agrochemicals sector in the coming years.
“Ever-growing pharmaceutical production with the shifting focus on developing effective and safer drugs is among the primary factors triggering growth of the chiral chemicals market.,”says a lead analyst at Fact.MR.
Manufacturers Increase Focus on Biological Separation Technology
While the traditional separation method continues to remain the most sought-after technology among manufacturers, growing preference for environmentally safer technologies is expected to bring in a new trend. Manufacturers are turning to the biological separation method by encouraging their research & development efforts in order to keep abreast of the current trends in the chemicals industry. Consequently, growing investments in biological separation technologies will establish a new trend in the chiral chemicals market.
More Valuable Insights on the Chiral Chemical Market
The Fact.MR report offers an accurate and unbiased assessment of the growth dynamics of the global chiral chemical market. The report helps readers understand the analysis based on the historical statistics (2015-2019) of the market and draw projections about the potential rise or decline in demand for the period between 2020 and 2030.
The Fact.MR report divides its insights based on separation technique, end-user, and region. The key geographical regions include North America, Latin America, Middle East & Africa, Asia Pacific, and Europe.
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