The Worldwide Chiral Chemicals Industry is Expected to Reach $122.7 Billion by 2027 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 6, 2023--
The “Chiral Chemicals: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Chiral Chemicals estimated at US$63.6 Billion in the year 2020, is projected to reach a revised size of US$122.7 Billion by 2027, growing at a CAGR of 9.8% over the analysis period 2020-2027.
Traditional Separation Method, one of the segments analyzed in the report, is projected to record a 9.4% CAGR and reach US$58.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Asymmetric Preparation Method segment is readjusted to a revised 10.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $17.2 Billion, While China is Forecast to Grow at 13% CAGR
The Chiral Chemicals market in the U.S. is estimated at US$17.2 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$25.8 Billion by the year 2027 trailing a CAGR of 13% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.8% and 8.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$17.6 Billion by the year 2027.
Biological Separation Method Segment to Record 11.1% CAGR
In the global Biological Separation Method segment, USA, Canada, Japan, China and Europe will drive the 11.1% CAGR estimated for this segment.
These regional markets accounting for a combined market size of US$8.7 Billion in the year 2020 will reach a projected size of US$17.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 12.6% CAGR through the analysis period.
Select Competitors (Total 46 Featured) -
- BASF SE
- Bayer AG
- Chiracon GmbH
- Chiral Technologies, Inc.
- Codexis, Inc.
- Dow, Inc.
- DuPont de Nemours, Inc.
- Johnson Matthey PLC
- PerkinElmer, Inc.
- Solvias AG
- Strem Chemicals, Inc.
- W. R. Grace & Co.
What’s New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Chiral Chemicals - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/66gjl5
View source version on businesswire.com:https://www.businesswire.com/news/home/20230106005343/en/
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INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2023.
PUB: 01/06/2023 11:26 AM/DISC: 01/06/2023 11:26 AM