The Global Chiral Chemicals Market was valued at approximately USD 71.4 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 8.4% over the forecast period 2024-2032. Chiral chemicals are a critical component in industries such as pharmaceuticals, agrochemicals, and flavors/fragrances, as they enable the production of enantiomerically pure compounds, enhancing the efficacy and safety of products.
One of the key factors driving the market growth is the increasing demand for single-enantiomer drugs in the pharmaceutical industry. The need for enantiopure compounds arises from the recognition of chirality's role in biological processes, which ensures maximum therapeutic benefit and minimizes adverse effects. Additionally, advancements in asymmetric synthesis technology have significantly improved productivity, reduced waste, and decreased manufacturing costs, further boosting the market.
The agrochemical sector is also contributing significantly to market growth, as chiral molecules are being increasingly utilized in the production of pesticides and herbicides. These compounds provide enhanced potency, requiring lower concentrations, aligning with sustainable agricultural practices. Furthermore, the flavors and fragrances industry relies on chiral chemicals to create complex, appealing, and eco-friendly products, reflecting evolving consumer preferences.
Regionally, North America dominated the market in 2023 with a revenue share of 42.4%, driven by strong investments in pharmaceutical R&D and a robust regulatory framework. Meanwhile, the Asia Pacific region is expected to grow at the fastest CAGR of 12.3%, supported by rapid industrialization, increasing demand for specialty chemicals, and expanding pharmaceutical manufacturing capabilities in countries such as China and India.
Despite challenges such as the high cost of advanced technologies, the market benefits from strong R&D initiatives, a focus on sustainability, and expanding applications in key industries, positioning it for steady growth in the coming years.
Major market players included in this report are:
1. Solvias
2. Ascensus
3. Chiral Technologies
4. Johnson Matthey
5. BASF SE
6. W. R. Grace & Co.-Conn.
7. PerkinElmer Inc.
8. Codexis, Inc.
9. The Dow Chemical Company
10. Chiracon GmbH
11. Daicel Chiral Technologies
12. Merck KGaA
13. Thermo Fisher Scientific
14. LUMITOS AG
15. Novasep
The detailed segments and sub-segments of the market are explained below:
By Technology
Traditional Separation Method
Asymmetric Preparation Method
Asymmetric Synthesis Method
Asymmetric Catalysis Method
Biological Separation Method
Other Separation Methods
By Application
Pharmaceuticals
Agrochemicals
Flavors/Fragrances
Other Applications
By Region:
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Years considered for the study are as follows:
Historical year: 2022
Base year: 2023
Forecast period: 2024-2032
Key Takeaways:
Market estimates and forecasts for 10 years (2022-2032).
Comprehensive regional and country-level analysis for key markets.
Insights into competitive dynamics and company strategies.
Analysis of demand-side and supply-side drivers for market trends.
Actionable recommendations for key market opportunities.
Table of Contents
Chapter 1. Global Chiral Chemicals Market Executive Summary
1.1. Global Chiral Chemicals Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Technology
1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendations & Conclusion
Chapter 2. Global Chiral Chemicals Market Definition and Research Assumptions