Albany, NY -- (SBWIRE) -- 09/05/2017 -- The research report on chiral technology market investigates the global scenario of this market with a detailed overview and market figures. The report articulates on the industry capacity, industry growth rate, and industry structure. Key factors which drive and restrain the growth of the market are also analyzed in the report. Growing demand in agrochemical and pharmaceutical industries for chiral-based products is a key factor which drives the market of chiral technology globally. In addition, the growing use of chiral drugs and advancement of chiral forms of pesticides, insecticides, fungicides, and herbicides also support the growth of this market.
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The report examines historical data and provides forecasts of the market size and production. It also details the different segments and sub-segments within the chiral technology market, further analyzing them based on synthesis and resolution. The report segments the chiral technology industry according to geography and sheds light on the market growth and statistics in relation to the domestic and global market.
A wide array of graphics makes for an easy-to-comprehend market analysis. Moreover, the use of Porter's five forces model analysis, SWOT analysis and a study of the value-chain keep you abreast of the projected opportunities and threats in the wind power market.
Overview of the Chiral Technology Market
Favorable government regulations are supporting the growth of the global market of chiral technology. Increasing outsourcing of pharmaceutical production to the APAC region is also contributing to the growth of this market. However, the complexity associated with chiral chemistry can suppress the growth of this market. The global market of chiral technology was $4.75 billion in 2010 and is anticipated to generate $5.83 billion by 2017 at a 3.05% CAGR during 2010 - 2017.
Chiral technology is used in different aspects of human life such as hair sprays, drugs for treating medical conditions, manufacturing clothes and other materials, etc. The global chiral technology market is segmented into chiral synthesis, chiral resolution, and chiral analysis market. The chiral synthesis market attributes to 80% of the total market. This sector generated $3.7 billion in 2010 and will dominate the market in coming five years. The chiral analysis market was worth $734 million in 2010 and anticipated to reach $1.06 billion by 2017 with a 5.4% CAGR during the forecast period of 2010 to 2017.
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Globally, the USA region inhibits the maximum potential as it contributed for over 40% of the total market shares in 2010. Regions such as Asia-Pacific, Canada, and Latin America represent the fastest growing regional sectors in the global chiral technology market.
The key players profiled in this report are Bachem Holding AG, Codexis Inc., Cambrex Corp., Regis Technologies Inc., and others.