Optically Alcohols & Epoxides Industry Market - Forecast(2023 - 2028)

Report Code: CMR 12329 Report Format: PDF + Excel

Optically Alcohols & Epoxides Market Overview

Optical Alcohols & Epoxides market size is forecasted to reach a value of US$924.8 million by the end of 2027 after growing at a CAGR of 6.8% during the forecast period 2022-2027. Optically active alcohol is one that can rotate polarised light in a plane. Optically active epoxides (also known as oxiranes) are chiral synthons that can be used in organic synthesis and a variety of chemical and biological processes. Ethylene oxide and propylene oxide are the most frequently used optically active epoxides. Electrophilic peroxycarboxylic acids are often used to convert alkenes to epoxides without the use of metal catalysts. The increasing demand for chemical and biological research is anticipated to drive market growth over the forecast period. The presence and availability of substitute materials such as optically active ether is anticipated to be a major restrain for the market.

COVID-19 Impact

The outbreak of COVID-19 had an impact on the world economy and demand in major industries all over the world in the year 2020. The pandemic scenario culminated in a worldwide lockdown and confinement of industrial operations, commodities, supply-chain instability and other activities. The key end-use industries of optical alcohols and epoxides were also influenced by this situation. The optical alcohols and epoxides market's growth slowed in 2020 due to slow demand from end-use industries. In the fourth quarter of 2020, the market, on the other hand, was recovering and businesses resumed operations with reduced capacity and under government guidelines. However, all end-use industries were fully operational by the beginning of 2021, resulting in high demand for optical alcohols and epoxides, as a result, the optical alcohols and epoxides market is expected to grow at a rapid rate over the coming years.

Report Coverage

The report: “Optical Alcohols & Epoxides Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Global Optical Alcohols & Epoxides market.

By Type: Optically Active Alcohols (Active Amyl Alcohol, Methyl-N-Propyl Carbinol, Methyl Isopropyl Carbinol and Others) and Optically Active Epoxides (Ethylene Oxide, Propylene Oxide and Others)
By Application: Biological Research, Chemical Research, Fine Chemicals and Others
By End-use Industry: Pharmaceutical, Agriculture, Chemical and Others
By Geography: North America (USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World (the Middle East and Africa)

Key Takeaways

  • Asia-Pacific dominates the global optical alcohols & epoxides market, owing to the growing chemical industry in the region. The increasing per capita income and evolving lifestyle of individuals coupled with the rising population are the major factors expanding the chemical industry in APAC.
  • The burgeoning pharmaceutical and agriculture intermediate manufacturing sector in all geographic areas is estimated to contribute to demand and drive the global optical alcohols & epoxides market.
  • The global optical alcohols & epoxides market is expected to benefit from advancements in the biological and chemical research areas.
  • However, the global optical alcohols & epoxides market growth is expected to be hampered by the different or opposite effects of enantiomers.


Figure: Asia-Pacific Optical Alcohols and Epoxides Market Revenue, 2021-2027 (US$ Million)
Global Optically Alcohols And Epoxides Market
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Optical Alcohols & Epoxides Market Segment Analysis – By Application

The optically active alcohols segment held a significant share in the optical alcohols & epoxides market in 2021 and is forecasted to grow at a CAGR of 5.6% during the forecast period 2022-2027. An asymmetric carbon atom can be found in three alcohols: active amyl alcohol (2-methylbutan-1-ol), methyl-n-propyl carbinol (pentane-2-ol) and methyl isopropyl carbinol (3-methylbutane-2-ol). As a result, they have optical activity. These compounds have the benefit of being available as natural products in optically active forms. Optically active alcohol is an important intermediate in the synthesis of fine chemicals, such as pharmaceutical starting materials or intermediate materials, as well as liquid crystals. To exhibit sufficient physiological activities or characteristics, they must have a high chemical purity and optical purity. Thus, optically active alcohols are widely used when compared with optically active epoxides, owing to which the segment holds the largest share.

Optical Alcohols & Epoxides Market Segment Analysis – By End-use Industry

The chemical held a significant share in the optical alcohols & epoxides market in 2021 and is forecasted to grow at a CAGR of 7.9% during the forecast period 2022-2027. Optical alcohols and epoxides are often used in the chemical industry as an intermediate for producing fine chemicals and for research purposes. The chemical industry is flourishing in various countries, for instance, according to the European Chemical Industry Council (cefic), chemical output in Europe increased by 7.0 percent in 2021 compared to the previous year (Jan-Sep-2020). Following the COVID-19 outbreak, chemical outcomes in the EU27 increased by 7.0 percent in the first three quarters of 2021 compared to the same period in 2020. Chemical output was about 3% higher in 2021 than it had been before the pandemic (Jan-Sep-2019). This is directly supporting the optical alcohols & epoxides market growth in the chemical industry.

Optical Alcohols & Epoxides Market Segment Analysis – By Geography

Asia-Pacific region held a significant share in the optical Alcohols & Epoxides market in 2021 up to 41%, owing to the bolstering growth of the chemical sector in APAC countries. The Asia-Pacific chemical industry is growing due to the development of new facilities, the surge in production and various public-private initiatives associated with the chemical industry in the region. For instance, the Indian chemicals market was worth US$ 178 billion in 2019 and is expected to grow at a 9.3% CAGR to US$304 billion by 2025. By 2025, the chemical market is expected to expand at a 9% annual rate. By 2025, India's chemical industry is intended to raise US$300 billion in revenue. according to the General Statistics Office of Vietnam, in 2019 the total pharmaceuticals production in Vietnam was US$3255.6 million and in 2020 it was US$3484.5 million, an increase of about 7.03%. According to the International Trade Administration (ITA), the total local pharmaceutical production in Japan increased from US$62,570 thousand in 2018 to US$87,027 thousand in 2019. And with the increasing chemical production, it is anticipated that the demand for fine chemicals will significantly increase, which will accelerate the demand for optical alcohols and epoxides market in Asia-Pacific over the forecast period.

Optical Alcohols & Epoxides Market Drivers

Bolstering Growth of the Pharmaceutical Industry

Optical alcohols and epoxides are often used in the pharmaceutical industry as a pharmaceutical intermediate. In various regions, there is bolstering the growth of the pharmaceutical industry. For instance, According to Enterprise Ireland, the pharmaceutical industry in the United Kingdom is a significant international hub for pharmaceutical production and is vital to the UK economy. The worth of the UK pharmaceuticals industry is projected to increase 19.3 percent between 2018 and 2023, equating to 3.6 percent annual growth. The European Federation of Pharmaceutical Industries and Associations (EFPIA) estimates that total pharmaceutical production in Europe will reach EURO 310,000 million (approximately US$354,080.76 million) in 2020, representing a 5.7 percent increase. Total pharmaceutical sales in Canada increased by 35.3 percent to US$29.9 billion from 2011 to 2019, according to the 2019 PMPRB Annual Report, with 86.7 percent sold to retail drug stores and 13.3 percent to hospitals. According to the International Trade Administration, the pharmaceuticals market in Vietnam is expected to grow by a 10% annual rate from 2017 to 2028, with revenues per capita virtually tripling in ten years from 2017 to 2027. With the increasing pharmaceutical industry, the demand for pharmaceutical intermediate is likely to increase at a robust pace, thereby driving the optical alcohols and epoxides market.

Increasing Crop Production Within the Same Area of Arable Land

Agriculture intermediates play an important role in providing crops with the nutrients they need to grow and enhance crop yield, owing to which it is often used during crop production. Crop production is increasing around the world as the world's population continues to grow. For example, the Food and Agriculture Organization (FAO) estimates that primary crop production was 9.2 billion tonnes in 2018, up 50% from 2000. Agricultural growth has accelerated in recent years, but the majority of this expansion has been fueled by higher yields per unit area rather than increased farmed area. To meet the requirement for grain and feed the expanding population on existing arable land, it is recommended that annual crop production and yield be increased annually within the same area of arable land by 2030. To improve the crop yield within the same area of arable lands and provide crops with proper nutrients the demand for agriculture intermediates will significantly increase, which will certainly drive the optical alcohols and epoxides market growth during the forecast period.

Optical Alcohols & Epoxides Market Challenges

Different or Opposite Effect

Optically active compounds make up a significant portion of active pharmaceutical ingredients on the market. Enantiomers, on the other hand, can have different or even opposing therapeutic effects and the preparation of pure enantiomers is becoming more popular in academia and the pharmaceutical industry. Despite unprecedented advances in enantioselective synthesis and separation techniques, the pharmaceutical and pesticide industries still rely heavily on the separation of diastereomers obtained from enantiomers and an optically active resolving agent for large-scale production of enantiopure substances. This factor is anticipated to be one of the major factors restricting the optical alcohols and epoxides market during the forecast period.

Optical Alcohols & Epoxides Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the optical alcohols & epoxides market. optical alcohols & epoxides market top 10 companies are:

  1. BASF SE
  2. ThaiFTA
  3. Emery Oleochemicals Group
  4. Musim MAS
  5. P&G Chemical
  6. KLK OLEO
  7. Kanto Chemical Co Inc
  8. Daicel Chemical Industries Ltd.
  9. JNC Corp
  10. Sumitomo Chemical Company

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1. Optical Alcohols & Epoxides Market - Market Overview
    1.1 Definitions and Scope
2. Optical Alcohols & Epoxides Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Application
    2.3 Key Trends by End-Use Industry
    2.4 Key Trends by Geography
3. Optical Alcohols & Epoxides Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Optical Alcohols & Epoxides Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Optical Alcohols & Epoxides Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Optically Alcohols & Epoxides Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Optical Alcohols & Epoxides Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Optical Alcohols & Epoxides Market - By Type (Market Size - US$ Million/Billion)
    8.1 Optical Active Alcohols
        8.1.1 Active Amyl Alcohol
        8.1.2 Methyl-N-Propyl Carbinol
        8.1.3 Methyl Isopropyl Carbinol
        8.1.4 Others
    8.2 Optical Active Epoxides
        8.2.1 Ethylene Oxide
        8.2.2 Propylene Oxide
        8.2.3 Others
9. Optical Alcohols & Epoxides Market - By Application (Market Size - US$ Million/Billion)
    9.1 Biological Research
    9.2 Chemical Research
    9.3 Fine Chemicals
    9.4 Others
10.  Optical Alcohols & Epoxides Market - By End-use Industry (Market Size - US$ Million/Billion)
    10.1 Pharmaceutical
    10.2 Agriculture
    10.3 Chemical
    10.4 Others
11. Optical Alcohols & Epoxides Market - By Geography (Market Size - US$ Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Optical Alcohols & Epoxides Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Optical Alcohols & Epoxides Market – Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14.Optical Alcohols & Epoxides Market – Key Company List by Country Premium Premium
15. Optical Alcohols & Epoxides Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
* "Financials would be provided to private companies on best-efforts basis."
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LIST OF TABLES

1.Global Optically Alcohols And Epoxides Market, by Type Market 2019-2024 ($M)
2.Global Optically Alcohols And Epoxides Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
3.Global Optically Alcohols And Epoxides Market, by Type Market 2019-2024 (Volume/Units)
4.Global Optically Alcohols And Epoxides Market Analysis and Forecast by Type and Application Market 2019-2024 (Volume/Units)
5.North America Optically Alcohols And Epoxides Market, by Type Market 2019-2024 ($M)
6.North America Optically Alcohols And Epoxides Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
7.South America Optically Alcohols And Epoxides Market, by Type Market 2019-2024 ($M)
8.South America Optically Alcohols And Epoxides Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
9.Europe Optically Alcohols And Epoxides Market, by Type Market 2019-2024 ($M)
10.Europe Optically Alcohols And Epoxides Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
11.APAC Optically Alcohols And Epoxides Market, by Type Market 2019-2024 ($M)
12.APAC Optically Alcohols And Epoxides Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
13.MENA Optically Alcohols And Epoxides Market, by Type Market 2019-2024 ($M)
14.MENA Optically Alcohols And Epoxides Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)

LIST OF FIGURES

1.US Global Optically Alcohols And Epoxides Industry Market Revenue, 2019-2024 ($M)
2.Canada Global Optically Alcohols And Epoxides Industry Market Revenue, 2019-2024 ($M)
3.Mexico Global Optically Alcohols And Epoxides Industry Market Revenue, 2019-2024 ($M)
4.Brazil Global Optically Alcohols And Epoxides Industry Market Revenue, 2019-2024 ($M)
5.Argentina Global Optically Alcohols And Epoxides Industry Market Revenue, 2019-2024 ($M)
6.Peru Global Optically Alcohols And Epoxides Industry Market Revenue, 2019-2024 ($M)
7.Colombia Global Optically Alcohols And Epoxides Industry Market Revenue, 2019-2024 ($M)
8.Chile Global Optically Alcohols And Epoxides Industry Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Optically Alcohols And Epoxides Industry Market Revenue, 2019-2024 ($M)
10.UK Global Optically Alcohols And Epoxides Industry Market Revenue, 2019-2024 ($M)
11.Germany Global Optically Alcohols And Epoxides Industry Market Revenue, 2019-2024 ($M)
12.France Global Optically Alcohols And Epoxides Industry Market Revenue, 2019-2024 ($M)
13.Italy Global Optically Alcohols And Epoxides Industry Market Revenue, 2019-2024 ($M)
14.Spain Global Optically Alcohols And Epoxides Industry Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Optically Alcohols And Epoxides Industry Market Revenue, 2019-2024 ($M)
16.China Global Optically Alcohols And Epoxides Industry Market Revenue, 2019-2024 ($M)
17.India Global Optically Alcohols And Epoxides Industry Market Revenue, 2019-2024 ($M)
18.Japan Global Optically Alcohols And Epoxides Industry Market Revenue, 2019-2024 ($M)
19.South Korea Global Optically Alcohols And Epoxides Industry Market Revenue, 2019-2024 ($M)
20.South Africa Global Optically Alcohols And Epoxides Industry Market Revenue, 2019-2024 ($M)
21.North America Global Optically Alcohols And Epoxides Industry By Application
22.South America Global Optically Alcohols And Epoxides Industry By Application
23.Europe Global Optically Alcohols And Epoxides Industry By Application
24.APAC Global Optically Alcohols And Epoxides Industry By Application
25.MENA Global Optically Alcohols And Epoxides Industry By Application