This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Read More

Grignard Reagents Market

Grignard Reagents Market By Application Type (Catalyst, Stabilisers), End User (Pharmaceuticals, Agrochemicals, Flavours and Fragrances) & Region - Forecast to 2016 - 2026

Grignard Reagents Market By Application Type (Catalyst, Stabilisers), End User (Pharmaceuticals, Agrochemicals, Flavours and Fragrances) & Region - Forecast to 2016 - 2026

Grignard Reagents Market - Analysis, Outlook, Growth, Trends, Forecasts

The Grignard Reagents market in Europe and NAFTA to spur in the next 10 years

Grignard reagents are a class of organometallic compounds representing a standard formula R-Mg-X, wherein R is an organic group and X is an atom belonging to the halogen group. Grignard chemicals hold a strong negative charge at the carbon atom and therefore are more attracted towards the positively charged molecules and atoms; this makes Grignard reagents highly reactive and useful for various chemical synthesis and catalytic applications.

The Grignard chemistry has vast applications in the pharmaceutical sector as it is used for the manufacture of several important drugs and medicines that are used to cure severe prolonged diseases including cancer. The sales revenue of Grignard reagents in the NAFTA and Europe regions is estimated to reach US$ 2.8 Bn by the end of 2016 and is expected to increase at a CAGR of 4.2% over the forecast period (2016–2026).

The rampant rise in cancerous diseases will add fodder to the organic growth of the Grignard Reagents market spread across the continents

Development of eco-friendly Grignard reagents is leading to their increased consumption across various end-use industries. Growing use of Grignard chemistry in medicines, coupled with the macroeconomic growth of the pharmaceutical industry, is driving adoption of Grignard reagents in the NAFTA and Europe region. Various important medicines such as Tamoxifen used for the treatment of breast cancer and cough syrups, etc. use Grignard chemicals during their synthesis.

However, due to the high reactivity of Grignard reagents, utmost care and safety precautions are required during their manufacturing, use and transportation. Owing to their versatility, manufacturers are highly focussed on developing new products and compounds using Grignard chemistry. Market players in the NAFTA and Europe region are found to have been increasing their market shares actively through various mergers and acquisitions.

Soil enriching property of Grignard reagents is opening a new alley of opportunity for the market

On the basis of application, the NAFTA and Europe Grignard Reagents market is segmented into catalyst, stabilisers, and others segment. The catalyst and stabilisers segments collectively accounted for over two-thirds value share in 2015. The others segment is expected to expand at a value CAGR of 3.5% over the forecast period.

Grignard reagents are commonly used to manufacture chemo-catalyst for its application in pharmaceutical and chemical industries. Due to the development of eco-friendly products with soil enriching properties, the market for Grignard reagents is making a leeway in the agrochemical industry.

On the basis of the end user, the NAFTA and Europe Grignard Reagents market is segmented into pharmaceuticals, agrochemicals, flavour & fragrance, packaging, and research segments. In 2015, the pharmaceutical segment accounted for more than half of the total volume shares and is expected to expand at a CAGR of 3.7% over the forecast period.

Agrochemical and flavour & fragrance segments are estimated to account for a collective value share of 27.8% by the end of 2016. The research segment is expected to expand at a value CAGR of 3.8% over the forecast period.

Can the growth of the Grignard Reagents market cross the boundaries of the orthodox markets during the forecast period?

On the basis of geography, the Grignard Reagents market is confined to NAFTA and Europe regions. The Grignard Reagents market in the NAFTA region, expanding at a value CAGR of 4.5%, is expected to reach US$ 2.3 Bn by the end of the forecast period. Pharmaceutical industry growth and increasing research and development activities are expected to drive regional market growth. The Grignard Reagents market in Europe is expected to expand at a value CAGR of 3.9% over the forecast period.

Strong web of distributors and key mergers keeping the global market afloat

Key players dominating the Grignard Reagents market include Albemarle Corporation, FMC Corporation, SABIC, Weylchem GmbH, GFS Chemicals, Rieke Metals Inc, Thermo Fischer Scientific, Boulder Scientific Company, Pentagon chemicals, Ltd and Chemoxy International Ltd.

Sign Up with MarketNgage

World's Most Profilic Intelligence Engine

Get Access To The World's Largest Market Research Database.

Sign Up Now

Market segmentation

By Application

  • Catalyst
  • Stabilisers
  • Others

By End User

  • Pharmaceuticals
  • Agrochemicals
  • Flavours and Fragrances
  • Packaging
  • Research

By Region

  • NAFTA (US, Canada, and Mexico)
  • Europe (Germany, France, U.K, Spain, Italy, Russia,
  • Rest of Europe )

Need specific information?

Our Clients

Chemicals & Materials

View All Reports from Chemicals & Materials

View Reports

Recommendations

Chemicals

Methane Sulfonic Acid Market

Published : 2021-12-21

Chemicals

Petroleum Jelly Market

Published : 2020-10-15

Chemicals

Tinted Glass Market

Published : 2020-10-28

Chemicals

Cold Plates Market

Published : 2020-11-03