An Incisive, In-depth Analysis on the Nafta And Europe Grignard Reagents Market
This study offers a comprehensive, 360 degree analysis on the Nafta And Europe Grignard Reagents market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Nafta And Europe Grignard Reagents market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
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.
Future Market Insights offers a 10-year forecast for the NAFTA and Europe Grignard Reagents market in a new publication titled “Grignard Reagents Market: NAFTA and Europe Industry Analysis and Opportunity Assessment, 2016–2026”. Our study demonstrates key market dynamics and trends across regions that are expected to influence the current status and future prospects of the Grignard Reagents market over the forecast period (2016 – 2026). The primary objective of this report is to provide information on key drivers, restraints, trends, opportunities, value chain analysis, and updates on developments in the Grignard Reagents market; and conduct a quantitative as well as a qualitative assessment of the market across NAFTA and Europe market segments.
By End User
To understand and assess market opportunities and trends, the Grignard Reagents market report is categorically split into different sections based on market segmentation – by application, by an end user, and by region. The report starts with the market overview and provides market definition and analysis about drivers, restraints, opportunities, value chain analysis, and key trends in the market. The sections that follow include NAFTA and Europe market analysis—by application, end user and regional/country level analysis. All the above sections evaluate the market on the basis of various factors affecting the market and discuss their qualitative and quantitative aspects in the NAFTA and Europe region. To give a brief idea about revenue opportunities from the applications, end-user industries, and region/country-wise segments, the report also provides volume (Tonnes) data, absolute $ opportunity, and total incremental opportunity for each segment over the forecast period.
In the final section of the report, we have provided the Grignard Reagents market structure and a detailed competitive landscape with company market share and performance, to provide report audiences with a dashboard view of key players operating in the Grignard Reagents market, along with their long-term and short-term business strategies.
For market data analysis, we have considered 2015 as the base year, with market numbers estimated for 2016 and forecast made for 2017–2026. To calculate the market size, the report considers the weighted average price of Grignard Reagents across NAFTA and Europe. The forecast assesses the total revenue as well as volume (Tonnes) of the Grignard Reagents market. In order to provide an accurate forecast, we have started by sizing up the current market, which forms the basis of how the Grignard Reagents market is expected to develop in the future. We have acquired critical market data through in-depth secondary research. This data is then triangulated on the basis of different verticals, considering both supply side and demand side drivers and other dynamics of the various regional markets, along with primary interviews of manufacturers and industry experts operating in the Grignard Reagents market.
When developing the market forecast, the report begins with sizing the current market, which forms the basis for forecasting how the market is expected to grow during the forecast period. Given the characteristics of the market, we have triangulated the data on the basis of various analyses based on the supply side, demand side, and other dynamics of the Grignard Reagents market. Also, we understand the ever-fluctuating nature of the global economy and hence, we not only conduct forecasts in terms of CAGR but also evaluate the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify growth opportunities for market players operating in the global Grignard Reagents market.
Another key feature of our report is the analysis of the Grignard Reagents market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. Absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the Grignard Reagents market. Further, to understand key market segments in terms of their growth and performance in the Grignard Reagents market, we have developed a market attractiveness index to help providers identify existing market opportunities.
The contribution of secondary research is minimal in this report. As the market is niche, we spoke to a host of manufacturers and stakeholders to gauge market behaviour. According to our study, the Grignard Reagents market will be worth US$ 2.8 Bn by the end 2016 and it will witness sustained growth in the years to come.
A cost sensitive market:
The market is extremely cost sensitive. The high cost of raw materials is arresting the expansion of the Grignard Reagents market. The booming economy in Europe and NAFTA regions is fuelling the overall growth of the Grignard Reagents market. The pinching prices of raw materials will shrink the natural development of the market within the developing economies of the world. Safe ferrying and preservation of the product is also a challenge for the market.