Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Grignard reagents are highly reactive compound with chemical formula R-Mg-X. It belongs to the organometallic compounds and finds extensive applications in the synthesis of various chemicals. Moreover, in the pharmaceutical industry, it is used to produce various drugs for curing prolonged diseases. Pharmaceuticals, packaging, flavours and fragrances, agrochemicals, and research &developments center are some of the major end-user of the Grignard reagents.

NAFTA and Europe Grignard Reagents market is projected to reach around US$ 4,427.8 million by the end of 2027, in terms of revenue, growing at CAGR of 4.3% during the forecast period (2020-2027).

Drivers

Growing demand for eco-friendly Grignard reagents due to strict environmental regulations is primarily fueling the market growth of the NAFTA and Europe Grignard reagents. According to the Coherent Market Insights analysis, Rieke metals, LLC., an American Grignard reagent manufacturer, produces over 30 Grignard and organozinc reagent chemicals in its naturally derived 2-methyltetrahydrofuran (2-MeTHF).

An increasing number of the manufacturer that produces Grignard reagents are further expected to augment the market growth. According to the Coherent Market Insights analysis, Albemarle Corporation, GFS Chemicals, Pentagon Chemicals, Weylchem international GmbH, and Boulder Scientific Company are among the top producers of Grignard reagents in the NAFTA and Europe region. These companies, collectively, are estimated to hold around 11%-13% market share in the NAFTA and Europe Grignard reagent market.

Market Restraints

Due to the highly strong and unstable nature of the Grignard reagents, extreme care and well-experienced expertise are required during the chemical reactions. This factor is expected to restrict the market growth of the NAFTA and Europe Grignard reagent.

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NAFTA and Europe Grignard Reagents Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 3,158.2 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 4.3% 2027 Value Projection: US$ 4,427.8 Mn
Geographies covered:
  • NAFTA: U.S., Canada, and Mexico
  • Europe: Germany, France, U.K, Spain, Italy, Russia, and Rest of Europe
Segments covered:
  • By Application: Catalyst, Stabilizers, and Others
  • By End-user: Pharmaceuticals, Agrochemicals, Flavors & Fragrances, Packaging, and Research
Companies covered:

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

Growth Drivers:
  • Growing demand for eco-friendly Grignard reagents due to strict environmental regulations
  • Growing demand for Grignard reagents across pharmaceuticals is projected to augment the growth
Restraints & Challenges:
  • Strict rules and regulations on the use of Grignard reagents as it is highly reactive in nature and have various environmental impacts

Market Opportunities

The growing use of Grignard reagents in the agrochemical industry has significant growth opportunities which can fuel the market growth in the near future. Grignard reagents are used to making leeway in the agrochemical sector due to its soil-enriching properties. Thus, the market growth is also attributed to the growth in the agrochemical sector in the NAFTA and Europe regions.

Increasing demand for Grignard reagents from the packaging industry is expected to have a positive impact on the market of the NAFTA and Europe Grignard reagent market over the forecast period. The market growth is also attributed to the growth in the packaging industry in the NAFTA and European regions due to overall economic development. Therefore, the growing demand for Grignard reagents from the packaging industry is expected to augment the market growth over the forecast period.

Figure 1. NAFTA and Europe Grignard Reagents Market– Opportunity Analysis

NAFTA and Europe Grignard Reagents  | Coherent Market Insights

Market Trends

Increasing focus of manufacturers in research to explore the chemical functionalities of Grignard chemicals and their derivatives, in order to expand their applications is expected to be a major trend in the market. Moreover, manufacturers are also establishing whole new supply chain departments for suppliers, vendors, and contractors, for ensuring continuous engagement with them. This trend is expected to accelerate the growth of the NAFTA and Europe Grignard reagent market.

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Figure 2. NAFTA and Europe Grignard Reagents Market Share (%) in terms of Value, By End-user, in 2019

NAFTA and Europe Grignard Reagents  | Coherent Market Insights

On the basis of end-user in 2019, the pharmaceutical segment has accounted the largest market share of 57.0% in terms of value, followed by agrochemical and flavor & fragrance segment respectively.

Coronavirus Impact on Grignard Reagents Market

The Grignard reagents find application in various end-use industries such as Pharmaceuticals, Agrochemicals, Flavors & Fragrances, Packaging, and Research. Except for its application in the pharmaceutical industry, Covid-19 has reduced the demand for Grignard reagents across other industry verticals. The lowest demand has been estimated from the flavors & fragrances industries. Low consumer spending on non-essential items is expected to reduce demand for flavors & fragrances. If the pandemic lasts for a medium or long span of time, it may impact supply of active materials and ingredients, mainly from China, as well as import and export of pharmaceuticals. According to Coherent Market Insights, the Grignard reagents market is expected to grow at a slightly lower CAGR between 2020 and 2021.

Competitive Section:

Company Names 

  1. Albemarle Corporation
  2. FMC Corporation
  3. SABIC
  4. Weylchem GmbH
  5. GFS Chemicals
  6. Rieke Metals Inc.
  7. Thermo Fischer Scientific
  8. Boulder Scientific Company
  9. Pentagon Chemicals Ltd
  10. Chemoxy International Ltd

Grignard reagents belong to organometallic compounds with standard formula R-Mg-X, in which R is an organic group whereas X belongs to the halogen group. They have a strong negative charge at the carbon atom and thus are highly attracted to the positively charged atoms. This property of the Grignard makes it highly reactive and suitable for various chemical reactions applications. It has extensive use in the pharmaceutical industry for the manufacturing of various drugs.

Market Dynamics

Growing demand for flavor and fragrances from the cosmetic and personal care industry is projected to bolster the growth of the NAFTA and Europe Grignard reagent market. Rising demand for cosmetics products due to the growing sense of fashion and aspire to look good is another major factor is expected to create demand for Grignard reagent for flavor and fragrance. Therefore, the growing demand for cosmetics products in the NAFTA and Europe region will favor the market growth of the Grignard reagent.

Strict rules and regulations on the use of Grignard reagents as it is highly reactive in nature and have various environmental impacts are expected to restrict the growth of the NAFTA and Europe Grignard reagent market.

Key features of the study:

  • This report provides in-depth analysis of the NAFTA and Europe Grignard reagents market and provides market size (US$ Million & Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
  • This study also provides impact analysis of Coronavirus (Covid-19) pandemic on NAFTA and Europe Grignard reagents market.
  • It profiles key players in the NAFTA and Europe Grignard reagents market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study 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
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The NAFTA and Europe Grignard reagents market report caters to various stakeholders in this industry including investors, suppliers, NAFTA and Europe Grignard reagents manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the NAFTA and Europe Grignard reagents market

Detailed Segmentation:

  • NAFTA and Europe Grignard Reagents Market, By Application:
    • Catalyst
    • Stabilizers
    • Others
  • NAFTA and Europe Grignard Reagents Market, By End-user:
    • Pharmaceuticals
    • Agrochemicals
    • Flavors and Fragrances
    • Packaging
    • Research
  • NAFTA and Europe Grignard Reagents Market, By Region:
    • North America
      • U.S.
        • By Application:
          • Catalyst
          • Stabilizers
          • Others
        • By End-user:
          • Pharmaceuticals
          • Agrochemicals
          • Flavors and Fragrances
          • Packaging
          • Research
      • Canada
        • By Application:
          • Catalyst
          • Stabilizers
          • Others
        • By End-user:
          • Pharmaceuticals
          • Agrochemicals
          • Flavors and Fragrances
          • Packaging
          • Research
      • Mexico
        • By Application:
          • Catalyst
          • Stabilizers
          • Others
        • By End-user:
          • Pharmaceuticals
          • Agrochemicals
          • Flavors and Fragrances
          • Packaging
          • Research
    • Europe
      • U.K.
        • By Application:
          • Catalyst
          • Stabilizers
          • Others
        • By End-user:
          • Pharmaceuticals
          • Agrochemicals
          • Flavors and Fragrances
          • Packaging
          • Research
      • Germany
        • By Application:
          • Catalyst
          • Stabilizers
          • Others
        • By End-user:
          • Pharmaceuticals
          • Agrochemicals
          • Flavors and Fragrances
          • Packaging
          • Research
      • France
        • By Application:
          • Catalyst
          • Stabilizers
          • Others
        • By End-user:
          • Pharmaceuticals
          • Agrochemicals
          • Flavors and Fragrances
          • Packaging
          • Research
      • Italy
        • By Application:
          • Catalyst
          • Stabilizers
          • Others
        • By End-user:
          • Pharmaceuticals
          • Agrochemicals
          • Flavors and Fragrances
          • Packaging
          • Research
      • Spain
        • By Application:
          • Catalyst
          • Stabilizers
          • Others
        • By End-user:
          • Pharmaceuticals
          • Agrochemicals
          • Flavors and Fragrances
          • Packaging
          • Research
      • Russia
        • By Application:
          • Catalyst
          • Stabilizers
          • Others
        • By End-user:
          • Pharmaceuticals
          • Agrochemicals
          • Flavors and Fragrances
          • Packaging
          • Research
      • Rest of Europe
        • By Application:
          • Catalyst
          • Stabilizers
          • Others
        • By End-user:
          • Pharmaceuticals
          • Agrochemicals
          • Flavors and Fragrances
          • Packaging
          • Research
  • Company Profiles
    • Albemarle Corporation *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • FMC Corporation
    • SABIC
    • Weylchem GmbH
    • GFS Chemicals
    • Rieke Metals Inc.
    • Thermo Fischer Scientific
    • Boulder Scientific Company
    • Pentagon Chemicals Ltd
    • Chemoxy International Ltd

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By End-user
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. NAFTA and Europe Grignard Reagents Market – Impact of Coronavirus (Covid-19) Pandemic
    • Impact of Coronavirus – Overview
    • Impact of Coronavirus, By Region
      • NAFTA
      • Europe
  5. NAFTA and Europe Grignard Reagents Market, By Application, 2017 - 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Catalyst
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Stabilizers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
  6. NAFTA and Europe Grignard Reagents Market, By End-user, 2017 - 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027
      • Y-o-Y Growth Analysis, 2020 – 2027 (%)
      • Segment Trends
    • Pharmaceuticals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Agrochemicals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Flavors and Fragrances
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Packaging
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
    • Research
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2020 - 2027, (US$ Million & Tons)
  7. NAFTA and Europe Grignard Reagents Market, By Region, 2017- 2027 (US$ Million & Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027
      • Y-o-Y Growth Analysis, By Region, 2020 – 2027 (%)
    • North America
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By End-user, 2017- 2027 (US$ Million & Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By End-user, 2017- 2027 (US$ Million & Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By End-user, 2017- 2027 (US$ Million & Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027
      • Y-o-Y Growth Analysis, By Country, 2020 – 2027 (%)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By End-user, 2017- 2027 (US$ Million & Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By End-user, 2017- 2027 (US$ Million & Tons)
        • K.
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By End-user, 2017- 2027 (US$ Million & Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By End-user, 2017- 2027 (US$ Million & Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By End-user, 2017- 2027 (US$ Million & Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By End-user, 2017- 2027 (US$ Million & Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Million & Tons)
          • Market Size and Forecast, By End-user, 2017- 2027 (US$ Million & Tons)
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Albemarle Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • FMC Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • SABIC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Weylchem GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • GFS Chemicals
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Rieke Metals Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Thermo Fischer Scientific
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Boulder Scientific Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Pentagon Chemicals Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Chemoxy International Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

Frequently Asked Questions

The market for NAFTA and Europe Grignard reagent is estimated to surpass US$ 4,427.8 million by 2027, exhibiting a CAGR of 4.3% between 2020 and 2027.
Growing demand for eco-friendly Grignard reagents due to strict environmental regulations is primarily fueling the market growth of the NAFTA and Europe Grignard reagents. According to the Coherent Market Insights analysis, Rieke metals, LLC., an American Grignard reagent manufacturer, produces over 30 Grignard and organozinc reagent chemicals in its naturally derived 2-methyltetrahydrofuran (2-MeTHF).
NAFTA and Europe Grignard reagent market is expected to exhibit a CAGR of 4.3% during the forecast period (2020-2027).
Major players operating in the NAFTA and Europe Grignard reagent 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
Due to the highly strong and unstable nature of the Grignard reagents, extreme care and well-experienced expertise are required during the chemical reactions. This factor is expected to restrict the market growth of the NAFTA and Europe Grignard reagent.
Improving lifestyle of the consumer due to increasing disposable income which is creating demand for various consumer products is expected to stimulate the growth of the NAFTA and Europe Grignard reagent market. Moreover, the growing focus of the manufacturer to develop new and products for the Grignard chemistry by adopting various strategic alliance is further expected to accelerate the market growth.
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