Global flow chemistry market was valued at USD 1.37 Billion in 2020. It is expected to grow at a 10.2% compound annual growth rate (CAGR), between 2020 and 2028. The growth is expected to be driven by factors such as smaller equipment sizes, lower waste and shorter time to market for new medicines. The growth is expected to be driven by increased investments in the application sector by both reactor manufacturers and end users. The many advantages flow chemistry reactors have over batch reactors will boost growth during the forecast period.
Flow chemistry produces a significant increase in yield and reduces the amount of energy and solvent waste by more than 90%. This has resulted in increased acceptance of flow chemistry for many applications. The European Commission and the U.S. Food and Drug Administration (FDA), support flow chemistry in the production of active pharmaceutical ingredients (APIs). This technology is in line with the U.S. FDA's quality-by-design efforts and will likely be used more often in these industries.
The United States is North America's largest flow chemistry market. In the coming years, the region will be driven by high levels of chemical and pharmaceutical production as well as increased investment by petrochemical producers. Expect stringent government policies to reduce environmental pollution to increase the use of green and efficient technologies in the economy.
The market can be divided by reactor into Microreactors and Continuous Stirred Tank Reactors, Microreactors, Plug flow reactor, and Microwave System. In 2020, the market leader was continuous stirred tank reactors. These reactors are compatible with all reaction phases, including liquid, gas, and solid-liquid. This has helped to increase their popularity. These reactors are also simple to construct and will be in high demand during the forecast period.
These reactors can be used for large-scale processes and rapid reactions. This will increase their use in chemical and pharmaceutical manufacturing. These reactors offer huge potential for scaling up production at a low price, which will have a positive effect on market growth over the next years.
Because of the rapid adoption of pharmaceutical and fine chemicals, microreactors will experience the highest growth rate over the forecast period. These reactors are smaller and require less capital investment. They also allow for safe processing conditions for toxic and highly reactive reactions. These factors will be favorable for market growth over the forecast period.
The market is divided into four categories based on their applications: chemicals, pharmaceuticals, research and academia, and Petrochemicals. The two largest application segments are pharmaceuticals and chemicals. Chemicals held the market share at 37.7% in 2020, according to revenue. Chemicals will be the dominant market in terms of revenue by 2028. The chemical industry is likely to see a rise in demand for flow reactors due to increased demand for specialty and fine chemicals, as well as a greater focus on scaling up production processes. Flow chemistry reduces the number of steps required and the reaction rate, which will have a positive effect on market growth.
Because of its ability to achieve high yields with low energy consumption, high-cost savings and low material consumption, petrochemicals are one of the fastest-growing applications of flow chemistry. Nearly 90% of petrochemical processes still employ traditional batch processes. However, technological advances and a growing awareness towards cleaner technologies will likely increase flow reactor adoption over the forecast period. From 2020 to 2028, a significant increase in revenue for petrochemical applications is expected to occur.
The pharmaceutical industry will see the highest growth in flow chemistry, continuous separations and continuous crystallization. The pharmaceuticals segment was valued in 2020 at USD 342.1 millions and is expected to grow at 11.4% between 2020-2028.
North America had the largest market share in 2020. The region's large number of chemical producers and technological advances will likely increase the demand for flow chemistry technology. Europe is one the fastest-growing regions due to its high demand from many major end-users, including chemicals and petrochemicals.
Asia Pacific was the fastest growing market for flow chemicals, with a CAGR rate of 11.4% between 2020 and 2028. The rising awareness of health and the increasing demand for generic medicines will drive flow chemistry to increase the production of generic drugs. The market will be benefited by increased investment in the pharmaceutical and chemical industries, especially in India, China and Japan over the forecast period.
Innovation in flow chemistry technology is driving the market's competitive environment. The market is thriving because of its high level of R&D investment. Manufacturers have formed alliances with end-users to meet the growing demand for specialty and fine chemicals around the world. These are the key market players:
Ehrfeld Mikrotechnik BTS
Future Chemistry Holdings BV
Cambridge Reactor Design Ltd.
PDC Machines Inc.
Parr Instrument Company
Up Market Research published a new report titled “Flow Chemistry Market research report which is segmented by Reactor (CSTR, Microreactor, PFR), by Application (Chemicals, Petrochemicals, Pharmaceuticals), By Players/Companies Am Technology; CEM Corporation; Milestone Srl; Biotage AB; Syrris Ltd; Vapourtec Ltd; ThalesNano Inc; Hel Group; Uniqsis Ltd; Chemtrix BV; Ehrfeld Mikrotechnik BTS; Future Chemistry Holding BV; Corning Incorporated; Cambridge Reactor Design Ltd; PDC Machines Inc; and Parr Instrument Company”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Flow Chemistry Market Research Report|
|By Reactor||CSTR, Microreactor, PFR|
|By Application||Chemicals, Petrochemicals, Pharmaceuticals|
|By Companies||Am Technology; CEM Corporation; Milestone Srl; Biotage AB; Syrris Ltd; Vapourtec Ltd; ThalesNano Inc; Hel Group; Uniqsis Ltd; Chemtrix BV; Ehrfeld Mikrotechnik BTS; Future Chemistry Holding BV; Corning Incorporated; Cambridge Reactor Design Ltd; PDC Machines Inc; and Parr Instrument Company|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||234|
|Number of Tables & Figures||164|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Reactor (CSTR, Microreactor, PFR), by Application (Chemicals, Petrochemicals, Pharmaceuticals).
Flow Chemistry Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Flow Chemistry Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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