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Flow Chemistry Market by Type (Microreactor systems, Continuous Stirred Tank Reactor (CSTR), Plug Flow Reactor (PFR), Meso Reactor) by Application (Pharmaceutical, Chemical, Academic & industrial research, Petrochemical, Others)- Global Industry Overview, Market Intelligence, Future Prospects And Competitive Analysis, 2016 - 2028

Flow Chemistry Market Analysis

Flow chemistry is also commonly known as continuous flow chemistry- or as plug flow by many. Flow chemistry is usually applied for diazotisation, oxidation, hydrogenation, and halogenation reactions. It involves the whole procedure of chemical reactions in a pipe or tube. The reactive components pump together at mixing junctions and flow through a tube or pipe controlled by a specific temperature. It’s a wonderous essential for achieving faster, safer reactions and cleaner products.

Today, the industry is primarily categorised by reactors and end-users. Reactors primarily contain continuous-stirred tank reactors, plug flows reactors, microreactor systems, and Meso reactors. On the other hand, end-users mainly consist of academic and industrial research, pharmaceutical, petrochemical, and chemical industries.

Global Flow Chemistry market is expected to witness CAGR of 9.58% during the forecast period. The revenue generated by the global Flow Chemistry market in 2021 was over USD 1,429.66 million and expected to generate revenue worth USD 2,847.05 million in 2028. The incremental growth opportunity offered by the global Flow Chemistry is estimated to be USD 16.85 billion between 2022 and 2028.

Interesting Facts about Flow Chemistry Industry

  • Flow Chemistry Can Facilitate Reaction Speed Optimization
  • More Selective Reactions Can be Carried Out by Flow Chemistry
  • Photochemistry and Electrochemistry Can be Easily Carried Out Using Flow Chemistry Technique
  • Over 30 Patents Every Year Has Been Issued Related to Flow Chemistry over The Past Few Year
  • Solid Phase Catalysis can be Achieved through Flow Chemistry

Advancements in the Chemical Industry to Lead the Demand for Flow Chemistry

Advancements in the chemical industry are massive influencers for the flow chemistry market. Today, the international industry is worth over one billion USD. And it’s expected that the flow chemistry market will go through rapid expansion over the next ten years.

The global flow chemistry industry suffered a setback from both the demand and supply sides during the pandemic. The need for bulk chemicals directly drives flow chemistry. Because production processes halted because of lockdowns and temporary lack of labour, aggregate demand for flow chemistry also reduced.

On the other hand, limited trade and broken supply chains caused limited flow chemistry supply worldwide. However, covid reopening and global conditions steadily recovering ensure take-off for the industry and increasing growth opportunities. 

Strong Growth of Flow Chemistry in Pharmaceutical Industry

There are numerous notable drivers for the global flow chemistry market, chief among them is the rise of the pharmaceutical industry. After the pandemic, the pharma sector continues flourishing is a strong push for flow chemistry because now, households have boosted their demands for personal and health care products. Growing health consciousness means more people consuming traditional and modern medicines to optimise their fitness and wellbeing.

Flow Chemistry to Facilitate Economic Manufacturing

Another opportunity for the international market is its intriguing cost-effectiveness. The contemporary world is exceptionally competitive. Stakeholders need cost-efficiency to remain thriving and maintain their market shares. That’s where flow chemistry saves the day with its immaculately low operational costs. In addition, as demand for green-friendly businesses boosts due to high awareness of ecological practices, flow chemistry helps firms with its sustainable characteristics. That appeals to consumers and boosts sales- and overall profitability.

In addition, flow chemistry ensures safety in production procedures. Low waste and better protection for the workforce result in more companies employing the product to eliminate risky working conditions. Lastly, biodiesel manufacturing is experiencing massive growth, simultaneously surging demand for flow chemistry. Rapidly increasing research projects and alliances between major manufacturers and institutions are other drivers for the flow chemistry market.

Scaling-up Issues to Restrict the Growth of Flow Chemistry

Even though the international flow chemistry industry is set to expand and boom, a few limitations may restrict the growth from reaching higher milestones. Primarily, stakeholders are concerned about technology scale-ups for commercialisation. In addition, the practice is still not as widely sought after in underdeveloped economies.

North America to Lead the Growth of Flow Chemistry

Strong growth of flow chemistry in U.S. is major growth driving factor for the global flow chemistry. North America held over 30% share in total revenue generated by the global flow chemistry industry in 2021. This can be attributed to various features such as efficient yet economic manufacturing process that also comply stringent safety regulations. Europe is second leading regional market for flow chemistry with Germany, UK, France and Italy leading the way for future growth in the region. While, Japan, China, South Korea, Taiwan, India and Singapore are rapidly adopting the advance manufacturing processes. Some of the leading players in global flow chemistry include, Lonza Group, Syrris Ltd., FutureChemistry Holding BV, Milestone S.r.l, ThalesNano, Inc., Uniqsis Ltd., Vapourtec Ltd, AM Technology, Chemtrix BV, Koninklijke DSM N.V. and others.

Frequently asked questions about global Flow Chemistry industry

Likewise other industries, COVID 19 also taken a toll on Flow Chemistry market with around 14.46% decline in its revenue in 2020 as compare to 2019

North America is the largest regional market with highest share in the total revenue generation by Flow Chemistry market in 2021

Environment friendly, safe and sustainable manufacturing is a major factor driving the demand for Flow Chemistry

By type, Continuous Stirred Tank Reactor (CSTR) segment dominated the Flow Chemistry market in 2021 with over 40% share

Issues associated with scaling up production capacity is major factor arresting growth of this industry

Flow Chemistry Report Scope

Report Attribute Details
Market Value in 2021 USD 1,429.66 million
Market Value in 2028 USD 2,847.05 million
CAGR 9.58% between 2021 and 2028
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Published Date:  Jun 2022
Category:  Chemicals
Report ID:   60554
Report Format:   PDF
Pages:   190
Rating:    4.6 (21)
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