Flow Chemistry Market Revenue Size, Trends and Factors, Regional Share Analysis & Forecast Till 2028

September 28 03:26 2021
Flow Chemistry Market Revenue Size, Trends and Factors, Regional Share Analysis & Forecast Till 2028
Flow Chemistry Market
Increasing adoption of flow chemistry in pharmaceutical, chemical and petrochemical industries to drive market growth

The global flow chemistry market size is expected to reach USD 3.27 billion by 2028 and register a CAGR of 9.8% over the forecast period, according to a latest report by Reports and Data. Market revenue growth driving factors include increasing applications of flow chemistry in the pharmaceutical industry and in chemical industries for a variety and increasing range of applications.

Over the last few decades, the field of flow chemistry has gotten a lot of attention. From drug discovery to processing, flow chemistry has been commonly used in the pharmaceutical industry. A number of new enabling technologies are making it more rational to run reactions in flow over batch techniques from a synthetic standpoint. Furthermore, highly automated flow synthesis systems have been developed with a wide variety of applications in the pharmaceutical industry, ranging from medicinal chemistry programme advancement to self-optimizing synthetic routes.

Flow chemistry has evolved significantly in recent years, from a simple laboratory technique to a multistep, complex method. One of the most popular applications of continuous flow technology is in the chemical industry. The molecular toolbox is being extended by new avenues of reaction chemistry. Machine intelligence and sustainable manufacturing are examples of next-generation engineering ideas that have become a reality, allowing for unprecedented interdisciplinary collaboration. Emerging trends and technological advances have produced growth opportunities for the flow chemistry market in academia and research. Traditional chemistry laboratories and scientific discovery infrastructure are said to be being revolutionised by flow chemistry. The groundwork for future industries such as continuous-flow biologics, biopharmaceuticals, and the introduction of the nanomaterials revolution is being laid now.

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The key obstacles to be overcome are the need for very quick reaction conditions, possible fouling risks, highly active stable catalysts, clogging, and chemical leaks. Challenges such as catalyst deactivation, frequent reactor repacking/reactivation, and on-stream reliability in catalytic reactors will limit the growth of the flow chemistry market. For example, if reaction tubing clogs, heterogeneous mixtures may be a little more difficult to process.

Key market players include:

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.

Some Key Highlights From The Report:

Phlow Corp., headquartered in the United States, and the United States Pharmacopeia (USP) announced a strategic alliance in February 2021 aimed at increasing the supply of essential medicines for US patients. The collaboration will make it easier for Phlow to use flow chemistry and other continuous advanced manufacturing processes to produce the critical ingredients that allow end-to-end drug manufacturing in the United States.

Plug flow reactors are well-suited to rapid reactions and large-scale processes, and their use in pharmaceutical and chemical manufacturing is expected to grow.

Microreactors are expected to rise at the fastest rate during the forecast period, owing to their widespread use in pharmaceuticals and fine chemicals.

The pharmaceutical industry is expected to see the fastest growth in the use of flow chemistry for conducting reactions, continuous separations, and continuous crystallisation.

During the forecast period, petrochemicals segment is projected to register a substantial revenue CAGR, owing to rising demand for high yield with low energy and material usage and high-cost savings.

Due to high demand from many major end-use industries such as chemicals and petrochemicals, Europe is one of the fastest growing markets among other regional markets, and accounted for a revenue share of 22.6% in 2020.

North America accounted for largest market share in 2020, attributed to large number of chemical manufacturers in countries in the region, and rapid technological advancements.

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Segments Covered in the Report:For the purpose of this report, Reports and Data has segmented the global flow chemistry market report on the basis of reactor, application, and region

Reactor Outlook (Revenue, USD Million, 2018 – 2028)

CSTR

Plug Flow Reactor

Microreactor

Microwave System

Others

Application Outlook (Revenue, USD Million, 2018 – 2028)

Pharmaceuticals

Chemicals

Academia & Research

Petrochemicals

Others

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Regional Outlook (Revenue, USD Million, 2018–2028)

North America

Europe

Asia Pacific

Central & South America

Middle East & Africa

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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