The global Flow Chemistry Market size is expected to reach USD 3.75 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 11.6% from 2024 to 2030. Advantages over batch reactors and growing investments in the pharmaceutical and chemical industries are projected to boost the market growth.
The COVID-19 pandemic has accelerated the need to
move away from chemical commodities to specialty chemicals as per the
requirement of customers. Moreover, the adoption of continuous manufacturing
has increased due to the supply chain disruptions caused by the pandemic, which
is expected to augment the demand for flow chemistry over the forecast period.
Significant reductions in trash output and the
eradication of non-renewable industrial methods are global environmental
concerns. As a result, major economies are enacting policies to mitigate
environmental damage. Several governments are implementing policies to meet the
targets for reducing greenhouse gas emissions.
Continuous Stirred Tank (CST) reactor systems
require little human involvement to operate, resulting in reduced labor costs
associated with their deployment. Furthermore, both reactor systems have a high
output rate, which leads to reduced production costs. The aforementioned factors
are likely to boost the demand for CST reactor systems over the forecast
period.
The growing pharmaceutical industry has positively
impacted the market for several years on account of the increase in the number
of potent and orphan drugs. Moreover, the need for process safety, reduction of
investment cost, and quality standards are likely to augment the demand for
flow chemistry over the forecast period.
The growing use of microreactors in the specialized
chemical, fine chemical, and other petrochemical industries has helped to significantly reduce environmental impact
while also lowering manufacturing costs. Microreactors are used in the bulk chemicals
industry to produce several chemicals such as styrene and Ethylene
Oxide (EO), which is expected to boost the market growth.
List of Key Players of Flow Chemistry Market
- Am Technology
- Asahi Glassplant Inc.
- METTLER TOLEDO
- Vapourtec Ltd.
- ThalesNano Inc.
- H.E.L. Group
- Uniqsis Ltd.
- Ehrfeld Mikrotechnik BTS
- Future Chemistry Holding BV
- Corning Incorporated
- Parr Instrument Company
- Amar Equipment Pvt. Ltd.
- FABEX ENGINEERING PVT. LTD.
- Dalton Pharma Services
Related Press Related@ Flow Chemistry Market Report
Flow Chemistry Market Report Highlights
- The pharmaceuticals application segment is anticipated to expand at
a lucrative CAGR of 12.0% from 2024 to 2030, in terms of revenue, due to
the growing demand for technology that uses renewable
energy sources and reduced manufacturing cost
- By reactor type, microreactor is expected to witness significant
growth over the forecast owing to the increasing demand for
environmentally-friendly equipment and the ability to increase selectivity
- Asia Pacific is estimated to expand at a significant CAGR of 12.4%
over the forecast period on account of the rapidly growing petrochemical
industries and a rise in academia and research in South Korea and Australi
- In Europe, Germany accounted for the largest revenue share of over
33.3% in 2023 owing to the advanced infrastructure, growing pharmaceutical
and chemical industries, and skilled workforce
- Companies such as Am Technology, CEM Corp., Biotage AB, Syrris Ltd.,
and Vapourtec Ltd. are strategizing to strengthen their geographic
presence by mergers and acquisitions or capacity expansions in Asia
Pacific
Flow Chemistry Market Report
Scope
|
Report Attribute |
Details |
|
Market
size value in 2024 |
USD 1.94
billion |
|
Revenue
forecast in 2030 |
USD 3.75
billion |
|
Growth
rate |
CAGR of
11.6% from 2024 to 2030 |
|
Historical
data |
2018 -
2023 |
|
Forecast period |
2024 - 2030 |
Flow Chemistry Market Segmentation
Grand View Research has segmented the global flow
chemistry market report based on reactor type, application, and region
Flow Chemistry Reactor Type Outlook (Revenue, USD
Million, 2018 - 2030)
- CSTR
- Plug Flow Reactor
- Microreactor
- Packed-Bed Reactor
- Others
Flow Chemistry Application Outlook (Revenue, USD Million,
2018 - 2030)
- Pharmaceuticals
- Chemicals
- Academia & Research
- Petrochemicals
- Others
Flow Chemistry Regional Outlook (Revenue, USD Million,
2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Italy
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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