Flow Chemistry Industry Overview
The global flow chemistry market size was valued at USD 1.46 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.2% from 2022 to 2030. Increasing awareness surrounding sustainable development and the growing pharmaceutical and chemical industries are some of the key factors fueling the industry growth. The COVID-19 pandemic resulted in an oil price collapse leading to a narrowing of feedstock cost advantage for chemical companies. This resulted in a decrease in the demand for reactors in the chemical industry, which generates a major part of the revenue for the industry. Moreover, these effects were felt by the petrochemical and pharmaceutical industries, thus negatively impacting the market growth.
The pandemic exposed the pharmaceutical supply chain in the U.S. leading to many companies setting up manufacturing facilities in the country. The U.S. Food and Drug Administration (FDA) is advocating the use of flow chemistry for Active Pharmaceutical Ingredients (APIs) production. This is expected to boost the industry growth in the country.
Gather more insights about the market drivers, restrains and growth of the Global Flow Chemistry market
The use of continuous flow methods in this technology for extraction, chromatography, and reactions with supercritical fluids provides several advantages over the batch process. Moreover, the use of green solvents such as methanol and acetone can be safely carried out in a flow reactor under high pressure and elevated temperatures.
Smaller equipment sizes, decreased waste, lower costs, and faster time to market for new medications are expected to fuel the growth. Increased investment in R&D by reactor manufacturers and end-users is projected to drive the market. Several benefits of flow chemical reactors over batch reactors are expected to augment the industry growth.
The market’s competitive landscape is driven by technological innovation for the use of flow chemistry. Companies in the industry are extensively spending on R&D and creating products to optimize the manufacturing procedure and increase the yield to be synthesized. Global demand for fine chemicals and specialized chemicals has driven manufacturers to create partnerships with end-users, which is likely to promote growth.
Browse through Grand View Research’s Organic Chemicals Industry Research Reports.
- Ketones Market – The global ketones market was valued at USD 22.06 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.6% from 2022 to 2030. The growing inclusion of ketones in dietary supplements is expected to boost the market demand in the coming years.
- Acetone Market – The global acetone market size was valued at USD 5.2 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 7.7% from 2022 to 2030. The rise in demand for the product is attributed to its increase in consumption in various end-use industries such as pharmaceuticals, personal care & cosmetics, paints & coatings, and various other applications.
Flow Chemistry Market Segmentation
Grand View Research has segmented the global flow chemistry market based on application, reactor type, and region
Flow Chemistry Application Outlook (Revenue, USD Billion, 2017 – 2030)
- Pharmaceuticals
- Chemicals
- Academia & Research
- Petrochemicals
- Others
Flow Chemistry ReactorType Outlook (Revenue, USD Billion, 2017 – 2030)
- CSTR
- Plug Flow Reactor
- Microreactor
- Microwave Systems
- Others
Flow Chemistry Regional Outlook (Revenue, USD Billion, 2017 – 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Market Share Insights
- May 2020: CEM acquired Intavis Bioanalytical Instruments Assets and assumed global sales, service, and support responsibility for the instrumentation line of the latter.
Key Companies profiled:
Some prominent players in the global flow chemistry market 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.
- Parr Instrument Company
Order a free sample PDF of the Flow Chemistry Marking Coatings Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Market Industry Forecast News 