Flow Chemistry Market Trend & Growth | 2023- 28

Market Insights

The flow chemistry market is estimated to grow from USD 1.56 billion in 2022 to USD 2.91 billion by 2028 at a CAGR of 10.96%during the forecast period.

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What is the flow chemistry?

Flow chemistry, also known as continuous flow chemistry, is a chemical synthesis approach that involves performing chemical reactions in a continuous stream of reactants, instead of in traditional batch processes where reactants are mixed and held in a vessel. In flow chemistry, the reactants are pumped through a flow reactor, allowing for precise control of reaction conditions and improved safety and efficiency compared to conventional batch reactions.

Market Dynamics

The market is driven by a host of factors, some of which are noted below:

• Increasing awareness surrounding sustainable development and the growing pharmaceutical and chemical industries are some of the key driving factors for industry growth.
• Growth indicators from the pharmaceutical industry.
• Rising flow chemistry demand owing to its low operation costs and sustainable characteristics.
• Safety in the production process along with low emissions
• Increasing flow chemistry demand in biodiesel manufacturing

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Key Players

Some of the key players in the flow chemistry market are-

• AM Technology
• Chemtrix BV
• FutureChemistry Holding BV
• Koninklijke DSM N.V.
• Lonza Group Ltd.
• Milestone S.r.l.
• Syrris Ltd.
• ThalesNano, Inc.
• Uniqsis Ltd.
• Vapourtec Ltd.

Segment Analysis

By End-User Type

The market is segmented as pharmaceutical, chemical, academic & industrial research, petrochemical, and others. The chemical is estimated to be the emerging segment of the market during the forecast period on account of increasing applications of various technologies in bulk chemicals. Factors such as growing production of bulk chemicals and many industries depending on flow chemistry for producing bulk chemical are expected to accelerate the industry growth during the forecast period.

By Reactor Type

The market is segmented into microreactor systems, CSTR, plug flow reactor, mesoreactor, and others. CSTR is estimated to be the dominating segment with a market share of more than 30% in 2022 on account of being the most utilized flow reactor as it is utilized in various industries and is the most preferable reactor type, boosting the overall industry growth over the forecast period.

By Region

North America is estimated to be the fastest-growing market with a market share of more than 35% in 2020 owing to the growing chemical industry, ruled by fertilizers and basic chemical manufacturers in the regional market. On the other hand, Asia-Pacific is also estimated to witness a significant growth rate in the market with India and Indonesia being the major countries with rising pharmaceutical industry over the forecast period. Europe is also expected to offer substantial growth opportunities during the forecast period.

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Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The flow chemistry market is segmented into the following categories. 

By Reactor Type:

• Microreactor System 
• CSTR
• Plug Flow Reactor
• Mesoreactor
• Others

By End-User Type:

• Pharmaceutical 
• Chemical 
• Academic & Industrial Research 
• Petrochemical 
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. 

What Deliverables Will You Get in this Report?

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the reactor types by end-user type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.