The latest market report published by Credence Research, Inc. “Global Flow Chemistry Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Flow Chemistry Market generated revenue of around USD 1,429.66 million in 2021 and is anticipated to grow a CAGR of over 9.58% during the forecast period from 2021 to 2028 to reach around USD 2,847.05 million in 2028. While, cumulative growth opportunity presented by the global Flow Chemistry is around USD 16.85 billion during 2022 to 2028.
Global Flow Chemistry Market, 2021 – 2028 (USD Million)
As against conventional production techniques, flow chemistry is a continuous flow production process. Conventional production processes involved batch or semi batch production process which has many demerits such as environmental issues, high emission levels and are highly expensive too. However, flow chemistry is very efficient, sustainable and safe production technique. Most f the time flow chemistry involved only one reactor and chemical reaction are carried out by consistent pumping of a stream of dissolved reaction mixture.
Browse the full report at https://www.credenceresearch.com/report/flow-chemistry-market
Continuous Stirred Tank Reactor (CSTR) to Hold the Largest Share
Microreactor systems, Continuous Stirred Tank Reactor (CSTR), Plug Flow Reactor (PFR) and Meso Reactor are some of the major types of flow chemistry. Among all, Continuous Stirred Tank Reactor (CSTR) dominated the global flow chemistry market with over 40% share in total revenue generated by the global flow chemistry market in 2021. While, plug flow reactor is likely to grow at a rapid pace over the forecast period. It also held the second largest share in 2021.
Major Revenue Stem from Chemical Industry
Pharmaceutical, Chemical, Academic & industrial research, Petrochemical and Others are some of the major end-user industries of flow chemistry. Chemical industry generated the largest share of revenue in 2021. It accounted for 35% share in 2021. While, pharmaceutical industry is anticipated to exhibit fastest CAGR over the analysis period.
Issues Associated with Scaling Up of Technology
In spite of so many advantages of flow chemistry over traditional batch processes, scaling-up of continuous flow reactors is one of the major challenges faced by the chemical and pharmaceutical manufacturing industry. As the earlier equipment was designed for laboratory purposes, the scaling-up of reactors is an expensive process. The flow chemistry technology is increasingly popular in laboratories and is regularly utilized for drug discovery and development. However, scaling-up the technology from laboratory level to commercial level is a challenge for manufacturers. Additionally, the technology is not developed to a certain degree of maturity and is only in close connection with a certain production process. The crucial factor in the scale-up is not only technological know-how but also the risks associated with it.
North America to Lead
North America is dominating the global flow chemistry market with over on third share in 2021. Dominance of the North America can be attributed to growing demand for safe, efficient, cost effective and sustainable process to meet stringent regulations in the U.S. While, Europe is second leading market, Asia Pacific is likely to grow at a rapid pace in the years to come. Germany, UK, and France are leading market in Europe, while China, Japan and South Korea are fueling demand for flow chemistry in Asia Pacific.
AM Technology, Chemtrix BV, Koninklijke DSM N.V., FutureChemistry Holding BV, Milestone S.r.l, Lonza Group, Syrris Ltd., ThalesNano, Inc., Uniqsis Ltd, and Vapourtec Ltd are some of the major players operating in global flow chemistry market. Top two players hold over 30% share in 2021. There large number of small and medium companies operating in this industry across the world.
Market Segmentation
Global Flow Chemistry Market by Type, 2016 – 2028
- Microreactor systems
- Continuous Stirred Tank Reactor (CSTR)
- Plug Flow Reactor (PFR)
- Meso Reactor
Global Flow Chemistry Market by Application, 2016 – 2028
- Pharmaceutical
- Chemical
- Academic & industrial research
- Petrochemical
- Others
Global Flow Chemistry Market by Company, 2016 – 2028
- AM Technology
- Chemtrix BV
- Koninklijke DSM N.V.
- FutureChemistry Holding BV
- Milestone S.r.l
- Lonza Group
- Syrris Ltd.
- ThalesNano, Inc.
- Uniqsis Ltd.
- Vapourtec Ltd
- Others
Browse the full report at https://www.credenceresearch.com/report/flow-chemistry-market
Related Report:
Life Science Instrumentation Market
3D Cell Culture Microplates Market
Hydrometallurgical Recycling Market
Media Contact
Company Name: Credence Research
Contact Person: Chris Smith
Email: Send Email
Phone: 18003618290
City: SAN JOSE
State: CA
Country: United States
Website: https://www.credenceresearch.com/