According to the latest report by IMARC Group “Flow Chemistry Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global flow chemistry market size reached US$ 1.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.9 Billion by 2027, exhibiting a growth rate (CAGR) of 11.11% during 2022-2027.
Flow chemistry is widely used for oxidation, hydrogenation, halogenation, and diazotization reactions. It assists in performing chemical reactions between reactive compounds in a single flowing stream. It also aids in increasing product quality and yield, analyzing, optimizing, scaling up chemical reactions, and providing a customizable workflow. Moreover, as it is safer, faster, and scalable, flow chemistry is replacing the conventionally used batch reactors worldwide.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
Presently, there is a considerable expansion in the chemical industry across the globe. This, along with the increasing adoption of microreactors in the pharmaceutical industry, represents one of the key factors positively influencing the market. Besides this, leading players are introducing advancements, such as highly automated flow synthesize systems integrated with next-generation sustainable manufacturing solutions. These technologies assist in preventing blockages in the process and maintaining a continuous flow. Furthermore, the market is also driven by increasing research and development (R&D) activities.
Breakup by Reactor:
- Continuous Stirred Tank Reactor
- Plug Flow Reactor
- Microreactor
- Microwave System
- Others
Breakup by Application:
- Pharmaceuticals
- Chemicals
- Academia and Research
- Petrochemicals
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- AM Technology
- Chemtrix BV
- Corning Incorporated
- Ehrfeld Mikrotechnik GmbH
- FutureChemistry Holding B.V.
- HEL Ltd.
- Lonza Group AG
- Milestone Srl (Koch Media GmbH)
- Parr Instruments Company
- Syrris Ltd (Asahi Glassplant Inc.)
- ThalesNano Inc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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