IMARC Group, a leading market research company, has released a report titled “Flow Chemistry Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. According to the report, The global flow chemistry market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.0 Billion by 2028, exhibiting a growth rate (CAGR) of 9.6% during 2023-2028.
Flow chemistry is conducting chemical reactions between reactive compounds within a single flowing stream. It is typically employed for oxidation, halogenation, hydrogenation, and diazotization reactions. The reactive compounds are mixed and pumped into a temperature-controlled pipe, chamber, or microreactor, and the resulting steam is collected to obtain the desired product, which is then directed to subsequent flow reactor loops to generate the final product. It offers quicker, safer, and more scalable reactions, resulting in cleaner products. Consequently, flow chemistry is widely used across various industries, including the pharmaceutical, chemical, and petrochemical industries.
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Flow Chemistry Market Trends and Drivers:
The market is primarily driven by the expanding pharmaceutical and chemical industries. In addition, the widespread adoption of microreactors in the pharmaceutical industry, as they provide safe processing conditions for highly toxic and hazardous reactions in a compact format, is contributing to the market growth. In line with this, the rising demand for flow chemistry owing to their low operation costs, low emissions, and sustainable properties is accelerating the product adoption rate. Moreover, the integration of highly automated flow synthesis systems with machine learning (ML) and next-generation sustainable manufacturing solutions represents another major growth-inducing factor. Furthermore, the introduction of green solvents such as acetone and methanol that can be safely carried out in a flow reactor under high pressure and elevated temperatures, favorable government policies promoting biofuels, and extensive research and development (RD) activities are also creating a positive market outlook.
Report Segmentation:
The report has segmented the market into the following categories:
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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