Increasing adoption of flow chemistry in pharmaceutical, chemical and petrochemical industries to drive market growth
Market Size –
USD 1.56 billion in 2020 Market Growth – 9.8% Market Trends – Demand for safe
and more streamlined chemical processes
The global Flow Chemistry Market size is expected to reach USD 3.27
billion by 2028 and register a CAGR of 9.8% over the forecast period, according
to a latest report by Reports and Data. Market revenue growth driving factors
include increasing applications of flow chemistry in the pharmaceutical
industry and in chemical industries for a variety and increasing range of
applications.
Over the last
few decades, the field of flow chemistry has gotten a lot of attention. From
drug discovery to processing, flow chemistry has been commonly used in the
pharmaceutical industry. A number of new enabling technologies are making it
more rational to run reactions in flow over batch techniques from a synthetic
standpoint. Furthermore, highly automated flow synthesis systems have been
developed with a wide variety of applications in the pharmaceutical industry,
ranging from medicinal chemistry programme advancement to self-optimizing
synthetic routes.
Flow chemistry
has evolved significantly in recent years, from a simple laboratory technique
to a multistep, complex method. One of the most popular applications of
continuous flow technology is in the chemical industry. The molecular toolbox
is being extended by new avenues of reaction chemistry. Machine intelligence
and sustainable manufacturing are examples of next-generation engineering ideas
that have become a reality, allowing for unprecedented interdisciplinary
collaboration. Emerging trends and technological advances have produced growth
opportunities for the flow chemistry market in academia and research.
Key market players 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., and Parr Instrument Company.
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Some Key
Highlights From The Report:
- Phlow Corp., headquartered in the
United States, and the United States Pharmacopeia (USP) announced a
strategic alliance in February 2021 aimed at increasing the supply of
essential medicines for US patients. The collaboration will make it easier
for Phlow to use flow chemistry and other continuous advanced
manufacturing processes to produce the critical ingredients that allow
end-to-end drug manufacturing in the United States.
- Plug flow reactors are well-suited
to rapid reactions and large-scale processes, and their use in
pharmaceutical and chemical manufacturing is expected to grow.
- Microreactors are expected to rise
at the fastest rate during the forecast period, owing to their widespread
use in pharmaceuticals and fine chemicals.
- The pharmaceutical industry is
expected to see the fastest growth in the use of flow chemistry for
conducting reactions, continuous separations, and continuous
crystallisation.
- During the forecast period,
petrochemicals segment is projected to register a substantial revenue
CAGR, owing to rising demand for high yield with low energy and material
usage and high-cost savings.
- Due to high demand from many major
end-use industries such as chemicals and petrochemicals, Europe is one of
the fastest growing markets among other regional markets, and accounted
for a revenue share of 22.6% in 2020.
- North America accounted for largest
market share in 2020, attributed to large number of chemical manufacturers
in countries in the region, and rapid technological advancements.
To identify
the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/flow-chemistry-market
Segments
Covered in the Report:
For the purpose of this report, Reports and Data has segmented the global flow
chemistry market report on the basis of reactor, application, and region
Reactor
Outlook (Revenue, USD Million, 2018 - 2028)
- CSTR
- Plug Flow Reactor
- Microreactor
- Microwave System
- Others
Application
Outlook (Revenue, USD Million, 2018 - 2028)
- Pharmaceuticals
- Chemicals
- Academia & Research
- Petrochemicals
- Others
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Regional
Outlook (Revenue, USD Million, 2018–2028)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
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