Flow Chemistry Industry Overview
The global flow chemistry market size was valued at USD 1.46 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.2% from 2022 to 2030.
Increasing awareness surrounding sustainable development and the growing pharmaceutical and chemical industries are some of the key factors fueling the industry growth. The COVID-19 pandemic resulted in an oil price collapse leading to a narrowing of feedstock cost advantage for chemical companies. This resulted in a decrease in the demand for reactors in the chemical industry, which generates a major part of the revenue for the industry. Moreover, these effects were felt by the petrochemical and pharmaceutical industries, thus negatively impacting the market growth.
Gather more insights about the market drivers, restrains and growth of the Global Flow Chemistry Market
The pandemic exposed the pharmaceutical supply chain in the U.S. leading to many companies setting up manufacturing facilities in the country. The U.S. Food and Drug Administration (FDA) is advocating the use of flow chemistry for Active Pharmaceutical Ingredients (APIs) production. This is expected to boost the industry growth in the country.
The use of continuous flow methods in this technology for extraction, chromatography, and reactions with supercritical fluids provides several advantages over the batch process. Moreover, the use of green solvents such as methanol and acetone can be safely carried out in a flow reactor under high pressure and elevated temperatures.
Smaller equipment sizes, decreased waste, lower costs, and faster time to market for new medications are expected to fuel the growth. Increased investment in R&D by reactor manufacturers and end-users is projected to drive the market. Several benefits of flow chemical reactors over batch reactors are expected to augment the industry growth.
The market’s competitive landscape is driven by technological innovation for the use of flow chemistry. Companies in the industry are extensively spending on R&D and creating products to optimize the manufacturing procedure and increase the yield to be synthesized. Global demand for fine chemicals and specialized chemicals has driven manufacturers to create partnerships with end-users, which is likely to promote growth.
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- Formaldehyde Market: The global formaldehyde market size was valued at USD 7.81 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2028.
- Chlorine Trifluoride Market: The global chlorine trifluoride market size was valued at USD 45.48 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2021 to 2028.
Market Share Insights
- May 2021: CEM acquired Intavis Bioanalytical Instruments Assets and assumed global sales, service, and support responsibility for the instrumentation line of the latter.
Key Companies profiled:
The competitive environment in the market is driven by the innovation in technology for the usage of flow chemistry.
Key market participants 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.
- Parr Instrument Company
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