GVR Report cover Flow Chemistry Market Size, Share & Trends Report

Flow Chemistry Market Size, Share & Trends Analysis Report By Reactor (CSTR, PFR, Microreactor), By Application (Pharmaceuticals, Chemicals, Petrochemicals), And Segment Forecasts, 2021 - 2028

  • Published Date: Mar, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-1-68038-711-7
  • Format: Electronic (PDF)
  • Historical Data: 2017 - 2019
  • Number of Pages: 119

Industry Insights

The global flow chemistry market size was valued at USD 1.37 billion in 2020 and is estimated to grow at a compound annual growth rate (CAGR) of 10.2% from 2020 to 2028. Factors such as small equipment size, reduced waste, low cost, and shorter turn-around time to market for new drugs are projected to drive the growth. Rising investments in the application industry by reactor manufacturers and end-users are expected to drive the growth. Numerous advantages of flow chemistry reactors over batch reactors are anticipated to amplify growth over the forecast period.

U.S. flow chemistry market size

Flow chemistry delivers a significantly high yield while reducing the energy and solvent waste by over 90%. This has led to increased acceptance of the technology for numerous applications. Regulatory bodies including the U.S. Food and Drug Administration (FDA) and the European Commission support the use of flow chemistry for manufacturing Active Pharmaceutical Ingredients (APIs) and chemicals. This technology follows the quality by design efforts of the U.S. FDA which is expected to increase its utilization in these industries.

U.S. is the largest market for flow chemistry in North America. High chemical and pharmaceutical manufacturing coupled with increasing investment by the petrochemical manufacturers is expected to play a key role in driving the regional demand in the forthcoming years. Stringent government policies regarding environmental pollution are expected fuel utilization of efficient and green technologies in the economy.

Reactor Insights

Based on reactor, the market is segmented into continuous stirred tank reactors, Microreactors, plug flow reactor, and microwave system. Continuous stirred tank reactors held the leading market share in 2020. Compatibility of these reactors during various reaction phases including liquid, gas-liquid, and solid-liquid phase has led to their high adoption. Moreover, the simple construction of these reactors is expected to propel its demand over the forecast period.

Plug flow reactors are highly suitable for rapid reactions and large capacity processes which is expected to increase its utilization in pharmaceutical and chemical manufacturing. These reactors provide huge opportunities for scaling up the production process at a low cost which is anticipated to have a positive impact on market growth in the forthcoming years.

Microreactors are expected to witness the fastest growth over the forecast period on account of rapid adoption in pharmaceutical and fine chemicals. These reactors require less space and low capital investment. In addition, they allow safe processing conditions for highly reactive and toxic reactions. These factors are projected to bode well for market expansion over the forecast period.

Application Insights

Based on applications, the market has been classified into pharmaceuticals, chemicals, academia and research, and petrochemicals. Chemicals and pharmaceuticals are the major application segments. In terms of revenue, chemicals held the latest market share of 37.7% in 2020. In terms of revenue, chemicals will lead the market by 2028. Increasing demand for specialty & fine chemicals coupled with a rising focus on scaling up the production processes is expected to propel the demand for flow reactors in the chemical industry. Flow chemistry aids in reducing the number of steps and reaction rate which is likely to have a positive impact on the market growth. 

Petrochemicals is one of the fastest growing applications of flow chemistry on account of the increasing need for gaining high yield with low energy and material consumption and high-cost saving. Nearly 90% of the petrochemical processes still use traditional batch processes. However, technological advancements and growing awareness toward cleaner technologies are anticipated to boost the adoption of flow reactors over the forecast period. Petrochemical application is anticipated to witness significant growth of 10%, in terms of revenue, from 2020 to 2028.

Global flow chemistry market share

The utilization of flow chemistry in the pharmaceutical industry is anticipated to witness the fastest growth in conducting reactions, continuous separations, and continuous crystallization. In 2020, the pharmaceuticals segment was valued at USD 342.1 million and is predicted to grow at a CAGR of 11.4% from 2020 to 2028.

Regional Insights

In 2020, North America held the largest market share. The presence of a large number of chemical manufacturers coupled with technological advancement is expected to augment the demand for new technologies including flow chemistry in the region. Europe is one of the fastest-growing regions, owing to high demand from several major end-users include chemicals and petrochemicals.

Asia Pacific emerged as the fastest-growing market for flow chemistry, registering a CAGR of 11.4% from 2020 to 2028. Rising health awareness, leading to increasing demand for generic drugs, is expected to propel the utilization of flow chemistry processes to scale up the manufacturing of generic drugs. Furthermore, increasing investment in the chemical and pharmaceutical industry especially in India, China, and Japan is expected to benefit the market over the forecast period.

Flow Chemistry Market Share Insights

The competitive environment in the market is driven by the innovation in technology for the usage of flow chemistry. Companies operating in the market are investing heavily in R&D as well as developing instruments to optimize the production method and improve the yield of the product that is to be synthesized. The growing demand for fine chemicals and specialty chemicals across the globe has compelled manufacturers to form alliances with end users for the application 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

Flow Chemistry Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 1.5 billion

Revenue forecast in 2028

USD 2.9 billion

Growth rate

CAGR of 10.2% from 2020 to 2028

Base year for estimation

2020

Historical data

2017-2019

Forecast period

2021-2028

Quantitative units

Revenue in USD thousand, volume in thousand liters, and CAGR from 2020 to 2028

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Reactor, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Germany; U.K.; China; Japan; India; Brazil

Key companies profiled

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.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global flow chemistry market report on the basis of reactor, application, and region.

  • Reactor Outlook (Revenue, USD Million, 2017 - 2028)

    • CSTR

    • Plug Flow Reactor

    • Microreactor

    • Microwave System

    • Others

  • Application Outlook (Revenue, USD Million, 2017 - 2028)

    • Pharmaceuticals

    • Chemicals

    • Academia & Research

    • Petrochemicals

    • Others

  • Regional Outlook (Revenue, USD Million, 2017 - 2028)

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • Japan

      • India

    • Central & South America

      • Brazil

    • Middle East and Africa

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