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, 2019 - 2025

  • Published Date: Mar, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-1-68038-711-7
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 118

Industry Insights

The global flow chemistry market size was valued at USD 1.2 billion in 2018 and is estimated to expand at a CAGR of 10.0% by 2025. 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.

Flow chemistry delivers 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. flow chemistry market

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 is 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 of 40.99% in 2018. Compatibility of these reactors during various reaction phases including liquid, gas-liquid, and solid-liquid phase has led to their high adoption. Moreover, 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 in low cost which is anticipated to have a positive impact on market growth in the forthcoming years.

Microreactors are expected to witness 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 37.51% in 2018. In terms of revenue, the market for chemicals is likely to reach USD 918.6 million by 2025. Rising demand for cost effectiveness and safety coupled with stringent environmental regulations are projected to propel the growth during the forecast period.

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 2018, pharmaceuticals was valued at USD 299.2 million and is predicted to contribute over USD 611.8 million in 2025.

Global flow chemistry market

Petrochemicals is anticipated to register a CAGR of 9.9% from 2018 to 2025, owing to the increasing need for gaining high yield with low energy and material consumption and high cost saving. Petrochemical application is anticipated to witness significant growth of 9.9%, in terms of revenue, from 2018 to 2025.

Regional Insights

North America held the leading market share of 36.0% in 2018. 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.

Asia Pacific is projected to lead the global market by 2025 owing to the increasing regional demand for generic drugs. China, India, and Japan are anticipated to positively influence the global demand during the forecast period.

Europe is one of the fastest growing regions, accounting for a market share of 22.2% in 2018, owing to high demand from several major end-users include chemicals and petrochemicals.

Flow Chemistry Market Share Insights

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.; and Parr Instrument Company. The companies focus on optimum business growth by introducing various growth strategies, heavy R&D investments and developing instruments that not only optimize the production method but also improve the product yield.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million, and CAGR from 2018 to 2025

Regional scope

North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa

Country scope

U.S., U.K., Germany, China, India, Japan, and Brazil

Report coverage

Revenue forecast, competitive landscape, growth factors, and trends

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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 2015 to 2025. 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, 2015 - 2025)

    • CSTR

    • Plug Flow Reactor

    • Microreactor

    • Microwave System

    • Others

  • Application Outlook (Revenue, USD Million, 2015 - 2025)

    • Pharmaceuticals

    • Chemicals

    • Academia & Research

    • Petrochemicals

    • Others

  • Regional Outlook (Revenue, USD Million, 2015 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • Japan

      • India

    • Central & South America

      • Brazil

    • Middle East and Africa

Key questions answered by the report
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