Flow Chemistry Market size is
estimated to reach USD 2.39 billion by 2025, exhibiting a 9.9% CAGR during the
forecast period. Rising penetration of this technology in pharmaceutical
products is likely to drive demand over the forecast period. The technology
demand is driven by growing demand for environmental friendly processes in
comparison with batch manufacturing processes.
The technology provides favorable properties such as
controlled environment, reduced reaction steps, low maintenance and less space
occupancy. The ability of the technology to bring down production costs is
expected to fuel the market growth over the forecast period. Extensive research
and significant advancements such as 3D printing, microwave irradiation,
photochemistry, and gas-based processes coupled with usage of flow chemistry is
likely to further augment penetration in industry applications.
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CSTR reactors accounted over 40% of the market share in
2015. Early adoption and low cost of product is expected to play key role in
driving the market demand over the forecast period. These reactors are fully
automated in order to control the important reactor parameters such as
pressure, torque, turbidity, pH level, gas flow, motor speed, and temperature.
Microreactors are likely to witness fastest growth from 2016
to 2025 with CAGR of 20%. Easy handling of unstable and hazardous materials
coupled with high level of control during exothermic reactions is likely to
fuel the demand for this technology over the forecast period.
Application Insights
Chemical application accounted over 30% of revenue share in
2015. Increasing usage of flow chemistry due to rising focus towards safety and
environmental regulations, and cost effectiveness is likely to propel the
market growth of this application over the forecast period.
Pharmaceuticals is expected to witness a growth due to
increasing old age population and rising health awareness, which will lead to
maximum usage of flow chemistry in this sector.
Regional Insights
North America dominated the market by accounting over 30% of
revenue share in 2015. Technology advancements and established chemical
industry in the region is expected to drive the demand in this region. Rising
petrochemical investment is also expected to have a positive impact on market
growth.
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Market Segment:
Application Outlook
(Revenue, USD Million, 2014 - 2025)
• Pharmaceuticals
• Chemicals
• Academia &
Research
• Petrochemicals
• Others
Reactor Outlook
(Revenue, USD Million, 2014 - 2025)
• CSTR
• Plug Flow
Reactor
• Microreactor
• Microwave System
• Others
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