Flow Chemistry Market Size, Share and Industry Analysis Report by Reactor (Microreactor Systems, Continuous Stirred Tank Reactor [CSTR], Plug Flow Reactor [PFR], Meso Reactor) and End-user (Pharmaceutical, Chemical, Academic & Industrial Research, Petrochemical), Regional Outlook, Application Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Aug 2021  |  Report ID: GMI1106  |  Authors: Kiran Pulidindi, Prashant Hake

Report Format: PDF   |   Pages: 150   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Overview

Flow Chemistry Market size was around USD 1.3 billion in 2020 and will grow at a CAGR of 12.2% from 2021 to 2027. Increasing product demand for safe production processes with lower emissions and a rise in the demand from the pharmaceutical and flavor & fragrance industries has been driving the industry growth across various regions.  

 

The market is influenced by the introduction of new products, technological developments, updating of the existing processes, increasing annual productivity, and optimization of the operation during the projected timeframe. For example, Syrris launched its automatic reagent injector in Asia. The product provides high throughput due to automatic sample injection through two independent channels and can synthesize complex matrix libraries.
 

Flow Chemistry Market Outlook

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Flow chemistry can be used in the manufacture of bulk chemicals, nanoparticles, and biofuels. This technology provides opportunities for the continuous synthesis of nanostructures, which can be used in biochemical sensing, displays, and photovoltaics. It is expected to resolve difficulties related to the size of distribution of particles, irreproducibility of size, and the quality of the nanomaterial. Moreover, flow chemistry can work at elevated temperatures and pressures while increasing the safety of the reaction that is required in the synthesis of nanostructured materials.

Microreactors are one of the popular flow chemistry technologies in the pharmaceutical industry. They are a thousand-fold smaller than their traditional batch counterparts; however, some microreactors cannot compete with batch reactors. Thus, there exists a scope of improvement in the technology. This technology will require new equipment and dedicated production lines to commercialize the process. Flow chemistry technology requires high spending in R&D and innovations. Universities and companies are spending highly on research to optimize and scale-up reactors due to innovations in microreactors.

 

CSTR will showcase a fast-paced growth

  Flow Chemistry Market by Product

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CSTR will hold a major share in the industry over the study timeframe and is anticipated to generate a revenue of more than USD 1 billion by 2027 growing at a CAGR of 11.6%. The Continuous Stirred Reactor (CSTR), also known as a Continuous Stirred Tank Reactor (CFSTR), is used for the continuous supply & discharge of reactants. This reactor is mainly used for homogeneous liquid flow reactions that require constant stirring.

 

CSTR operates in a steady-state and the concentration & temperature in a CSTR are independent of location or time. These types of reactors are also used for wastewater treatment as they can resist fatty acid residues at high and low pH. Such trends will propel the flow chemistry market growth.
 

In terms of technology, microreactor systems will generate a revenue of over USD 260 million by 2027 and are likely to showcase a CAGR of around 15.7%. These are characterized by small device volumes and channel dimensions. These are ideal for lab-scale operations of flow processes, thermodynamics, or kinetic characterizations owing to their low material input and waste output. Microreactors have excellent intrinsic properties of heat and mass transfer due to their small size. Microreactor systems can be used for complex reactions as they enhance productivity and require less energy.
 

The pharmaceutical sector is likely to be the leading application area

  Flow Chemistry Market by End User

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Based on end-user, the pharmaceutical sector is estimated to generate a revenue of over USD 646 million in 2027 and is projected to grow at a CAGR 12.7% during the forecast period. The pharmaceutical industry has actively applied flow chemistry to optimize processes in the past few years. It will continue to remain an important end-user in flow chemistry market growth over the coming years.
 

Flow chemistry was introduced in the pharmaceutical sector in the early 2000s when researchers began developing systems for Active Pharmaceutical Ingredients (APIs) and intermediate synthesis. For almost a decade, flow chemistry has grown from an innovative synthesis concept to a versatile & powerful platform for the continuous manufacturing of APIs with a small manufacturing footprint, high productivity, and reduced waste & cost.
 

Asia Pacific is estimated to be the foremost regional market of flow chemistry

  Flow Chemistry Market by Region

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Asia Pacific will witness a CAGR of around 13% from 2021 to 2027 owing to its demand in various end-use industries. The global shift of manufacturing industries toward Asia Pacific, particularly in economies including China, Japan, Malaysia, and India, will characterize the regional flow chemistry market during the forecast timespan. The highly competitive environment among industries is driving them to increase their productivity.
 

An increasing number of research projects and alliances between institutions and major manufacturers will have a positive impact on the global flow chemistry market in the coming years. Petrochemical industries in China, India, Japan, South Korea, and Taiwan will also support the flow chemistry reactors market to upgrade the continuous flow processes in oil rigs.
 

Latin America will generate around USD 170 million by 2027. The Latin America flow chemistry market is evolving in with several potential research & development areas in the chemical, pharmaceutical, cosmetics, and agrochemical industries. Vast natural resources in Mexico and Brazil, which include medicinal plants, oil, minerals, timber, marine, and agricultural products, and other raw materials, for the prevailing petrochemical, rubber & plastic, pharmaceutical, soap, detergent, and cosmetic industries will create ample growth opportunities over the coming years.
 

Key participants operating in flow chemistry industry are FutureChemistry Holding B.V, AM Technology, Chemtrix BV, Lonza Group Ltd., ThalesNano Inc., Milestone Srl., and Cambrex Corporation, among others.
 

The flow chemistry market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2017 to 2027 for the following segments:

By Reactor

  • Microreactor Systems
  • Continuous Stirred Tank Reactor (CSTR)
  • Plug Flow Reactor
  • Meso Reactor

By End-user

  • Pharmaceutical
  • Chemical
  • Academic & Industrial Research
  • Petrochemical

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • India
    • Japan
    • Indonesia
    • Malaysia
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE
       

Frequently Asked Questions (FAQ) :

Flow chemistry market to cross $2.77 billion by 2027 and will witness a CAGR of 12.2% from through 2027.
Continuous stirred tank reactor segment will record valuation of over USD 1 billion by 2027 on account of high product demand for the continuous supply & discharge of reactants.
Microreactor systems segment will record a CAGR of around 15.7% through 2027 with increasing product demand for lab-scale operations of flow processes, thermodynamics, etc.
Pharmaceutical segment will record a valuation of over USD 646 million in 2027 owing to the active application of flow chemistry in pharmaceutical industry to optimize the processes.
Asia Pacific will observe a CAGR of over 13% through 2027 owing to increasing demand from various end-use industries in the region.

Premium Report Details

  • Published Date: Aug 2021
  • Pages: 150
  • Tables: 101
  • Charts / Figures: 28
  • Companies covered: 18
  • Countries covered: 18

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