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Flow Chemistry Market Size
- Report ID: GMI1106
- Published Date: Aug 2021
- Report Format: PDF
Flow Chemistry Market Size
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 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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2020 |
| Flow Chemistry Market Size in 2020: | USD 1.32 Billion |
| Forecast Period: | 2021 to 2027 |
| Forecast Period 2021 to 2027 CAGR: | 12.2% |
| 2027 Value Projection: | USD 2.77 Billion |
| Historical Data for: | 2017 to 2020 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 129 |
| Segments covered: | Reactors, End-User |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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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.
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Flow Chemistry Market Scope
