Press release
Global Flow Chemistry Market is Expected to Reach US$ 1,526.3 Mn in 2020
A report added by Transparency Market Research (TMR) predicts that the global market for flow chemistry would reach a value of US$ 1,526.3 Mn by 2020, rising up from a value of US$ 808.6 Mn in 2013. The report also projects that the CAGR of the global flow chemistry market would settle at 9.50% for the period ranging from 2014 to 2020.
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Pharmaceutical Industry to Emerge as Key End-User
On the basis of end-user, the demand for flow chemistry has been flowing in from multiple avenues such as chemicals, pharmaceuticals, and petrochemicals. Amongst these, the pharmaceuticals industry has played a major role in the growth of the global market for flow chemistry due to the need for continual testing and experimentation in this industry. Furthermore, the chemicals industry has been a historic user of flow chemistry in the scrutiny, study, and analysis of various chemical processes. The use of flow chemistry for academic and educational purposes is another trend that is gathering momentum over the past years. Besides this, polymers and petrochemicals are amongst other areas that deploy flow chemistry technologies for better recourse.
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Some of the key players in the global market for flow chemistry are AM Technology, Lonza Group, Royal DSM, Vapourtec Ltd., ThalesNano Inc., and Uniqsis Ltd.
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TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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