Flow Chemistry Market Size is expected to Reach USD 2.01 billion by 2023- Key Players are Syrris, Little Things Factory, Chemtrix, DSM, ThalesNano, IMM, Future Chemistry, Lonza, YMC, AM Tech U.K, Uniqsis, etc

Flow Chemistry Market Size and Growth Rate:

According to the Research Report, the Global Flow Chemistry Market Size was valued at USD 0.87 billion in 2014 and is expected to reach approximately USD 2.01 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 9.68% during the forecast period 2014-2023.

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Flow Chemistry Market Overview:

The flow chemistry market is driven by growing safety requirements, cost reduction, and stringent environmental laws. New properties by reactor manufacturers as well as members in the application industry are required to propel the market growth. In addition, numerous benefits of the continuous flow reactors as compared to the batch reactors are expected to augment the growth over the projection period.

Recent government regulations focus on reducing waste generation and reducing non-renewable production methods. This is likely to increase the use of flow reactors over the budget period. Governments around the world are also intensifying their efforts on decreasing carbon tracks from manufacturing processes. This is expected to further drive the product demand.

The utilization of flow chemistry in pharmaceutical manufacturing is expected to witness the active growth on account of its increasing adoption in managing reactions, continuous crystallization, and constant separations. Intense debate in the Active Pharmaceutical Ingredients manufacturing industry linked with increasing need for cost effectiveness is expected to boost the demand greatly during the forecast period.

Plug flow reactors, micro reactor systems, microwave arrangements, and continuous stirred tank reactors are the different product types of flow chemistry available in the world market. The market for MRT operations is driven by the fact that it has a lot of energy conservation potential and is safe in operation, as reactions take place within the microchannels, which is relatively lesser in another type of reactors. Chemicals, Pharmaceuticals, Petro Chemicals, Biofuels, Perfume & Fragrance Industries, Academia research, and laboratories are various application verticals of this market. Flow Chemistry displays an important tool for new drug enhancements in pharmaceuticals industry.

Geographical Insights of the Flow Chemistry Market:

North America held the commanding share of 36.3% of the global market in 2017, owing to the appearance of a robust chemical manufacturing infrastructure. The technological improvements are estimated to play a significant role in driving regional adoption. Further, increasing investment in petrochemical manufacturing is expected to drive demand over the next eight years.

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Key Players of the Flow Chemistry Market:

The main players dominating the global flow chemistry market are Syrris, Little Things Factory, Chemtrix, DSM, ThalesNano, IMM, Future Chemistry, Lonza, YMC, AM Tech U.K, Uniqsis, etc. Syrris has launched ‘Asia Tube Cooler’, the latest addition to the Company’s range of advanced flow chemistry products.

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