COVID-19 to Impact Demand Growth of Flow Chemistry Market | By key players, Chemtrix BV, AM Technology, Lonza Group, Vapourtec, Uniqsis, ThalesNano, Syrris, Milestone, Velocys,DSM, Uniqsis
The COVID-19 pandemic has left a raging impact worldwide, severely affecting business operations. Despite the grim current scenario, analysts predict that post the slowdown of the crisis, the market is likely to witness lucrative growth prospects. This report delivers a detailed evaluation of how COVID-19 has impacted the industry, the global economic downturn, and the latest trends characterizing the market at present.
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In the chemical industry, the synthesis of a new chemical or pharmaceutical is an expensive, time-consuming and labor-intensive process. Consequently, this leads to a longer time-to-market and has a greater environmental impact. This is why the chemical sector is constantly exploring more efficient and faster development or production methods. The use of continuous flow chemistry can accelerate the development and scaling up of processes in a more efficient and sustainable manner.
Global flow chemistry market has emerged as one of the most lucrative verticals in recent years. The market is anticipated to witness heavy gains in the forthcoming timeframe. Growing need of petrochemicals is the key factor driving the market outlook through 2026.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Chemtrix BV
2. FutureChemistry Holding BV
3. AM Technology
4. Koninklijke DSM N.V.
5. Lonza Group Ltd.
6. Vapourtec Ltd.
7. Uniqsis Ltd
8. ThalesNano Inc.
9. Syrris Ltd.
10. Milestone Srl.
11. Ymc Co. Ltd
13. Uniqsis Ltd
14. Cambrex Corporation
15. Ehrfeld Mikrotechnik Bts
16. Little Things Factory
17. Terra Labs
Flow chemistry market growth is driven by rising penetration of continuous processing in pharmaceutical sector. The pharmaceutical sector, due to its risk-averse nature, has been comparatively slow to adopt continuous processing technology. However, with robust developments in the field over the past couple of decades, flow technology has evolved from a novel synthesis concept to versatile and powerful platform for continuous manufacturing of active pharmaceutical ingredients (API) with a smaller manufacturing footprint, higher productivity, and reduced cost and waste.
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Chemical and pharmaceutical companies face a number of challenges due to the presence of stringent regulatory frameworks across almost all parts of the globe. However, favorable norms concerning the use of flow chemistry in chemical and drug synthesis on account of various benefits will play a key role in driving the flow chemistry market growth.
With respect to product segment, continuous stirred tank reactor (CSTR) is projected to dominate the market due to its application in several industrial sectors. The reactors are majorly used across industries for homogeneous flow reactions. CSTR is cost-effective in comparison with other batch processes. The reactors also need a low setup cost. Higher productivity and comparatively lesser cost is anticipated to propel the segment share in the flow chemistry market.
North America flow chemistry market is predicted to observe considerable growth in the forthcoming years. This growth can be attributed to a flourishing chemical and petrochemical sectors in the region. The U.S. would lead the market share of North America, particularly due to its strong chemical industry.
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