Press release
Flow Chemistry Market Size (US$ 3.0 Billion) | Industry Analysis Report 2023-2028
What is flow chemistry?
Flow chemistry is conducting chemical reactions between reactive compounds within a single flowing stream. It is typically employed for oxidation, halogenation, hydrogenation, and diazotization reactions. The reactive compounds are mixed and pumped into a temperature-controlled pipe, chamber, or microreactor, and the resulting steam is collected to obtain the desired product, which is then directed to subsequent flow reactor loops to generate the final product. It offers quicker, safer, and more scalable reactions, resulting in cleaner products. Consequently, flow chemistry is widely used across various industries, including the pharmaceutical, chemical, and petrochemical industries.
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What are the growth prospects and trends in the flow chemistry industry?
The market is primarily driven by the expanding pharmaceutical and chemical industries. In addition, the widespread adoption of microreactors in the pharmaceutical industry, as they provide safe processing conditions for highly toxic and hazardous reactions in a compact format, is contributing to the market growth. In line with this, the rising demand for flow chemistry owing to their low operation costs, low emissions, and sustainable properties is accelerating the product adoption rate. Moreover, the integration of highly automated flow synthesis systems with machine learning (ML) and next-generation sustainable manufacturing solutions represents another major growth-inducing factor. Furthermore, the introduction of green solvents such as acetone and methanol that can be safely carried out in a flow reactor under high pressure and elevated temperatures, favorable government policies promoting biofuels, and extensive research and development (R&D) activities are also creating a positive market outlook.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Reactor:
Continuous Stirred Tank Reactor
Plug Flow Reactor
Microreactor
Microwave System
Others
Breakup by Application:
Pharmaceuticals
Chemicals
Academia and Research
Petrochemicals
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
AM Technology
Chemtrix BV
Corning Incorporated
Ehrfeld Mikrotechnik GmbH
FutureChemistry Holding B.V.
HEL Ltd.
Lonza Group AG
Milestone Srl (Koch Media GmbH)
Parr Instruments Company
Syrris Ltd (Asahi Glassplant Inc.)
ThalesNano Inc.
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IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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