Press release
Flow Chemistry Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
Flow Chemistry Market
The Business Research Company offers in-depth market insights through Flow Chemistry Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The flow chemistry market size has grown rapidly in recent years. It will grow from $2.09 billion in 2023 to $2.35 billion in 2024 at a compound annual growth rate (CAGR) of 12.7%. The growth in the historic period can be attributed to chemical process optimization, green chemistry principles, pharmaceutical industry growth, continuous manufacturing advancements,safety and scalability.
The flow chemistry market size is expected to see rapid growth in the next few years. It will grow to $3.93 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to sustainable manufacturing practices, specialty chemicals productio, adoption in emerging markets, continuous flow catalysis, energy efficiency. Major trends in the forecast period include pharmaceutical drug synthesis, miniaturization and microreactors, multistep and complex reactions, flow chemistry in fine chemicals, advanced microreactor technologies.
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Market Segmentation:
The main types of reactors in the flow chemistry market are microreactor systems, continuous stirred tank reactors (CSTR), plug flow reactors, and meso reactors. Microreactor systems are used to perform chemical transformations. Microreactors use devices with sub-millimeter dimensions. Because of the high area-to-volume ratios, these systems are designed to take advantage of micro-flow phenomena, which improve mass and heat transfer properties. It is further divided by technology into gas-based flow chemistry, photochemistry-based flow chemistry, and microwave irradiation-based flow chemistry. The various end-uses include pharmaceuticals, chemicals, academic and industrial research, and petrochemicals.
Major Driver - Pharmaceutical Industry'S Surge Fuelling Growth In The Flow Chemistry Market
The increasing pharmaceutical industry is expected to propel the growth of the flow chemistry market going forward. The pharmaceutical industry manufactures drugs and medicines for various types of diseases. Flow chemistry is used in the pharmaceutical industry for drug discovery, chemical process development, and manufacturing. For instance, according to a report by the Federation of Indian Chambers of Commerce & Industry (FICCI), an India-based non-governmental trade association and advocacy group, for the year 2021, the Indian pharma industry reached USD41.7 billion in 2020 and is expected to reach USD130 billion by 2030. Also, for the year 2020, pharmaceutical exports reached $20.7 billion, while imports totaled $2.31 billion. Therefore, the increasing pharma industry is expected to propel the growth of the flow chemistry market going forward.
Competitive Landscape:
Major companies operating in the flow chemistry market include AM Technology Co Ltd., CEM Corporation, Milestone Srl, Biotage AB, Syrris Ltd., Vapourtec Ltd., ThalesNano Inc., Hel Group, Uniqsis Ltd., Chemtrix BV, Ehrfeld Mikrotechnik BTS, Future Chemistry Holding BV, Corning Incorporated, Cambridge Reactor Design Ltd, PDC Machines Inc, Parr Instrument Company, Lonza Group Ltd, Radleys, Sicco Engineering Srl, Syntesia, Top-Chem Fluid Control, UCT Co. Ltd., AMT Flow Designs Inc., Alfa Laval AB, Antion Italy Srl, H.E.L Group, ThalesNano Inc, Little Things Factory GmbH
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Top Trend - Pharmazell'S Cgmp Pilot Facility Sets The Tone For Advanced Api Manufacturing
The development of new facilities have emerged as a key trend gaining popularity in the flow chemistry market. Major companies operating in the flow chemistry sector are focused on developing new procedures to sustain their position in the market. For instance, in July 2023, PharmaZell GmbH, a Germany-based pharmaceutical company launched cGMP Pilot Facility. The facility is made to facilitate the manufacturing of complex APIs, where flow chemistry has benefits including enhanced process control, safety, and effectiveness. The cGMP pilot facility enables the creation and improvement of these procedures, which are thought to be a crucial tool for managing delicate chemical interactions.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Flow Chemistry Market Characteristics
3. Flow Chemistry Market Trends And Strategies
4. Flow Chemistry Market - Macro Economic Scenario
5. Flow Chemistry Market Size And Growth
…..
27. Flow Chemistry Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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