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Global Flow Chemistry Market to Grow at a CAGR of 9.7% During 2021-2026, Driven by Innovations in Manufacturing Practices

According to a new report by EMR titled, 'Global Flow Chemistry Market Report and Forecast 2021-2026', the market attained a value of about USD 1.4 billion in 2020. The industry is further expected to grow at a CAGR of 9.7% in the forecast period of 2021-2026 to reach a value of nearly USD 2.4 billion by 2026.

Flow chemistry technique is being extensively followed by chemical and pharmaceutical industries owing to inherent increased safety, improved product quality, and flexibility in the process. As technology advances with increased investments from the government and private entities, reactor manufacturing is gradually becoming equipped with the latest developments, robustly driving the market growth of flow chemistry. With the rise of additive manufacturing, manufacturers can practice enhanced freedom and significantly reduce production costs while contributing to green production methods. Innovative, custom designs enable cost-effective manufacturing and better designs that boost productivity, thereby stimulating overall market growth. In addition, research regarding the integration of Artificial Intelligence (AI) and Machine Learning (ML) systems in flow chemistry reactors to achieve desirable results is another factor contributing to the market growth of flow chemistry.

The market is being forwarded by product innovations by industry key players, such as CEM Corporation (NYSE: CEM) and Syriss Ltd. The latter company has recently announced its new product under the Asia range, Asia Photochemistry Reactor, in March 2021. The reactor's modular, flexible, scalable structure allows easy accessibility to modern photochemistry techniques without the limitations of the traditional batch technique. The Asia Photochemistry Reactor opens a wide range of photochemistry applications in various sectors, including pharmaceuticals, agrochemicals, and academic institutions. The reactor is equipped with high-powered LED modules to provide a variety of wavelengths. The product is further designed to offer adjustable light intensities to help control reaction time and enhance productivity. Such innovations in the flow chemistry technique that offer flexibility and ease of operation contribute to the industry growth.

Market Analysis by Application, Reactor Type, and Region:

  • On the basis of application, the market can be divided into pharmaceuticals, chemicals, academia and research, and petrochemicals, among others.
  • Based on reactor type, the market can be categorised into CSTR, plug flow reactor, micro-reactor, and microwave systems, among others.
  • The major regional markets for flow chemistry are North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

Key Findings of the Report:

  • Flow chemistry requires low amounts of solvents and reagents and adheres to lower reaction time, limiting the risk of environmental exposure to reagents, hence boosting the market growth.
  • The flow chemistry technology allows for improved control of reaction parameters in mixing and addition processes, temperature testing and reaction testing times, thereby augmenting the market growth.
  • Technological advancements are leading to advanced manufacturing practices, allowing for low-cost automated processes, thereby bolstering the overall market growth.
  • Reactions that are considered hazardous in the traditional batch chemistry technique are allowed in flow chemistry technology due to smaller amounts of reactors and safer operation, thus favouring growth of the industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global flow chemistry industry for the periods (2016-2020) and (2021-2026).
  • The report also offers historical (2016-2020) and forecast (2021-2026) markets for applications, reactor types, and major regions of flow chemistry.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter's Five Forces Model.

The major players in the global flow chemistry market are Biotage AB, AM Technology, CEM Corporation, Milestone S.r.l, and Syrris Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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