Flow Chemistry market to Eyewitness Huge Marginal Growth by 2030

Posted by Mrudula Karmarkar on September 15th, 2022

The global flow chemistry market size is expected to reach USD 3.75 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 11.2% from 2022 to 2030. Advantages over batch reactors and growing investments in the pharmaceutical and chemical industries are projected to boost the market growth.

The COVID-19 pandemic has accelerated the need to move away from chemical commodities to specialty chemicals as per the requirement of customers. Moreover, the adoption of continuous manufacturing has increased due to the supply chain disruptions caused by the pandemic, which is expected to augment the demand for flow chemistry over the forecast period.

Significant reductions in trash output and the eradication of non-renewable industrial methods are global environmental concerns. As a result, major economies are enacting policies to mitigate environmental damage. Several governments are implementing policies to meet the targets for reducing greenhouse gas emissions. Continuous Stirred Tank (CST) reactor systems require little human involvement to operate, resulting in reduced labor costs associated with their deployment.   Furthermore, both reactor systems have a high output rate, which leads to reduced production costs. The aforementioned factors are likely to boost the demand for CST reactor systems over the forecast period.

Flow chemistry market is anticipated to witness significant growth over the forecast period on account of increasing focus towards manufacturing in healthcare and chemical sector. Flow chemistry is being increasingly utilized in diversified applications including pharmaceuticals, chemicals, petrochemicals, academia & research, and others.

Utilization of gas based flow chemistry technology is expected to prevail in the market. The technology is suitable for laboratory scale usage considering the process to be safe as well as adaptable especially when there is an involvement of hazardous material.

The growing pharmaceutical industry has positively impacted the market for several years on account of the increase in the number of potent and orphan drugs. Moreover, the need for process safety, reduction of investment cost, and quality standards are likely to augment the demand for flow chemistry over the forecast period. The growing use of microreactors in the specialized chemical, fine chemical, and other petrochemical industries has helped to significantly reduce environmental impact while also lowering manufacturing costs. Microreactors are used in the bulk chemicals industry to produce several chemicals such as styrene and Ethylene Oxide (EO), which is expected to boost the market growth.

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Microreactors are devices through which a chemical reaction takes place in micro-channels. These reactors are comparatively smaller in size as compared to other reactors thus enhancing the surface to volume ratio which ultimately improves the heat transfer and selectivity inside the reactor.

The relatively smaller size of this kind of reactors allow small-scale production, which enables their utilization in parallel with numerous microreactors in order to scale up the process. Moreover, lower reactor volume enables safe as well as easy handling of material that are hazardous or else unstable. However, high initial cost of the product has led to its low adoption in emerging economies.

Flow Chemistry Market Report Highlights

  • The pharmaceuticals application segment is anticipated to expand at a lucrative CAGR of 12.0% from 2022 to 2030, in terms of revenue, due to the growing demand for technology that uses renewable energy sources and reduced manufacturing cost
  • By reactor type, microreactor is expected to witness significant growth over the forecast owing to the increasing demand for environmentally-friendly equipment and the ability to increase selectivity
  • Asia Pacific is estimated to expand at a significant CAGR of 12.4% over the forecast period on account of the rapidly growing petrochemical industries and a rise in academia and research in South Korea and Australia
  • In Europe, Germany accounted for the largest revenue share of over 30.0% in 2021 owing to the advanced infrastructure, growing pharmaceutical and chemical industries, and skilled workforce
  • Companies such as Am Technology, CEM Corp., Biotage AB, Syrris Ltd., and Vapourtec Ltd. are strategizing to strengthen their geographic presence by mergers and acquisitions or capacity expansions in Asia Pacific

Microwave technology is a typical process utilized by the chemists to perform synthesis but it witnesses a major drawback in scaling up. However, the flow chemistry process combined with the microwave technology addresses the problem. The combination of microwave and flow chemistry technology also simplified the process of synthesis and has escalated environmental feasibility for the reaction to take place including temperature, pressure and reaction time.

The pandemic exposed the pharmaceutical supply chain in the U.S. leading to many companies setting up manufacturing facilities in the country. The U.S. Food and Drug Administration (FDA) is advocating the use of flow chemistry for Active Pharmaceutical Ingredients (APIs) production. This is expected to boost the industry growth in the country.

The use of continuous flow methods in this technology for extraction, chromatography, and reactions with supercritical fluids provides several advantages over the batch process. Moreover, the use of green solvents such as methanol and acetone can be safely carried out in a flow reactor under high pressure and elevated temperatures.

List of Key Players of Flow Chemistry Market

  • Am Technology
  • 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

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Mrudula Karmarkar

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Mrudula Karmarkar
Joined: March 30th, 2020
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