Global Flow Chemistry Market By Reactor Type (CSTR, Micro reactor, Plug Flow Reactor, and Others), By Application (Pharmaceuticals, Academia & Research, Chemicals, and Others), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Flow Chemistry Market Overview:

The global flow chemistry market was valued at USD 1.24 Billion in 2021. This market is expected to grow at a CAGR, of 10.6% between 2023-2032.

Industry growth has been fueled by increasing awareness about sustainable development and the growing pharmaceutical and chemical industry. The COVID-19 Pandemic caused an oil price crash, which led to a decrease in the feedstock cost advantage of chemical companies. This led to a drop in demand for reactors within the chemical industry which is responsible for a large portion of the industry’s revenue. Additionally, the petrochemical, as well as pharmaceutical industries, felt these effects, which negatively impacted market growth.

Global Flow Chemistry Market Scope:

Reactor Type Analysis

CSTR was the market leader and held over 34.4% of the global revenue for 2021. High adoption, cost-effectiveness, simplicity, good temperature control, and adaptability for two-phase runs are some of the factors that have contributed to segment growth. The industry is expected to grow due to the increasing use of CSTR in wastewater and water applications. A tubular reactor, also known as a plug flow reactor, is one the most common reactors used in gas phase reactions. This reactor is highly popular due to its simplicity and low production costs.

The revenue growth of microreactors is expected to be 16.8% between 2023 and 2032. Industry growth is expected to be boosted by microreactors for pharmaceutical and fine chemicals. This is due to their small footprint, lower capital commitment, and safe processing high reactive and dangerous processes. Over the last years, Microwave-assisted organic Synthesis has been gaining significant attention due to its rapid reaction rate, high yield, low byproducts, high purity, easy scale up, and ease of use. Because of their small size, continuous microwave-assisted reactors are mostly used in academia and laboratories.

Application Analysis

Due to the rising use of green technologies like flow chemistry to cut greenhouse gas emissions, the chemicals segment dominated the market and contributed to over 34.1 percent of worldwide revenue in 2021. The rising demand for specialty chemical products from the automobile industry will have an impact on the industry’s growth. Numerous pharmaceutical companies have attempted to keep the academic and industrial sectors in touch. Researchers and universities are expected to create new manufacturing methods and APIs. This is expected to increase the demand for reactors over the forecast period.

The forecast period will see a significant CAGR in the pharmaceuticals application sector of 11.6%. The demand for pharmaceutical equipment is expected to rise due to increasing demand for optimization in drug development and a shorter time frame for drug launch. There are also applications for nanoparticles, fragrances, and biofuels. As flow chemistry is used in the transesterification process, continuous manufacturing is becoming more common. This allows for increased profit and production.

Key Market Segments

Reactor Type

• CSTR (Continuous stirred-tank reactor)
• Microreactor
• Plug Flow Reactor
• Microwave Systems
• Others

Application

• Pharmaceuticals
• Academia & Research
• Chemicals
• Petrochemicals
• Others

Market Dynamics

The U.S. pandemic exposed the entire pharmaceutical supply chain, leading to many companies opening manufacturing facilities. U.S. Food and Drug Administration (FDA), supports flow chemistry in the production of Active Pharmaceutical Ingredients (APIs). This is expected to increase the industry’s growth. This technology has many advantages over the batch method, including continuous flow methods for extraction, chromatography, and reactions with supercritical liquids.

Additionally, you can safely use green solvents such as methanol and/or acetone in a flow reactor at high pressure and elevated temperatures. Growth is expected to be fueled by smaller equipment, lower cost, less waste, and quicker time to market innovative medications. Market growth is expected to be driven by increased R&D investment by end-users and reactor manufacturers. The industry is expected to grow due to several benefits that flow chemical reactors have over batch reactors.

Technological innovation is driving the market’s competitive environment. This industry invests heavily on R&D, creating products to improve the manufacturing process and increase yield. The global demand for specialized chemicals and fine chemicals has driven manufacturers into partnerships with end users, which will likely promote growth.

Regional Analysis

North America was the dominant market and held over 34.6% of the global revenue for 2021. The industry’s growth is due to an increase in pharmaceutical and chemical products as well as investments in flow chemistry research and development, particularly in continuous processes.

The highest CAGR for the APAC region, 11.9%, is expected over the forecast period. A rise in government spending on pharmaceutical production due to the increase in demand for generic drugs, combined with the promising outlook of the chemical and petrochemical sectors, will likely boost industry growth in the region. The pharmaceutical business in Europe is concentrating on medical R&D by upholding, sustaining, and expanding a strong regulatory and incentive framework that supports innovation. Drug production can be done economically using flow chemistry. Because of this, it is more well-liked by European pharmaceutical producers.

The country’s oil production is expected to rise and the investment in Brazil’s pharmaceutical sector will have a positive impact on the industry. The industry’s growth is also expected to be supported by an increased focus on biotechnology, and the rising use of green production processes.

Key Regions and Countries covered in the report:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share Analysis

Innovations in technology that use flow chemistry are driving the competitive market. Market players are investing heavily in R&D and developing tools to optimize the production process and increase the yield of the product. Manufacturers are forming alliances with end-users to help them apply flow chemistry in response to the increasing demand for specialty and fine chemicals all over the globe. The region expansion effort is expected to be a key role, as North American and European producers are looking at the Asia Pacific for potential destinations. CEM acquired Intavis Bioanalytical Instruments Assets, which was then able to assume global sales, service, and support for the instrumentation division.

Key Market Players

Some of the major players in the global flow-chemistry market are

• Am Technology
• Milestone Srl
• CEM Corporation
• Syrris Ltd.
• Biotage AB
• ThalesNano Inc.
• Vapourtec Ltd.
• Uniqsis Ltd.
• Hel Group
• Other Key Players

For the Flow Chemistry Market research study, the following years have been considered to estimate the market size: