Flow Chemistry Market Size, Competitive Landscape and Market Forecast - 2029

Global Flow Chemistry Market is segmented By Reactor (Continuous Stirred Tank Reactor, Plug Flow Reactor, Microreactor, Microwave Systems, Others), By Application (Pharmaceuticals, Chemicals, Academia & Research, Petrochemicals, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Global Flow Chemistry Market is expected to grow at a high CAGR of 9.5% during the forecasting period (2022-2029).

Flow Chemistry is the procedure of performing the chemical reactions in a tube or pipe. It involves pumping reactive components at a mixing junction and flowing down a temperature-controlled pipe or tube. It is widely used at a large scale for manufacturing large quantities of material. It allows arranging the multi-step reactions in a continuous sequence. 

Market Dynamics:

The rising adoption of flow chemistry drives the market growth due to its advantages such as faster reactions, cleaner products, high selectivity, safer reactions, higher yields, and easy scale-up in the chemical industry, pharmaceutical, petrochemicals, and other industries. It allows easy scale-up of the proven reaction with less or no process development work.

Flow chemistry has replaced the batch reactions as the flow reactions can be automated with less effort than the batch reactions. Moreover, it is easy to create a flow automated system to examine and explore different reaction parameters.

The market is influenced by technological development, new product launches, upgrading existing processes, increasing annual productivity, and optimizing operational flow throughout the forecast period. For instance, Syrris had launched its Asia Automated Reagent Injector, which provides high performance, fully automated sample injection via two independent channels, allowing complex matrixed libraries to be synthesized.

Different regulatory bodies such as U.S. Food and Drug Administration (FDA) and the European Commission prefer the use of flow chemistry for manufacturing Active Pharmaceutical Ingredients (APIs) and chemicals due to their ability to provide a high yield for reducing energy and solvent waste.

However, the market is hindered by the difficulty in processing the heterogenous mixtures due to clogging in reaction tubing.

Segment Analysis

The global flow chemistry market is segmented on the reactor as a continuous stirred tank reactor (CSTR), plug flow reactor, microreactor, microwave systems, etc. Continuous stirred tank reactor accounts for the highest market share due to these reactors' compatibility in various reaction phases, including liquid, gas-liquid, and solid-liquid. CSTR operated at a steady state. It is widely used in wastewater treatment processes due to its ability to provide resistance to both high and low PH fatty acids waste.

The plug flow reactor segment is expected to have positive market growth due to the highly suitable for rapid reactions and large capacity processes. There is an increase in the use of plug flow reactors in pharmaceutical and chemical manufacturing. Manufacturers prefer the plug flow reactors for scaling up the production processes.

Further, the market is also classified as pharmaceuticals, chemicals, academia & research, petrochemicals, etc. The chemical segment accounts for the high market share due to rising demand for cost-effectiveness and safety coupled with stringent environmental regulations. According to SelectUSA, the chemical industry has more than 13,000 firms that produce more than 70,000+ chemical products. The U.S. chemical industry had exceeded chemical sales of USD 765 billion. The Foreign Direct Investment (FDI) was USD 700 in 2017.

The pharmaceutical industry segment contributes a significant market share due to the rising adoption of flow chemistry for the isolation and purification of compounds, chemical synthesis, and drug design. Flow chemistry plays a vital role in conducting reactions, continuous separations, and continuous crystallization. The global pharmaceutical industry is growing due to rising drug sales, drug development, rising investment & funding, and research activities. According to the Department of Industrial Policy and Promotion (DIPP), the pharmaceutical industry had cumulative FDI inflows worth USD 15.98 billion from 2000 to 2019.

The petrochemical segment accounts for positive market growth due to the rising demand for petrochemical products with the growing industrialization. The petrochemical industry involves the high usage of various flow reactors for the fractional distillation of products such as naphtha, LPG, gasoline, petroleum oils, and other products due to the advantages of petrochemical providing high yield with low energy and material consumption and high-cost saving.

Geographical Presentation

By region, the global flow chemistry market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America accounted for the highest market share due to the presence of a large number of chemical manufactures. The United States is the leading chemical producer in the world. According to the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy (EERE), the United States accounts for one-fifth of world production of chemical shipments. The market is witnessing high technological advancement in flow chemistry. High growth in the construction industry is also influencing the market growth in North America. According to the America of Associated General Contractors (AGC), construction is a leading contributor to the United States economy, creating approximately USD 1.3 trillion worth of structures each year. The United States is one of the largest buyers of microwave systems due to rising laboratory-scale projects.

Asia-Pacific region contributes to the prominent market share due to increasing urbanization, domestic income, and consumer purchasing power, resulting in increased production of soaps, paints, and coatings. According to the Energy and Resource Institute, India’s urban population is expected to grow from 410 million in 2014 to 814 million by 2050. The growing pharmaceutical industry is also fueling market growth. According to India Brand Equity Foundation, the Indian pharmaceuticals market was USD 19.89 Billion. It is expected to increase over the forecasted period due to rising exports of Indian drugs to various countries. It has been observed that Indian drugs are exported to more than 200 countries in the world, including the United States. Rising demand for cosmetics, soaps, and detergents in developing countries, especially in China, India, and Japan, shall have positive market growth.

Europe is expected to have positive market growth due to the rising demand for flow chemistry from the chemicals and petrochemicals industry. According to the European Union, the chemical industry is one of the largest manufacturing sectors in Europe. It is supporting Europe’s industrial development by providing innovative materials and technological solutions. It represents 7.5% of EU manufacturing by turnover. The total sales of chemicals were Euros 565 billion. According to the European Chemical Industry Council, petrochemicals are the second-largest exporting industry which accounts for 25% of total European Union chemical exports.

Competitive Analysis

The global flow chemistry market is highly competitive with the presence of domestic and international players. Am Technology, CEM Corporation, Milestone Srl, Biotage AB, Syrris Ltd., Vapourtec Ltd., and ThalesNano Inc. are the leading companies with a prominent market share. Syrris has a different range of resources that provides various flow chemistry application notes and reactions using Syrris’ flow chemistry systems. Syrris’ innovative microreactor-based systems include the modular Asia and Titan product ranges. Companies focus on product diversification, product innovation, developing new infrastructures, market expansion, new product launch strategies.

The companies are entering into collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for flow chemistry and their expansion across the globe. For instance, in June 2019, Space Tango entered into a collaboration with the Beeler Research Group to develop a fully-automated system to support chemical reactions on-orbit. This collaboration would help the company expand flow chemistry capabilities and allow it to explore transformations in microgravity. Beeler Research Group was selected by the International Space Station U.S. National Laboratory to develop reactor systems for flow chemistry. In December 2018, Biotage had entered an agreement to acquire PhyNexus, Inc. This acquisition would enable Biotage to provide the global customers an enabling automation platform based on Dual Flow Chromatography and patented tip technology for higher throughput purification of biomolecules at the lab scale.

In January 2020, Asahi Glass plant UK Ltd. had acquired Syrris and Glass Solutions businesses from Backtrace Holdings Ltd. This would allow the company to increase the global support of customers and manufacturing capacity.

Why Purchase the Report?

• Visualize the composition of the global Flow Chemistry market products in terms of Reactor and Application, highlighting the critical commercial assets and players.
• Identify commercial opportunities in the global Flow Chemistry market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of global Flow Chemistry market-level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

**The global Flow Chemistry report will provide access to approximately 53 market data tables, 44 figures, and 178 pages

Target Audience

• Industry Investors/Investment Bankers
• Suppliers/Buyers
• Education & Research Institutes
• Manufacturers
• Research Professionals
• Emerging Companies
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