Global Flow Chemistry Market: Snapshot
The rise in the number of applications and the increasing demand from developing economies have been supporting the growth of the global flow chemistry market in the last few years. According to the market research study published by Transparency Market Research, in 2013, the global market for flow chemistry was worth US$808.6 Mn and is expected to reach a values of US$1,526.3 Mn by the end of 2020. The market is estimated to register a healthy 9.50% CAGR between 2014 and 2020.
Rising Number of Application to Enhance Market Growth
The rising number of applications in diverse industries and the less operation cost required in comparison with the batch reactors are considered as the key factors estimated to encourage the growth of the flow chemistry market in the next few years. In addition to this, the manufacturing bulk chemicals and the rising opportunities in the Middle East and Africa for chemicals and petrochemicals are further estimated to enhance the growth of the overall market in the coming few years.
On the flip side, the high amount of investments required for research and development activities and the high cost of large MRT systems are predicted to hamper the growth of the global flow chemistry market in the coming years. Nonetheless, the rising number of opportunities for flow chemicals in food and beverages, biofuels, and other industries is estimated to generate promising growth opportunities for the market players in the next few years. Moreover, the energy savings, sustainable production, and less emission offered by flow chemicals are projected to support the overall growth of the market in the next few years.
North America to Register Strong Growth in Global Flow Chemistry Market
Among the key regional segments, North America is projected to hold a major share of the global flow chemistry market in the next few years. The high growth of this region can be attributed to the growing demand for flow chemistry in the chemical and pharmaceuticals industry. Asia Pacific is projected to remain in the second position, holding a significant share of the global market in the coming years. The rising research activities in the pharmaceutical, chemical, and industrial sectors is projected to support the growth of the Asia Pacific market in the next few years. Furthermore, the rising number of industrial and academic research activities and the rise in the manufacturing of nanostructured materials are some of the key factors that are estimated to enhance the growth of the Europe flow chemistry market in the next few years.
The global market for flow chemistry is highly competitive in nature with a huge number of players operating in it around the world. The key players in the market, in order to maintain their position are focusing on the research and development activities and the expansion of the product portfolio. These factors are projected to enhance the competitive environment of the market and support the growth of the overall market in the next few years. In addition to this, the rise in the number of new entrants is another key factor that is likely to support the market growth in the near future. Some of the key players operating in the flow chemistry market across the globe are Lonza Group, AM Technology, Royal DSM, ThalesNano Inc., Vapourtec Ltd., Uniqsis Ltd., Chemtrix B.V., Syrris Ltd., and FutureChemistry Holding BV.
- Microreactor Systems
- Continuous Stirred Tank Reactor (CSTR)
- Plug Flow Reactor (PFR)
- Others (Including microwave reactor, etc.)
- Academic & industrial research
- Others (Including polymers, etc.)
- North America
- Asia Pacific
- Rest of the World (Including Latin America, the Middle East and Africa)