Traditional manufacturing processes primarily based on batch and semi-batch operating modes carry economic, environmental and production drawbacks. Over a period, new developments in the field of synthesis of chemicals have taken place for sustainable production. Flow chemistry is anticipated to be the potential solution to address environmental and productivity challenges. In flow chemistry, a chemical reaction is carried out by constant pumping of a stream with dissolved reaction mixture through a reactor. Flow chemistry offers various benefits to manufacturers. These include improved reaction time, better temperature control, multi-step production and safety & environmental profiles.
Based on product segments, the market for flow chemistry has been classified into microreactor systems, continuous stirred tank reactor (CSTR), plug flow reactor (PFR) and microwave reactor, among others. Continuous stirred tank reactor accounted for over 40% of the global flow chemistry market in 2013. The market for flow chemistry is primarily driven by increasing need to lower operating costs and adoption of sustainable technologies by manufacturers. Flow chemistry offers various advantages vis-à-vis batch reactors, including superior heat and mass transfer. These advantages lead to controlled reactions, higher purified products, low raw material consumption and significant savings in installation costs. Microreactor systems is expected to be the fastest growing product segment in the flow chemistry market during the forecast period. Microreactor systems offer higher purified products and reaction yields compared to other flow chemistry equipment. However, issues related to scaling-up of the technology for commercialization and need to meet government regulations in the pharmaceutical industry are likely to hamper market growth during the forecast period.
The chemical segment has been dominating the demand for flow chemistry over the past few years. In terms of revenue, the segment accounted for over 35% of the global flow chemistry market in 2013. Rising demand for flow chemistry in complex chemical reactions coupled with the need to adopt green manufacturing technologies is projected to drive demand for flow chemistry in this segment. Pharmaceutical is anticipated to be the second-largest end-user of flow chemistry during the forecast period. Increasing demand for flow chemistry by manufacturers of active pharmaceutical ingredients (APIs) is estimated to boost the flow chemistry market. Flow chemistry is also expected to enhance the E-factor in the manufacture of APIs. Pharmaceutical is likely to be the most lucrative end-user segment in the flow chemistry market. Academic & industrial research is also projected to be one of the major outlets for flow chemistry in the next few years. Flow chemistry has the ability to enhance the purity and refining properties of products in the petrochemical industry. Other major end-users for flow chemistry include polymers, dyes and nanostructured materials.
North America was the largest regional market for flow chemistry, accounting for over 35% of the global demand in 2013. Rising demand for flow chemistry in pharmaceutical and chemical industries is driving the flow chemistry market in the region. Asia Pacific was the second-largest market for flow chemistry in 2013. Increase in chemical, pharmaceutical and industrial research activities is projected to boost the demand for flow chemistry in the region. Demand for flow chemistry in Europe is rising, due to higher number of academic & industrial research activities coupled with increase in manufacture of nanostructured materials. Rest of the World is expected to be the fastest growing region in the flow chemistry market during the forecast period. Countries such as Brazil, Saudi Arabia and South Africa are anticipated to offer better opportunities for the flow chemistry market, due to high demand for flow chemistry in chemical and petrochemical industries.
Companies such as Syrris Ltd., ThalesNano Inc., Uniqsis Ltd., Vapourtec Ltd., FutureChemistry Holding BV, Chemtrix B.V., AM Technology, Royal DSM and Lonza Group are the major manufacturers in the flow chemistry market. Most manufacturers offer continuous stirred tank reactors, plug flow reactors and microreactor systems, among others.
The report analyzes and forecasts the flow chemistry market on a global and regional level. The study provides the historical data of 2013 along with forecast from 2014 to 2020 based on revenue (US$ Mn). The report includes drivers and restraints for the flow chemistry market along with their impact on demand during the forecast period. It also comprises an analysis of opportunities available in the flow chemistry market on the global and regional level. Drivers, restraints and opportunities mentioned in the report are justified with the help of quantitative and qualitative data, which has been verified by primary and secondary resources.
We have included a detailed value chain analysis to provide a comprehensive view of the flow chemistry market. Value chain analysis provides details such as integration in the market, raw materials, manufacturers, distribution channels, applications and end-users for the market. An analysis of Porter’s Five Forces model for the flow chemistry market has also been included to help understand the competitive landscape of the market. The study encompasses a market attractiveness analysis, wherein end-users in the market are benchmarked based on their market size, compounded annual growth rate (CAGR), general attractiveness and company market share. We have also incorporated company market share analysis to provide detailed analysis of the market.
The study provides a decisive view of the flow chemistry market by segmenting it in terms of product segment and end-users. Product segment and end-users have been analyzed based on present and future trends, and the CAGR for the market has been estimated between 2014 and 2020. Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific and Rest of the World (RoW). RoW comprises Latin America, the Middle East and Africa. The report also includes demand for individual product segments and end-users across all the regions.
The report provides a detailed competitive outlook including profiles of key players operating in the global flow chemistry market. Key players profiled in the report include Syrris Ltd., ThalesNano Inc., Uniqsis Ltd., Vapourtec Ltd., FutureChemistry Holding BV, Chemtrix B.V., AM Technology, Royal DSM, Milestone Srl and Lonza Group. Company profiles include attributes such as company overview, brand/product portfolio, financial overview, business strategy, key/recent developments, and acquisitions, collaborations and partnerships related to the market.
Constant currency rates have been considered while estimating the forecast in this report. The report on flow chemistry covers the market data pertaining to equipment. Sales of raw materials in the manufacturing of equipment have not been taken into account. Regional average price has been considered while breaking down this market by product and end-user segment in each region. Models and estimates have been used to produce comprehensive data sets when hard data was not available. We have used the bottom-up approach by considering individual product and end-user segments and integrating them to arrive at the global market. Product and end-users segment have been further bifurcated using the top-down approach to derive the consumption of products in the regional market.
In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights and recognizing business opportunities.
The market has been segmented as below:
Flow Chemistry Market – Product Segment Analysis
- Microreactor Systems
- Continuous Stirred Tank Reactor (CSTR)
- Plug Flow Reactor (PFR)
- Others (Including microwave reactor, etc.)
Flow Chemistry Market - End-user Analysis
- Academic & industrial research
- Others (Including polymers, etc.)
Flow Chemistry Market - Regional Analysis
- North America
- Asia Pacific
- Rest of the World (Including Latin America, the Middle East and Africa)