Global Flow Chemistry Market to exceed $2.77 billion by 2027

According to a new research report by Global Market Insights Inc., global Flow Chemistry Market size is estimated to surpass USD 2.77 billion by 2027. The increasing demand for safe production processes with lower emissions and a rise in product demand from the pharmaceutical and flavor & fragrance industries has also been a key factor in the market growth across various regions.
 

Chemical and pharmaceutical manufacturers are opting for green manufacturing technologies to reduce power consumption and emissions during chemical reactions. Flow chemistry has the potential to scale up the reactions performed in laboratories for continuous production. Increasing demand for sustainable manufacturing coupled with low operating technologies is likely to provide better opportunities for flow chemistry market manufacturers over the next few years.
 

The plug flow reactor segment will boost market demand

Based on technology, the plug flow reactor segment is likely to showcase a CAGR of 11.7% by 2027. Plug flow reactors, also known as continuous tubular reactors, have excellent medium- & low-temperature capability and have precise temperature control & measurement at reaction points. They are generally used to predict the behavior of tubular chemical reactors so that their key variables such as dimensions can be estimated.
 

Plug flow reactors can be used in fast & high-temperature reactions and can be scaled up without altering the reaction conditions. The product can be used in the manufacture of APIs in the pharmaceutical industry and functional chemicals.
 

In terms of end-use, the academic & industrial research sector is anticipated to generate a revenue of over USD 470 million by 2027 at a CAGR of 12.6%. Several players in the pharmaceutical market have been trying to maintain collaborations with various academic institutes & universities.
 

Academic & industrial research will bring in novel methodologies for chemical manufacturing and API synthesis, augmenting the product demand in this segment over the coming years. Moreover, flow chemistry is witnessing attention from universities for lab work, research projects, and other experimental activities. Companies are also investing huge capital in research initiatives, opening new growth avenues for the flow chemistry market.
 

Browse key industry insights spread across 150 pages with 101 market data tables & 28 figures & charts from the report, “Flow Chemistry Market By Reactor (Microreactor Systems, Continuous Stirred Tank Reactor [CSTR], Plug Flow Reactor [PFR], Meso Reactor), By End-user (Pharmaceutical, Chemical, Academic & Industrial Research, Petrochemical), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/flow-chemistry-market
 

Increasing demand for chemical & petrochemical products will support the European market growth

Europe tends to experience a positive demand for flow chemistry from the chemical & petrochemical markets. According to the European Chemical Industry Council, the petrochemicals market accounts for 25% of the EU's total chemical exports, thus making it the second-largest export industry across Europe. In addition, according to the EU, the chemical industry, the largest manufacturing industry in Europe, is bolstering the industrial development in the region by providing innovative materials and technical solutions. It accounts for 7.5% of the European Union production, in terms of revenue.
 

Key industry participants operating in flow chemistry industry are Future Chemistry Holding B.V, AM Technology, Chemtrix BV, Lonza Group Ltd., ThalesNano Inc., Milestone Srl., and Cambrex Corporation, among others.