Flow Chemistry Market 2023 | Size, Growth, Share, Trends, Analysis and Forecast 2028
According to the latest report by IMARC Group “Flow Chemistry Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global flow chemistry market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.0 Billion by 2028, exhibiting a growth rate (CAGR) of 9.6% during 2023-2028.
Flow chemistry is widely used for oxidation, hydrogenation, halogenation, and diazotization reactions. It assists in performing chemical reactions between reactive compounds in a single flowing stream. It also aids in increasing product quality and yield, analyzing, optimizing, scaling up chemical reactions, and providing a customizable workflow. Moreover, as it is safer, faster, and scalable, flow chemistry is replacing the conventionally used batch reactors worldwide.
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Presently, there is a considerable expansion in the chemical industry across the globe. This, along with the increasing adoption of microreactors in the pharmaceutical industry, represents one of the key factors positively influencing the market. Besides this, leading players are introducing advancements, such as highly automated flow synthesize systems integrated with next-generation sustainable manufacturing solutions. These technologies assist in preventing blockages in the process and maintaining a continuous flow. Furthermore, the market is also driven by increasing research and development (R&D) activities.
Breakup by Reactor:
- Continuous Stirred Tank Reactor
- Plug Flow Reactor
- Microwave System
Breakup by Application:
- Academia and Research
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- AM Technology
- Chemtrix BV
- Corning Incorporated
- Ehrfeld Mikrotechnik GmbH
- FutureChemistry Holding B.V.
- HEL Ltd.
- Lonza Group AG
- Milestone Srl (Koch Media GmbH)
- Parr Instruments Company
- Syrris Ltd (Asahi Glassplant Inc.)
- ThalesNano Inc.
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