The flow chemistry global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Flow Chemistry Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The flow chemistry market size has grown rapidly in recent years. It will grow from $2.09 billion in 2023 to $2.35 billion in 2024 at a compound annual growth rate (CAGR) of 12.7%. The growth in the historic period can be attributed to chemical process optimization, green chemistry principles, pharmaceutical industry growth, continuous manufacturing advancements,safety and scalability.
The flow chemistry market size is expected to see rapid growth in the next few years. It will grow to $3.93 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to sustainable manufacturing practices, specialty chemicals productio, adoption in emerging markets, continuous flow catalysis, energy efficiency. Major trends in the forecast period include pharmaceutical drug synthesis, miniaturization and microreactors, multistep and complex reactions, flow chemistry in fine chemicals, advanced microreactor technologies.
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Scope Of Flow Chemistry Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Flow Chemistry Market Overview
Market Drivers –
The increasing pharmaceutical industry is expected to propel the growth of the flow chemistry market going forward. The pharmaceutical industry manufactures drugs and medicines for various types of diseases. Flow chemistry is used in the pharmaceutical industry for drug discovery, chemical process development, and manufacturing. For instance, according to a report by the Federation of Indian Chambers of Commerce & Industry (FICCI), an India-based non-governmental trade association and advocacy group, for the year 2021, the Indian pharma industry reached USD41.7 billion in 2020 and is expected to reach USD130 billion by 2030. Also, for the year 2020, pharmaceutical exports reached $20.7 billion, while imports totaled $2.31 billion. Therefore, the increasing pharma industry is expected to propel the growth of the flow chemistry market going forward.
Market Trends –
The development of new facilities have emerged as a key trend gaining popularity in the flow chemistry market. Major companies operating in the flow chemistry sector are focused on developing new procedures to sustain their position in the market. For instance, in July 2023, PharmaZell GmbH, a Germany-based pharmaceutical company launched cGMP Pilot Facility. The facility is made to facilitate the manufacturing of complex APIs, where flow chemistry has benefits including enhanced process control, safety, and effectiveness. The cGMP pilot facility enables the creation and improvement of these procedures, which are thought to be a crucial tool for managing delicate chemical interactions.
The flow chemistry market covered in this report is segmented –
1) By Reactor: Microreactor Systems, Continuous Stirred Tank Reactor (CSTR), Plug Flow Reactor, Meso Reactor
2) By Technology: Gas Based Flow Chemistry, Photochemistry Based Flow Chemistry, Microwave Irradiation Based Flow Chemistry
3) By End-User: Pharmaceutical, Chemical, Academic and Industrial Research, Petrochemical
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Regional Insights –
North America was the largest region in the flow chemistry market in 2023. North America is expected to be the fastest growing region in the forecast period. The regions covered in the flow chemistry market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the flow chemistry market include AM Technology Co Ltd., CEM Corporation, Milestone Srl, Biotage AB, Syrris Ltd., Vapourtec Ltd., ThalesNano Inc., Hel Group, Uniqsis Ltd., Chemtrix BV, Ehrfeld Mikrotechnik BTS, Future Chemistry Holding BV, Corning Incorporated, Cambridge Reactor Design Ltd, PDC Machines Inc, Parr Instrument Company, Lonza Group Ltd, Radleys, Sicco Engineering Srl, Syntesia, Top-Chem Fluid Control, UCT Co. Ltd., AMT Flow Designs Inc., Alfa Laval AB, Antion Italy Srl, H.E.L Group, ThalesNano Inc, Little Things Factory GmbH
Table of Contents
1. Executive Summary
2. Flow Chemistry Market Report Structure
3. Flow Chemistry Market Trends And Strategies
4. Flow Chemistry Market – Macro Economic Scenario
5. Flow Chemistry Market Size And Growth
…..
27. Flow Chemistry Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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