Categories: Market Research

Global Flow Chemistry Market Report 2023: Market Size, Key Segments And Regions

The Flow Chemistry Global Market Report 2023 by The Business Research Company, provides flow chemistry market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/flow-chemistry-global-market-report

According to The Business Research Company’s Flow Chemistry Global Market Report 2023, the market size is expected to grow from $1.86 billion in 2022 to $2.09 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the flow chemistry market is expected to grow to $3.27 billion in 2027 at a CAGR of 11.9%.

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.

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The flow chemistry market 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

The development of new procedures has 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 September 2020, Faes Farma, a Spain-based pharma company, joined hands with Syrris Ltd., a UK-based company involved in research and development and manufacturer of flow chemistry products, to develop a Syrris-developed Flow Chemistry System based on a series of non-native enzyme-controlled reactions technology that helps to improve the flow chemistry process.

The flow chemistry market report table of contents includes: