Flow chemistry is a technology that involves chemical reaction run in a single flowing stream, not in batches. Flow chemistry is widely adopted across various end-user industries such as pharmaceuticals, chemicals, and petrochemicals. Flow chemistry is beneficial for the reaction that cannot be performed in a batch reactor.
The global flow chemicals market was estimated to account for US$ 1,390.1 Mn in terms of value by the end of 2019.
Low emissions and safety profiled production process of flow chemistry is primarily fueling the market growth. The growing need for more sustainable and eco-friendly production processes are also contributing to the market growth of flow chemistry. Moreover, flow chemistry reduce the waste generated in chemicals reaction during the manufacturing process, thus addresses both environmental and safety issues.
Expansion of the chemical industry due to increasing production and consumption of chemicals around the globe is projected to augment the market growth of the flow chemistry. According to the Cefic Facts & Figures 2020, global chemicals turnover was valued at €3,347 billion in 2018 and sales grew by 2.5% from €3,266 billion in 2017 to €3,347 billion in 2018. Thus, growth in the chemical industry is propelling the market growth of flow chemistry.
Figure 1. Global Flow Chemistry Market Share (%) in terms of Value, By Region, in 2019
North America region dominated the global flow chemistry market in 2019, accounting for 36.4% share in terms of value, followed by Asia Pacific and Europe, respectively.
The high cost of the R&D spending requirement and high cost of Micro Reactor systems (MRT) is expected to restrict the adoption of such system. This factor is expected to hamper the market growth of the flow chemistry.
Limited adoption of this technology across developing regions is projected to hamper market growth. These systems are used in less number of companies.
Flow Chemistry Market Report Coverage
||Market Size in 2019:
||US$ 1,390.1 Mn
|Historical Data for:
||2016 to 2019
||2020 to 2027
|Forecast Period 2020 to 2027 CAGR:
||2027 Value Projection:
||US$ 2,890.2 Mn
- North America: U.S., Canada
- Latin America: Brazil, Argentina, Mexico, Rest of Latin America
- Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
- Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
- Middle East: GCC, Israel, and Rest of Middle East
- Africa: South Africa, North Africa, and Africa
- By Product Type: Microreactor Systems, Continuous Stirred Tank Reactor (CSTR), Plug Flow Reactor (PFR), and Others
- By End-User: Pharmaceuticals, Microreactors Systems, Continuous Stirred Tank Reactor (CSTR), Plug Flow Reactor (PFR), and Others
AM Technology, Chemtrix BV, FutureChemistry Holdings BV, Koninklijke DSM N.V., Lonza Group Ltd., Milestone S.r.l, Syrris Ltd., ThalesNano inc., Uniqsis Ltd., and Vapourtec Ltd.
- Low emissions associated with the production process of flow chemistry is fueling the market growth.
- Expansion of the chemical industry boost the market growth.
|Restraints & Challenges:
- Limited adoption of this technology across developing regions.
The growing use of flow chemistry in the production of nanoparticles, bio-fuels, and bulk chemicals is projected to provide potential opportunities in the near future. They are widely used in the continuous production of nanostructures, which are used in the bio-chemical sensing, photovoltaics, and displays. Thus, emerging such application of flow chemistry in nanoparticles and bulk chemicals is projected to foster the market growth of the flow chemistry.
Flow chemistry technology has huge potential opportunities in the Middle East for chemicals and the petrochemical industry. Flow chemistry is increasingly gaining adoption across the petroleum industry. The strong presence of the petrochemical industry in the Middle East region due to increasing investment by the government is projected to boost the demand for flow chemicals. Also, the expansion of the chemical industry in the region is further augmenting the market growth of flow chemistry.
Figure 2. Global Flow Chemistry Market– Opportunity Analysis
Market Trends/Key Takeaways
The growing popularity of micro reactors on the account of rapid adoption across fine chemicals and pharmaceuticals applications is expected to foster the market growth. These reactors are compact and require less space and low capital investment. Moreover, they offer safe processing conditions for highly toxic reactions. This factor is stimulating the market growth of the flow chemistry over the foreseeable period.
Increasing use of flow chemistry for academic and educational purposes is a major trend in the market. Moreover, increasing utilization of the flow of chemistry technology in the polymer industry is another major trend in the market. All these factors are expected to support the market growth of flow chemistry in the near future.
Figure 3. Global Flow Chemistry Market Share (%) in terms of Value, By Product Type, in 2019
On the basis of product type in 2019, the continuous stirred tank reactor (CSTRE) has accounted the largest market share of 42.6% in terms of value, followed by plug flow reactor and others respectively.
Global Flow Chemistry Market - Impact of Coronavirus (Covid-19) Pandemic
Coronavirus is expected to have a significant impact on the chemical sector. The chemical industry is expected to face lowered productivity and demand due to the pandemic situation. On the other hand, the chemicals used in the pharmaceutical industry is expect to rise owing to increase in the demand for specialty chemicals such as salicylic acid, amino acid, and dicalcium phosphate, etc.
Value Chain Analysis
- AM Technology
- Chemtrix BV
- FutureChemistry Holding BV
- Koninklijke DSM N.V.
- Lonza Group Ltd.
- Milestone Srl
- Syrris Ltd.
- ThalesNano Inc.
- Uniqsis Ltd.
- Vapourtec Ltd.