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  • Published On : Jul 2023
  • Code : CMI4063
  • Pages :142
  • Formats :
      Excel and PDF
  • Industry : Bulk Chemicals

The global flow chemicals market was estimated to account for US$ 3341.3 Mn in terms of value by the end of 2030.

Drivers

  • Low emissions associated with the production process of flow chemistry

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 is also contributing to the market growth of flow chemistry. Moreover, flow chemistry reduces the waste generated in chemicals reaction during the manufacturing process, thus addressing both environmental and safety issues. For instance, in June 2021, Syrris Ltd, the Asia Flow Chemistry System, a new flow chemistry system, was introduced by a unit of the Black trace Holdings Group. The wide variety of chemical reactions in this system, including gas-liquid, liquid-liquid, and solid-liquid reactions, make it ideal for chemical synthesis. For ease of use and increased productivity, the system also has automation and remote control features.

  • Expansion of the chemical industry

Expansion of the chemical industry due to the increasing production and consumption of chemicals around the globe is projected to augment the market growth of flow chemistry. 

Flow Chemistry Market Report Coverage

Report Coverage Details
Base Year: 2022 Market Size in 2022: US$ 1736  Mn
Historical Data for: 2020 to 2023 Forecast Period: 2023 to 2030
Forecast Period 2023 to 2030 CAGR: 8.5% 2030 Value Projection: US$ 3341.3 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East &Africa:  South Africa, GCC Countries, Rest of Middle East & Africa
Segments covered:
  • By Product Type: Micro reactor Systems, Continuous Stirred Tank Reactor (CSTR), Plug Flow Reactor (PFR), Others
  • By End-User: Pharmaceuticals, Microreactors Systems, Continuous Stirred Tank Reactor (CSTR), Plug Flow Reactor (PFR), Others
Companies covered:

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.

Growth Drivers:
  • Low emissions associated with the production process of flow chemistry 
  • Expansion of the chemical industry
Restraints & Challenges:
  • Limited adoption of this technology across developing regions

Market Restraints

  • Limited adoption of this technology across developing regions.

The high cost of the R&D spending requirement and the 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 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.

Market Opportunities

Increasing demand for flow chemistry in the production of biodiesel

  • 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 bio-chemical sensing, photovoltaic, and displays. Thus, emerging such application of flow chemistry in nanoparticles and bulk chemicals is projected to foster the market growth of 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.

Market Trends/Key Takeaways

The growing popularity of micro reactors on account of rapid adoption across fine chemicals and pharmaceutical applications is expected to foster 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.

Market segment

Figure 1. Global Flow Chemistry Market Analysis by region in 2022

FLOW CHEMISTRY MARKET

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North America region dominated the global Flow Chemistry Market Analysis in 2022, accounting for 36.4% share in terms of value, followed by Asia Pacific and Europe, respectively.

Figure .2 Global Flow Chemistry Market Analysis by Product Type in 2022

FLOW CHEMISTRY MARKET

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On the basis of product type in 2022, the continuous stirred tank reactor (CSTRE) has accounted the largest market share of 42.6% in terms of value, followed by plug flow reactor, microreacter system  and others respectively.

Global Flow Chemistry Market Analysis- Impact of Coronavirus (Covid-19) Pandemic

Coronavirus is likely to have a large influence on the chemical industry. Because of the pandemic, the chemical industry is projected to see lower output and demand. Chemicals used in the pharmaceutical business, on the other hand, are predicted to climb due to increased demand for specialized chemicals such as salicylic acid, amino acid, and dicalcium phosphate, among others.

Key development

  • In May 2021 Lonza (Switzerland), an manufacture has partnered with Codexis (USA), a partnership with Codexis, a renowned enzyme engineering company, to develop and commercialize flow chemistry-based enzymatic methods for the synthesis of pharmaceutical intermediates and APIs.
  • In March 2021 Thermo Fisher Scientific (US) announced the acquisition of Qiagen N.V., (Netherlands) significant supplier of sample and assay technology for academic research, application testing, and molecular diagnostics. Thermo Fisher Scientific's position in the quickly growing molecular diagnostics industry will be improved by the acquisition.
  • In August 2021 Lonza (Switzerland) announced the acquisition of Parchem Fine & Specialty Chemicals (USA), a leading supplier of specialized production services and specialty chemicals. The acquisition is a part of Lonza's strategy to increase the variety of specialty chemicals it offers and to use its expertise in flow chemistry technology to provide clients with more efficient and customized solutions. Environmentally sound alternatives.
  • In October 2020, PerkinElmer (US) agreed to provide flow chemistry and other automation solutions to the UK-based Medicines Manufacturing Innovation Center (UK) for the research and production of small molecules and bio therapeutics.
  • In 2020, August, Chelsea technologies group acquired J+S Ltd., a U.K.-based manufacturer of sensors and tools for the security, environmental, and marine industries. The goal of the acquisition was to increase Chelsea technologies group's capabilities in the environmental monitoring and marine industries.
  • Competitive Section:
    1. AM Technology
    2. Chemtrix BV
    3. Future Chemistry Holding BV
    4. Koninklijke DSM N.V.
    5. Lonza Group Ltd.
    6. Milestone Srl
    7. Syrris Ltd.
    8. Thales Nano Inc.
    9. Uniqsis Ltd.
    10. Vapourtec Ltd.

*Definition- Flow chemistry is a technology that involves chemical reactions 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.

Frequently Asked Questions

The market for flow chemistry is estimated to surpass US$ 3341.3 million by 2030, exhibiting a CAGR of 7.5 % between 2023 and 2030.

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 is also contributing to the market growth of flow chemistry. Moreover, flow chemistry reduces the waste generated in chemicals reaction during the manufacturing process, thus addressing both environmental and safety issues.

The Market Analysis is expected to exhibit a CAGR of 7.5% during the forecast period (2023-2030).

Major players operating in the Market Analysis include AM Technology, Chemtrix BV, Future Chemistry Holdings BV, Koninklijke DSM N.V., Lonza Group Ltd., Milestone S.r.l, Syrris Ltd., Thales Nano Inc., Uniqsis Ltd., and Vapourtec Ltd.

Limited adoption of this technology across developing regions is projected to hamper market growth. These systems are used in less number of companies

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.

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