Transparency Market Research has published a new report titled “Flow Chemistry Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020.” According to the report, the Global Flow Chemistry Market was valued at US$ 808.6 Mn in 2013 and is projected to reach US$ 1,526.3 Mn in 2020, expanding at a CAGR of 9.5% between 2014 and 2020.The market for flow chemistry is primarily driven by factors such as increasing need to lower operating costs and adoption of sustainable technologies by chemical and pharmaceutical manufacturers. Flow chemistry offers various advantages over traditional batch processes. These include significant savings in energy usage, high scalability and continuous processing with high reactor throughput and superior heat and mass transfer. Flow chemistry also offers eco-friendly, low emission and a safe production process, thereby supporting green manufacturing.
Get PDF Brochure for more Professional and Technical insights:
Continuous stirred tank reactor (CSTR) dominated the flow chemistry market in 2013. However, microreactor systems is anticipated to be the fastest growing segment during the forecast period. Chemical was the largest end-user segment in the flow chemistry market in 2013. Pharmaceutical is estimated to be the most lucrative end-user for flow chemistry in the next few years. However, scaling-up issues coupled with the need to conform to governmental regulations in the pharmaceutical industry are likely to hamper market growth in the near future.
Continuous stirred tank reactor accounted for over 40% of the global flow chemistry market in 2013. Plug flow reactor followed continuous stirred tank reactor. However, microreactor systems is expected to be the fastest growing product segment in the flow chemistry market during the forecast period. Other flow chemistry equipment, including microwave systems, is projected to boost market growth in the next few years, due to rising demand for flow chemistry in chemical and petrochemical industries.
The chemical segment dominated the end-user segment, constituting around 35% of the global demand for flow chemistry in 2013. Flow chemistry can be used to carry out various reactions such as nitration and bromination. Pharmaceutical accounted for the second-largest market share in the global flow chemistry market in 2013. It is also anticipated to be the fastest growing end-user segment for flow chemistry during the forecast period. Flow chemistry is used in the manufacture of APIs in the pharmaceutical industry. Petrochemical and academic & industrial research are also considered major end-users in the global flow chemistry market. Other end-users such as polymers and nanostructured materials are expected to offer higher opportunities for flow chemistry during the forecast period.
North America has been dominating the demand for flow chemistry over the past few years. The region accounted for over 35% of the global demand for flow chemistry in 2013. Rising demand for flow chemistry in the pharmaceutical industry has been a key factor for the growth of the flow chemistry industry in North America.
Browse Market Research Report with ToC & Analysis:
Asia Pacific followed North America, accounting for the second-largest share in the global flow chemistry market in 2013. Increasing demand for flow chemistry in chemical and pharmaceutical applications is driving the demand for flow chemistry in Asia Pacific. Europe is likely to experience stable growth for flow chemistry in the near future. Market share of Rest of the World is projected to increase in the flow chemistry market in the next few years, led by high demand for flow chemistry in Brazil and Saudi Arabia.
The report provides a comprehensive view of the flow chemistry market in terms of volume and revenue. The report also includes current demand analysis and forecast for end-users in North America, Europe, Asia Pacific and Rest of the World. It comprises the following segments:
Flow Chemistry Market - Product Segment Analysis
Continuous Stirred Tank Reactor (CSTR)
Plug Flow Reactor (PFR)
Others (Including microwave reactor, etc.)
Academic & industrial research
Others (Including polymers, etc.)
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453