Flow chemistry involves the running of reaction in a flowing stream rather than in batches. In this process, pumps are used to initiate the movement of fluid into a tube. Flow chemistry enable safer, cleaner, efficient, and cheaper chemical processes. Flow chemistry enhances reaction time and safety and also offer multi-step synthesis.
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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.
Growth in the food & beverage industry, as it is highly dependent on flow chemistry for manufacturing bulk chemicals is expected to bring new market opportunities. Moreover, robust growth in the construction industry is creating demand for soaps, detergents, and paints & coatings which is further anticipated to bolster the market growth of flow chemistry. Furthermore, rapid growth in the Indian pharmaceutical industry is again expected to fuel the market growth of flow chemistry.
Global Flow Chemistry Market, By Product Type:
Continuous Stirred Tank Reactor (CSTR)
Plug Flow Reactor (PFR)
Global Flow Chemistry Market, By End-User:
Academic & industrial research
Key companies covered as a part of this study AM Technology, Chemtrix BV, FutureChemistry Holdings B.V., Koninklijke DSM N.V., Lonza Group Ltd., Milestone S.r.l, Syrris Ltd., ThalesNano inc., Uniqsis Ltd., and Vapourtec Ltd.
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