New report on Flow Chemistry Market Analysis by Application Based on the application, the Flow chemistry market is segmented into Chemicals, Pharmaceuticals, Petro Chemicals, Bio fuels, Perfume & Fragrance Industries, Academia research and laboratories. Flow Chemistry becomes an important tool for new drug development in Pharmaceuticals. Flow Chemistry Market Analysis by Geography: Based on geography, the flow chemistry market is segmented into North America, Europe, Asia- Pacific and rest of the world. Europe is the largest market for almost all reactors, except for microwave systems; however, U.S. is the largest buyer of microwave systems due to ongoing lab scale projects. Asia Pacific region is the upcoming market for continuous flow reactors due to the infrastructural opportunities present in the region. Flow chemistry is primarily used in chemical and pharmaceutical industries due its wide area of applications. Competitive Analysis: The major players dominating this market are Syrris, Little Things Factory, ThalesNano, IMM, Chemtrix, DSM, AM Tech U.K, Uniqsis, Future Chemistry, Lonza, YMC, etc. Syrris has launched ‘Asia Tube Cooler’, the latest addition to the Company’s range of advanced flow chemistry products. Product launch is one of the important strategies adopted by the companies to increases their market share.
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Flow chemistry is a technology where a chemical reaction is run in a continuously flowing stream rather than in a batch wise production. Modern flow reactors can deliver a number of distinct advantages over traditional batch reactor technology. For example, reaction conditions that may be challenging to achieve in a batch reactor can be easily achieved in a flow reactor. Another instance would be reactions, which involve the use of dissolved gases as reagents. These can be more easily handled in a flow reactor as compared to a batch process, enabling the use of those reagents. Increasing demand in sustainable equipments and energy savings devices by safe and flexible processes drives the global flow chemistry market. The continuous demand for flow devices caters to wide range of applications in the chemicals and pharmaceuticals industries. Its low operational costs, energy savings & sustainable production and most importantly a wide range of industrial applications as compare to the batch reactors are driving the flow chemistry market, globally. High amount of R&D spending requirements and cost of high Micro Reactor systems (MRT) act as major restraints for this market growth.
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Key Market Segments MARKET BY PRODUCT TYPES
- Micro Reactor systems (MRT)
- Continuous Stirred Tank Reactors (CSTR)
- Plug Flow Reactors (PFR)
- Microwave systems
MARKET BY APPLICATION TYPE
- Chemicals
- Pharmaceuticals
- Petro Chemicals
- Bio-fuels
- Perfume and Fragrance Industries,
- Academia research and laboratories
MARKET BY GEOGRAPHY
- North America
- Europe
- Asia- Pacific
- Rest of the world
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