Market Research Report
Global Flow Chemistry Market - 2019-2026
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|Global Flow Chemistry Market - 2019-2026|
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Flow Chemistry is the procedure of performing the chemical reactions in a tube or pipe. It involves the pumping reactive components at a mixing junction and flowed down a temperature controlled pipe or tube. It is widely used at a large scale for manufacturing large quantities of material. It allows arranging the multi-step reactions in a continuous sequence. The global flow chemistry market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The market growth is driven by the rising adoption of flow chemistry due to its advantages such as faster reactions, cleaner products, high selectivity, safer reactions, higher yields and easy scale-up in the chemical industry, pharmaceutical, petrochemicals, and other industries. It allows easy scale-up of the proven reaction with less or no process development work.
Flow chemistry has replaced the batch reactions as the flow reactions can be automated with less effort in comparison to the batch reactions. Moreover, it is easy to create a flow automated system to examine and explore different reaction parameters.
The market is influenced by technological development, new product launches and up-gradation of existing processes, increase annual productivity and optimizing processing operational flow throughout the forecast period. For instance, Syrris had launched its Asia Automated Reagent Injector which provides high performance, fully automated sample injection via two independent channels, allowing complex matrixed libraries to be synthesized.
Different regulatory bodies such as U.S. Food and Drug Administration (FDA) and the European Commission are preferring the use of flow chemistry for manufacturing Active Pharmaceutical Ingredients (APIs) and chemicals due to its ability to provide the high yield for reducing the energy and solvent waste.
However, the market is hindered by the difficulty in processing the heterogenous mixtures due to clogging in reaction tubing.
The global flow chemistry market is segmented based on the reactor as a continuous stirred tank reactor (CSTR), plug flow reactor, microreactor, microwave systems, and others. Continuous stirred tank reactor accounts for the highest market share due to the compatibility of these reactors in various reaction phases including liquid, gas-liquid, and solid-liquid phase. CSTR operated at a steady state. It is widely used in wastewater treatment processes due to their ability to provide resistance to both high and low PH fatty acids waste.
Plug flow reactor segment is expected to have positive market growth due to the highly suitable for rapid reactions and large capacity processes. There is an increase in the use of plug flow reactors in pharmaceutical and chemical manufacturing. Manufacturers are preferring the plug flow reactors for scaling up the production processes.
Further, the market is also classified as pharmaceuticals, chemicals, academia & research, petrochemicals, and others. Chemicals segment accounts for the high market share due to rising demand for cost-effectiveness and safety coupled with stringent environmental regulations. According to SelectUSA, the chemical industry has more than 13,000 firms that produce more than 70,000+ chemical products. The U.S. chemical industry had exceeded chemical sales of USD 765 billion. The Foreign Direct Investment (FDI) was USD 700 in 2017.
The pharmaceutical industry segment contributes a significant market share due to the rising adoption of flow chemistry for isolation and purification of compounds, chemical synthesis, and drug design. Flow chemistry plays a vital role in conducting reactions, continuous separations, and continuous crystallization. The global pharmaceutical industry is growing due to rising drug sales, drug development, rising investment & funding, and research activities. According to the Department of Industrial Policy and Promotion (DIPP), the pharmaceutical industry had cumulative FDI inflows worth USD 15.98 billion during the year 2000 to 2019.
The petrochemical segment accounts for the positive market growth due to the rising demand for petrochemical products with the growing industrialization. Petrochemical industry involves the high usage of various flow reactors for the fractional distillation of products such as naphtha, LPG, gasoline, petroleum oils, and other products due to advantages of petrochemical providing high yield with low energy and material consumption and high-cost saving.
By region, the global flow chemistry market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East and Africa. Among all of the regions, North America accounted for the highest market share due to the presence of a large number of chemical manufactures. The United States is the leading chemical producer in the world. According to the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy (EERE), the United States accounts for the one-fifth of world production of chemical shipments. The market is witnessing the high technological advancement in flow chemistry. High growth in the construction industry is also influencing market growth in North America. According to the America of Associated General Contractors (AGC), construction is a leading contributor to the United States economy which creates approximately USD 1.3 trillion worth of structures each year. The United States is one of the largest buyers of microwave systems due to rising laboratory-scale projects.
Asia-Pacific region contributes to the prominent market share due to increasing urbanization, domestic income and consumers' purchasing power which has resulted in increased production of soaps, paints, and coatings. According to the Energy and Resource Institute, India's urban population is expected to grow from 410 million in 2014 to 814 million by 2050. The growing pharmaceutical industry is also fueling the market growth. According to India Brand Equity Foundation, the Indian pharmaceuticals market was USD 19.89 Billion and it is expected to increase over the forecasted period due to rising exports of Indian drugs to various countries. It has been observed that Indian drugs are exported to more than 200 countries in the world including the United States. Rising demand for cosmetics, soaps, and detergents in developing countries especially in China, India, and Japan shall have positive market growth.
Europe is expected to have positive market growth due to the rising demand for flow chemistry from the chemicals and petrochemicals industry. According to the European Union, the chemical industry is one of the largest manufacturing sectors in Europe. It is supporting Europe's industrial development by providing innovative materials and technological solutions. It represents 7.5% of EU manufacturing by turnover. The total sales of chemicals were Euros 565 billion. According to the European Chemical Industry Council, the petrochemicals are the second-largest exporting industry which accounts for 25% of total European Union chemical exports.
The global flow chemistry market is highly competitive with the presence of domestic and international players. Am Technology, CEM Corporation, Milestone Srl, Biotage AB, Syrris Ltd., Vapourtec Ltd., and ThalesNano Inc. are the leading companies with a prominent market share. Syrris has a different range of resources that provides a variety of flow chemistry application notes and reactions using Syrris' flow chemistry systems. Syrris' innovative microreactor-based systems include the modular Asia and Titan product ranges. Companies are focusing on product diversification, product innovation, developing new infrastructures, market expansion, new product launch strategies.
The companies are entering into the collaborations, mergers, strategic partnerships and acquisitions to increase the demand for flow chemistry and their expansion across the globe. For instance, in June 2019, Space Tango had entered into the collaboration with the Beeler Research Group for developing a fully-automated system to support chemical reactions on-orbit. This collaboration would help the company to expand flow chemistry capabilities and would allow provides an opportunity to explore transformations in microgravity. Beeler Research Group was selected by the International Space Station U.S. National Laboratory to develop reactor systems for flow chemistry. In December 2018, Biotage had entered an agreement to acquire PhyNexus, Inc. This acquisition would enable the Biotage to provide the global customers an enabling automation platform based on Dual Flow Chromatography and patented tip technology for higher throughput purification of biomolecules at the lab-scale.
In January 2020, Asahi Glassplant UK Ltd. had acquired Syrris and Glass Solutions businesses from Blacktrace Holdings Ltd. This would allow the company to increase the global support of customers, and manufacturing capacity.