North America flow chemistry market on this ground is experiencing a rapid growth with the expanding petrochemical and pharmaceutical industry base. It is set to register a CAGR of 9% over the period of 2016-2024. U.S. is the prominent country leading the regional growth with considerable natural gas and petrochemical feedstocks.
Asia Pacific flow chemistry market dominated the global revenue share in 2015 and will exhibit flourishing growth prospects over the coming seven years. Supportive governmental norms and low initial investment required to establish a manufacturing base across APAC countries have attracted more market players, which, in turn, will generate significant revenue for flow chemistry industry over the years ahead. India and China will contribute significantly toward regional flow chemistry industry growth, owing to the presence of myriad chemical manufacturers in the region.
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Flow chemistry market is poised to witness a lucrative roadmap ahead with the products’ ability to enable sustainable manufacturing processes, owing to the minimal energy consumption, maximum production, and cost effectiveness with deployment of these products. Driven by the paradox shift observed in preference of ecofriendly processes both in chemical and pharmaceutical sectors, the market looks extremely promising from growth perspectives in the coming timeframe.
Pharmaceutical sector is further adding to a huge share of the flow chemistry industry. The report estimates that this sector will be the fastest-growing segment in the end-use landscape. Rising preference of flow chemistry products over batch reactors driven by safety parameters, usage in drug manufacturing, and ability to increase the production rate at a lower cost are the factors driving the flow chemistry market size in pharmaceutical applications.
Academic & Industrial research units are also driving the industry share lucratively. The most common product deployed across these units are Microreactor systems, which possess superior heat and mass transfer properties, thereby regulating the heat during chemical reactions. As per the estimates, Microreactor systems flow chemistry market is projected to witness highest gains at 15% over the coming seven years. As per a report by Global Market Insights Inc., “Flow chemistry market is estimated to surpass USD 2 billion by 2024, registering a remarkable annual growth rate of 10% over the period of 2016-2024.”
Flow chemistry market is consolidated with the major giants sharing more than 40% of the business space. However, the company is still competitive and is governed by the major differentiation parameters of pricing and technological advances. Key flow chemistry industry participants include Uniqsis Ltd, Koninklijke DSM N.V. FutureChemistry Holding BV, ThalesNano, AM Technology, Vapourtec Ltd, Chemtrix B.V., and Milestone Srl.
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Glimpse of Table of Content (ToC)
Chapter 3 Flow Chemistry Industry Insights
3.1 Flow chemistry Industry Segmentation
3.2 Industry Size and forecast, 2013 – 2024
3.3 Industry ecosystem analysis
3.3.1 Distribution analysis
3.4 Flow chemistry Industry Impact forces
3.4.1 Growth drivers
220.127.116.11 Rising flow chemistry demand owing to its low operating costs and sustainable characteristics
18.104.22.168 Safety in production process along with low emissions
3.4.2 Industry pitfalls and challenges
22.214.171.124 Concerns regarding technology scale up for commercialization
3.5 Growth potential analysis
3.6 Porter’s analysis
3.7 Company market share analysis, 2015
3.7.1 Strategic landscape
3.8 PESTEL analysis
3.9 Regional price trends
3.9.1 Cost structure analysis
Chapter 4 Flow Chemistry Product Insights
4.1 Flow chemistry market share by product, 2015 & 2024
4.2 Microreactor systems
4.2.1 Global market estimates and forecast, 2013 – 2024
4.2.2 Global market estimates and forecast, by region, 2013 – 2024
4.3 Continuous Stirred Tank Reactor (CSTR)
4.3.1 Global market estimates and forecast, 2013 – 2024
4.3.2 Global market estimates and forecast, by region, 2013 – 2024
4.4 Plug Flow Reactor (PFR)
4.4.1 Global market estimates and forecast, 2013 – 2024
4.4.2 Global market estimates and forecast, by region, 2013 – 2024
4.5.1 Global market estimates and forecast, 2013 – 2024
4.5.2 Global market estimates and forecast, by region, 2013 – 2024
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