Global Flow Chemistry Market is expected to grow due to increasing demand for sustainable energy resources and energy efficient devices to meet rising energy demand. Increasing lower operating cost needs and viable technologies demand by pharmaceutical & chemical manufacturers is anticipated to drive demand and in turn augment flow chemistry market growth.
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Flow chemistry advantages include considerable energy savings, continuous processing and high scalability. Conventional and non-renewable energy sources depletion is projected to drive flow chemistry market. Flow chemistry supports green manufacturing as it is an eco-friendly process with reduced emissions. Flow chemistry reactions are fast and efficient with minimum by-products. This is projected to propel such clean energy sources demand and in turn flow chemistry market growth over the forecast period. Flow chemistry allows greater control over exothermic reactions resulting in safe chemistry and risks & hazards elimination associated with chemical process. Scale up issues elimination and efficient energy generation is expected to drive flow chemistry market growth.
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Stringent environmental regulations regarding conventional energy resources usage by agencies such as U.S. Environmental Protection Agency (EPA) is projected to propel cleaner energy resources growth such as flow chemistry. Low energy conversion rate and rare by-pass owing to poor agitation is expected to hinder flow chemistry market growth and pose challenges to industry participants over the forecast period. Flow chemistry has become an important tool for new drugs development in pharmaceutical industry such as APIs manufacturing. This is anticipated to create lucrative opportunities for industry participants over the forecast period.
North America is expected to be the dominant region for flow chemistry demand owing to growing pharmaceutical and petrochemical industry in countries such as U.S. and Canada. Asia Pacific is expected to witness significant growth due to increasing applications in end-use industries such as chemical and pharmaceutical. China, India and Korea are expected to be the key economies driving flow chemistry demand in Asia Pacific.
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Europe is anticipated to witness stable flow chemistry market growth. Latin America and Middle East are slated to observe considerable flow chemistry market growth owing to increasing sustainable energy need in the region.
Key players operating in global flow chemistry market include Little Things Factory, DSM, Uniqsis, IMM, Syrris, Chemtrix, YMC, ThalesNano, Future Chemistry, Lonzaand AM Tech UK.
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