The global flow chemistry market is expected to reach a
market size of USD 2.39 billion by 2025, according to a new report by Grand
View Research, Inc. Increasing focus towards cost effectiveness, safety, and
environmental regulations are expected to have a positive impact on the demand
over the forecast period.
The flow chemistry involves a
continuous flow of chemical processes in order to develop intermediate
chemicals that are complex to achieve through the batch manufacturing process.
High control over factors such as reaction time, temperature, flow, pumped
volumes, and pressure allows increased safety levels in the process.
U.S. flow chemistry market
revenue, by reactor, 2014 - 2025 (USD Million)
Browse full research report on
Flow
Chemistry Market
Further key findings from
the report suggest:
- Petrochemicals
accounted for a significant market share and is expected to witness a CAGR
of over 9%, in terms of revenue on account of highly favorable conditions
for the ethylene and polyethylene manufacturers in North America
- Pharmaceutical
industry is expected to witness the fastest growth over the forecast
period on account of high flexibility in choice of the solvents as well as
temperature & pressure conditions, thereby resulting in high purity
product
- Continuous
stirred tank reactor segment is expected to grow at a CAGR of over 8% from
2015 to 2025 on account of its high penetration in industrial processing
- Asia Pacific
is expected to witness a CAGR of over 11% from 2016 to 2025 on account of
rapidly growing investment in pharmaceutical and chemical manufacturing in
China and India
- The flow
chemistry industry in Central & South America is majorly driven by
rapid urbanization and rising demand for generic drugs
- In February
2016, Chemtrix appointed Central Scientific Commerce as its distributor in
Japan in order to facilitate direct reactor sales and customer support to
the R&D and production communities in the economy
- In November
2015, Biotage AB opened a demonstration & application lab in Sweden
which facilitated further research across all the product lines of the
company
For
more information: http://www.grandviewresearch.com
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