Flow Chemistry Market share forecast to grow at 10% CAGR from 2016 to 2024: Global Market Insights Inc.
The report “Flow Chemistry Market Size By Product (Microreactor Systems, Continuous Stirred Tank Reactor [CSTR], Plug Flow Reactor [PFR]), By End-user (Pharmaceutical, Chemical, Academic & Industrial Research, Petrochemical), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” says that flow chemistry market share to exceed USD 2 billion by 2024; according to a new research report by Global Market Insights, Inc. The overall flow chemistry market share is majorly propelled by numerous value added advantages offered by the process as compared to batch reactors. The process offers low capital and maintenance cost, minimum raw material requirement, which subsequently results in reduced operational cost. Furthermore, it also provides efficient & easy reactants mixing, superior heat & mass transfer along with enhanced reaction control. These process characteristics is analyzed to positively impact on the global industry growth over the estimated period.
Chemical manufacturing industries are highly regulated and directed by concerns towards fume emissions and worker safety, as these fumes are extremely toxic harmful for the environment and the workers. For example, most of the chemical manufacturing companies releases carbon gases, which are toxic and are the major pollution contributor. Adapting and accepting flow chemistry process and technology will help the chemical manufacturing companies to reduce these toxic gases and thereby will boost the global flow chemistry market size by 2024. Drifting focus towards environmental friendly processes in pharmaceutical and chemical manufacturing will substantially boost the overall flow chemistry market size over the projected timeframe. The process encompasses least heat exchange in comparison with traditional processes including batch, which consequently offers precise and efficient results and enhances the reaction productivity. Therefore, this process is extensively preferred in enduser industries such as pharmaceuticals. In addition, the conventional batch reactor method is not appropriate for various chemical reactions due to immense heat energy released in the process. Furthermore, the process offers harmless chemical reactions, which are beneficial for the environment and the worker. The global flow chemistry market size provides numerous viable benefit as compared to batch processes. Concerns on account of technology and production scale up for commercializing the process is the major hindrance confronted by the industry share contributors, as the 1|Page