Flow Chemistry Market to hit the 2-billion-dollar frontier by 2024

North America, led mainly by the U.S. flow chemistry market share is analyzed to observe gains over 9% CAGR by 2024.

According to Global Market Insights, Flow Chemistry Market size is estimated to be over USD 2 billion by 2024 growing at a CAGR of over 10% during the forecast period. The overall the 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 flow chemistry market growth over the estimated period.

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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.

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 end-user 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.

Pharmaceutical sector is further adding to a huge share of the flow chemistry market. 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.

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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.

In 2015, Asia Pacific led the regional race and dominated the global flow chemistry market landscape. The growth path ahead looks strong for APAC with the shifting focus of the manufacturers to establish manufacturing units in this region, driven by its low initial investment and promising government backing. India and China will be the major revenue pockets for APAC over the coming timeframe, backed by the large manufacturing base across these countries.

Table Of Content For This Research Report:

Chapter 2 Flow Chemistry Market, Executive Summary
2.1 Flow chemistry industry 3600 synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 End-user trends

Chapter 3 Flow Chemistry Market, 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
3.4.1.1 Rising flow chemistry demand owing to its low operating costs and sustainable characteristics
3.4.1.2 Safety in production process along with low emissions
3.4.2 Industry pitfalls and challenges
3.4.2.1 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

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