Flow Chemistry Market by reactor (Tabular Reactors, Microreactors, Oscillatory Flow Rectors, Droplet-Based Reactors, Photochemical Reactors), Purification Method( Chromatography, Liquid-Liquid Extraction), Application, & Region - Global Forecast 2028
Flow Chemistry Market
The global flow chemistry market is valued at USD 1.7 billion in 2023 and is projected to reach USD 2.9 billion by 2028, growing at 10.4% cagr during the forecast period. Chemical synthesis is one of the major applications of the flow chemistry and offers market growth opportunities. The Tabular reactor by reactor segment is experiencing high growth rates in emerging regions such as Asia Pacific and North America.
Attractive Opportunities in the Flow Chemistry Market
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Flow Chemistry Market Dynamics
Driver: Rapid growth in the global pharmaceutical Industry
The pharmaceutical industry is propelled by advancements in medicine and bioscience. Furthermore, rising consumer health awareness in Asia-Pacific, particularly in developing nations like China and India, as well as rising disposable income, are expected to drive pharmaceutical sector growth over the projection period. Over the last decade, the United States, the United Kingdom, and Europe have dominated the pharmaceutical market; however, they now face major competition from growing economies such as Brazil, India, and China. Emerging economies such as China, India, and Brazil have seen dramatic changes in healthcare infrastructure. As a result, the one-size-fits-all approach cannot be used in emerging markets. Even within the main market clusters--the BRICMT economies of Brazil, Russia, India, China, Turkey, and Mexico, as well as the second-tier countries in Southeast Asia and Africa--local differences necessitate tailored approaches to these markets. Continuous flow technology reduces the number of stages necessary for manufacturing, which contributes to cost savings. .
Restraint: Competition forms alternative technologies
The expansion of the flow chemistry market may be constrained by competition from competing technologies. Standard batch-wise methods, microwave-assisted chemistry, and ultrasound-assisted chemistry are only a few of the various technologies that are employed in chemical synthesis. Comparing these technologies to flow chemistry, they each have different benefits and drawbacks, and some may be better suited for particular uses. For instance, conventional batch-wise methods, which are well-known and frequently used in the chemical industry, may be selected for applications requiring just a tiny amount of a certain chemical. On the other hand, microwave-assisted chemistry and ultrasound-assisted chemistry may be more appropriate for some types of reactions as they can give quicker reaction times and higher yields. Microwave chemistry, another competing technology, enables quick heating and efficient energy transfer in chemical reactions. While microwave chemistry offers the advantage of speed, it is limited in its application to particular types of reactions and may not provide the same level of control and selectivity as flow chemistry.
Opportunities: Increasing flow chemistry demand in biodiesel manufacturing
The Increased demand for chemicals forms numerous end-use applications boosts new capital investment in the chemical industry. The production capacity of chemicals is anticipated to rise because of the setting up of new chemical facilities. The production capacity of chemicals is anticipated to rise because of the setting up of new chemicals facilities. The significant reasons encouraging the growth of the chemical industry in various economies across the globe include supportive government initiatives and investments, stringent environmental regulations, high fragmentation in the industry, and the growing importance of specialty chemicals. Major players in the chemical industry are continuously engaged in expanding their production facilities to meet the increasing demand for chemicals across various applications. The chemical industry is a significant end-user of continuous flow chemistry flow technology as multiple sectors such as fertilizer and food & beverage require bulk chemicals. Flow chemistry makes bulk processing economical and easy, due to which various chemical manufacturers adopt this technology across the globe.
Challenges: Limited availability and catalysts
A challenge for the market for flow chemistry might undoubtedly be the limited supply of reagents and catalysts. Compared to batch processing, flow chemistry has many benefits, including increased safety, efficiency, and scalability. This field of chemical synthesis is currently seeing tremendous growth. The availability of dependable and top-notch reagents and catalysts is essential for the success of flow chemistry, nevertheless. The flow chemistry industry has been significantly disrupted recently as a result of numerous instances of reagent and catalyst shortages. The global supply chain for chemicals and laboratory supplies, such as reagents and catalysts, was affected by the COVID-19 pandemic in 2020, for instance. Critical reagents and catalysts became scarce as a result, slowing or stopping research initiatives and manufacturing procedures that depend on flow chemistry.
Flow Chemistry Market Ecosystem
Prominent companies in this market include well-established, financially stable manufacturers of lignosulfonates. These companies have been operating in the market for several years and possess a diversified product portfolio and strong global sales and marketing networks. Prominent companies in this market include Thermo Fisher Scientific Inc (US), Corning Incorporated (US), Lonza (Switzerland), PerkinElmer Inc (US), Biotage (Sweden), Milestone Srl(Italy), Velocys plc (UK) , THALESNANO INC (Hungary) , CEM Corporation (US) , Parr Instrument Company (US).
The Tabular reactor segment, by reactor, is expected to be the largest market during the forecast period
Based on the reactor, tubular reactor, microreactor, oscillatory flow reactor, packed-bed reactor, droplet-based reactor, photochemical reactor, and others. Globally, tubular reactors dominated the Flow chemistry market. Tubular reactor chemistry is projected to reach USD 0.4 billion by 2028 from USD 0.7 billion in 2023 and is expected to register a CAGR of 10.4% during the forecast period. They are commonly used in various industries, including pharmaceuticals, chemicals, petrochemicals, and specialty chemicals. Tabular reactors are suitable for a wide array of reactions, such as hydrogenation, oxidation, nitration, and polymerization. Furthermore, tabular reactors are easily scalable from lab-scale to commercial production.
Based on application, the chemical synthesis segment accounts for the largest share of the overall market.
Based on application, The majority of the market share for flow chemistry is held by the chemical synthesis, chemical synthesis, pharmaceutical synthesis, material science, agrochemical syntheis, energy conversion, and others are all essential segments. Polymer is a common material for Flow chemistry due to its durability, low cost, and ease of installation. The primary reason for the dominance of chemical synthesis in the flow chemistry industry is the extensive demand for efficient and scalable manufacturing processes. Flow chemistry offers precise control over reaction parameters, enhanced mixing, and improved heat transfer, resulting in higher yields, improved selectivity, and better overall process efficiency. These benefits are particularly valuable in chemical synthesis, where the production of complex compounds requires careful control of reaction conditions and optimized process parameters.
Asia Pacific is expected to account for the largest share of the global market during the forecast period.
Based on the region, Asia Pacific region is experiencing the largest market share in the flow chemistry market due to the region has been witnessing significant economic growth and industrial development in countries such as China, India, Japan, South Korea, and Singapore. Asia Pacific region is home to a large number of pharmaceutical, chemical, and petrochemical companies, which are major consumers of flow chemistry systems.
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Flow Chemistry Market Players
The Flow chemistry market is dominated by a few major players that have a wide regional presence. The key players in the Flow chemistry market are Thermo Fisher Scientific Inc (US), Corning Incorporated (US), Lonza (Switzerland), PerkinElmer Inc (US), Biotage (Sweden), Milestone Srl(Italy), Velocys plc (UK) , THALESNANO INC (Hungary) , CEM Corporation (US) , Parr Instrument Company (US). In the last few years, the companies have adopted growth strategies such as acquisitions, new product launch, partnership, contract, and agreement to capture a larger share of the Flow chemistry market.
Flow Chemistry Market Report Scope
Report Metric |
Details |
Market Size Value in 2023 |
USD 1.7 billion |
Revenue Forecast in 2028 |
USD 2.9 billion |
CAGR |
10.4% |
Years considered for the study |
2019-2028 |
Base Year |
2022 |
Forecast period |
2023–2028 |
Units considered |
Value (USD Million/Billion) |
Segments |
Reactor,Purification Method, Application, and Region |
Regions |
Asia Pacific, North America, Europe, Middle East & Africa, and South America |
Companies |
Thermo Fisher Scientific Inc (US), Corning Incorporated (US), Lonza (Switzerland), PerkinElmer Inc (US), Biotage (Sweden), Milestone Srl(Italy), Velocys plc (UK) , THALESNANO INC (Hungary) , CEM Corporation (US) , Parr Instrument Company (US) |
This report categorizes the global flow chemistry market based on reactor, purification method, application, and region.
Based on By Reactor, the flow chemistry market has been segmented as follows:
- Tabular Reactor
- Microreactor
- Oscillatory Flow Reactor
- Packed-Bed Reactors
- Droplet-Based Reactor
- Photochemical Reactors
- Others
Based on By Purification Method, the flow chemistry market has been segmented as follows:
- Chromatography
- Crystallization
- Distillation
- Liquid-Liquid Extraction
- Membrane Filtration
- Others
Based on Application, the flow chemistry market has been segmented as follows:
- Chemical Synthesis
- Pharmaceutical Synthesis
- Material Science
- Agrochemical Syntheis
- Energy Conversion
- Others
Based on the Region, the flow chemistry market has been segmented as follows:
- North America
- Asia Pacific
- Europe
- Middle East & Africa
- South America
Recent Developments
- In May 2021 Lonza (Switzerland), has partnered with Codexis (USA) , a prominent enzyme engineering business, to develop and commercialize flow chemistry-based enzymatic methods for synthesizing a partnership with Codexis, a prominent enzyme engineering business, to develop and commercialize flow chemistry-based enzymatic methods for the synthesis of pharmaceutical intermediates and APIs..
- In March 2021 Thermo Fisher Scientific (US) announced the acquisition of Qiagen N.V.,(Netherland) a major provider of sample and assay technology for molecular diagnostics, application testing, and academic research. The acquisition will strengthen Thermo Fisher Scientific's position in the fast-expanding molecular diagnostics sector.
- In August 2021 Lonza (Switzerland) announced the acquisition of Parchem Fine & speciality Chemicals (USA), a top provider of speciality chemicals and specialized production services. The purchase is a part of Lonza's plan to broaden its selection of specialty chemicals and use its knowledge of flow chemistry technology to offer its clients more effective and environmentally friendly options.
- In October 2020, PerkinElmer (US) agreed to supply automation solutions for the research and manufacture of small molecules and biotherapeutics, including flow chemistry, to the UK-based Medicines Manufacturing Innovation Centre (UK).
Frequently Asked Questions (FAQ):
What is the current size of the Flow chemistry market?
The current market size of the global Flow chemistry market is 1.7 Billion in 2023.
What are the major drivers for the Flow chemistry market?
Rapid growth in the global pharmaceutical Industry, Increasing demand for greener and sustainable chemical production.
Which is the fastest-growing region during the forecasted period in the Flow chemistry market?
North America is expected to be the fastest-growing region for the global Flow chemistry market between 2023–2028. North America also has a well-established regulatory framework that supports innovation and the adoption of new technologies in the pharmaceutical and chemical industries.
Which is the fastest-growing segment, by reactor during the forecasted period in the Flow chemistry market?
By reactor, the Flow chemistry market has been segmented into the microreactor segment and is anticipated to be the fastest-growing flow chemistry segment by reactor during the forecast period.
Which is the fastest growing segment by purification method during the forecasted period in the Flow chemistry market?
By purification method, the crystallization segment is anticipated to be the fastest growing in the flow chemistry market. .
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The study involved four major activities in estimating the market size of the Flow chemistry market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases, investor presentations of companies, white papers, certified publications, trade directories, certified publications, articles from recognized authors, gold standard and silver standard websites, and databases.
Secondary research has been used to obtain key information about the value chain of the industry, monetary chain of the market, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, and regional markets. It was also used to obtain information about the key developments from a market-oriented perspective.
Primary Research
The flow chemistry market comprises several stakeholders in the value chain, which include raw material suppliers, manufacturers, and end users. Various primary sources from the supply and demand sides of the flow chemistry market have been interviewed to obtain qualitative and quantitative information. The primary interviewees from the demand side include key opinion leaders in end-use sectors. The primary sources from the supply side include manufacturers, associations, and institutions involved in the flow chemistry industry.
Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to flow chemistry by reactor, purification method , applications, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of flow chemistry and future outlook of their business which will affect the overall market.
The breakdown of profiles of the primary interviewees is illustrated in the figure below:
To know about the assumptions considered for the study, download the pdf brochure
Company Name |
Designation |
Thermo Fisher Scientific Inc (US) |
Regional Head |
Corning Incorporated (US) |
Sales Manager |
Lonza (Switzerland) |
Director |
PerkinElmer Inc (US) |
Marketing Manager |
Biotage (Sweden) |
R&D Manager |
Market Size Estimation
The top-down and bottom-up approaches have been used to estimate and validate the size of the Flow chemistry market.
- The key players in the industry have been identified through extensive secondary research.
- The supply chain of the industry has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
- The research includes the study of reports, reviews, and newsletters of the key market players, along with extensive interviews for opinions with leaders such as directors and marketing executives.
Flow Chemistry Market: Bottum-Up Approach
Note: All the shares are based on the global market size.
Source: Secondary Research, Interviews with Experts, and MarketsandMarkets Analysis
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Flow Chemistry Market: Top-Down Approach
Data Triangulation
After arriving at the total market size from the estimation process explained above, the overall market has been split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated by using both the top-down and bottom-up approaches and primary interviews. Hence, for every data segment, there have been three sources—top-down approach, bottom-up approach, and expert interviews. The data was assumed correct when the values arrived from the three sources matched.
Market Definition
The fflow chemistry industry refers to the industry and market segment related to the utilization and commercialization of flow chemistry technology. Flow chemistry, also known as continuous flow chemistry or plug flow chemistry, is a chemical manufacturing process that involves the continuous flow of reactants through a reactor system. It is segmented into the by rector, purification method, application and region.
Key Stakeholders
- Senior Management
- End User
- Finance/Procurement Department
- R&D Department
Report Objectives
- To define and describe the flow chemistry market based on reactor, purification method and application, in terms of value.
- To provide detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To estimate the market size in terms of value.
- To strategically analyze micromarkets1 with respect to individual growth trends, future expansions, and their contributions to the overall Flow chemistry market.
- To provide post-pandemic estimation for the Flow chemistry market and analyze the impact of the pandemic on market growth.
- To analyze market opportunities for stakeholders and the competitive landscape for market leaders.
- To forecast the growth of the Flow chemistry market with respect to five key regions: North America, Europe, Asia Pacific, South America, and the Middle East & Africa, along with their key countries.
- To strategically profile the key players and comprehensively analyze their core competencies2.
- To analyze competitive developments, such as investments & expansions, mergers & acquisitions, product launches, contracts & agreements, and joint ventures & collaborations in the Flow chemistry market
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country or additional application
Company Information
- Detailed analysis and profiles of additional market players
Growth opportunities and latent adjacency in Flow Chemistry Market