(MENAFNEditorial) iCrowdNewswire - Sep 19, 2018
Industry Outlook and Trend Analysis
The Flow Chemistry Market was worth USD 0.87 billion in 2014 and is expected to reach approximately USD 2.01 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 9.68% during the forecast period. Expanding infiltration of technology in the pharmaceuticals segment is anticipated to be the real driving component over the gauge time frame. It is considered as green technology because of its environment-friendly nature and outstanding properties compared to the batch production processes. High safety level offered by the technology while performing gas-based responses is foreseen to increase the demand over the estimate time frame. Furthermore, invaluable properties including reduced reaction steps, low maintenance, and controlled environment are expected to boost the market development.
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Reactor Outlook and Trend Analysis
CSTR reactors ruled the worldwide market with an income share of 44.0% in 2015. Compatibility of these reactors amid different reaction stages including fluid stage, gas-fluid stage, and strong fluid stage has prompted the high reception rate over the previous years. In addition, simple construction of these reactors is anticipated to impel its demand over the gauge time frame. Microreactors are anticipated to witness the speediest development over the figure time frame by virtue of quickly developing use in the pharmaceutical and fine chemicals industry.
Application Outlook and Trend Analysis
Chemicals represented the biggest share of the overall industry of 37.1% in the worldwide market in 2015. Developing application in fine chemicals and specialty chemicals because of expanding focus towards environmental regulations, safety, and cost-effectiveness is foreseen to drive the request over the figure time frame. Expanding focus on scaling up the generation procedure is anticipated to drive the request from chemical industry. It permits a lessening in the quantity of steps and reaction rate which is probably going to positively affect the market development.
Regional Outlook and Trend Analysis
North America was the biggest market, representing an income offer of 36.8%, in terms of income, in 2015. The presence of booming chemical manufacturing infrastructure combined with technological progressions is anticipated to increase the interest for flow technology in the locale. Moreover, expanding interest in petrochemical producing is anticipated to drive the request over the gauge time frame. Europe is one of the quickest developing regions and represented an income offer of 22.1% in 2016. The area has seen a quick increment in the interest for stream reactors from chemicals industry in the course of recent years.
Competitive Insights
The leading players in the market are AM Technology, CEM Corporation, Syrris Ltd, Ehrfeld Mikrotechnik, Milestone S.r.l, Chemtrix B.V, Biotage and FutureChemistry Holding BV. The competitive atmosphere in the market is driven by development in innovation for the usage of flow chemistry. The organizations have been putting intensely in R and D and creating instruments that upgrade the generation technique as well as enhance the yield of the product.
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The Flow Chemistry Market is segmented as follows-
By Reactor:
Chemicals
Academia & Research
Petrochemicals
Pharmaceuticals
Others
By Application:
Plug Flow Reactor
Microreactor
CSTR
Microwave System
Others
By Region:
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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