Flow Chemistry Market
REPORT DESCRIPTION
Flow Chemistry Market - Global Industry Analysis , Size , Share , Growth , Trends and Forecast 2014 – 2020
Transparency Market Research has published a new report titled “ Flow Chemistry Market - Global Industry Analysis , Size , Share , Growth , Trends and Forecast , 2014 - 2020 .” According to the report , the Global Flow Chemistry Market was valued at US $ 808.6 Mn in 2013 and is projected to reach US $ 1,526.3 Mn in 2020 , expanding at a CAGR of 9.5 % between 2014 and 2020 .
The market for flow chemistry is primarily driven by factors such as increasing need to lower operating costs and adoption of sustainable technologies by chemical and pharmaceutical manufacturers . Flow chemistry offers various advantages over traditional batch processes . These include significant savings in energy usage , high scalability and continuous processing with high reactor throughput and superior heat and mass transfer . Flow chemistry also offers eco-friendly , low emission and a safe production process , thereby supporting green manufacturing .
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Continuous stirred tank reactor ( CSTR ) dominated the flow chemistry market in 2013 . However , microreactor systems is anticipated to be the fastest growing segment during the forecast period . Chemical was the largest end-user segment in the flow chemistry market in 2013 . Pharmaceutical is estimated to be the most lucrative end-user for flow chemistry in the next few years . However , scalingup issues coupled with the need to conform to governmental regulations in the pharmaceutical industry are likely to hamper market growth in the near future .
Continuous stirred tank reactor accounted for over 40 % of the global flow chemistry market in 2013 . Plug flow reactor followed continuous stirred tank reactor . However , microreactor systems is expected to be the fastest growing product segment in the flow chemistry market during the forecast period .
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