Besides all facts, this market has enormous potential in Biodiesel, Fuels, Food, Beverage and Other Industries. In addition to that, it has a huge market in Middle East, especially in chemical and petrochemical industry.
Flow Chemistry Market Analysis by Product Types
By the product type, flow chemistry market is segmented into Plug Flow Reactors (PFR), Micro Reactor systems (MRT),), Microwave systems and Continuous Stirred Tank Reactors (CSTR. The market for MRT systems is driven by the fact that, it has a lot of energy saving potential and is safe in operation, as reactions takes place within the micro channels, which is comparatively lesser in other type of reactors.
Flow Chemistry Market Analysis by Application
Based on the application, the Flow chemistry market is segmented into Chemicals, Pharmaceuticals, Petro Chemicals, Bio fuels, Perfume & Fragrance Industries, Academia research and laboratories. Flow Chemistry becomes an important tool for new drug development in Pharmaceuticals.
Flow Chemistry Market Analysis by Geography:
Based on geography, the flow chemistry market is segmented into North America, Europe, Asia- Pacific and rest of the world. Europe is the largest market for almost all reactors, except for microwave systems; however, U.S. is the largest buyer of microwave systems due to ongoing lab scale projects. Asia Pacific region is the upcoming market for continuous flow reactors due to the infrastructural opportunities present in the region. Flow chemistry is primarily used in chemical and pharmaceutical industries due its wide area of applications.
The major players dominating this market are Syrris, Little Things Factory, ThalesNano, IMM, Chemtrix, DSM, AM Tech U.K, Uniqsis, Future Chemistry, Lonza, YMC, etc. Syrris has launched ‘Asia Tube Cooler’, the latest addition to the Company’s range of advanced flow chemistry products. Product launch is one of the important strategies adopted by the companies to increases their market share.
High level Analysis:
This study is an overall view on global flow market analysis, which is growing rapidly due to the rising demand for sustainable equipment. In addition to that, this process is energy saving, safe and flexible. The major concern for this market growth is its high production cost. However, this analysis is emphasizing more towards its usages in all growing sectors such as biodiesel, fuels, food, and beverage, chemical and petrochemical industry. This study presents an in-depth intelligence of key patents granted and also emphasizes on key intermediaries involved in flow chemistry market through value chain analysis. Porter’s five force model helps to understand bargaining power of suppliers, buyers, and competitive rivalry in an
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