FLOW CHEMISTRY MARKET ANALYSIS

Market Challenges And Opportunities

Drivers

• Low emissions associated with the production process of flow chemistry

Low emissions and safety-profiled production process of flow chemistry is primarily fueling the market growth. The growing need for more sustainable and eco-friendly production processes is also contributing to the market growth of flow chemistry. Moreover, flow chemistry reduces the waste generated in chemicals reaction during the manufacturing process, thus addressing both environmental and safety issues. For instance, in June 2021, Syrris Ltd, the Asia Flow Chemistry System, a new flow chemistry system, was introduced by a unit of the Black trace Holdings Group. The wide variety of chemical reactions in this system, including gas-liquid, liquid-liquid, and solid-liquid reactions, make it ideal for chemical synthesis. For ease of use and increased productivity, the system also has automation and remote control features.

• Expansion of the chemical industry

Expansion of the chemical industry due to the increasing production and consumption of chemicals around the globe is projected to augment the market growth of flow chemistry. 

Market Restraints

• Limited adoption of this technology across developing regions.

The high cost of the R&D spending requirement and the high cost of Micro Reactor systems (MRT) is expected to restrict the adoption of such system. This factor is expected to hamper the market growth of flow chemistry. Limited adoption of this technology across developing regions is projected to hamper market growth. These systems are used in less number of companies.

Market Opportunities

Increasing demand for flow chemistry in the production of biodiesel

• The growing use of flow chemistry in the production of nanoparticles, bio-fuels, and bulk chemicals is projected to provide potential opportunities in the near future. They are widely used in the continuous production of nanostructures, which are used in bio-chemical sensing, photovoltaic, and displays. Thus, emerging such application of flow chemistry in nanoparticles and bulk chemicals is projected to foster the market growth of flow chemistry.
• Flow chemistry technology has huge potential opportunities in the Middle East for chemicals and the petrochemical industry. Flow chemistry is increasingly gaining adoption across the petroleum industry. The strong presence of the petrochemical industry in the Middle East region due to increasing investment by the government is projected to boost the demand for flow chemicals. Also, the expansion of the chemical industry in the region is further augmenting the market growth of flow chemistry.