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The global flow chemistry market is forecast to be worth US$1,216.11 Million by 2018. The flow chemistry market is estimated to grow at a CAGR of 9.4% till 2018 to reach $1,216.11 million. The major devices discussed in the report are CSTR, PFR, MRT and Microwave systems. MRT systems are the top most growing type of flow reactors in comparison with others.
The margin shrinkage, stringent regulations, cGMP rules and environmental considerations has lead the players in chemicals & pharmaceuticals industry to divert their attention to continuous flow reactors like micro reactors. Many companies have already implemented the technology and started actual production through these efficient devices. MRT systems can be scaled up thus shortening time to market. Whereas batch processes must often be altered considerably in the transfer to large-scale production, micro reactor processes can proceed largely unmodified. Instead, they can be run using multiple micro reactors in parallel, a practise called "numbering up."
With the chemicals and pharmaceuticals industry growing at healthy rates globally along with recovering European countries from crisis, the market for these continuous devices will witness a significant growth in the coming years. Various companies have already entered into collaborations, joint ventures to develop these energy efficient devices. The market for these devices was estimated at $709.5 million and expected to reach $1,216.1 million by 2018 growing at CAGR of 9.4%, with MRT systems growing the fastest.
The market for continuous flow reactors is driven by sustainable production techniques laws (cGMP) and other environmental issues related to chemicals processing. Continuous flow reactors consume less energy as compared to traditional batch reactors. These reactors find wide applications in pharmaceuticals and chemicals processing. A lot of opportunities are found in other industries which include petro chemicals, nano particles production, flavor and fragrance manufacturing etc.
At present about 90% of the total continuous flow reactors market is captured by PFR and CSTR applications, but the MRT systems have the ability to compete with these reactors as technology further advances.
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