Global Flow Chemistry Market Size is projected to reach USD 3.8 Billion by 2031 | CAGR: 11.2%.
The global flow chemistry market was valued at USD 1.7 billion in 2022 and is expected to grow to USD 3.8 billion by 2031, at a compound annual growth rate (CAGR) of 11.2% from 2023 to 2031. The flow chemistry market is poised for rapid growth in the near future. This growth is attributed to the rising demand for specialty chemicals to enhance the efficiency and eco-friendliness of chemical synthesis processes. Moreover, the need for sustainable manufacturing techniques, increased adoption of flow chemistry by the chemical and pharmaceutical sectors, and growing demand for microreactor technology are driving revenue growth in the market. Furthermore, regulations aimed at reducing environmental pollution and the emphasis on sustainable production methods are expected to propel market growth.
As per the National Science Foundation, flow chemistry is projected to contribute to approximately 20% of chemical reactions in the United States. The same report indicates that the pharmaceutical sector accounted for the largest share of market revenue in 2019, with over 33% of revenues originating from this segment.
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