Flow chemistry market is expected to observe a lucrative expansion due to its better product quality and easy scalability. The sustainable manufacturing of the products owing to shorter process time, reproducibility, less energy consumption, and cost-effectiveness will also drive the market growth.
Propelled by the growing preference for eco-friendly processes, flow chemistry is playing a crucial role in chemical processes development, pharmaceutical manufacturing, and drug discovery. These areas are touted to emerge as a promising avenue for this business space over the foreseeable future.
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Over the years, the issue of harmful toxic gases has been a major concern across the chemical industry. To curb the toxic emissions, the adoption of flow chemical processes with better control and reproducibility, in which heating and mixing time are controlled, will provide better reaction productivity.
Not to mention, the rapid technological advancements, new mergers and collaborations, and product launches coupled with the upgradation of existing processes and facilities will further accelerate the flow chemistry market growth over the projected timeframe.
In a recent development, Almac Sciences, a member of Almac Group, declared an investment of $459,000 in the continuous flow chemistry equipment to drive the expansion of its $7 million R&D center for flow chemistry, peptide, and biocatalysis technologies.
Growing opportunities across the flow chemistry industry would enable the marketplace to churn out considerable profits in the coming years.
As recent study by Global Market Insights Inc., flow chemistry industry share will reach USD 2.77 billion by 2027.
Pharmaceutical industry to emerge as a leading application area
The pharmaceutical sector has been leading the way in the use of flow chemistry technology for over a while now. Reason? The ongoing R&D activities and production of new drugs. This can be highlighted by multiple recent technological advancements in flow chemistry driving its application in the pharmaceutical sector.
From a synthetic viewpoint, highly automated flow synthesis platforms have been set up with broad applicability throughout the pharmaceutical industry, ranging from self-optimizing synthetic routes to progressing medicinal chemistry programs. Moreover, the ability to augment the manufacturing rate at lower costs will also drive the flow chemistry industry growth.
Pharma companies are also taking up initiatives and investments to conduct research in flow chemistry. In November 2021, Sterling Pharma Solutions completed the first phase of investment at its site in Dudley, United Kingdom, to create the firm’s center of excellence for research into commercial applications of continuous flow chemistry.
Asia Pacific to emerge as a potential market
Asia pacific flow chemistry market will observe a boom owing to the shift of manufacturing industries in countries like Japan, China, and India to expand their production in the pharmaceutical and chemical sectors.
Furthermore, the increase in partnerships and research projects will have a positive impact on the regional market growth over the forecast period.
Recently, initiatives are being taken by the government to expand the application of flow chemistry in the pharmaceuticals industry. Speaking of which, the Government of Telangana, India, in 2021, announced setting up a multi-industry backed technology and innovation hub for flow chemistry techniques in pharma research and development. The initiative is also expected to propel the adoption of continuous synthesis for manufacturing of active pharma ingredients (APIs).
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Overall, the thriving pharmaceutical industry worldwide is offering new growth prospects for the global flow chemistry market, which is estimated to garner positive returns over the stipulated time span.
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