The Flow Chemistry Market is expected to grow at > 10.5% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Flow Chemistry Market
Flow Chemistry Market is likely to witness an impressive CAGR of 10.5% during the forecast period. The major factors, such as growing demand from chemical industry, rising petrochemical demand across the globe, and growing pharmaceutical industry are expected to boost the growth of the market during the forecast period.
North America is estimated to be the fastest-growing market during the forecast period owing to the growing chemical industry, ruled by fertilizers and basic chemical manufacturers in the regional market. On the other hand, Asia-Pacific is also estimated to witness significant growth rate in the market with India and Indonesia being the major countries with rising pharmaceutical industry over the forecast period. Europe is also expected to offer substantial growth opportunities during the forecast period.
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Market Scope & Market Segmentation
Flow Chemistry Market Share: By Reactor Type
Based on the reactor type, the market is segmented as microreactor system, CSTR, plug flow reactor, mesoreactor, and others. CSTR is estimated to be the dominating segment of the market during the forecast period on account of being the most utilized flow reactor as it is utilized in various industries and is the most preferable reactor type, boosting the overall industry growth over the forecast period.
Flow Chemistry Market Share: By End-User Type
Based on the end-user type, the market is segmented as pharmaceutical, chemical, academic & industrial research, petrochemical, and others. Chemical is estimated to be the emerging segment of the market during the forecast period on account of increasing applications of various technologies in bulk chemicals. Factors such as growing production of bulk chemicals and many industries depending on flow chemistry for producing bulk chemical are expected to accelerate the industry growth during the forecast period.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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