WASHINGTON, April 13, 2023 (GLOBE NEWSWIRE) — The Global Flow Chemistry Market is valued at USD 2.3 Billion in 2022 and is projected to reach a value of USD 3.71 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 7.1% over the forecast period 2023-2030.
The speedy growth rate of the Flow Chemistry market is mostly due to factors like the expansion of the petrochemical and the widespread of microreactors in the pharmaceutical sector. The various advantageous qualities of these reactors, such as their compactness and ability to provide secure processibility for highly hazardous and toxic reactions, will also have a direct and positive influence on the rate of expansion of the Flow Chemistry market.
We forecast that the CSTRF sales will account for more than 58% of total sales by 2030. Increasing application, straightforward design, efficient temperature management, low cost, and adaptability to two-phase runs drive the segment’s growth. Moreover, CSTR’s growing use in water and wastewater applications will likely spur business expansion.
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Growing Use in Water and Wastewater Treatment to boost Flow Chemistry Market Growth
Flow Chemistry has advanced significantly from a straightforward laboratory procedure to a more intricate, multi-step process in recent years. Continuous flow technology is now mostly used by the chemical industry. New paths in reaction chemistry are expanding the molecular toolset. Examples of next-generation engineering concepts that have come to fruition and enabled exceptional interprofessional research include machine intelligence and sustainable manufacturing. Technology advances and new trends have given participants significant opportunities in the Flow Chemistry market. These developments can launch new fields of study. Traditional chemistry…