Flow Chemistry Market estimated to expand at a significant growth at USD 3.75 billion by 2030
Flow Chemistry Industry Overview The global flow chemistry market size was valued at USD 1.46 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.2% from 2022 to 2030. Increasing awareness surrounding sustainable development and the growing pharmaceutical and chemical industries are some of the key factors fueling the industry growth. The COVID-19 pandemic resulted in an oil price collapse leading to a narrowing of feedstock cost advantage for chemical companies. This resulted in a decrease in the demand for reactors in the chemical industry, which generates a major part of the revenue for the industry. Moreover, these effects were felt by the petrochemical and pharmaceutical industries, thus negatively impacting the market growth. Gather more insights about the market drivers, restrains and growth of the Global Flow Chemistry Market The pandemic exposed the pharmaceutical supply chain in the U.S. leading to many companies setting up manufac...