The objective of this paper is to present a review of the field of reactions in supercritical fluids (SCF's). The high pressure phase behavior of mixtures in their critical region has a direct bearing on the understanding and interpretation of kinetic rate data, and, therefore, a discussion of high pressure phase behavior is presented. Mention is made of transition-state analysis as applied to SCF reaction studies. Further, the unusual partial molar volume behavior of a heavy solute solubilized in an SCF solvent Is described and related to the enhancement of the reaction rate near the critical point of the SCF. Several examples of experimental studies of reactions in SCF media are presented, and the advantages of an SCF reaction scheme as compared to a conventional reaction scheme are described. Finally, some observations are made based on our own experience as to the potential of this emerging technology.