Micro reactor technology Market Trends | Global Market Size, Share and Growth An

Posted by Rishab Gupta on February 13th, 2020

Market Analysis

The Global Micro-Reactor Technology Market is predicted to touch USD 108928 Million at a 19.05% CAGR over the forecast period (2016-2022), states the latest Market Research Future (MRFR) report. Microreactors have proved in being highly beneficial in various applications such as pharmaceuticals, specialty chemicals, commodity chemicals, amid others. These devices provide enhanced mixing as well as heating capabilities in comparison to the batch process resulting in higher yields and improved product profiles.

The micro-reactor technology is generally a constant flow reactor that is a contrast to or with a batch reactor. It offers an array of perks over the conventional scale reactor such as finer level of process control, on-demand/on-site production, scalability, reliability, safety, yield and reaction speed, and huge improvements in energy efficiency. Besides, the use of this technology also provides extra perks with regards to operating expenses and capital investment.

Various factors are propelling the micro-reactor technology market growth. Some of these factors, according to the Market Research Future report, include growing demand for 3D printed micro-reactor chiefly for its high designing capability and affordability, growing demand in the pharmaceuticals industry, growing safety concerns in the chemical industry, and increasing regulations. The one-step reaction offered by micro-reactor technology helps in eliminating the risk related to waste products, thereby offering super-quality end products that are driving its use across various end use verticals to attain unparalleled productivity. This again is boosting the market growth.

Key Market Players

AM Technology, Little Things Factory, Microinnova Engineering GmbH, Thaletec GmbH, Vapourtec Ltd, Ehrfeld Mikrotechnik BTS, Uniqsis Ltd, Chemtrix Ltd and others.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/micro-reactor-technology-market-1128 

Market Synopsis of Global Micro Reactor Technology Market

Micro reactors are the small scale continuous flow reactors used for the chemical synthesis, material synthesis and process analysis. Micro reactors are used in order to provide higher surface to volume ratio for the chemical reactions. The higher surface to volume ratio delivers higher stability, efficient heat transfer, and low risk for the explosive and hazardous reactions.

The need for Micro Reactor Technology (MRT) is gradually rising owing to factors such as, increasing demand of 3-d printed micro reactor owing to its relative affordability and high designing capability, growing nano pharmaceutics market driving MRT application in pharmaceuticals industry, increasing regulations and rising safety concerns in chemical industry affecting the micro reactor technology market in a constructive manner among others.

According to MRFR analysis, the global micro reactor technology market was valued at USD 32,456 million in 2015 and is expected to reach USD 1,08,927.1 million by 2022 expanding with a CAGR of 19.05%.

Market Segmentation

The global micro reactor technology market has been segmented into types, applications and end users. Among types the market is segmented into disposable and reusable, whereas the applications have been segmented into chemical synthesis, polymer synthesis, process analysis, material analysis and others. End Users of the micro reactor technology are specialty chemicals, pharmaceuticals, commodity chemicals and others. Among the types, disposable has accounted the largest market share in 2015, whereas chemical synthesis has become the leading application segment. On the basis of end user, specialty chemicals accounted the largest market share in 2015.

Key Findings

Global micro reactor technology market is projected to reach USD 108,927.1 million by 2022 with 19.05% CAGR during review period of 2016-2022

North America accounted for largest share due to growing application industries in this region

Among types, disposable has acquired the market share of 71% in 2015 with the market value of USD 23,043.8 million growing at a CAGR of 18.96% till forecast period

Among applications, chemical synthesis emerged as the leading segment in global micro reactor technology market

Among end users, specialty chemicals remains on top in term of consumptions

The report for Global Micro Reactor Technology Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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Rishab Gupta

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Rishab Gupta
Joined: November 25th, 2019
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