Microreactor Technology Market Analysis and Demand with Future Forecast to 2028 | AM Technology, Microinnova Engineering GmbH, Vapourtec Ltd, Thaletec GmbH, Ehrfeld Mikrotechnik BTS
Micro Reactor Technology (MRT) is predominantly used in the processes such as chemical synthesis, material synthesis, and process analysis in order to provide a higher surface to volume ratio that can deliver higher stability, efficient heat transfer, and low risk for the explosive and hazardous reactions in a chemical process.
Microreactors
offer a number of advantages over conventional scale reactors, including vast
improvements in energy efficiency, reaction speed, and yield, safety,
reliability, scalability, on-site/on-demand production. These advantages are
primarily driving the growth of the Micro Reactor Technology Market on the
global platform.
Acknowledging
the kind of traction gained by this market, Market Research Future (MRFR)
recently published a study report. According to MRFR, continuing with the same
trends, the global Micro Reactor Technology market is projected to demonstrate
significant growth, valuing at USD 108,927.1 million by 2022 registering 19.05%
CAGR during the review period of 2016-2022.
Sample link - https://www.marketresearchfuture.com/sample_request/1128
Factors
such as increasing demand for 3D printed micro reactor owing to its
cost-competitiveness and high designing capability is augmenting the demand for
Micro Reactor Technology and eventually is driving its market growth.
Burgeoning Nano pharmaceutics market is fostering the market growth, driving
MRT application in the pharmaceuticals industry.
On the
other hand, factors such as increasing regulations and rising safety concerns
in the chemical industry are restricting the market growth to an extent. Also,
the factors such as; clogging, scaling up of vessels and corrosion are
inhibiting the growth of this market.
Global Micro Reactor
Technology Market - Segments
The global MRT Market can be segmented into four
key dynamics for the convenience of the report and enhanced understanding;
By Types : Comprises
Disposable and Reusable.
By Applications : Chemical Synthesis, Polymer Synthesis,
Process Analysis, and Material Analysis among others.
By End-Users : Specialty
Chemicals, Pharmaceuticals, and Commodity Chemicals among others.
By Regions : North America, Europe, APAC
and Rest-of-the-World (RoW).
The Disposable type segment accounted for the
largest market share in 2015.
Whereas the Chemical Synthesis segment emerged as
the leading application segment.
The Specialty Chemicals segment, on the basis of end-users,
accounted for the largest market share in 2015.
While, the Specialty Chemical segment continues to
remain at the top position in term of consumptions.
Micro Reactor
Technology Market - Regional
Landscape
The North America region accounted for the
dominating market for Micro Reactor Technology with the largest as in 38% of
the market share and is further expected to grow at a significant CAGR
throughout the forecast period.
Owing to the growing pharmaceutical sector in the
country, the US market witnesses the largest consumer base for the Micro
Reactor Technology. Post to the
recovering from the recession; companies are focusing more on profits by
reducing material composites of high prices, which in turn, has boosted the
Micro Reactor Technology market growth in the US.
Globally, Europe accounted for the second-largest
market, owning 30% of the global market share. Factors such as the growing
applications of the technology in the Chemicals manufacturing, predominantly
drive the regional market growth. Owing to the major growth contributor
countries such as Germany, UK, and Russia, Europe region is expected to
register a phenomenal CAGR over the forecast period.
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The Asia Pacific Micro Reactor Technology market
has emerged as one of the lucrative markets, growing rapidly. In 2015, the
market captured almost 21% of the total market share. The burgeoning
pharmaceutical sector is substantiating the market growth in the various
regions of APAC.
Besides the factors such as the presence of a
number of vendors providing the technology coupled with the availability of
cost-comprehensive labor-force substantiate the regional market growth. Owing
to the surging demand for Micro Reactor Technology backed by the ever-increasing
investments in the pharmaceutical sector, some of the APAC countries such as
India, China, and Japan are accounting for the major growth contributors to the
market in the region.
Micro
Reactor Technology Market – Competitive Landscape
The market is fairly stable as far as the eye can see but
soon will face fierce competition.
Microreactor technology market exhibits the immense growth potential
hence new entrants are eager to join the team however well-established Key
players are posing as a challenge. Like any other market well-established
players incorporate acquisition, collaboration, partnership, expansion, product
& technology launch to gain the competitive advantage in this market and to
maintain their market position.
Key Players:
Some
of the leaders driving the Global Micro Reactor Technology Market include Little
Things Factory, AM Technology, Microinnova Engineering GmbH, Vapourtec Ltd,
Thaletec GmbH, Ehrfeld Mikrotechnik BTS, Chemtrix Ltd and Uniqsis Ltd. Profiling
them in its analysis MRFR finds out their strategies placing them at the
forefront of completion.
Industry/Innovation/Related News:
June 07, 2018 – Westinghouse
Electric Company (US) announced the receiving of the funding of USD 5 million
from the U.S. Department of Energy’s (DOE’s) Advanced Research Projects
Agency-Energy (ARPA-E) for the development of a self-regulating solid core
block (SCB) that employs solid materials instead of bulk liquid flow or moving
parts, inherently self-regulating the
reaction rate in a nuclear reactor. The development of the SCB is a key
component of company’s eVinci TM microreactor concept, a next-generation, the
micro modular reactor for decentralized generation markets.
January 15, 2018 – Anton Paar GmbH
(Austria) a company involved in development, production, and sales of
analytical instruments for laboratories and process analytical technology
announced the development (Printing) of a micro-flow-reactor that could
simplify the chemical synthesis dramatically. The device, made of steel via
direct laser metal sintering is developed within an international research
project called “CC Flo” which is the starting point for tailor-made
microreactors from the company.
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