Microreactor Technology Market 2022-2030 based on Key Players AM Technology, Thaletec GmbH, Microinnova Engineering GmbH, Vapourtec Ltd
Overview:
The microreactor technology market is
cruising ahead as the utility of microreactors is gaining precedence in the
chemical industry. Microreactor, also known as microstructured
reactor or microchannel reactor, where chemical reactions happen in a
lateral channel below 1mm and confinement. A part of microprocessor engineering, microreactors acts
like a continuous flow reactor and improve energy efficiency and reaction
speed of the test. The reactor is safe and reliable, and its scalability,
ability to produce on-demand, and skill to deliver better process control. The
global microreactor technology market can witness a significant rise in valuation during the forecast period (2016-2022). From USD 32,456 million in
2015 to an impressive USD 1,08,927.1 million by 2022, the microreactor technology
market’s valuation can grow with a 19.05% CAGR over the review period. Market
Research Future (MRFR) in their recently published article on the market
included segmental analysis, impacting
drivers, and updates of the notable competitors for better evaluation and prediction.
Microreactor’s ability to remove heat is
better than the conventional vessels which increase
the chances of nitration has gained popularity in the chemical industry. In addition, its ability to run without stop
results in different concentration level which for many reactions is a boon. At
the same time, pressurization can be handled
in the microreactors better than any other format which is gaining prominence.
Nano-pharmaceuticals are also providing much traction for the microreactor
technology market growth. Microreactors are affordable that is also creating
much scope for the microreactor technology market expansion.
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Competitive
Analysis:
Notable players profiled in the MRFR report
on the global microreactor technology market are Little Things Factory, AM
Technology, Thaletec GmbH, Microinnova Engineering GmbH, Vapourtec Ltd, Uniqsis
Ltd, Ehrfeld Mikrotechnik BTS, Chemtrix Ltd, and
others.
In 2018, the U.S. government passed a law
called the National Defense Authorization Act, where the Department of Energy
has been asked to develop a full-scale report on the deployment of
microreactors in defense. This is a good
sign for the microreactor technology market as it would increase the
percolation of the technology into the defense sector more.
Segmentation:
Based on the report published by MRFR, the
global microreactor technology market can be segmented by types, applications and end users for a detailed
understanding.
On the basis of the type, the microreactor
technology market can be segmented
into disposable and reusable. The reusable microreactor technology segment is
expecting robust growth as the cost can be curbed substantially using this
method. Disposable segment held the
maximum market share in 2015 and is expected
to project 18.96% CAGR during the forecast period to exceed a valuation of USD
23,043.8 million.
Based on the applications, the microreactor
technology market can be segmented
into chemical synthesis, polymer synthesis, process analysis, material analysis,
and others. Chemical synthesis is driving
the market ahead with substantial market
hold.
Based on the end-users, the microreactor
technology market can be segmented into specialty
chemicals, pharmaceuticals, commodity chemicals, and others. Nano technology
is gaining more from such reactors owing to which pharmaceuticals segment can
grow significantly. Specialty chemicals segment
is the current market leader.
Regional Analysis:
Region-specific microreactor technology
market analysis as per the MRFR report encompasses North America, Europe, Asia
Pacific (APAC), Latin America, and Middle East & Africa (MEA).
North America has control over 38% of the global market. The region is a pro when it
comes to research and development. Hence, various laboratories and institutes
have created a huge demand for
microreactor technology. At the same time, with its increasing popularity in
the pharmaceutical sector, various drug
companies are incorporating the technology for better results.
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Europe has almost 30% of the market share.
The regional infrastructure for the experiment
is quite high which provides the market with ample expansion opportunity.
Government initiatives in the sector are
also commendable.
The APAC market comes third and owns almost
21% of the global market. The region is witnessing substantial boom from the technological sector, and revamping industries are also favoring the product in countries
such as India, China, Japan, and South Korea.
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