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Market Synopsis of Global Micro Reactor Technology Market
Micro reactors are the continuous flow reactors of micro scale, which provide high surface area in small volume reactions. Such reactors provide added advantage of efficient and uniform heat transfer for the micro scale reactions. Micro reactors are fabricated using lightweight, non-reactive materials such as ceramics, glass and plastics. Owing to increasing application possibility, more innovative plastics are being used for the fabrication. The technology is used for chemical synthesis, polymer synthesis, process synthesis, and material analysis in various end use industries. The end use industries include high value low volume industries such as specialty chemicals, pharmaceuticals, commodity chemicals among others. Among these industries, specialty chemical and pharmaceutical industries are the major end use industries accounting for prominent market share in the overall market. Specialty chemicals owing to its high value low volume nature is the leading end use industry for micro reactor technology market, followed by pharmaceutical industry.
The global micro reactor technology market is estimated to be influenced by various factors which include bolstering growth of specialty chemicals market across the globe, consistent pharmaceutical industry growth in various regions. The global specialty chemical industry, leading end-use industry is estimated to be valued at USD 559.0 Bn in 2015. North America and China are the major specialty chemical producing regions accounting for cumulative share around 50% in the global specialty chemical industry. Thus, North America and China are the prominent markets for micro reactor technology. Moreover, Nano pharmaceutics entices application of micro reactor technology in pharmaceutical. Growth of the Nano-pharmaceutics industry will further boost the market growth. Apart from these factors, global micro reactor technology market is driven by increasing demand of 3-d printed micro reactor, increasing regulations and rising safety concerns in chemical industry. However, high coat and high time to market, and limited manufacturing capabilities are marginally hampering the market growth. According to MRFR analysis, the global micro reactor technology market was valued at is expected to reach USD 1,08,927.1 million by 2022 expanding with a CAGR of 19.05% over the forecast period.
Global Micro Reactor Technology Market Share (2015), By End Use
Among the various end use industries namely, specialty chemicals, pharmaceutical, commodity chemicals, specialty chemicals and pharmaceutical accounted for more than 75% in overall sales in 2015. Among these end use industries, specialty chemicals is estimated to be the leading end use industry, owing to its high value low volume nature. The segment is estimated to reach USD 64,257 million by 2022 end, expanding at a CAGR of 20.53% over the forecast period.
Market Segmentation
The global micro reactor technology market is segmented into types, applications and end use industries. Based on type, the market is segmented into disposable and reusable. Whereas based on application, market is segmented into chemical synthesis, polymer synthesis, process analysis, material analysis and others. On the basis of end use industry, the market is segmented as specialty chemicals, pharmaceuticals, commodity chemicals and others. Among these segments, specialty chemicals and pharmaceuticals are estimated to witness highest growth rates across all the regions.
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 owing to various factor such as increasing demand of 3-D printed micro reactors, growing Nano pharmaceutics market, and rising stringency if safety regulations in chemical industry. Among all the regions, North America accounted for the highest market share. This is attributed to the highest value share of the region in global specialty chemicals market in 2015. Moreover, the disposable type is observed to be the prominent type of micro reactors. In terms of volume, overall demand of disposable micro reactors in 2022 is anticipated to be pegged at 8.638 Mn units. In addition to this, specialty chemicals is anticipated to be the high value, high growth segment among all end use industries.
Key Market Players
The key players in global micro reactor technology market report include AM Technology, Little Things Factory, Microinnova Engineering GmbH, Thaletec GmbH, Vapourtec Ltd, Ehrfeld Mikrotechnik BTS, Uniqsis Ltd, Chemtrix Ltd and others.
Target Audience
• Micro reactor technology producers
• Traders and distributors
• Association and government bodies.
• Application industries
• Research institute
Geographical Analysis
The report covers brief analysis of geographical region such as:
• North America
o US
o Canada
• Europe
o Germany
o France
o Italy
o U.K.
o Rest of Europe
• APAC
o China
o India
o Japan
o Rest of Asia-Pacific
• Latin America
• Middle East & Africa
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.
DC Description
• Microreactor
• Flow Chemistry
• Chemical Reactor
• Glass Reactor
• Microreactor Design
Micro reactors are the continuous flow reactors of micro scale, which provide high surface area in small volume reactions. Such reactors provide added advantage of efficient and uniform heat transfer for the micro scale reactions. Micro reactors are fabricated using lightweight, non-reactive materials such as ceramics, glass and plastics. Owing to increasing application possibility, more innovative plastics are being used for the fabrication. The technology is used for chemical synthesis, polymer synthesis, process synthesis, and material analysis in various end use industries. The end use industries include high value low volume industries such as specialty chemicals, pharmaceuticals, commodity chemicals among others. Among these industries, specialty chemical and pharmaceutical industries are the major end use industries accounting for prominent market share in the overall market. Specialty chemicals owing to its high value low volume nature is the leading end use industry for micro reactor technology market, followed by pharmaceutical industry.
The global micro reactor technology market is estimated to be influenced by various factors which include bolstering growth of specialty chemicals market across the globe, consistent pharmaceutical industry growth in various regions. The global specialty chemical industry, leading end-use industry is estimated to be valued at USD 559.0 Bn in 2015. North America and China are the major specialty chemical producing regions accounting for cumulative share around 50% in the global specialty chemical industry. Thus, North America and China are the prominent markets for micro reactor technology. Moreover, Nano pharmaceutics entices application of micro reactor technology in pharmaceutical. Growth of the Nano-pharmaceutics industry will further boost the market growth. Apart from these factors, global micro reactor technology market is driven by increasing demand of 3-d printed micro reactor, increasing regulations and rising safety concerns in chemical industry. However, high coat and high time to market, and limited manufacturing capabilities are marginally hampering the market growth. According to MRFR analysis, the global micro reactor technology market was valued at is expected to reach USD 1,08,927.1 million by 2022 expanding with a CAGR of 19.05% over the forecast period.
Global Micro Reactor Technology Market Share (2015), By End Use
Among the various end use industries namely, specialty chemicals, pharmaceutical, commodity chemicals, specialty chemicals and pharmaceutical accounted for more than 75% in overall sales in 2015. Among these end use industries, specialty chemicals is estimated to be the leading end use industry, owing to its high value low volume nature. The segment is estimated to reach USD 64,257 million by 2022 end, expanding at a CAGR of 20.53% over the forecast period.
Market Segmentation
The global micro reactor technology market is segmented into types, applications and end use industries. Based on type, the market is segmented into disposable and reusable. Whereas based on application, market is segmented into chemical synthesis, polymer synthesis, process analysis, material analysis and others. On the basis of end use industry, the market is segmented as specialty chemicals, pharmaceuticals, commodity chemicals and others. Among these segments, specialty chemicals and pharmaceuticals are estimated to witness highest growth rates across all the regions.
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 owing to various factor such as increasing demand of 3-D printed micro reactors, growing Nano pharmaceutics market, and rising stringency if safety regulations in chemical industry. Among all the regions, North America accounted for the highest market share. This is attributed to the highest value share of the region in global specialty chemicals market in 2015. Moreover, the disposable type is observed to be the prominent type of micro reactors. In terms of volume, overall demand of disposable micro reactors in 2022 is anticipated to be pegged at 8.638 Mn units. In addition to this, specialty chemicals is anticipated to be the high value, high growth segment among all end use industries.
Key Market Players
The key players in global micro reactor technology market report include AM Technology, Little Things Factory, Microinnova Engineering GmbH, Thaletec GmbH, Vapourtec Ltd, Ehrfeld Mikrotechnik BTS, Uniqsis Ltd, Chemtrix Ltd and others.
Target Audience
• Micro reactor technology producers
• Traders and distributors
• Association and government bodies.
• Application industries
• Research institute
Geographical Analysis
The report covers brief analysis of geographical region such as:
• North America
o US
o Canada
• Europe
o Germany
o France
o Italy
o U.K.
o Rest of Europe
• APAC
o China
o India
o Japan
o Rest of Asia-Pacific
• Latin America
• Middle East & Africa
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.
DC Description
• Microreactor
• Flow Chemistry
• Chemical Reactor
• Glass Reactor
• Microreactor Design
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
