Micro Reactor Technology Market Forecast, Trend Analysis, Global Market Insights 2022 - AM Technology, Little Things Factory, Microinnova Engineering GmbH, Thaletec GmbH, Vapourtec Ltd, Ehrfeld Mikrotechnik BTS, Uniqsis Ltd, Chemtrix Ltd

Market Insights

Market Research Future has released its report which studies the Global Micro Reactor Technology Market. MRFR's analysis has revealed that the Global MRT Market is expected to generate a market value of USD 1, 08, 927.1 Mn by the end of 2022; this growth is expected from its base value of USD 32, 456 Mn in 2015. The global market is anticipated to grow while registering a highly optimistic CAGR of 19.05% over the forecast period from 2016 to 2022. Microreactors are used for chemical, material and process synthesis and offer a superior surface to volume ratio for chemical reactions. This often results in high performance properties such as increased stability, effective heat transfer, and a reduced risk for hazardous reactions.

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Microreactors have proven to be highly useful in a number of applications including commodity chemicals, specialty chemicals, and pharmaceuticals, to name a few. Ongoing development and the need for the synthesis of various chemicals for drug discovery, and other applications have significantly impacted the demand for microreactor technology. Increasingly, it has been observed, that there is a high demand for 3D printed microreactors, as they are more affordable and have high design capabilities which drive the demand for microreactors, and in turn microreactor technology. Moreover, increased demand for microreactors due to ongoing research and development of safe chemicals are primarily due to increasing concerns regarding the toxicity of chemicals and the resulting regulatory restrictions. The rapid growth of the specialty chemicals and pharmaceutical sector will likely impact growth in the coming years.

The market is full of opportunity, due to the increasing innovation in technology and advancements in microreactor capabilities which offer the high promise of growth in the coming years.

Key Players

Prominent market players that have been profiled in MRFR’s report on the Global Microreactor Technology Market include Thaletec GmbH, Ehrfeld Mikrotechnik BTS, Vapourtec Ltd, AM Technology, Microinnova Engineering GmbH, Uniqsis Ltd, Chemtrix Ltd, Little Things Factory and others.

Market Segmentation

Segmental analysis of the market has been performed in MRFR's report on the basis of types, applications, end-users, and region. Types of Microreactor Technology have been segmented into disposable and reusable. The disposable segment has secured the largest share of over 70% of the total market with an optimistic CAGR of 18.96% during the review period.

Applications of microreactors have been segmented into polymer synthesis, process analysis, material analysis, chemical synthesis, and others. Among these, the chemical synthesis segment has been observed to have the most significant share of the market.

End-users of microreactor technology have been segmented into specialty chemicals, pharmaceuticals, commodity chemicals, and others. Specialty chemicals are the largest end-users of microreactor technology.

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Regional Analysis

The regionwise analysis of the Global Microreactor Technology Market has been segmented into North America, Latin America, Europe, the Middle East & Africa, and the Asia Pacific. The North American market has secured a share of 38%, making it the most significant market worldwide. The region has a concentration of leading market players which are consistently conducting development activities thus driving the market. Europe accounts for the second largest share which comes in at 30% of the global market. The Asia Pacific has emerged as the market with the third largest share at 21% of the global market.

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This release was published on openPR.