Pune, India, December , 2017/MRFR Press Release/- Market Research Future Published a Cooked Research Report “Micro Reactor Technology Market Research Report – Forecast to 2022” - Market Analysis, Scope, Stake, Progress, Trends and Forecast up to 2022.
Refractories Market – Market Overview
Global micro reactor technology market is antcipated to witness in surge in demand owing to growing demand for 3-D printed micro reactors, growing share of nano pharmaceutics market, and increasing regulations and growing safety concerns in chemical industry among others. Among these factors, incresing regulations and growing safety concerns is estimated to influence the market growth most effectively across the globe. Among the major end-use industris, chemical industry is subjected to stringent regulations, due to its environmentally hazardous nature. Stringent regulatory framework is resulting to the search of alternative produiction techniques for most of the production processes. As micro reactors offers sustainable production of hazardous chmicals. Manufacturers are inclined towards micro reactor technology wherever possible. Specilaty chemicals which are manufactured in low quantity are prefered to manufactured using micro process.
Use of micro reactor technology is growing at a fastest rate in pharmaceutical applications after specialty chemical applications. This is attributed to the increasing share of nano pharmaceutics in overall pharmaceutical industry. As the pharmaceutical industrty is becoming more maturted in developed region, more opportunities are visible in nano pharmaceuticals. Along with the growing manufacturers interest in the nano pharmaceutics, increasing government support for various nano pharmaceutics application is antcipated to drive the overall micor reactor technology penetration in the pharmaceutical industry.
Apart from this, the growing demand for 3-D printed micro reactors owing to its relative affordibility and high designing capability is antcipated to drive the overall micro reactor technology market in major regions. Moreover, 3-D printed micro reactors enables full scale continuous production of fine chemicals and pharmaceuticals. Continuous production provides additional unique benefits to the manufacturers. Unlike batch production, continuous production provides additional process efficiency, relative safety, and manufacturing flexibility.
However, high cost and high time to market for micro reactor technology, and limited manufacturing capabilities for commodity chemicals is hampering the market growth. The production capacity of the micro reactors is low, owing to its small scale nature. Thus, commodity chemicals production using micro reactor technology is limited. Leading manufacturers are investing in R&D for innovations in commodity chemcals production through micro reactor technology, and has got limited success.
Innovations in the materials that are being used for the micro reactors is the most prominent trend in the micro reactor technology market. Conventionally, glass ceramics, and silicon are used for the fabrication owing to their chemical neutrality towards most of the chemcials and flexibility for fabrications. However, with the advancement in the research, matyreials such as PMMA are developed. Such materials may offer cost effectiveness, and added flexibility for the fabrication.
Geographically, North America and Europe are the leading markets. The high market share can be attributed to the relatively high production of specialty and pharmaceutical industries in thos regions. Euope is the fastest growing region, as the europe pharmaceutical industry offering more opportunities for the micro reactor technology applications. Asia-Pacific region is antcipated to exhibit moderate growth in near future.
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AM Technology, Little Things Factory GmbH, Microinnova Engineering GmbH, Thaletec GmbH, Vapourtech Ltd., Ehrfield Mikrotechnik BTS, Uniqis Ltd, Chemtrix Ltd.
Micro Reactor Technology Market - Competitive Analysis
Micro reactor technology market is witnessing increasing competitiveness, with increasing innovation in the technology. However, high capital cost and technological complexity involved in the market crates entruy barrier for new entrants in the market. Currently, there are relatively limited number of manufacturers existing in the market. Existing players are focusing in increasing their distribution network in the prominent markets.
Industry/ Innovation/ Related News
Feb 2016: Chemtrix B.V, a leading flow reactors systems manufacturer signed an agreement with central scientific commerce to distribute its products in Japan. The company offers its flow reactors to the pharmaceutical & fine chemicals industries across the globe. By this development, the company aims to increase its foot print in the prominent Japan chemical & pharmaceutical market.
May 2016: Chemtrix B.V. signed an agreement with the DSM Chemical Technology R&D B.V to provide 3-D printed metal continious flow reactors to its consumers in chemical industry. Chemtrix B.V. extended its product portfolio to offer its customers glass, ceramic, and silicon micro reactors. This development was another step for increasing penetration of 3-D printing continious flow reactors.
Sept 2013: Ehrfield Mikrotechnich BTS, which is a subsidiary owned by Bayer Technology Services GmbH acquired ART reactor technology fro Alfa Laval. ART reactor technology milistructured reactors which are used in pilot plants, specilaty chemical production. The company extended its product portfolio towards robust flow reactors for use in chemcial production. By this devleopment, the market was introdueced with the robust flow reactors that can be used in exothermic & endothermic reactions.