Micro Reactor Technology Market – Trends & Forecast, 2027

Micro Reactor Technology Market Information - By Type (Disposable and Reusable), By Application (Chemical Synthesis, Polymer Synthesis, Process Analysis, Material Analysis and others), By End-Use (Specialty Chemicals, Pharmaceuticals, Commodity Chemicals and others) - Forecast to 2027

ID: MRFR/CnM/0622-CR | February, 2021 | Region : Global

Micro Reactor Technology Market Overview


Micro Reactor Technology Market to touch USD 1,08,927.1 Million by 2022. The Microreactor technology market size is set to expand at a rate of 19.05% between 2016 and 2022 (analysis period).


COVID-19 Analysis


The COVID-19 outbreak has had a detrimental impact on the microreactor technology industry, in view of the temporary shutdown of manufacturing facilities and weakened demand. Even as the world is trying to curb the spread of SARS-CoV-2, various leading companies are trying to bolster their supply chains and accelerate operations to control further losses. Additionally, with the gradual lifting up of the lockdown across countries and the novel coronavirus under control, the global market for microreactor technology can expect to recover quickly in the following years.


Market Dynamics


Drivers


Technology Demand to Escalate Rapidly in Chemical and Pharma Industries


The micro reactor technology market has been thriving on the back of rising preference in the chemical sector coupled with the escalating use in the pharmaceutical industry. The microreactor technology’s applications have become quite extensive in biodiesel production, which can also foster the market’s growth trajectory over the given period.


Also, the various options of different types of microreactors available in multiple shapes and sizes help facilitate effective mixing as well as rapid reaction rates, along with the faster product synthesis rate, thereby elevating the total productivity in a very short period. This provision of customizability can further accelerate the adoption of the microreactor technology in an array of biodiesel production applications over the next few years.


Opportunities


Rising Preference for Biodiesel Promises Major Opportunities


Soaring concerns related to global warming along with the depletion of key nonrenewable energy sources have collectively bolstered the preference for biodiesel. In view of this, the demand for microreactor technology is projected to mount in the forthcoming period, as it accelerates the transesterification process, which is common during the biodiesel production. This can be seen as a huge opportunity for the top micro reactor technology manufacturers in the years ahead.


Challenges


Low Production Capacity of Micro Reactors to Pose Significant Challenge


High costs and time taken to market micro reactor technology, and the production capacity for commodity chemicals can present huge challenges to the leading firms in the years ahead. The manufacturing capabilities of micro reactors is quite low, as they are small-scale in nature.


Segment Overview


Disposable Type of Microreactor to Land the Leading Position


Different types of microreactors are disposable as well as reusable. The disposable type secured the highest share of 71% in the year 2015 and had reached USD 23,043.8 million the same year. It is also expected to procure a growth rate of 18.96% in the years to come.


Polymer Synthesis Applications to Dominate


Top applications of microreactors are Polymer Synthesis, Chemical Synthesis, Material Analysis, Process Analysis, and others. Chemical synthesis segment is at the top position as microreactors efficiently control fast and exothermic polymerization reactions on account of the excellent mass and heat transfer within their small dimensions.


Specialty Chemicals End-Use Segment to Take the Lead


End-users specified in the report include Commodity Chemicals, Pharmaceuticals, Specialty Chemicals, and more. In 2015, the lead was taken by the specialty chemicals segment. specialty chemicals manufacturers are increasingly using micro reactors to streamline the production processes and also mitigate environmental issues.


Regional Analysis


North America to Remain Dominant during the Appraisal Period


North America remains the leading markets, with the key reason being the large-scale production of pharmaceutical and specialty products. The market in the United States stands at the vanguard of the region, on account of the escalating demand for 3-d printed micro-reactor on account of its high affordability as well as impressive designing ability. Frequent technological innovations combined with the expanding nano pharmaceuticals market has been driving MRT applications in the pharmaceuticals sector. In view of the rising maturity of the pharmaceutical market in the developed countries of the region, the Nano-pharmaceutics market has been presenting a lot of attractive opportunities. Also, DDS/Drug Delivery System has emerged as a significant MRT application in nano pharmaceutics. Canada is the second highest gainer in the north American market for micro reactor technology.


Europe to Witness Fastest Growth as Environmental Concerns Mount


Europe is the fastest advancing market with the pharmaceutical sector presenting a host of lucrative opportunities in terms of micro reactor technology applications. Increasing clamor for sustainable energy resources along with the amounting concerns with regard to global warming has bolstered the demand for biodiesel to be used as an alternative fuel that have low impact on the environment. As a result, microreactor technology’s use has soared exponentially in the region, to help carry out rapid transesterification for biodiesel production.


Competitive Landscape


Competition Intensifies between New and Established Players


The microreactor technology industry is mostly consolidated marked by the rise in emerging players trying to make their presence felt among the league of established firms. While the new players are striving for a higher share in the global market, the tier 1 companies are majorly focused on launching innovative technologies, and are also indulging in acquisitions and partnerships with local vendors to bolster their geographical presence.


List of Key Companies Covered in this Report



  • AM Technology

  • Little Things Factory

  • Microinnova Engineering GmbH

  • Thaletec GmbH

  • Vapourtec Ltd

  • Ehrfeld Mikrotechnik BTS

  • Uniqsis Ltd

  • Chemtrix Ltd


Recent Developments



  • September 2020 – Radiant is creating its first-ever zero-emissions portable microreactor and has managed to secure USD 1.2 million in funding. Radiant will be using the funds for accelerating its development of low-cost nuclear microreactors that are the ideal alternatives to traditionally used fossil fuels for commercial as well as military applications.

  • September 2020 – College of Engineering of Purdue University has been granted funds close to USD 800,000 from the Department of Energy for the advancements of its 3D printed microreactor. The college’s TCR program has been created to come up with the first 3D printed microreactor in the US by 2023, touted to be the first advanced microreactor to be used in the country in over 40 years.


Report Overview


The report overview outlines the micro reactor technology industry and associated aspects during the review period. The report has assessed the top challenges, barriers and drivers affecting the market size. The market study also comprises some of the key developments post the COVID-19 pandemic and the effects of the novel coronavirus as well as the lockdown on the global market. The report also throws light on the latest business scenario covering the expected as well as the historical value, in terms of volume and value, technological developments that induce growth. Besides, the affluent vendors and the prominent strategies they adopt to remain relevant in the competitive industry are also listed in the MRFR report.


Scope of the Report


The scope of the report covers a detailed microreactor review, focusing mainly on the microreactor technology market forecast, future microreactor price across various regions, latest microreactor technology market trends and the expected micro reactor technology market size.


Segmentation Table


By Type



  • Disposable

  • Reusable


By Application



  • Chemical Synthesis

  • Polymer Synthesis

  • Process Analysis

  • Material Analysis

  • others


By End-User



  • Specialty Chemicals

  • Pharmaceuticals

  • Commodity Chemicals

  • others

1 Report Prologue

2 Market Introduction

2.1 Definition 11

2.1.1 Scope Of The Study 11

2.1.2 Research Objectives 11

2.1.3 Assumptions 11

2.1.4 Limitations 12

2.2 Markets Structure 12

3 Research Methodology

3.1 Research Process 13

3.2 Primary Research 14

3.3 Secondary Research 14

3.4 Market Size Estimation 15

3.5 Forecast Model 16

4 Market Dynamics

4.1 Drivers 17

4.1.1 Increasing Demand Of 3-D Printed Micro Reactor Owing To Its Relative Affordability And High Designing Capability Is Anticipated To Drive The Market Demand Over The Forecast Period 17

4.1.2 Growing Nano Pharmaceutics Market Driving MRT Application In Pharmaceuticals Industry 17

4.1.3 Increasing Regulations And Rising Safety Concerns In Chemical Industry Affecting The Micro Reactor Technology Market In A Constructive Manner 18

4.2 Restraints 18

4.2.1 High Cost And High Time To Market Required For MRT Hampering The Market Growth 18

4.2.2 Limited Manufacturing Capabilities Of MRT Restraining Market Growth In Commodity Chemical End-Use Industry

4.3 Market Trends 19

4.3.1 Innovative Materials Being Used In Micro Reactors 19

4.4 Opportunity 19

4.4.1 Commodity Chemicals Industry Offers Lucrative Opportunity To The Micro Reactor Technology Market 19

5 Market Factor Analysis

5.1 Supply Chain Analysis 20

5.1.1 Raw Material Suppliers 20

5.1.2 Micro Reactor Technology Producers 21

5.1.3 Micro Reactor Technology Distributors 21

5.1.4 Micro Reactor Technology End Users 21

5.2 Porter's 5 Forces Analysis 22

5.2.1 Threat Of New Entrants 22

5.2.2 Bargaining Power Of Supplier 23

5.2.3 Threat Of Substitute 23

5.2.4 Bargaining Power Of Buyers 23

5.2.5 Rivalry 24

6 Global Micro Reactor Technology Market, By Type

6.1 Introduction 25

6.2 Disposable 26

6.3 Reusable 27

7 Global Micro Reactor Technology Market, By Application

7.1 Introduction 28

7.2 Chemical Synthesis 29

7.3 Polymer Synthesis 30

7.4 Process Analysis 31

7.5 Material Analysis 32

7.6 Others 33

8 Global Micro Reactor Technology Market, By End Use

8.1 Introduction 34

8.2 Specialty Chemicals 35

8.3 Pharmaceuticals 36

8.4 Commodity Chemicals 37

8.5 Others 39

9 Global Micro Reactor Technology Market, By Region

9.1 Introduction 40

9.2 North America 41

9.2.1 US 42

9.2.2 Canada 44

9.3 Europe 46

9.3.1 Germany 48

9.3.2 UK 49

9.3.3 France 51

9.3.4 Italy 52

9.3.5 Rest Of Europe 54

9.4 Asia-Pacific 56

9.4.1 China 58

9.4.2 Japan 59

9.4.3 India 61

9.4.4 Rest Of Asia-Pacific 62

9.5 Latin America 64

9.6 Middle East & Africa 65

10 Competitive Landscape

10.1 Introduction: Key Players 67

10.2 Collaboration 68

10.3 Expansion 69

10.4 Product Launch 70

10.5 Major Consumers, By End User 71

11 Key Players

11.1 AM Technology 73

11.1.1 Company Overview 73

11.1.2 Product/Business Segment Overview 74

11.1.3 Financial Updates 74

11.2 Little Things Factory 75

11.2.1 Company Overview 75

11.2.2 Product/Business Segment Overview 76

11.2.3 Financial Updates 76

11.2.4 Key Developments 76

11.3 Microinnova Engineering GmbH 77

11.3.1 Company Overview 77

11.3.2 Product/Business Segment Overview 77

11.3.3 Financial Updates 77

11.4 Thaletec GmbH 78

11.4.1 Company Overview 78

11.4.2 Product/Business Segment Overview 78

11.5 Vapourtec Ltd 79

11.5.1 Company Overview 79

11.5.2 Product/Business Segment Overview 79

11.5.3 Financial Updates 80

11.5.4 Key Developments 80

11.6 Ehrfeld Mikrotechnik BTS 81

11.6.1 Company Overview 81

11.6.2 Product/Business Segment Overview 81

11.6.3 Financial Updates 82

11.6.4 Key Developments 82

11.7 Uniqsis Ltd 83

11.7.1 Company Profile 83

11.7.2 Product/Business Segment Overview 83

11.7.3 Financial Updates 84

11.7.4 Key Developments 84

11.8 Chemtrix Ltd 85

11.8.1 Company Overview 85

11.8.2 Product/Business Segment Overview 85

11.8.3 Financial Updates 85

11.8.4 Key Developments 86

12 Conclusion

13 List Of Tables

TABLE 1 GLOBAL MICRO REACTOR TECHNOLOGY MARKET, BY TYPE, 2020-2027 (USD MILLION) 25

TABLE 2 GLOBAL DISPOSABLE MARKET FOR MICRO-REACTOR TECHNOLOGY, BY REGION, 2020-2027 (USD MILLION) 26

TABLE 3 GLOBAL REUSABLE MARKET FOR MICRO-REACTOR TECHNOLOGY, BY REGION, 2020-2027 (USD MILLION) 27

TABLE 4 GLOBAL MICRO REACTOR TECHNOLOGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 28

TABLE 5 GLOBAL CHEMICAL SYNTHESIS MARKET FOR MICRO REACTOR TECHNOLOGY, BY APPLICATION, 2020-2027 (USD MILLION) 29

TABLE 6 GLOBAL POLYMER SYNTHESIS MARKET FOR MICRO REACTOR TECHNOLOGY, BY APPLICATION, 2020-2027 (USD MILLION) 30

TABLE 7 GLOBAL PROCESS ANALYSIS MARKET FOR MICRO REACTOR TECHNOLOGY, BY APPLICATION, 2020-2027 (USD MILLION) 31

TABLE 8 GLOBAL MATERIAL ANALYSIS MARKET FOR MICRO REACTOR TECHNOLOGY, BY APPLICATION, 2020-2027 (USD MILLION) 32

TABLE 9 GLOBAL OTHERS MARKET FOR MICRO REACTOR TECHNOLOGY, BY APPLICATION, 2020-2027 (USD MILLION) 33

TABLE 10 GLOBAL MICRO REACTOR TECHNOLOGY MARKET, BY END USE, 2020-2027 (USD MILLION) 35

TABLE 11 GLOBAL SPECIALTY CHEMICALS MARKET FOR MICRO REACTOR TECHNOLOGY, BY END USE, 2020-2027 (USD MILLION) 36

TABLE 12 GLOBAL PHARMACEUTICALS MARKET FOR MICRO REACTOR TECHNOLOGY, BY END USE, 2020-2027 (USD MILLION) 37

TABLE 13 GLOBAL COMMODITY CHEMICALS MARKET FOR MICRO REACTOR TECHNOLOGY, BY END USE, 2020-2027 (USD MILLION) 38

TABLE 14 GLOBAL OTHERS MARKET FOR MICRO REACTOR TECHNOLOGY, BY END USE, 2020-2027 (USD MILLION) 39

TABLE 15 GLOBAL MICRO REACTOR TECHNOLOGY MARKET, BY REGION, 2020-2027 (USD MILLION) 40

TABLE 16 NORTH AMERICA MICRO REACTOR TECHNOLOGY MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 41

TABLE 17 NORTH AMERICA MICRO REACTOR TECHNOLOGY MARKET, BY TYPE 2020-2027 (USD MILLION) 41

TABLE 18 NORTH AMERICA MICRO REACTOR TECHNOLOGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 42

TABLE 19 NORTH AMERICA MICRO REACTOR TECHNOLOGY MARKET, BY END USE, 2020-2027 (USD MILLION) 42

TABLE 20 US MICRO REACTOR TECHNOLOGY MARKET, BY TYPE 2020-2027 (USD MILLION) 43

TABLE 21 US MICRO REACTOR TECHNOLOGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 43

TABLE 22 US MICRO REACTOR TECHNOLOGY MARKET, BY END USE, 2020-2027 (USD MILLION) 44

TABLE 23 CANADA MICRO REACTOR TECHNOLOGY MARKET, BY TYPE 2020-2027 (USD MILLION) 44

TABLE 24 CANADA MICRO REACTOR TECHNOLOGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 45

TABLE 25 CANADA MICRO REACTOR TECHNOLOGY MARKET, BY END USE, 2020-2027 (USD MILLION) 45

TABLE 26 EUROPE MICRO REACTOR TECHNOLOGY MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 46

TABLE 27 EUROPE MICRO REACTOR TECHNOLOGY MARKET, BY TYPE 2020-2027 (USD MILLION) 46

TABLE 28 EUROPE MICRO REACTOR TECHNOLOGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 47

TABLE 29 EUROPE MICRO REACTOR TECHNOLOGY MARKET, BY END USE, 2020-2027 (USD MILLION) 47

TABLE 30 GERMANY MICRO REACTOR TECHNOLOGY MARKET, BY TYPE 2020-2027 (USD MILLION) 48

TABLE 31 GERMANY MICRO REACTOR TECHNOLOGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 48

TABLE 32 GERMANY MICRO REACTOR TECHNOLOGY MARKET, BY END USE, 2020-2027 (USD MILLION) 49

TABLE 33 UK MICRO REACTOR TECHNOLOGY MARKET, BY TYPE 2020-2027 (USD MILLION) 49

TABLE 34 UK MICRO REACTOR TECHNOLOGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 50

TABLE 35 UK MICRO REACTOR TECHNOLOGY MARKET, BY END USE, 2020-2027 (USD MILLION) 50

TABLE 36 FRANCE MICRO REACTOR TECHNOLOGY MARKET, BY TYPE 2020-2027 (USD MILLION) 51

TABLE 37 FRANCE MICRO REACTOR TECHNOLOGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 51

TABLE 38 FRANCE MICRO REACTOR TECHNOLOGY MARKET, BY END USE, 2020-2027 (USD MILLION) 52

TABLE 39 ITALY MICRO REACTOR TECHNOLOGY MARKET, BY TYPE 2020-2027 (USD MILLION) 52

TABLE 40 ITALY MICRO REACTOR TECHNOLOGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 53

TABLE 41 ITALY MICRO REACTOR TECHNOLOGY MARKET, BY END USE, 2020-2027 (USD MILLION) 53

TABLE 42 REST OF EUROPE MICRO REACTOR TECHNOLOGY MARKET, BY TYPE 2020-2027 (USD MILLION) 54

TABLE 43 REST OF EUROPE MICRO REACTOR TECHNOLOGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 54

TABLE 44 REST OF EUROPE MICRO REACTOR TECHNOLOGY MARKET, BY END USE, 2020-2027 (USD MILLION) 55

TABLE 45 ASIA-PACIFIC MICRO REACTOR TECHNOLOGY MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 56

TABLE 46 ASIA-PACIFIC MICRO REACTOR TECHNOLOGY MARKET, BY TYPE 2020-2027 (USD MILLION) 56

TABLE 47 ASIA-PACIFIC MICRO REACTOR TECHNOLOGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 57

TABLE 48 ASIA-PACIFIC MICRO REACTOR TECHNOLOGY MARKET, BY END USE, 2020-2027 (USD MILLION) 57

TABLE 49 CHINA MICRO REACTOR TECHNOLOGY MARKET, BY TYPE 2020-2027 (USD MILLION) 58

TABLE 50 CHINA MICRO REACTOR TECHNOLOGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 58

TABLE 51 CHINA MICRO REACTOR TECHNOLOGY MARKET, BY END USE, 2020-2027 (USD MILLION) 59

TABLE 52 JAPAN MICRO REACTOR TECHNOLOGY MARKET, BY TYPE 2020-2027 (USD MILLION) 59

TABLE 53 JAPAN MICRO REACTOR TECHNOLOGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 60

TABLE 54 JAPAN MICRO REACTOR TECHNOLOGY MARKET, BY END USE, 2020-2027 (USD MILLION) 60

TABLE 55 INDIA MICRO REACTOR TECHNOLOGY MARKET, BY TYPE 2020-2027 (USD MILLION) 61

TABLE 56 INDIA MICRO REACTOR TECHNOLOGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 61

TABLE 57 INDIA MICRO REACTOR TECHNOLOGY MARKET, BY END USE, 2020-2027 (USD MILLION) 62

TABLE 58 REST OF ASIA-PACIFIC MICRO REACTOR TECHNOLOGY MARKET, BY TYPE 2020-2027 (USD MILLION) 62

TABLE 59 REST OF ASIA-PACIFIC MICRO REACTOR TECHNOLOGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 63

TABLE 60 REST OF ASIA-PACIFIC MICRO REACTOR TECHNOLOGY MARKET, BY END USE, 2020-2027 (USD MILLION) 63

TABLE 61 LATIN AMERICA MICRO REACTOR TECHNOLOGY MARKET, BY TYPE 2020-2027 (USD MILLION) 64

TABLE 62 LATIN AMERICA MICRO REACTOR TECHNOLOGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 64

TABLE 63 LATIN AMERICA MICRO REACTOR TECHNOLOGY MARKET, BY END USE, 2020-2027 (USD MILLION) 65

TABLE 64 MIDDLE EAST & AFRICA MICRO REACTOR TECHNOLOGY MARKET, BY TYPE 2020-2027 (USD MILLION) 65

TABLE 65 MIDDLE EAST & AFRICA MICRO REACTOR TECHNOLOGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 66

TABLE 66 MIDDLE EAST & AFRICA MICRO REACTOR TECHNOLOGY MARKET, BY END USE, 2020-2027 (USD MILLION) 66

TABLE 67 COLLABORATION: 2012,2017 68

TABLE 68 EXPANSION: 2012,2017 69

TABLE 69 PRODUCT LAUNCH, 2020 70

TABLE 70 LIST OF MAJOR CONSUMERS - PHARMACEUTICALS 71

TABLE 71 LIST OF MAJOR CONSUMERS – SPECILATY CHEMICALS 72

14 List Of Figures

FIGURE 1 GLOBAL MICRO REACTOR TECHNOLOGY MARKET OUTLOOK (2020-2027) 10

FIGURE 2 MRFR RESEARCH PROCESS 13

FIGURE 3 TOP DOWN & BOTTOM DOWN APPROACH 15

FIGURE 4 SUPPLY CHAIN ANALYSIS OF GLOBAL MICRO REACTOR TECHNOLOGY MARKET 20

FIGURE 5 PORTER’S 5 FORCES ANALYSIS OF GLOBAL MICRO REACTOR TECHNOLOGY MARKET 22

FIGURE 6 GLOBAL MICRO REACTOR TECHNOLOGY MARKET, BY TYPE, 2020-2027 (USD MILLION) 25

FIGURE 7 GLOBAL MICRO REACTOR TECHNOLOGY MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 28

FIGURE 8 GLOBAL MICRO REACTOR TECHNOLOGY MARKET, BY END USE, 2020-2027 (USD MILLION) 34

FIGURE 9 GLOBAL MARKET SHARE FOR MICRO REACTOR TECHNOLOGY MARKET, BY REGION IN 2015 40

FIGURE 10 COLLABORATION WAS THE KEY GROWTH STARTERGY ADOPTED BY MICRO REACTORS TECHNOLOGY PLAYERS, 2020 67

FIGURE 11 COLLABORATION: THE MAJOR STRATERGY ADOPTED BY, CHEMTRIX LTD, 2020 68

FIGURE 12 GLOBAL MICRO REACTOR TECHNOLOGY MARKET SHARE, BY REGION (2016-2022) 88

Micro reactor technology Market