LeapZipBlog: Steve Blade's blog: Research Report Explores the Microreactor Technology Market Size, Status and Forecast 2018 to 2028

Research Report Explores the Microreactor Technology Market Size, Status and Forecast 2018 to 2028

August 28, 2019 by Steve Blade  

Fact.MR recently published an all-inclusive forecast study on the microreactor technology market to find out the prevalent opportunities over the forecast period of 2018 and 2028. The utmost objective of Fact.MR report on microreactor technology market is to provide compelling insights on the overall market scenario, demand generating factors, dynamic aspects, and key product developments in the microreactor technology market.

Tier 3 players hold the hegemony in the microreactor technology market, with a revenue share of nearly 40%. Focus on specific product segments, along with volume sales through the development and maintenance of an adequate product supply, remains one of the primary agendas among the emerging players in the microreactor technology market. . However, higher dependency of tier 3 players on contracts has arrested enhancements in their product portfolios and technological developments.

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“Microreactor technology is also being widely acknowledged by various end-use industries for its ability to catalyze faster reactions, which also ensures higher yields of up to cent percent with no compromise in terms of quality. Microreactors have evolved as a standard tool for end users for ameliorating quality via accurate control of crucial operation parameters, ranging from pressure to space velocities”, Senior Analyst, Fact.MR

Potential Benefits over Conventional Processes Bolster Adoption in Chemical Industries

Resurgent growth of chemical industries in the past few years has meant that demand for process intensification to achieve optimal results has also taken off. Microreactor technology has gained widespread acceptance among manufacturers of fine as well as specialty chemicals who seek streamlining their production costs while tackling environmental challenges. Additionally, high compatibility of the microreactor with mixing operations, such as mass transfer and heat transfer, have improved its visibility in the overall chemical industry landscape. Microreactor technology is expected to witness high traction, as it facilitates one-step reactions, while eliminating the risk of alternate reactions, which results in greater polish and higher yields of finished products. Provision of clarity on crucial operational parameters, and enabling seamless process flexibility along with enhanced productivity, are other aspects driving demand for the microreactor tehnology.  Microreactor technology is further expected to continue gain momentum with its greater speed and convenience compared to the conventional processes in various mixing applications.

Microreactor Technology- Notable Highlights

  • Lonza Group AG acquired Micro-Macinazione S.A., a leading provider of micronization services and equipment, in the year 2017.
  • Los Alamos National Laboratory, one of the US’ leading nuclear laboratories, developed a new nuclear micro-reactor in 2018 with multipronged applications, ranging from providing electricity in remote areas to powering space missions.
  • A cohort of researchers from the University of Helsinki in Finland have developed a 3D printed microreactor device that enables them to gauge chemical reactions effortlessly and to enhance their research processes.
  • Researchers from Osaka University in collaboration with Crystal Optics Inc., a prominent manufacturer of plating and polishing products, developed a low-cost manufacturing method of microstructures, including microreactors, by using Water-CARE technology.

This report features key players operating in the microreactor technology market, including Soken Chemical & Engineering Co., Ltd., Bronkhorst (UK) Ltd., Chemtrix B.V., Little Things Factory GmbH, Ehrfeld Mikrotechnik BTS GmbH, Micronit Micro Technologies B.V., AM Technology Co., Ltd., and Vapourtec Ltd.

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About Fact.MR

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