What type of product will be the top selling product type in the microreactor technology market?
A recent research study by Fact.MR shows that sales of microreactors reached 294 thousand units in 2018 and in 2019 the demand for microreactor technology is expected to grow by almost 9% year-on-year. The ability of microreactor technology to enable effective and efficient drug synthesis is one of the key factors for its increasing dissemination in the pharmaceutical industry.
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The report notes that the increasing demand for process intensification has inspired various chemical industries to adopt microreactor technology. The ability of microreactor technology to enable continuous reactions in small channels rather than large-scale components, resulting in effective reagent mixing and seamless heat transfer, increases its visibility compared to conventional technologies. In addition, an inherently safer, high-efficacy design has also been identified to promote the use of microreactor technology in demanding application areas of the chemical industry.
Microreactor technology is gaining ground as a key factor for single-stage reactions with minimal waste
The use of microreactors has seen a remarkable increase in several industrial ecosystems such as chemistry and pharmacy as it can offer high throughput with minimal use of materials. In addition, the one-step reactions enabled by microreactor technology help eliminate the risk associated with waste products, resulting in high quality end products, driving adoption across all end-use industries to achieve unprecedented productivity.
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Market segmentation for microreactors
The Microreactors market report has been segmented based on the product type, mixture, phase type, usability, material type, and application. By product type, the Microreactor Technology market has been segmented into T-Reactor and Falling Film Microreactor. By mixing, the Microreactor Technology market has been divided into Round Bottom Microreactors, Jacketed Microreactors, and Asia Microreactors.
By material type, the Microreactor Technology market has been segmented into Metal and Metal Alloys, Ceramics, Glass, Quartz, Plastic, and Silicon. By phase type, the Microreactor Technology market has been divided into liquid phase microreactors and gas phase microreactors. According to ease of use, the Microreactor Technology market has been divided into single-use and reusable segments. End-user segments in the microreactor technology market include specialty chemicals, pharmaceuticals, bulk chemicals, and research laboratories.
Significant advantages over batch processing to promote popularity
Microreactor technology is becoming more and more attractive for the production departments of the pharmaceutical industry, followed by specialty chemicals. The advantages of continuous processes compared to batch chemistry remain decisive for the increased acceptance of microreactor technology in both the pharmaceutical and specialty chemistry landscape, which is reflected in the fast-paced synthesis of organic compounds under hazardous conditions with minimized waste.
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In addition, the introduction of microreactor technology also offers additional advantages in terms of capital investment and operating costs with a significant reduction in the “time-to-market aspect”, which promotes its introduction in various branches of the end-user industry.
According to the report, the Microreactor Technology market remains consolidated at the lower end, with the Tier 3 or emerging players having a significant share of sales. Specific product segments and increasing sales remain two of the focal points of these emerging players.
Fact.MR’s report provides actionable intelligence with a comprehensive opportunity assessment of the Microreactor Technology market. The report notes that the Microreactor market is projected to grow at a CAGR of around 8% through 2028.
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The article “Who will be the best-selling product type on the market for microreactor technology” first appeared in the Swiss Times.