A recent research study by Fact.MR finds that the microreactor sales reached 294 thousand units in 2018 and are projected to grow at a Y-O-Y of nearly 9% in 2019. Increasing competition among manufacturing companies in order to develop finer products remains a key aspect spurring the demand for microreactor technology. Ability of microreactor technology to facilitate effective and efficient drug synthesis is one of the key factors responsible for its rising adoption in the pharmaceutical industry.
The business report highlights the drivers, restraints, opportunities and trends affecting microreactor technology market growth. The report finds that increasing demand for process intensification has inspired various chemical industries to adopt microreactor technology. Capability of microreactor technology to enable continuous reactions in small channels instead of large-scale components, which results in effective mixing of the reagents and seamless heat transfer, is enhancing its visibility as compared to the conventional technologies.
Microreactor Technology Gains Ground as Key Enabler of One-Step Reactions with Minimal Wastage
Use of microreactor has witnessed a notable rise in multiple industrial ecosystems, such as chemical and pharmaceutical, on the wake of its ability to offer high-throughput with use of minimum amount of materials. Moreover, the one-step reactions enabled by microreactor technology aids in elimination of the risk associated with waste products, resulting in high-quality end-products, which drives its adoption across end-use verticals to achieve unparalleled productivity.
The report further states that sales of each material type will remain highly influenced by the specific advantages and disadvantages offered by in terms of price and compatibility with the reagents or heat conductivity. Glass microreactor remains the top-selling variant on the wake of its superior compatibility with aggressive media and reagents. Moreover, benefits of glass microreactors in terms of transparency and convenience has been widely acknowledged, which has further triggered their adoption across various end-use industries.
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Significant Benefits over Batch Processing to Foster Popularity
Microreactor technology is becoming highly appealing to the production departments in the pharmaceutical industry, followed by specialty chemicals. Benefits of continuous-flow processes over batch chemistry remain instrumental in heightened adoption of microreactor technology in both pharmaceutical and specialty chemicals landscape, translating into fast-paced synthesis of organic compounds amidst hazardous conditions with minimized waste. Moreover, the adoption of microreactor technology also offers additional benefits in terms of capital investment and operating expenses with notable reduction of the ‘time-to-market’ aspect, which is bolstering its adoption across diverse end user industry verticals.
The global Microreactor Technology market is predicted to show promising growth during the forecast period of 2018 to 2028, according to the latest research report published by Fact.MR.
The study highlights that the market for a Microreactor Technology is likely to grow at a stupendous pace on the back of ongoing research and development activities and technological developments in this market the during assessment period.This report includes reliable data on drivers, restraints, challenges, threats, and growth opportunities in the market for the Microreactor Technology.
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Apart from this, it foretells potential trends and investment avenues in the Microreactor Technology market from 2018 to 2028.Based on product types, the Microreactor Technology market report presents insight into key adoption trends for the following segments: T - ReactorFalling Film MicroreactorThe assessment presents volume, shares, and revenues of the Microreactor Technology market during the tenure of 20xx to 20xx.
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