Microreactor Technology Industry is likely to grow at a volume CAGR of around 8% through 2028 - States Fact.MR

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.

To get in-depth information view the report - https://www.factmr.com/report/2815/microreactor-technology-market

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 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.

Moreover, inherently safer design with high efficacy has also been identified to boost utilization of microreactor technology in challenging applications areas of the chemical industry.

To Know the COVID-19 Impact on Europe Region, Request for Sample - https://www.factmr.com/connectus/sample?flag=S&rep_id=2815

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.

“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

Share Your Requirements & Get Customized Reports - https://www.factmr.com/connectus/sample?flag=RC&rep_id=2815

With 157 thousand units sold in 2018, the demand for falling film microreactor thrives on the back of its larger specific surface area as compared to the conventional reactors, finds Fact.MR.

Asia micro reactor remains the most prominent mixing type and is likely to witness remarkable growth in the forthcoming years, driven by efficacy in terms of resistance and transparency.

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.

Buy Now for Exclusive Analyst Support - https://www.factmr.com/checkout/2815/S

Visit Our Website - https://www.factmr.com/
Content Source - https://www.factmr.com/media-release/861/microreactor-technology-market

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.