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The continuous flow reactor market is witnessing a significant growth globally, due to various unique advantages when compared to the traditional batch reactors. The types of continuous flow reactors discussed in the report are Micro Reactor systems (MRT), Continuous Stirred Tank Reactors (CSTR), Plug Flow Reactors (PFR), and Microwave systems. A wide range of applications that cater to various industries such as Chemicals, Pharmaceuticals, Petro Chemicals, Bio fuels, Perfume and Fragrance Industries, Academia research and laboratories, etc. have also been studied in the report.
Under the MRT system segment, chip, capillary, and microstructured-based systems have been taken into consideration. Due to the evolution of energy savings regulations, cGMPs (current good manufacturing practices), environmental and safety laws, etc., companies are adopting sustainable production techniques. Also, the chemicals and pharmaceuticals industries, which are end users of flow reactors, are growing at a significant pace globally, owing to the rising per capita income of medical products, the ever growing population, rising per capita income, etc.
For MRT systems, five chief applications have been considered: pharmaceutical, academic research, fine chemicals, petro chemicals, and others. The others' includes bio fuels, perfume and fragrance manufacturing, nano particles production, etc. which are discussed in depth in the report. The major regions considered are North America, Europe, Asia-Pacific, and ROW.
The top countries from all regions have also been discussed in the report. The total MRT systems market was $16.24 million in 2012 and is expected to grow at a CAGR of 22.8% till 2018, to reach $55.8 million. The plate- or chip-based MRT systems had a share of 43.3% in MRT systems, with capillary and micro structured that garnered shares of 28.4% and 28.3% respectively in 2012.
The continuous flow reactors market was $709.8 million in 2012 and is expected to reach $1,216.1 million by 2018, growing at a CAGR of 9.4%. The MRT systems market is the fastest growing market due to their continuous production advantage. The MRT systems market is estimated to grow at the highest CAGR, that is, 22.8% till 2018.
The CSTR and PFR markets are upcoming markets, but their growth rates are less compared to MRT systems due to lesser efficiency and manufacturing issues. The Microwave systems, a type of continuous flow reactor, are estimated to grow at a CAGR 9.5%, since they can only be used for laboratory applications. Europe and Asia-Pacific are the largest markets for continuous flow reactors due to heavy rates of industrialization that take place in these regions and in the recovering economy.