Chemical Reactors: Market Overview
Globally, the industrial sector in any geographical region plays a vital role in the growth of the economy through manufacture, export or other means. The global economy is supported by increased industrial production globally. The chemical sector is an important entity that influences growth of a region in many aspects. It has been experiencing promising growth over the last couple of years and is expected to thrive with the same potential over the next few years. Manufacturing of chemicals involves several operations and the primary equipment required for production are chemical reactors. Chemicals reactors are vital equipment of any chemical process industry. A chemical reactor is a vessel that contains reaction mass for manufacturing of various chemicals, in which mass transfer, heat transfer, friction, diffusion and other processes take place. A chemical reactor ensures safety and uninterrupted flow of process.
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The economics of overall chemical process are determined and primarily depend upon chemical reactor. The prime element of any chemical reactor is the material balance of the reaction and heat and mass transfer of the same. Several factors, such as raw materials used and their chemical and physical characteristics, thermodynamic behavior of every component taking part in the reaction, reaction rate, heat of the reaction, corrosion and erosion characteristics, are considered before designing any chemical reactor.
Chemical reactors have several components, such as a jacket that can increase or reduce the temperature as per the reaction mass demand, internal coils that provide heat to reaction mass when needed, an external heat exchanger that is used for circulation purpose, the cooling effect that may help while transferring reaction mass from one reactor to other, an agitator that mixes the reaction mass homogenously and instrumentation controls that control the temperature and pressure throughout the reaction time.
The chemical reactors market is experiencing substantial growth and is expected to expand with a double-digit CAGR in during the forecast period, owing to the significant application of reactors in the chemical industry.
Chemical Reactors: Product Definition and Segmentation
The chemicals reactors market can be segmented on the basis of the following criteria:
On the basis of mode of operation, chemical reactors market can be segmented as:
- Batch Type
- Semi Batch
- Continuous Plug Flow Reactor Tubular Flow Reactor
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On the basis of material of construction, chemical reactors market can be segmented as:
- Mild Steel
On the basis of size, chemical reactors market can be segmented as:
- Below 10 KL
- 10 KL– 15 KL
- Above 15 KL
On the bass of classification of end use, chemical reactors market can be segmented as:
- Polymerization Reactors
- Electrochemical Reactors
On the basis of end use industry, chemical reactors market can be segmented as:
- Food & Beverages
- Pulp & Paper
- Other Industrial
Chemical Reactors Market: Regional Outlook
Supply of various chemicals is dominated by Asia Pacific region across the globe, with significant chemicals production volumes, China is expected to lead the chemical reactors market followed by North America and European region.
Increasing degree of fragmentation in supply of bulk and agrochemicals across the globe is expected to be a key driver in the global chemical reactors market. Replacement and refurbishment activities in established economies are further expected to drive growth in global chemical reactors market.
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Chemical Reactors Market: Key Players
Key players identified in the global chemical reactors market are Bepex International LLC, SV Equipments, McGean-Rohco Inc, Oxkem Limited, Kalina Engineering Pvt. Ltd, Pratik Engineering, Hexamide Agrotech Inc, Dharma Engineering and Sigma Scientific Glass Pvt. Ltd.