Market Overview:
The global photochemical reactors market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for monochromatic LEDs and low pressure mercury lamps in various applications such as chemical synthesis, environment protection, life science, and others. In addition, the growing demand for medium pressure mercury lamps in Asia Pacific is also contributing to the growth of the global photochemical reactors market. However, high installation and maintenance costs are restraining the growth of this market.
Product Definition:
A photochemical reactor is a device used to produce chemical reactions using light. The importance of photochemical reactors is that they can produce reactions that would not occur otherwise, due to the high energy of photons. Photochemical reactors have a wide range of applications, from producing pharmaceuticals to cleaning up oil spills.
Medium Pressure Mercury Lamp:
The global market for photochemical reactors is expected to grow at a significant rate on account of rising demand from end-use industries such as pharmaceuticals, food & beverages, and textiles. Photochemical processes are used in these industries for various applications such as synthesis of drugs, production of dyes & pigments, and protection against UV light. The increasing use of mercury lamps in the aforementioned application is expected to drive the medium pressure mercury lamp market over the forecast period.
Low Pressure Mercury Lamp:
Low pressure mercury lamp is a device used in photochemical reactors for the production of methylene chloride, ethylene chloride and propylene. It works on the basis of oxidation process. Methylene chloride and ethylene are used as raw materials for polycarbonate plastics and resins which are further utilized in numerous end-use industries such as automotive & transportation, building & construction, electrical & electronics industries.
Application Insights:
The chemical synthesis segment dominated the global market in terms of revenue share in 2017. The growth can be attributed to increasing demand for chemicals for a wide range of applications including pharmaceuticals, paints and coatings, plastics, agricultural chemicals, and others. Photochemical reactors are widely used to produce high purity products with high yield as compared to other synthetic methods.
Reactors are also used extensively across the life science industry for research purposes or drug discovery programs where compounds need to be isolated or purified from biological materials like proteins or nucleic acids. In-vitro techniques such as western blotting and gel extraction are being replaced by out-of-vitro techniques such as protein purification using gel filtration that is performed in a photoreactor based laboratory setting at major academic institutions across the world owing to its higher efficiency than other traditional purification methods employed during drug discovery process development cycle.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% of global revenue in 2017, owing to large-scale investments made by countries such as China and India. In 2016, China announced plans to set up a total of 10 nuclear power units with an installed capacity of around 6 GW by 2020. These plants are expected to be operational between 2020 and 2025.
In addition, India has planned installation of 20 GW solar photovoltaic projects by 2022 which is likely to drive demand for photochemical reactors used for chemical synthesis applications across the country over the next seven years. Furthermore, Japan’s Ministry Of Economy Trade And Industry (METI) has signed agreements with Germany's BASF SE; France's Total SA; Russia's Gazprom PLC; Italy's Eni SPA and CNPC Energy Technology Co., Ltd.; Korea Electric Power Corp.
Growth Factors:
- Increasing demand for photochemical reactors in the pharmaceutical and biotechnology industries for the production of APIs and other intermediates.
- Growing demand from the agrochemical industry for production of agrochemicals such as pesticides and herbicides.
- Rising demand from the cosmetics industry for production of specialty chemicals used in skin care products, hair care products, etc.
- Increasing use of photochemical reactors in research institutes and universities for synthesis of new molecules under controlled conditions.
Scope Of The Report
Report Attributes
Report Details
Report Title
Photochemical Reactors Market Research Report
By Type
Medium Pressure Mercury Lamp, Low Pressure Mercury Lamp, Monochromatic LEDs
By Application
Chemical Synthesis, Environment Protection, Life Science, Others
By Companies
Corning, Techinstro, Photochemical Reactors Ltd, Ekato, Vapourtec, Amarequip, TOPTION, Lelesil Innovative Systems, JULABO, UKRORGSYNTEZ Ltd., Corning, Xi'an Taikang, Shanghai Jinpeng, Shanghai Xiyu
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Photochemical Reactors Market Report Segments:
The global Photochemical Reactors market is segmented on the basis of:
Types
Medium Pressure Mercury Lamp, Low Pressure Mercury Lamp, Monochromatic LEDs
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical Synthesis, Environment Protection, Life Science, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Corning
- Techinstro
- Photochemical Reactors Ltd
- Ekato
- Vapourtec
- Amarequip
- TOPTION
- Lelesil Innovative Systems
- JULABO
- UKRORGSYNTEZ Ltd.
- Corning
- Xi'an Taikang
- Shanghai Jinpeng
- Shanghai Xiyu
Highlights of The Photochemical Reactors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Medium Pressure Mercury Lamp
- Low Pressure Mercury Lamp
- Monochromatic LEDs
- By Application:
- Chemical Synthesis
- Environment Protection
- Life Science
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Photochemical Reactors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A photochemical reactor is a device that uses light to produce chemical reactions.
Some of the major players in the photochemical reactors market are Corning, Techinstro, Photochemical Reactors Ltd, Ekato, Vapourtec, Amarequip, TOPTION, Lelesil Innovative Systems, JULABO, UKRORGSYNTEZ Ltd., Corning, Xi'an Taikang, Shanghai Jinpeng, Shanghai Xiyu.
The photochemical reactors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photochemical Reactors Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Photochemical Reactors Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Photochemical Reactors Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Photochemical Reactors Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Photochemical Reactors Market Size & Forecast, 2018-2028 4.5.1 Photochemical Reactors Market Size and Y-o-Y Growth 4.5.2 Photochemical Reactors Market Absolute $ Opportunity
Chapter 5 Global Photochemical Reactors Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Photochemical Reactors Market Size Forecast by Type
5.2.1 Medium Pressure Mercury Lamp
5.2.2 Low Pressure Mercury Lamp
5.2.3 Monochromatic LEDs
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Photochemical Reactors Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Photochemical Reactors Market Size Forecast by Applications
6.2.1 Chemical Synthesis
6.2.2 Environment Protection
6.2.3 Life Science
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photochemical Reactors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Photochemical Reactors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Photochemical Reactors Analysis and Forecast
9.1 Introduction
9.2 North America Photochemical Reactors Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Photochemical Reactors Market Size Forecast by Type
9.6.1 Medium Pressure Mercury Lamp
9.6.2 Low Pressure Mercury Lamp
9.6.3 Monochromatic LEDs
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Photochemical Reactors Market Size Forecast by Applications
9.10.1 Chemical Synthesis
9.10.2 Environment Protection
9.10.3 Life Science
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Photochemical Reactors Analysis and Forecast
10.1 Introduction
10.2 Europe Photochemical Reactors Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Photochemical Reactors Market Size Forecast by Type
10.6.1 Medium Pressure Mercury Lamp
10.6.2 Low Pressure Mercury Lamp
10.6.3 Monochromatic LEDs
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Photochemical Reactors Market Size Forecast by Applications
10.10.1 Chemical Synthesis
10.10.2 Environment Protection
10.10.3 Life Science
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Photochemical Reactors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Photochemical Reactors Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Photochemical Reactors Market Size Forecast by Type
11.6.1 Medium Pressure Mercury Lamp
11.6.2 Low Pressure Mercury Lamp
11.6.3 Monochromatic LEDs
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Photochemical Reactors Market Size Forecast by Applications
11.10.1 Chemical Synthesis
11.10.2 Environment Protection
11.10.3 Life Science
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Photochemical Reactors Analysis and Forecast
12.1 Introduction
12.2 Latin America Photochemical Reactors Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Photochemical Reactors Market Size Forecast by Type
12.6.1 Medium Pressure Mercury Lamp
12.6.2 Low Pressure Mercury Lamp
12.6.3 Monochromatic LEDs
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Photochemical Reactors Market Size Forecast by Applications
12.10.1 Chemical Synthesis
12.10.2 Environment Protection
12.10.3 Life Science
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Photochemical Reactors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Photochemical Reactors Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Photochemical Reactors Market Size Forecast by Type
13.6.1 Medium Pressure Mercury Lamp
13.6.2 Low Pressure Mercury Lamp
13.6.3 Monochromatic LEDs
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Photochemical Reactors Market Size Forecast by Applications
13.10.1 Chemical Synthesis
13.10.2 Environment Protection
13.10.3 Life Science
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Photochemical Reactors Market: Competitive Dashboard
14.2 Global Photochemical Reactors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Corning
14.3.2 Techinstro
14.3.3 Photochemical Reactors Ltd
14.3.4 Ekato
14.3.5 Vapourtec
14.3.6 Amarequip
14.3.7 TOPTION
14.3.8 Lelesil Innovative Systems
14.3.9 JULABO
14.3.10 UKRORGSYNTEZ Ltd.
14.3.11 Corning
14.3.12 Xi'an Taikang
14.3.13 Shanghai Jinpeng
14.3.14 Shanghai Xiyu