Micro Reactor Technology Market Size, Status and Forecast 2022 by AM Technology, Little Things Factory, Microinnova Engineering GmbH, Thaletec GmbH, Vapourtec Ltd, Ehrfeld Mikrotechnik BTS, Uniqsis Ltd, Chemtrix Ltd

Global Micro Reactor Technology Market - Segments

The Global MRT Market can be segmented into four key dynamics for the convenience of the report and enhanced understanding;

By Types: Comprises Disposable and Reusable.

By Applications: Chemical Synthesis, Polymer Synthesis, Process Analysis, and Material Analysis among others.

By End-Users: Specialty Chemicals, Pharmaceuticals, and Commodity Chemicals among others.

By Regions: North America, Europe, APAC and Rest-of-the-World (RoW).

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The Disposable type segment accounted for the largest market share in 2015.

Whereas the Chemical Synthesis segment emerged as the leading application segment.

The Specialty Chemicals segment, on the basis of end-users, accounted for the largest market share in 2015.

While, the Specialty Chemical segment continues to remain at the top position in term of consumptions.

Micro Reactor Technology Market - Regional Landscape

The North America region accounted for the dominating market for Micro Reactor Technology with the largest as in 38% of the market share and is further expected to grow at a significant CAGR throughout the forecast period.

Owing to the growing pharmaceutical sector in the country, the US market witnesses the largest consumer base for the Micro Reactor Technology. Post to the recovering from the recession; companies are focusing more on profits by reducing material composites of high prices, which in turn, has boosted the Micro Reactor Technology Market growth in the US.

Globally, Europe accounted for the second-largest market, owning 30% of the global market share. Factors such as the growing applications of the technology in the Chemicals manufacturing, predominantly drive the regional market growth. Owing to the major growth contributor countries such as Germany, UK, and Russia, Europe region is expected to register a phenomenal CAGR over the forecast period.

The Asia Pacific Micro Reactor Technology market has emerged as one of the lucrative markets, growing rapidly. In 2015, the market captured almost 21% of the total market share. The burgeoning pharmaceutical sector is substantiating the market growth in the various regions of APAC.

Besides the factors such as the presence of a number of vendors providing the technology coupled with the availability of cost-comprehensive labor-force substantiate the regional market growth. Owing to the surging demand for Micro Reactor Technology backed by the ever-increasing investments in the pharmaceutical sector, some of the APAC countries such as India, China, and Japan are accounting for the major growth contributors to the market in the region.

Micro Reactor Technology Market – Competitive Landscape

The market is fairly stable as far as the eye can see but soon will face fierce competition. Micro Reactor Technology Market exhibits the immense growth potential hence new entrants are eager to join the team however well-established Key players are posing as a challenge. Like any other market well-established players incorporate acquisition, collaboration, partnership, expansion, product & technology launch to gain the competitive advantage in this market and to maintain their market position.

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Industry/Innovation/Related News:

June 07, 2018 – Westinghouse Electric Company (US) announced the receiving of the funding of USD 5 million from the U.S. Department of Energy’s (DOE’s) Advanced Research Projects Agency-Energy (ARPA-E) for the development of a self-regulating solid core block (SCB) that employs solid materials instead of bulk liquid flow or moving parts, inherently self-regulating the reaction rate in a nuclear reactor. The development of the SCB is a key component of company’s eVinci TM microreactor concept, a next-generation, the micro modular reactor for decentralized generation markets.

January 15, 2018 – Anton Paar GmbH (Austria) a company involved in development, production, and sales of analytical instruments for laboratories and process analytical technology announced the development (Printing) of a micro-flow-reactor that could simplify the chemical synthesis dramatically. The device, made of steel via direct laser metal sintering is developed within an international research project called “CC Flo” which is the starting point for tailor-made microreactors from the company.

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