Chromatography Resin Market Overview to 2023:
Chromatography is a process to split or separate a blend of colored components into individual elements. Chromatography Resins help in isolation of desired components from mixture of compounds. They are incorporated into chromatography devices and is used in diagnostic test development, and separation of biomolecules. Choice of resins is very crucial to ensure effective and accurate separation of individual components.
Surging demand for the product in chromatography tests in drug approvals is expected to drive the market growth. Factors such as increasing R&D spending on pharmaceuticals and growing demand for therapeutic antibodies are anticipated to favor the market growth. Additionally, rising use of Chromatography Resins as a separation technique in food and beverage industry is further expected to boost the market growth. Growing investments in emerging economies of Asia-Pacific and growing demand for biosimilars is likely to provide lucrative opportunities to the market players. Furthermore, growing importance of green chromatography and increasing use of liquid chromatography-mass spectrometry in research is anticipated to provide ample opportunities to the market players.
However, Chromatography Resins are costlier than other separation techniques which is expected to hamper the market growth. Additionally, lack of adequate skilled professionals in developing countries is further anticipated to hinder the market growth.
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Segmentation Analysis:
The Global Chromatography Resin Market has been segmented on the basis of type, technique, application, and region
By Type, the Global Chromatography Resin Market has been categorized into natural resin, synthetic resin, and inorganic media.
Based on Technique, the Global Chromatography Resin Market has been classified into ion exchange chromatography, affinity chromatography, hydrophobic interaction chromatography, size exclusion chromatography, multi-modal chromatography, and others.
On the basis of Application, the Global Chromatography Resin Market has been divided into pharmaceuticals and biotechnology, food and beverages, water and environment analysis, academics and research, diagnostics, agriculture, and others.
The Global Chromatography Resin Market has been analyzed across five key regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Key Players:
- Bio-Rad Laboratories, Inc.
- Tosoh Corporation
- Pall Corporation
- Thermo Fisher Scientific Inc.
- Mitsubishi Chemical Corporation
- Avantor Performance Materials, Inc.
- GE Healthcare
- Merck KGaA
- W. R. Grace & Co.
- Purolite Corporation
- Repligen Corporation
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Regional Analysis:
The Global Chromatography Resin Market has been segmented into five key regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The North American market held the largest market share in 2017 and is expected to maintain its dominance in the coming years owing to the surging pharmaceutical industry in the region. The US is the major contributor in the region owing to advanced chromatography techniques and ongoing research and development facilities for the development of biologics and drugs.
The Europe accounted for the second-largest market share in 2017 owing to increasing healthcare expenditure. Germany is the leading country in the region due to growing concerns for high quality food standards and government investments for research of drug discovery. The UK, France, Italy among others are countries contributing to the regional market growth.
The Asia-Pacific market is expected to grow at the highest CAGR in the coming years owing to the rising demand for the product in food and beverages and healthcare end-use industry. India and China are the major contributors due to rising government funding in pharmaceutical research activities and easy availability of cheap labor. Japan, South Korea, and Indonesia among others are other countries contributing to the regional market growth.
The Latin America and the Middle East and Africa market held a moderate market share and is expected to grow at a steady CAGR during the forecast period. This is attributed to lack of skilled professionals. Brazil and Saudi Arabia are the prominent countries contributing to the regional market growth.
Target Audience:
- Traders and Distributors of Chromatography Resin
- Chromatography Resin Manufacturers
- Potential Investors
- Production Process Industries
- Raw Material Suppliers
- Nationalized Laboratories
- Government Bodies
- Research Organizations
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