A new report by Report Ocean states that the global chromatography resin market, which stood at US$2.1 Bn in 2019, is expected to rise at a CAGR of 7.0% between 2020 and 2027. The title of the research report is Global Chromatography Resin Market Size study, by Type (Natural, Synthetic, Organic, Inorganic Media), Technique (Ion Exchange, Affinity, Hydrophobic Interaction, Size Exclusion, Multimodal), Application (Pharma & Biotechnology, Food & Beverage, Water and Environmental Analysis, Others) and Regional Forecasts 2020-2027.
The global chromatography resins market is driven significantly by the emergence of the biopharmaceuticals and the biotechnology industries. As chromatography resins are used in chromatography devices for a wide range of research requirements, such as diagnostic tests, food and drug processing and purification, and separation of biomolecules, their demand is significantly high in these industries. The uptake of advanced technologies in the food and beverages industry in order to maintain cleanliness and hygiene is fueling the demand for chromatography devices and, in turn, for chromatography resins.
Furthermore, high investments by pharma and biotech companies in research and development and increased funding in academic and industrial collaborations are likely to support the growth of the global chromatography resins market in the near future. While, the availability of other methods, such as protein crystallization and electrophoresis, may hinder the growth trajectory, the continued innovation in technology will maintain the balance over the next few years.
In terms of application, the pharmaceuticals, the biotechnology, and the food and beverages industries have been leading the global chromatography resins market. With the increasing application of chromatography devices in food processing, monoclonal antibody production, and purification of food, these application segments will expected to continue to lead over the next few years. On the basis of types, organic chromatography resins, such as dextran, agarose, and cellulose have gained more market acceptance as compared to inorganic and synthetic resins.
Increase in Research Activities to Boost North America Chromatography Resin Market
A regional analysis of the global market for chromatography resin is also offered in this research report. Thanks to the increasing research activities for biologics and drug development, North America has emerged as the leading regional market for chromatography across the world. Experts suggest the scenario to remain so over the next few years.
Asia Pacific is another regional market that is reporting a high growth rate. The increasing disposable income of consumers and the rising number of contract manufacturers are expected to create lucrative growth prospects for the Asia Pacific market for chromatography resin, states the research report.
Impact of Covid 19 on Global Chromatography Resin Market
With the widespread of Coronavirus across the world, the global markets have nosedived. The chromatography resin market is also witnessing a slump in its valuation. However, when the situation gets normalized, the market is anticipated to gradually recover over the next few years.
- The pharma and biotechnology and the food and beverages industries have surfaced as the key application areas of chromatography resins.
- North America is expected to surface as the key regional market for chromatography resins. The increase in research activities will support the growth.
- The rising number of contract manufacturers is projected to aid Asia Pacific chromatography resin market.
The global chromatography resin market is segmented into:
- Inorganic Media
- Ion Exchange
- Hydrophobic Interaction
- Size Exclusion
- Pharma & Biotechnology
- Food & Beverage
- Water and Environmental Analysis
- North America
- Latin America
- Asia Pacific
- Rest of the World
Companies Mentioned in the Report
- GE Healthcare
- Merck KGaA
- Bio-Rad Laboratories
- Thermo Fisher Scientific Inc.
- Tosoh Corp.
- Mitsubishi Chemical Corp.
- Pall Corp.
- Purolite Corp.
- Repligen Corp.
- Avantor Performance Materials Inc.
Company Name: Report Ocean
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