Chromatography Resin Market Global Trends, Market Share, Industry Size, Growth, Opportunities
Chromatography Resin Market to grow at a CAGR of over 6.4% from 2019 to 2029.
Growth in drug discovery processes to find a cure for Zika, Ebola, and other such deadly viruses are anticipated to boost the demand of the market over the forecast period. In addition, strict guidelines issued by food regulatory authorities around the world are anticipated to propel the market for chromatography resins over the forecast period. Moreover, the growing pharmaceutical industry in emerging economies like China and India is expected to have a positive impact on the industry.
Natural resin is estimated to be the largest type segment and is expected to gain significant share due to its low cost and easy to use qualities. Synthetic resin is expected to grow at a significant CAGR, owing to high productivity which enables its applications in continuous production. An increasing number of manufacturing and distribution units in the developing market is also expected to boost demand over the next eight years.
High demand for affinity chromatography resin due to its rising applications in pharmaceutical companies is expected to fuel growth in the near future. In addition, wide usage by the biotechnology sector in monoclonal antibodies for therapeutic purposes is anticipated to further propel market growth. Ion exchange resin is used in the separation of many complex mixtures, which is anticipated to contribute to the demand.
Factors such as high cost compared to other separation techniques due to high-priced raw materials and transportation are expected to pose a challenge for the market for chromatography resin. Additionally, the need for high-skilled professionals to operate these processes is expected to restrict market development in the near future.
The North American market held the largest market share 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.
Europe accounted for the second-largest market share owing to increasing healthcare expenditure. The Asia-Pacific market is expected to grow at the highest CAGR 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 the easy availability of cheap labor.
The major firms operating in the Global Chromatography Resin Market are Bio-Rad Laboratories, Inc. (US), Tosoh Corporation (Japan), Pall Corporation (US), Thermo Fisher Scientific Inc. (US), Mitsubishi Chemical Corporation (Japan), Avantor Performance Materials, Inc. (US), GE Healthcare (US), Merck KGaA (Germany), W. R. Grace & Co. (US), Purolite Corporation (US), and Repligen Corporation (US).
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Market Segmentation:
1. By Type
- Natural Polymer
- Synthetic Polymer
- Inorganic Media
2. By Technique
- Ion Exchange Chromatography
- Cation Exchange Chromatography
- Anion Exchange Chromatography
- Affinity Chromatography
- Bio-Specific Ligand-Based Affinity Chromatography
- Pseudo Bio-Specific Ligand-Based Affinity Chromatography
- Hydrophobic Interaction Chromatography
- Size Exclusion Chromatography
- Size Exclusion Chromatography
- Multimodal Chromatography
- Others
3. By Application
- Pharmaceutical & Biotechnology
- Production
- Academics & Research
- Food & Beverage
- Water & Environmental Analysis
- Others
4. By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Rest of the World
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Competitive Landscape:
- Tier 1 players- established companies in the market with a major market share
- Tier 2 players
- Emerging players which are growing rapidly
- New Entrants
FutureWise Takeaways
- Growth prospects
- SWOT analysis
- Key trends
- Key data points affecting market growth
Objectives of the Study:
- To provide an exhaustive analysis on the global chromatography resin market by type, by technique, by application, and by region
- To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
- To evaluate and forecast micro-markets and the overall market
- To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the rest of the world
- To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
- Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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