The Chromatography Resin Market was worth US$ 2.3 Billion in 2019 and is expected to grow at a CAGR of 6.9% through 2030.
Chromatography refers to the process that involves separation of components involved in a mixture. Chromatography consists of two phases – mobile phase and stationary phase. A mixture is dissolved in a fluid (this is mobile phase) and then is passed through a substance called a stationary phase. In stationary phase different components involved in the mixture travel at different speed based on their viscosity level. These travel times of various components are termed as retention time. This makes it easier for the separation of all the components involved.
Chromatography helps the scientists to separate inorganic and organic compounds to analyze their properties separately. More than 60% of the chemical analysis of the compounds is done with the help of chromatography. COVID - 19 outbreaks all over the globe has further spurred the growth of the global chromatography resin market. Chromatography Resin is used for protein breakdown, purification of monoclonal antibody which is used to treat cancer, dementia, diabetes, arthritis, etc., separation of chemical components in a mixture and for many other purposes.
North America has the major share in the global chromatography resin market. Increasing healthcare spending for research and development activities is the major factor supporting the growth of the chromatography resin market in North America. Presence of multinational healthcare companies in U.S. is also affecting the growth of market positively. After North America, Europe is the second largest revenue contributor in global chromatography resin market. Companies in European countries are mainly focusing on chemical compound analysis that would help the nations to control the COVID outbreak.
Asia Pacific will grow fastest throughout the forecast period of 2020 to 2030. Rising number of pharmaceutical and biotechnological start-ups in countries like India and China is supporting the growth of the market in this region. South America followed by Middle East & Africa will also see some considerable growth in the global chromatography resin market during the forecast period.
Chromatography Resin Market Value Share Analysis, by Geography (2022)
The report titled “Chromatography Resin Market- Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global chromatography resin market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global chromatography resin market is segmented into type, technique, end-use applications and geography. On the basis of type, global chromatography resin market is bifurcated as synthetic and natural. Synthetic segment is further divided into Agarose, Dextran and others. Natural product type of segment is further bifurcated into silica, polysterene and others. Synthetic product segment will grow at a higher CAGR during the forecast period of 2020-2030.
Natural resin segment has the largest share in the market during the forecast period of 2020-2030. Based on technique the market is further sub-segmented into ion exchange, hydrophobic interaction, affinity, size exclusion and others. On the basis of end-use applications market is bifurcated into Food & Beverage, water and environmental agencies, pharmaceutical and biotechnology and others. Pharmaceutical & biotechnology is further sub-segmented into drug discovery and drug production. Pharmaceutical and biotechnology accounted for largest share during the forecast period of 2020-2030. Rising demand for antibodies for critical illness diagnosis and treatment is supporting the growth of the market.
Based on geography, the global chromatography resin market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Belgium, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, South Korea, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, the UAE, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global chromatography resin market with a focus on all operating business segment and would identify and analyze the segment of the company focusing on chromatography resin. Further, market share of prominent companies in the global chromatography resin market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focusing on the chromatography resin companies. The global chromatography resin market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products and innovations regarding chromatography resin segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new innovations and patent filing information and geographic expansion in the global chromatography resin market.
Major players active in the global chromatography resin market include Merck KGaA, GE Healthcare Lifesciences, Purolite, Mitsubishi Chemical Corporation, Danaher, Bio-Rad Laboratories, Inc., Thermo Fisher Scientific, Inc., W. R. Grace & Co.-Conn., and Tosoh Corporation. COVID vaccine related demand is growing all over the world. Life Science companies are grabbing this opportunity to contribute their best in encoding the proteins that can be used for purification of vaccines.
Segmentation:
By Product Type
By Technique
By End-use applications
By Geography
Rising demand for antibodies for critical illness diagnosis and treatment is supporting the growth of the chromatography resin market.
The global chromatography resin market is estimated to exhibit a CAGR of 6.9% in terms of revenue over the forecast period.
Chromatography Resin is used for protein breakdown, purification of monoclonal antibody which is used to treat cancer, dementia, diabetes, arthritis, etc., separation of chemical components in a mixture and for many other purposes.
North America has the major share in the global chromatography resin market. Increasing healthcare spending for research and development activities is the major factor supporting the growth of the chromatography resin market in North America.
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