Chromatography Resin Market 2021 Demand Analysis, Business Opportunities, Growth Statistics, Revenue and Forecast to 2027
Market Overview:
The Chromatography Technique is used in separation
and purification of colored components into individual components.
Chromatography Resins are used in isolation of desired components from mixture
of compounds. In chromatography, choice of resin is very important to ensure
accurate separation of individual components.
Competitive Analysis:
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) are the major players operating
in the Global Chromatography Resins Market.
Regional Analysis:
The Global Chromatography
Resin Market has been analyzed across five key regions, namely,
Asia-Pacific, North America, Latin America, Europe, and the Middle East &
Africa.
The North America dominated the chromatography resin
market in 2017 and is expected to maintain this trend during the assessment
period. This is attributed to the growing pharmaceutical industry and
government funding for drug discovery in the region. The US is the leading
country in the region owing to the increasing innovation; and presence of major
manufacturing companies in the region such as Bio-Rad Laboratories, Inc. and GE
Healthcare. The Asia-Pacific market is projected to grow at a high CAGR in the
following years owing to the easy availability of labor and growing government
investments in healthcare industry. China is the leading country in the region
followed by Japan, India, and South Korea owing to growing healthcare
expenditure and rising awareness for food safety.
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By 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 pharmaceuticals and biotechnology segment
accounted for the largest market share in 2017 owing to surging demand for
monoclonal antibodies in crucial therapeutic areas such as oncology and
tuberculosis among others. In addition to this, rising number of Contract
Research Organizations (CROs) and Contract Manufacturing Organization (CMOs) in
pharmaceutical sector is anticipated to propel the market growth. The food and
beverages segment is expected to be fastest-growing in the coming years owing
to growing consumption of the product in quality control process and rising
concerns of food safety and quality.
Market Segmentation:
The Global Chromatography Resins Market has been
segmented into Type, Technique and Application.
Based on Type, the Global Chromatography Resins
Market has been categorized into natural resin, synthetic resin, and inorganic
media. The natural resin segment was the largest in 2017 owing to its low-cost
and easy application. The synthetic resin segment is expected to grow at the
highest CAGR in the coming years due to its high productivity in continuous
production.
On the basis of Technique, the Global Chromatography
Resins Market has been categorized into ion exchange chromatography, affinity
chromatography, hydrophobic interaction chromatography, size exclusion
chromatography, multi-modal chromatography, and others. The ion exchange
chromatography segment held the largest market share in terms of volume in 2017
owing to growing demand for this technique in the pharmaceutical and
biotechnology industries. The affinity chromatography segment is expected to
grow at a robust CAGR during the review period owing to its ease of operation,
throughput, superior specificity, and better yield.
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