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The global Chromatography Resin market size is projected to reach US$ 3.06 billion by 2026, from US$ 2.1 billion in 2020, at a CAGR of 6.5% during 2021-2026. Increasing healthcare expenditure coupled with awareness among public regarding quality and safety of food types will impel growth. Rise in number of Contract Research Organization (CRO) and Contract Manufacturing Organization (CMO) is expected to further drive the market over the forecast period. Growth in drug discovery processes to find cure for Zika, Ebola, and other such deadly viruses is anticipated to further boost demand over the forecast period. In addition, strict guidelines issued by food regulatory authorities around the world are anticipated to propel market for chromatography resins over the next eight years. Moreover, 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. Increasing number of manufacturing and distribution units in developing market is also expected to boost the 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 near future. In addition, wide usage by biotechnology sector in monoclonal antibodies for therapeutic purposes is anticipated to further propel market growth. Ion exchange resin is used in separation of many complex mixtures, which is anticipated to contribute to the demand from 2017 to 2025. 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, need for high-skilled professionals to operate these processes is expected to restrict market development in near future.
Abstract, Snapshot, Market Analysis & Market Definition: Global Chromatography Resin Market
Market Segmentation, Outlook & Viewpoint: Global Chromatography Resin Market
Type Market Segmentation & Outlook (Volume, Thousand Liters; Revenue, USD Million, 2014 - 2025)
- Inorganic Media
Technique Market Segmentation & Outlook (Volume, Thousand Liters; Revenue, USD Million, 2014 - 2025)
- Ion Exchange
- Hydrophobic Interaction
- Size Exclusion
End use Market Segmentation & Outlook (Volume, Thousand Liters; Revenue, USD Million, 2014 - 2025)
- Pharmaceutical & Biotechnology
- Food & Beverage
Pharmaceutical and biotechnology emerged as the dominant end use segment in 2016 owing to huge consumption of resin in pharmaceutical processes to prepare highly pure materials in largequantities and to examine purified compounds for contamination. Moreover, growing use of monoclonal antibodies in crucial therapeutic areas such as tuberculosis, oncology, and autoimmune diseases is likely to drive demand for chromatography resin. Increasing number of CROs and CMOs in pharmaceutical sector is anticipated to propel growth of the market for chromatography resins. Food and Beverage is another dominant end use segment on account of high consumption in quality control processes. Rising awareness about the quality and safety of food products is encouraging food manufacturers to thoroughly comply with guidelines provided by food regulatory authorities. This is expected to fuel the use of chromatography resin in food and beverages in the coming years.
Key Players, Recent Developments & Regional Insights: Global Chromatography Resin Market
U.K. and Germany cumulative accounted for over 48.0% of the Europe market in terms of revenue in 2016 on account of increasing healthcare expenditure. These countries have witnessed increased government funding for research of drug discovery. These factors combined with high food quality standards are expected to have a positive impact market growth over next eight years. Asia Pacific was valued at USD 400 million by 2016 attributed to the initiatives by Indian and Chinese governments to boost their pharmaceutical sector. Asia Pacific is expected to remain the fastest growing market from 2017 to 2025. Increasing disposable income and high health care expenditure coupled with easy availability of skilled and cheap workforce is anticipated to boost pharmaceutical and biotechnology sector in these regions. Significant increase demand for from food and beverage industry is expected to further boost regional growth over the forecast period.
Key players in the market include Merck KGaA; GE Healthcare Lifesciences; Tosoh Corp; Purolite Corp; Danaher Corp; Mitsubishi Chemical; W.R Grace; Thermo Fisher, Inc.; Bio-Rad Labs; and others. In November 2015, Merck KGaA acquired Sigma -Aldrich and this acquisition would enable Merck to foray especially into chromatography market. Manufacturers are focusing to improve typeivity of their resin beads and finding innovative applications, which would help them increase market share over the forecast period. Hence, the companies have been heavily investing in research and development to maintain and increase their customer base.
Chromatography Resin Market Share Insights
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Chromatography Resin industry. 2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Chromatography Resin industry. 3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Chromatography Resin industry. 4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Chromatography Resin industry. 5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Chromatography Resin industry.
Key Insights Covered: Global Chromatography Resin Market
Research Methodology: Global Chromatography Resin Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
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Table of Contents Chapter 1 Methodology and Scope 1.1 Research methodology 1.2 Research scope and assumptions 1.3 List of data sources 1.4 List of abbreviationsChapter 2 Executive Summary 2.1 Market snapshotChapter 3 Market Variables, Trends, and Scope 3.1 Market segmentation 3.2 Penetration & growth prospect mapping, 2014 - 2025 3.3 Value chain analysis 3.4 Regulatory framework 3.5 Technology overview 3.6 Market dynamics 3.6.1 Market driver analysis | read more...