Chromatography Resins Market Size, Growth, Analysis - Forecasts to 2026
Global Chromatography Resins Market Insights
The global Chromatography Resins market is expected to grow at a moderate CAGR during the forecast period. Chromatography is used for purifying biomolecules. Chromatography resins find applications in the pharmaceutical industry, food & beverages and environmental analysis. The market is driven by growth in research activities and high growth in the food industry. Rapid growth in the pharmaceutical industry in developing countries is further expected to boost growth in the chromatography resins market.
However, factors such as high cost of chromatography resins, higher cost of raw materials and additional transportation costs are expected to have a negative impact on growth in the chromatography resins market.
Global Chromatography Resins Market: Type Insights
Based on the type, the global Chromatography Resins market is segmented into natural, synthetic and inorganic media among others. Natural resins are estimated to hold the largest market share in terms of revenue. Natural resins are used extensively in paper chromatography and size exclusion among others. Synthetic resins are expected to be the fastest growing segment, owing to recent developments in synthetic resin manufacturing. The inorganic media segment is also projected to hold a significant share in the global chromatography resins market.
Global Chromatography Resins Market: Technique Insights
The global chromatography resins market can be segmented based on technique into ion exchange, affinity, hydrophobic interaction and size exclusion among others. The ion exchange and size exclusion segments are expected to hold the major market share in terms of revenue. This can be attributed to growing consumption demand from the pharmaceutical and biotechnology industries. Advancements in drug discovery is expected to be one of the major drivers for segmental growth.
Global Chromatography Resins Market: By End Use Insights
The Global Chromatography Resins market is segmented into pharmaceutical & biotechnology and food & beverage among others. The pharmaceutical & biotechnology segment is expected to dominate the market owing to extensive consumption of resin in pharmaceutical manufacturing. Food & beverages is estimated to be the second largest segment in the chromatography resins market due to high demand in quality control processes. Growing awareness about food quality and safety is further expected to fuel market growth.
Global Chromatography Resins Market: Regional Insights
Asia Pacific is projected to be the fastest growing region, with China and India being the major revenue contributors. Efforts taken by the Indian and Chinese governments to boost the pharmaceutical industry are one of the major drivers in the market. Europe is also estimated to hold a significant market share owing to growing research funding and advancements in drug discovery.
Global Chromatography Resins Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase Global Chromatography Resins over the coming years. Some companies which are currently using Global Chromatography Resins and are likely to purchase it in future are CARE hospitals, Johns Hopkins Hospital and Apollo Hospital among others.
Global Chromatography Resins Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Global Chromatography Resins Market: Share & Competitor Analysis
Some of the key players operating in the Global Chromatography Resins market are GE Healthcare Lifesciences; Thermo Fisher, Inc.; Merck KGaA; Danaher Corp; Tosoh Corp; Purolite Corp; W.R Grace; Mitsubishi Chemical; and Bio-Rad Labs among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In January 2017, Kaneka Corporation launched a new chromatography resin with enhanced binding capacity for purification of antibody drugs.
In November 2015, Merck KGaA acquired Sigma -Aldrich which would enable Merck to venture into the chromatography market.
Check the Press Release on Global Chromatography Resins Market Report
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The global Chromatography Resins Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Chromatography Resins Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies, and customer analytics.
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