Global Chromatography Resin Market to grow at a CAGR of over 6.4% from 2019 to 2029.
The main driver for the chromatography resins a huge demand for monoclonal antibodies. There has been a huge demand for monoclonal bodies owing to a growing number of critical diseases resulting in these types of therapeutics to swiftly gain significance. Food analytics is also one of the major drivers for the chromatography resins market. Chromatography resins are used in nutraceuticals and nutritional chemistry. Chromatography resins are used to detect food additives (adulteration) which have been major issues in the food industry. Biotechnology & pharmaceuticals are the leading end-users for chromatography resins and are likely to gain more importance in the near future. Chromatography resins are also used in industrial applications such as water treatment and environmental analysis. Some of the academic uses of chromatography resins are in genetic engineering and drug recovery which can provide various opportunities for the chromatography resins market. In spite of numerous applications, regulations associated with these applications can act as a major restraint for the chromatography resins market in the coming years.
Surging demand for the product in chromatography tests in drug approvals is expected to drive the market growth. Factors such as increasing R&D spending on pharmaceuticals and growing demand for therapeutic antibodies are anticipated to favor the market growth. Additionally, the rising use of Chromatography Resins as a separation technique in the food and beverage industry is further expected to boost market growth. Growing investments in emerging economies of Asia-Pacific and growing demand for biosimilars is likely to provide lucrative opportunities to the market players. Furthermore, the growing importance of green chromatography and increasing use of liquid chromatography-mass spectrometry in research is anticipated to provide ample opportunities to the market players.
However, Chromatography Resins are costlier than other separation techniques which are expected to hamper the market growth. Additionally, the lack of adequate skilled professionals in developing countries is further anticipated to hinder the market growth.
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 trends 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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