Chromatography Resin Market Overview to 2023:
Chromatography is a process to split or separate a blend of
colored components into individual elements. Chromatography Resins help in
isolation of desired components from mixture of compounds. They are
incorporated into chromatography devices and is used in diagnostic test
development, and separation of biomolecules. Choice of resins is very crucial
to ensure effective and accurate separation of individual components.
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, rising use
of Chromatography Resins as a separation technique in food and beverage
industry is further expected to boost the 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, 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 is expected to hamper the market growth.
Additionally, lack of adequate skilled professionals in developing countries is
further anticipated to hinder the market growth.
Segmentation Analysis:
The Global Chromatography Resin
Market has been segmented on the basis of type, technique, application,
and region
By Type, the Global Chromatography Resin Market has been
categorized into natural resin, synthetic resin, and inorganic media.
Based on
Technique, the Global Chromatography Resin
Market has been classified into ion exchange chromatography, affinity
chromatography, hydrophobic interaction chromatography, size exclusion
chromatography, multi-modal chromatography, and others.
On the
basis of 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 Global Chromatography Resin
Market has been analyzed across five key regions, namely, Asia-Pacific, North
America, Europe, Latin America, and the Middle East & Africa.
Key Players:
Ø
Bio-Rad Laboratories, Inc.
Ø
Tosoh Corporation
Ø
Pall Corporation
Ø
Thermo Fisher Scientific Inc.
Ø
Mitsubishi Chemical
Corporation
Ø
Avantor Performance
Materials, Inc.
Ø
GE Healthcare
Ø
Merck KGaA
Ø
W. R. Grace & Co.
Ø
Purolite Corporation
Ø
Repligen Corporation
Regional Analysis:
The Global Chromatography Resin Market has been
segmented into five key regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle
East & Africa.
The North American market held the largest market share
in 2017 and is expected to maintain its dominance in the coming years owing to
the surging pharmaceutical industry in the region. The US is the major
contributor in the region owing to advanced chromatography techniques and
ongoing research and development facilities for the development of biologics
and drugs.
The Europe accounted for the second-largest market share
in 2017 owing to increasing healthcare expenditure. Germany is the leading
country in the region due to growing concerns for high quality food standards
and government investments for research of drug discovery. The UK, France,
Italy among others are countries contributing to the regional market growth.
The Asia-Pacific market is expected to grow at the
highest CAGR in the coming years owing to the rising demand for the product in
food and beverages and healthcare end-use industry. India and China are the
major contributors due to rising government funding in pharmaceutical research
activities and easy availability of cheap labor. Japan, South Korea, and
Indonesia among others are other countries contributing to the regional market
growth.
The Latin America and the Middle East and Africa market
held a moderate market share and is expected to grow at a steady CAGR during
the forecast period. This is attributed to lack of skilled professionals.
Brazil and Saudi Arabia are the prominent countries contributing to the
regional market growth.
Target Audience:
- Traders and Distributors of Chromatography Resin
- Chromatography Resin Manufacturers
- Potential Investors
- Production Process Industries
- Raw Material Suppliers
- Nationalized Laboratories
- Government Bodies
- Research Organizations
Related Report @ https://www.marketresearchfuture.com/categories/chemicals-market-report
NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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