Global Chromatography Resins Market- Industry Analysis and Forecast (2020-2027)
The global chromatography resins market was valued US$ 2.18 Bn in 2019 and is expected to reach US$ X.8 Bn by 2027, at a CAGR of X.2 % during a forecast period.
Global Chromatography Resins Market
Market Definition:
Chromatography resins are used in purification and separation of proteins and other bio-molecules in biotechnology, pharmaceutical, research laboratories for drug delivery, food manufacturing, and environmental analysis. Chromatography resins are of three types: synthetic, natural, and inorganic.
The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
Market Outlook:
The market is observing considerable progress on account of rising funding on research and development of biomolecules. The rising commonness of diseases is resulting in high demand for therapeutic antibodies, vaccines, and other biomolecules. Similarly, cumulative indenture for the outsourcing of research activities is expected to enhance the market growth in the forecast period. The Pharmaceutical industry is also stimulating the market growth during the forecast period as Chromatography resins is the most preferred material amongst other purification methods. Moreover, the widespread use of chromatography resin in the water and environmental industries is expected to be an opportunity for the major competitors present in the market.
Additionally, another noticeable factor is an easy to process and method of application in the pharmaceutical sector and institutes are expected to show a positive effect on the market growth. Chromatography resins are used in the pharmaceutical sector for a variety of applications throughout medicine manufacture, for instance, protein purification for drug delivery, separation of chemical and biomolecules, and diagnostics. The demand for chromatography resins is expected to increase, because of the increasing monoclonal antibody production and various government inducements.However, high cost associated with the raw materials is projected to restrain the market growth.
Chromatography Resins Market Segment analysis:
By Application, the pharmaceutical & biotechnology application segment is projected to expand at a constant rate. The same segment is also expected to acquire a share of 50 % by the end of 2027. Rapid growth in the pharmaceutical industry in developing economies in the Asia Pacific is exceeding the demand for chromatography resins and the crucial application of chromatography resins is observed in the assessment of monoclonal antibodies in key therapeutic areas, such as oncology, tuberculosis, and other autoimmune diseases. Rising demand from the purification sector is expected to boost the demand for chromatographic resins market in near future. Preference form the laboratory subdivision is majorly noted for the filtration process, separation techniques, including distillation with the chromatography has driven invention for the chromatography applications in several R& D segments.
Additionally, it is widely accepted in the chemical industry as this sector is highly engaged with the new product development since highly consumed by manufacture expected to boost the chromatography resins market in the coming years. Chemical synthesis across the globe is covering 50% of global Chromatography Resins market share. Hence, the growth in demand for above-mentioned application is expected to have a positive impact on the demand for chromatography resins in the coming seven years.
Chromatography Resins Market Regional Analysis:
Regionally, Asia Pacific is expected to dominate the chromatography resins market and is expected to grow at a CAGR of 7.2 % during the forecast period. Developing regions like India, China, and Japan are considered major contributors to the chromatography resins market growth in the Asia Pacific region. India, China, and Brazil are focusing mainly on improving their pharmaceutical infrastructure and promoting their chemical manufacturing industry, growth in the chemical industry in this region will increase the demand and ultimately driving the chromatography resins market size by 2027. Furthermore, the recent COVID-19 pandemic outbreak will negatively hinder the market growth in the Asia Pacific region.
North America will also generate several incredible growth openings to the overall market in the coming years though, water treatment and food and beverages segment in North America is expected to be the key growth driver for the regional market. Furthermore, global Chromatography Resins market size was valued at 1.89 Bn and expected to increase by US$ 2.25 Bn in the coming years.
The objective of the report is to present a comprehensive analysis of the Global Chromatography Resins Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Chromatography Resins Market dynamics, structure by analyzing the market segments and project the Global Chromatography Resins Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Chromatography Resins Market make the report investor’s guide.
Scope of Chromatography Resins Market
Global Chromatography Resins Market, By Type
• Natural Polymer
• Synthetic Polymer
• Inorganic Media
Global Chromatography Resins Market, By Technique
• Ion Exchange Chromatography
• Affinity Chromatography
• Hydrophobic Interaction Chromatography
• Size Exclusion Chromatography
• Multi-Modal Chromatography
• Others
Global Chromatography Resins Market, By Application
• Pharmaceutical & Biotechnology
• Food & Beverage
• Water & Environmental Analysis
• Others
Global Chromatography Resins Market, By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Chromatography Resins Market,
• China National Salt Industry Corporation
• Compass Minerals International, Inc
• Shijiazhuang Ligong Machinery Co., Ltd.
• Hubei Aoks Bio-Tech Co., Ltd
• Sudwestdeutsche Salzwerke AG
• K+S AKTIENGESELLSCHAFT
• Swiss Salt Works AG
• Argill Incorporated
• Tata Chemicals Ltd
• Wacker Chemie AG
• Akzo Nobel N.V
• Dampier Salts
• INEOS Salts
• Cheetham Salt
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