The market is expected to generate an incremental $ opportunity of US$ 2,329.9 Mn between 2022 and 2032
Category: Chemicals & Materials Published Date : October 2022 ID: CVC-00203 Format: PDF Pages: 300
Global Chromatography Resin Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Chromatography Resin Market was worth US$ 2,409.0 Mn and is expected to grow at a CAGR of 7.0% over the forecast period. While the historical CAGR is 5.8%, the market is expected to hit US$ 4,738.9 Mn by 2032 end.
Chromatography is a separation technique that uses the substrates’ colors as a criterion. The separation process depends heavily on resins. They are frequently used to separate and purify the required substrate from the mixture, such as proteins. One of the most important industrial uses of chromatography, where resins play a crucial role, is analyzing the water sample in numerous industries.
The increasing adoption of affinity chromatography resin technology is expected to increase global demand for chromatography resins. The constant need for drug development activities to produce biopharma and biological products for diagnostics is driving the growth. In addition, an increase in demand for monoclonal antibody production will boost sales in the coming years.
Chromatography resins are widely used in the pharmaceutical and biotechnology sectors for various purposes, including manufacturing highly pure pharmaceuticals, monitoring and analyzing minute impurities, and identifying molecules like vitamins and proteins, lipids, and other substances.
Market Dynamic
Over the past ten years, the need for chromatography resins in drug discovery applications has been driven by the expanding pharmaceutical and biopharmaceutical R&D activities. Because of the anticipated regulatory environment, biosimilars are now in high demand in Asia-Pacific and are expected to grow rapidly in the US and Japan. With an increase in R&D investment, the need for chromatography, a crucial component of R&D operations in the pharmaceutical industry, is anticipated to rise, driving the market for chromatography resin.
In recent years, the chromatography resin market has seen rapid technological development. In the pharmaceutical business, there is a lack of qualified personnel to use chromatography equipment and carry out the procedures. It takes expertise with the required experience and knowledge of various chromatography procedures to use chromatography equipment properly. As a result, the global market for chromatography resins may have growth challenges due to a lack of competent workforce to handle and operate chromatography resins.
Market Segments Covered in Report
By Type:
By Application:
By Technique:
By Region and Country:
Segment-Wise Analysis
Why is expanding the pharmaceutical and biotechnology industries anticipated to create growth opportunities?
Chromatography resins are widely used in the pharmaceutical and biotechnology sectors for various purposes, including manufacturing highly pure pharmaceuticals, monitoring and analyzing minute impurities, and identifying molecules like vitamins and proteins, lipids, and other substances.
Selecting chromatographic resins is crucial to preserve the high quality of products that comply with the appropriate authorities’ requirements and ensure accurate results. Therefore, it is projected that the rise of the pharmaceutical and biotechnology industries will generate good growth over the forecast period.
Why is Affinity the most popular chromatography method?
The preferential Affinity of molecules in the mobile phase toward ligands linked to the stationary resin is the foundation of the affinity chromatography technology. The affinity chromatography market is anticipated to be driven by the increasing demand for protein A for practical and effective antibody purification.
Affinity chromatography in most protein purification strategies delivers great selectivity, resolution, and capacity. It has the benefit of purifying by exploiting a protein’s biological structure or function. These elements collectively fuel the need for the affinity method.
Region-Wise Analysis
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.
Competition Analysis
Chromatography resin is not a concentrated market but a diversified one with local and international companies.
The key developments in the Global Chromatography Resin Market are:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
Research Scope | Details |
Forecast period | 2022-2032 |
Historical data available for | 2017-2021 |
Market analysis | USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030 |
Key regions covered | North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa |
Key countries covered | US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt |
Key segments covered | By Type, Application, Technique, and Region |
Customization scope | Available upon Request |
Pricing and purchase options | Available upon Request |