Stratview Research, a global market research firm announces the release of the report titled – Chromatography Resin Market which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.
According to this report, the chromatography resin market was estimated at USD 2.68 billion in 2022 and is likely to grow at a CAGR of 8.03% during 2022-2028 to reach USD 4.26 billion in 2028.
Stratview Research has segmented the market by Type (Natural Polymer, Synthetic Polymer, and Inorganic Media), by Technique Type (Ion Exchange Chromatography, Affinity Chromatography, Hydrophobic Interaction Chromatography, Size Exclusion Chromatography, Multi-Modal Chromatography, and Others), by Application Type (Pharmaceutical & Biotechnology, Food & Beverage, Water & Environmental Analysis, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
The increasing demand for chromatography resins in pharmaceutical & biotechnology, food & beverage, and water & environmental analysis is driving the market globally.
What is chromatography resin?
Chromatography resins are resins that are used for the separation or purification purpose of proteins or any other bio-molecular particles in pharmaceutical, environmental analysis, food manufacturing, and biotechnology. These resins are categorized into three types, viz., synthetic, natural, and inorganic media. Natural and synthetic resins are favored over inorganic media.
Chromatography resins are used in techniques, such as affinity, mixed-mode, ion exchange, hydrophobic interaction, and size exclusion. These resins immensely support isolating the desired components from any mixture of compounds. They are also used in the separation of molecules and in diagnostic test development.
Key Players
• GE Healthcare
• Tosoh Corporation
• Bio-Rad Laboratories, Inc.
• Merck KGaA
• Pall Corporation
• Avantor Performance Materials, Inc.
• Mitsubishi Chemical Corporation
• Purolite Corporation
• Repligen Corporation
• Thermo Fisher Scientific Inc.
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Segment Analysis
Based on the technique type, the market is segmented as ion exchange chromatography, affinity chromatography, hydrophobic interaction chromatography, size exclusion chromatography, multi-modal chromatography, and others. The ion exchange chromatography segment is estimated to register the highest growth in the coming five years. The growth is attributed to its extensive use in the pharmaceutical industry.
Based on the application type, the market is segmented as pharmaceutical & biotechnology, food & beverage, water & environmental analysis, and others. The pharmaceutical & biotechnology segment is expected to depict the highest growth during the forecast period. The growth is attributed to the increasing use of chromatography to manufacture drugs, such as monoclonal antibodies and other recombinant proteins.
In terms of regions, Asia-Pacific is expected to register the highest growth in the coming five years for chromatography resins. China, India, and South Korea are the growth engines of the region. The market is sustained by the development of generic drugs in the region. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.
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