PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1323868
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1323868
The chromatography resin market is estimated to grow to USD 4.1 billion by 2028 from USD 2.8 billion in 2023, at a CAGR of 8.2%. Chromatography has emerged as a prominent analytical technique for assessing the quality of processed food products and diverse beverages. According to the World Health Organization, the issue of food contamination has gained significant global attention, with the consumption of contaminated food contributing to over 200 different diseases annually. To ensure precise analysis of food products, methods such as liquid chromatography/mass spectrometry/mass spectrometry (LC/MS/MS) and gas chromatography/mass spectrometry (GC/MS) are gaining widespread recognition. This increasing recognition of accurate analytical methods is a key driver behind the growth of the chromatography resin market.
"Synthetic resins are estimated to be the fastest growing chromatography resin type of chromatography resin market during the forecast period. "
Various types of synthetic or manmade polymers, including polyacrylamide, polymethacrylate, and polystyrene, serve as essential media in diverse chromatography applications. Additionally, synthetic copolymers like polystyrene divinylbenzene and methacrylate copolymers are commonly employed as base matrices in chromatography. These resins possess favorable attributes such as high mechanical stability and resistance to a wide pH range, making them well-suited for laboratory and analytical-scale experiments. These compelling characteristics contribute to the growing demand and market expansion for synthetic resins in chromatography applications. In fact, recent market data indicates a significant rise in the adoption of synthetic resins due to their advantageous properties, further bolstering their prominence in the field of chromatography.
"Mixed mode is projected to be the fastest growing chromatography technique, in terms of value."
Mixed-mode chromatography is an advanced chromatographic technique that incorporates multiple types of interactions between ligands and molecules within an analyte. Its widespread application is observed in the purification of mammalian antibodies and recombinant proteins, making it highly valuable in the biopharmaceutical industry. This technique has garnered significant attention due to its ability to achieve enhanced purification compared to single interaction-based chromatography methods. With mixed-mode chromatography, ligands with different functionalities are combined, allowing for simultaneous interactions such as hydrophobic interactions, ion exchange, and affinity interactions. These multiple interaction modes enable a more comprehensive and precise purification process, leading to higher purity and yield of the target molecules.
"Pharmaceutical & Biotechnology is estimated to be the largest application in chromatography resin market, in terms of value, in 2022."
Chromatography resins play a vital role in the pharmaceutical industry, with pharmaceutical manufacturers and related testing service providers being key end-users of these resins. The utilization of analytical instrumentation powered by chromatography is widespread across multiple stages of drug discovery, development, pharmacokinetics, toxicology, clinical studies, and manufacturing processes. It finds application in tasks such as drug stability testing, qualitative and quantitative pharmaceutical analysis, and the quantification of chemical components in drugs. Chromatography is crucial for analyzing solvents used in pharmaceutical manufacturing, ensuring their quality and purity. The industry's increasing focus on research and development, particularly within biotechnology companies, is anticipated to drive the demand for chromatography, consequently boosting the market for chromatography resin. The growing expenditure on R&D activities is expected to lead to expanded utilization of chromatography techniques, as they contribute to accurate analysis, quality control, and regulatory compliance in the pharmaceutical sector.
"Europe is projected to be the second-largest chromatography resin market, in terms of value, in 2022."
In terms of value, Europe emerged as the second-largest market for chromatography resin in 2022. Germany holds a prominent position as the key market for chromatography resins within Europe. Additionally, countries like Austria and Switzerland also exhibit considerable market significance in the region. The presence of numerous pharmaceutical manufacturers and research organizations in these countries has a notable influence on the growth of the chromatography resin market in Europe. The demand for chromatography resins is driven by the requirements of these industries, as they rely on advanced separation and purification techniques for their analytical and manufacturing processes.
The key players profiled in the report include Bio-Rad Laboratories Inc. (US), Merck KGaA (Germany), Danaher Corporation (US), Tosoh Corporation (Japan), Bio-Works Technologies AB (Sweden), Avantor Performance Materials, Inc. (US), Mitsubishi Chemical Corporation (Japan), among others.
Research Coverage
This report segments the market for chromatography resin based on type, technique, application, and region and provides estimations for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, and key strategies associated with the market for chromatography resin.
Reasons to Buy this Report
This research report is focused on various levels of analysis - industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the chromatography resin market; high-growth regions; and market drivers, restraints, and opportunities.