The chromatography resins market has witnessed
significant adoption across industries such as pharmaceutical &
biotechnology and food and beverage over the years. Chromatography technique is
widely used in purification and separation processes in these industries.
Chromatography resins help separate mixtures by causing different analytes to
elute from the column at different times based on their interactions with the
stationary phase. Key resins used in chromatography include reverse-phase
resins, ion-exchange resins, affinity resins and size-exclusion resins.
The
chromatography resins market is estimated to be valued at USD 2.64 Bn
in 2024 and is expected to reach USD 4.15 Bn by 2031,
exhibiting a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
Key Takeaways
Key players operating in the chromatography resins market are W.R. Grace and
Company, Osaka Soda Co. Limited, Alfa Aesar, Merck KGaA, AGC Group, SiliCycle
Inc., Sorbead India, Sepax Technologies Inc., Bio – Rad Laboratories, Inc.,
Wipro GE Healthcare Pvt Ltd, Purolite, GRACE, Mitsubishi Chemical Holdings
Corporation., and Danaher. Key players are focusing on new product launches and
expansion strategies to gain more market share.
The key opportunities in the Chromatography
Resins Market Demand include increasing demand for biopharmaceuticals
and emphasis on process optimization in industries. Global expansion of key
players into emerging markets of Asia Pacific and Latin America will further
drive the market growth.
Growing Investments in R&D activities related to chromatography is
anticipated to boost the demand. However, availability of other alternative
separation techniques may restrain the market growth to some extent over the
forecast period.
Market Drivers
– Wide range of applications across industries such as biopharmaceuticals,
food and beverage, academicsetc. This is a key driver as chromatography
technique plays a vital role in purification and separation processes across
industries.
Market Restrains
– Presence of alternative separation techniques: Other separation
techniques such as electrophoresis, liquid-liquid extraction, precipitation
etc. could restrain the demand of chromatography resins if adopted widely
across industries. This may limit the market potential to some extent over the
forecast period.
Segment Analysis
The ion exchange resin segment currently dominates the Chromatography
Resins Market Analysis and accounts for over 35% of market share. Ion
exchange resins are commonly used for large-scale processes as they allow for
the separation, purification, and analysis of molecules based on their charge.
They find wide use in biopharmaceutical production for the purification of
therapeutic proteins and antibodies from cell culture media. The affinity resin
segment is expected to witness the fastest growth during the forecast period.
Affinity resins provide highly specific and efficient purification as they
separate target molecules from complex sample matrices based on biological
interactions. Their adoption is growing in bioproduction to isolate monoclonal
antibodies.
Global Analysis
The North America region currently accounts for the largest share of over 40%
of the global chromatography resins market due to extensive R&D activities
and a strong presence of leading biopharmaceutical companies in countries like
the US. The growth of the biosimilars and biologics industry has driven the
demand for these resins in the region. The Asia Pacific region is poised to
witness the fastest CAGR during the forecast period. This can be attributed to
increasing biopharmaceutical manufacturing in major countries like China,
India, and South Korea. Additionally, rising investments by global pharma
companies to set up production plants will boost the regional market.
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more insights on Chromatography
Resins Market
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