Chromatography Reagents Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, India, Japan, Australia, Indonesia, Malaysia. Brazil, Mexico, Saudi Arabia, UAE, South Africa), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3902
Chromatography Reagents Market size will grow at substantial CAGR in the forecast period driven by rapidly growing pharmaceutical industry in the Asia Pacific region. Chromatography reagents are used in the development of pure drug components and to measure the drug purity. According to the India Brand Equity Foundation (IBEF), Indian pharmaceutical industry will grow with a CAGR over 15% in coming years and will reach USD 55 billion by 2020. This growth trend can be experienced across Asia Pacific. Medical tourism in Asia Pacific countries such as India, Singapore, and Thailand have also been increasing in recent years due to low cost healthcare facilities in these countries. Moreover, increasing global aging population shall drive the pharmaceutical chromatography reagents market growth over the forecast timeframe. This high growth in pharmaceutical market is likely boost the product demand over the forecast timeframe.
Chromatography reagents are used in numerous biological & chemical fields to separate components and solutes. In petroleum industry they are used to analyze complex mixtures of hydrocarbons. The product also finds major application in the food & beverages industry for testing. Moderately growing food & beverages industry across the globe owing to the increasing population and living standards will fuel the chromatography reagents market development in coming years. In addition, growing inclination towards healthy and nutrient enriched food is likely to propel the food & beverages industry growth which will in turn drive product demand during the forecast timespan. However, high cost associated with product manufacturing may hamper the market growth over the forecast timeframe.
Major reagent types in the industry includes solvents, buffers, ion pair, and derivatization reagents. Solvent segment will have significant share in chromatography reagents market in 2018 and shall grow with a healthy CAGR over the forecast timeframe. Solvents segment is further segmented into gas chromatography (GC) grade solvents, high-pressure liquid chromatography (HPLC) grade solvents and other solvents. High-pressure liquid chromatography (HPLC) grade solvents accounted for a prominent share in chromatography reagents market in 2018. HPLC is used in a variety of industrial and scientific applications, such as environmental, chemicals, pharmaceutical and forensics. Significant growth in these industries shall help the product market over the forecast duration, 2019-2025. Derivatization segment is further categorized into acylation, silylation and alkylation & esterification reagents. Silylation was the most widely used derivatization technique and is likely to remain the largest over the forecast timespan.
Major application segment in the chromatography reagents market includes life sciences, environmental testing, food & beverages testing, research, forensic, diagnosis tools, etc. Environmental testing application segment is likely to have a significant share in market in near future. Environmental testing is measurement of the performance of the specific equipment under specific environmental condition. These types of tests are mostly performed on the equipment used in maritime, military, space and aeronautical applications. Life sciences segment includes pharmaceutical, bio-pharmaceutical and biotechnology applications.
North America accounted for a significant share in the market in 2018 and is likely to grow with a healthy CAGR in coming years. Prevalence of product manufacturers and mature end-use industries in the region were the major attributes behind it. Asia Pacific chromatography reagents market is expected to grow with a high CAGR during the forecast timespan. Rapidly growing food & beverages and pharmaceutical industry in the region shall fuel the product demand in near future. Europe was another major region in the market in 2018 and is likely to grow with a moderate CAGR during the forecast timespan. Large chemical industry and steadily growing research industry in the region shall boost the product demand in near future.
Many multinational giants along with regional manufacturers are working in the industry. Some prominent players operating in the chromatography reagents market includes Linde, Thermo Fisher Scientific, Inc., Sigma-Aldrich Corporation, Merck Millipore, GE Healthcare, Santa Cruz Biotech, Inc., Bio-Rad Laboratories, Inc., Avantor Performance Materials, Inc., Regis Technologies, Inc. and Loba Chemie.
Chromatography reagents Market, By Type, 2014-2025 (Kilo Tons)
- High-Pressure Liquid Chromatography (HPLC) Grade Solvents
- Gas Chromatography (GC) Grade Solvents
- Other Solvents
- Derivatization Reagents
- Silylation Reagents
- Alkylation and Esterification Reagents
- Acylation Reagents
- Ion Pair Reagents
Chromatography reagents Market, By Application Type, 2014-2025 (Kilo Tons)
- Life sciences
- Food & beverages testing
- Environmental testing
- Others (diagnostic tools, oil, petrochemicals, etc.)
The above information has been provided for the following regions and countries:
- North America
- Latin America
- South Africa
- Saudi Arabia
- Thermo Fisher Scientific, Inc.
- Sigma-Aldrich Corporation
- Merck Millipore
- GE Healthcare
- Santa Cruz Biotech, Inc.
- Bio-Rad Laboratories, Inc.
- Avantor Performance Materials, Inc.
- Regis Technologies, Inc.
- Loba Chemie
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