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Chromatography Resin Market Size

  • Report ID: GMI6807
  • Published Date: Sep 2023
  • Report Format: PDF

Chromatography Resin Market Size

Chromatography Resin Market size was valued at around USD 2.48 billion in 2023 and is projected to grow at a CAGR of 6.9% between 2024 and 2032. The chromatography resin industry is characterized by its pivotal role in facilitating the separation, purification, and analysis of diverse compounds across pharmaceuticals, biotechnology, environmental testing, food and beverages, and more. This industry's growth is driven by expanding applications in biopharmaceuticals, research, and quality control, underpinned by a constant need for specialized resins to meet evolving demands.

 

Chromatography Resin Market

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Advancements in chromatography techniques and sustainability practices, alongside stringent regulatory requirements, continue to shape the industry landscape. Challenges include cost constraints, waste management, and competition, which manufacturers must navigate to maintain competitiveness and drive innovation in an increasingly dynamic and indispensable market.

 

The dynamics of this market are significantly influenced by the rapidly growing biopharmaceutical sector, where chromatography resins are essential for the purification of biologics, monoclonal antibodies, and gene treatments. In addition, the accuracy and effectiveness of separations are continuously improved using cutting-edge chromatography techniques like high-performance liquid chromatography (HPLC) and ultra-high-performance liquid chromatography (UHPLC). The development of ecologically friendly chromatography resins is being driven by the increased focus on sustainability, which is in line with international green chemistry programmes.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of chromatography resin was worth USD 2.48 billion in 2023 and will reach USD 4.52 billion by 2032, due to rising application in biopharmaceuticals, research, and quality control.

Chromatography resin market from the synthetic segment reached USD 1746.6 million in 2022 on account of their adaptability across wide range of industries, including pharmaceuticals, chemicals, and food.

U.S. chromatography resin industry recorded USD 190.90 million in 2022 owing to the presence of robust biopharmaceutical sector, advanced R&D capabilities, and stringent regulatory requirements in the region.

Waters Corporation, Agilent Technologies, Thermo Fisher Scientific, Merck KGaA (MilliporeSigma) and Shimadzu Corporation are some of the major chromatography resin companies worldwide.

Chromatography Resin Market Scope

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  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 263
  • Countries covered: 30
  • Pages: 210
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