Chromatography Resins Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, Spain, China, India, Japan, Australia & New Zealand, South Korea, Brazil, Mexico, Argentina, GCC, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025
Report ID: GMI2536
Global Chromatography Resins Market shall experience prominent growth rate in the coming years. Chromatography resin is an ideal technique for purifying biomolecules. It is a physical method by which biological molecules are separated from one another. In this technique, molecules to be separated are dispersed in three components; stationary, mobile and mixture. Types of chromatography used are size exclusion or gel filtration, ion-exchange, affinity, hydrophobic interaction (HIC) and partition chromatography.
The chromatography resins market is estimated to grow significantly with an increase of application in food industry. The chromatography technique is used for determining the vitamin C content and nutritional quality of food. It checks the vitamin content in finished food products as depletion of it indicates diminishing value of nutrition contents present in the food products which is not suitable for consumption. The detection is used in fresh and frozen fruits, drinks, juice, vegetables and powdered drinks. Similarly, it is also used for food spoilage detection & process control as well as food additives detection.
Increasing application of chromatography in pharmaceutical industry for separating chiral compounds shall be positively influencing the market. Chiral compounds are highly potent and biologically active pharmaceutical drugs. Chromatography resin allows coherent purification process to obtain pure and highly recovered active pharmaceutical intermediate. Further, increasing application of chromatography resin for producing large quantities of pure materials and trace contaminants to purify compound is an instrumental factor driving the global chromatography resins market. Apart from pharmaceuticals and food industry, environmental protection agency is using chromatography resin for monitoring air quality and testing drinking water.
The chromatography resins market is mainly hindered by presence of other advance techniques such as charged ultra-filtration membrane, protein crystallization and electrophoresis which may negatively affect the market. Moreover, lack of skilled workforce involved in the industry is decelerating market growth over the forecast period. Stringent regulation implemented on the manufacturing process and usage may hamper the product demand in the coming years.
Natural based chromatography resin type is growing at a remarkable pace owing to its availability at reasonable cost. Synthetic resin has also shown high potential in term of revenue generation in recent years on account of high demand from several biotechnology and pharmaceutical industry. Ion exchange resin technique accounted for massive market share in 2016 followed by size exclusion resin. In pharmaceuticals and biotechnology application, ion exchange resin technique is majorly used for drug delivery processes which shall positively influence the chromatography resin growth. In addition, affinity and hydrophobic interaction segment is likely to grow with a significant CAGR and will generate substantial revenue over the forecast timeframe.
Food & beverages chromatography resins market application segment is growing substantially owing to drifting trends of processed food consumption which is augmenting the need for detecting contamination and food nutritional value through chromatography resin. Followed by food & beverages, pharmaceuticals segment is growing remarkably owing to government initiatives to provide better healthcare facilities and focus on R&D activities to discover improved drugs & medical therapies.
North America is one of the fastest growing regions. U.S has been leading the region from past few years and is likely to grow with significant CAGR during the forecast period. Advanced chromatography techniques used for food analytics and diagnosing purpose in U.S. and Canada is accelerating market demand. Moreover, Asia Pacific is also likely to grow over forecast spell owing to rising research and development activities on chromatography resin. Government of China and India are investing huge amount on pharmaceutical industry which is fueling the chromatography resins market growth.
Germany and UK have shown exponential growth over the years owing to government investments on pharmaceutical research and development. Further, high food quality standards had surged the chromatography resin demand, thus, positively impacting the region.
Eminent players of the chromatography resins market are Tosoh Corporation, General Electric, Merck KGaA, Bio-Rad Laboratories Inc., Pall Corporation, GE Healthcare, Mitsubishi Chemical Corporation, Repligen Corporation, Thermo Fisher Scientific, Avantor Performance Materials Inc. and Purolite Corporation. These companies are focusing to produce and market improved chromatography resin to find new application and customer base expansion.
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