Chromatography Resin Market Report

Chromatography Resin Market Analysis, By Type (Natural, Synthetic, Inorganic Media), By Technique (Ion Exchange, Affinity, Size Exclusion, Hydrophobic Interaction) By Region, And Segment Forecasts 2014 - 2025

Published: August 2017  |  150 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-994-4

Industry Insights

The global chromatography resin market size was valued at USD 1,631.7 million in 2016. The market is expected to grow at a CAGR of 6.5% over the forecast period on account of increase in healthcare expenditure all around the world coupled with increasing awareness among public towards quality and safety of food types. The rise in number of CRO (Contract Research Organization) and CMO (Contract Manufacturing Organization) is expected to drive the market over the forecast period.

The demand for chromatography resin has been increasing with the growth in drug discovery process by major pharmaceutical companies in order to find cure for harmful diseases such as zika, Ebola and other deadly viruses. In addition, strict guidelines issued by food regulatory authority around the world is anticipated to propel the market demand over the next eight years. Moreover, growing pharmaceutical industry in emerging economies like China and India is expected to have a positive impact on the industry.

U.S. chromatography resin market revenue, by type, 2014 - 2025 (USD Million)

U.S. chromatography resin market

Natural resin is estimated to be the largest chromatography resin type segment and is expected to significant share due to its low cost and easy to use qualities. Although Synthetic resin is also expected to grow at a significant rate, owing to high productivity which enables it to be used in continuous production. The increasing number of manufacturing and distribution units in developing market is also expected to boost the market of chromatography resin over the next eight years. 

Increasing demand for the affinity chromatography resin due to its growing use in pharmaceutical companies is expected to fuel the industry growth. In addition, the type is also widely used by biotechnology sector to monoclonal antibodies for therapeutic purposes. Ion exchange resin is used in the separation of many complex mixtures, which is anticipated to contribute to the demand from 2017 - 2025.

Factors such as high cost as compared with other separation technique due to the high cost of raw material and transportation are expected to pose a challenge for the industry growth. Additionally, the requirement of high skill professional to operate chromatography process is expected to restrict the industry development.

Type Insights

The ion exchange resin and size exclusion resin segments together accounted for 56.3% of the global market share in 2016. The demand for ion exchange resin is growing due to increase in consumption from pharmaceutical and biotechnology industries, in particular for drug discovery processes. In addition, the use of chromatography in an innovative application such as doping test for athletes is expected to drive the growth of ion exchange chromatography resin over the next eight years.

Affinity resin segment was estimated at USD 434.3 million in 2016. The segment is projected to gain market share on account of increasing demand from North America and Asia-Pacific region. The various categories of the type launched in the affinity resin such as Protein A/G, IDA and other provides options to the researcher suitable to their needs which are important factor for market growth.

The hydrophobic interaction resin segment accounted for 16.5 of the global share in 2016. Increased research and development activities by major players to produce new and improved resin beads is an influencing factor affecting the demand for hydrophobic interaction. 

Global chromatography resin market revenue, by type, 2016 (%)

Global chromatography resin market

Regional Insights

UK and Germany cumulative accounted for over 48.9% of the Europe market revenue in 2016 on account of increasing healthcare expenditure. These countries have witnessed increased government funding for research of drug discovery. The above factors compared with high food quality standards is expected to have a positive impact on the industry over next eight years.

Demand for chromatography resin in Asia Pacific was valued at USD 401 million by 2016. This growth can be attributed to the government initiatives by the Indian and Chinese government to boost their pharmaceutical sector. Asia Pacific is expected to remain the fastest growing market during the period from 2017 to 2025.

Increasing disposable income and high health care expenditure in emerging economies coupled with easy availability of skilled and cheap workforce is anticipated to boost pharmaceutical and biotechnology sector in these regions. Significant increase demand for from food and beverage industry in Asia Pacific is expected to boost the market over the forecast period. 

Competitive Insights

Key players in the market include Merck KGaA, GE Healthcare Lifesciences, Tosoh Corp, Purolite Corp, Danaher Corp, Mitsubishi Chemical, W.R Grace, Thermo Fisher Inc, Bio-Rad Labs and others. In November 2015, Merck KGaA acquired Sigma -Aldrich, and this acquisition would enable Merck to foray especially into chromatography market.

The chromatography resin manufacturers are focusing to improve the typeivity of their resin beads and finding new innovative application for their types, which would help them to increase their market share over the forecast period, Hence the companies have been heavily investing in research and development to maintain and increase their customer base.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual /Historical data

2014 - 2015

Forecast period

2017 - 2025

Market representation

Revenue in USD Million, Volume in Thousand Liters and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa

Country scope

U.S., UK, Germany, France, China, India, Japan, South Korea.

Report coverage

Revenue forecast, competitive landscape, growth factors and trends

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Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the chromatography resin market on the basis of type, technique, end-use and region:

  • Type Outlook (Revenue, USD Million, 2014 - 2025)

    • Natural

    • Synthetic

    • Inorganic Media

  • Technique Outlook (Revenue, USD Million, 2014)

    • Ion Exchange

    • Affinity

    • Size Exclusion

    • Hydrophobic Interaction

    • Others

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

    • Europe

      • UK

      • Germany

      • France

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

    • South & Central America

    • Middle East and Africa

Key questions answered by the report
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