The global chromatography resin market is expected to reach USD 2.86 billion by 2025, according to a new report by Grand View Research, Inc. Growing number of CRO (Contract Research Organization) and CMO (Contract Manufacturing Organization), and use of chromatography in food quality and safety testing is further propelling the market growth.
The growing pharmaceutical sector in the Asia Pacific region especially in China and India, owing to abundance of high skill workforce and increase in disposable income are some of the factors positively influencing the market. In addition, the guidelines issued by food regulatory authorities for safety and quality of food and beverages products is expected to have a positive impact on the industry.
The growth in demand from Food and Beverages (F&B) sector is due to increase in awareness among public towards the quality and safety of the food products is encouraging the food manufacturers to do strict food checks of their product, which in turn giving boost to use of chromatography resin in F&B sector.
The ion exchange resin and size exclusion resin segment are expected to collectively account for 60% of the global market share in 2025. The demand for these products is attributed to increase in drug discovery process by pharmaceutical companies which require chromatography technique to separate complex mixtures and purification of materials. In addition, use of chromatography in water treatment is projected to boost the demand for the chromatography resin products over the forecast period.
North America was leading the market due to presence of most of the global pharmaceutical companies in the region. Huge healthcare expenditure coupled with growing regulation by food safety authorities such as Food and Drug Administration (FDA) is leading the expansion of the market in this region.
To request a sample copy or view summary of this report, click the link below:
Further key findings from the report suggest
The market is projected to grow at a CAGR of 6.5% from 2017 to 2025 on account of growing pharmaceutical sector. Synthetic Resin will witness fastest growth in terms of revenue at a CAGR of 7.2% from 2017 to 2025 owing to its high productivity.
Asia Pacific market is anticipated to witness substantial development and was valued at USD 608.9 million in 2016 on account of rising disposable income and increasing number of pharmaceutical companies.
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. These companies are focused on increasing on producing more productive resin type and find innovative application for their resin products.
In November 2015, Merck KGaA acquired Sigma -Aldrich, and this acquisition would enable Merck to foray especially into chromatography market.
Grand View Research has segmented the global chromatography resin market on the basis of type, technique, end-use and region:
Type Outlook (Revenue, USD Million, 2014 – 2025)
Technique Outlook (Revenue, USD Million, 2014 - 2025)
End-use industry Outlook (Revenue, USD Million, 2014 - 2025)
Pharmaceutical & Biotechnology
Food & Beverage
Regional Outlook (Revenue, USD Million, 2014 - 2025)
South & Central America
Middle East and Africa
Avail customized purchase options to meet your research needs:
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Speak to the report author to design an exclusive study to serve your research needs.
A testimonial for service excellence represented in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.