Chromatography Resin Market Size, Share & Trends Report

Chromatography Resin Market Size, Share & Trends Analysis Report By Type, By Technique (Ion Exchange, Affinity), By End-use (Pharmaceutical & Biotech, F&B), By Region, And Segment Forecasts, 2018 - 2025

  • Published Date: Jul, 2018
  • Base Year for Estimate: 2016
  • Report ID: GVR-1-68038-994-4
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2015
  • Number of Pages: 157

Industry Insights

The global chromatography resin market size was valued at USD 1.63 billion in 2016. It is expected to expand at a CAGR of 6.5% over the forecast period. Increasing healthcare expenditure coupled with awareness among public regarding quality and safety of food types will impel growth. Rise in number of Contract Research Organization (CRO) and Contract Manufacturing Organization (CMO) is expected to further drive the market over the forecast period.

U.S. chromatography resin market

Growth in drug discovery processes to find cure for Zika, Ebola, and other such deadly viruses is anticipated to further boost demand over the forecast period. In addition, strict guidelines issued by food regulatory authorities around the world are anticipated to propel market for chromatography resins 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.

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

High demand for affinity chromatography resin due to its rising applications in pharmaceutical companies is expected to fuel growth in near future. In addition, wide usage by biotechnology sector in monoclonal antibodies for therapeutic purposes is anticipated to further propel market growth. Ion exchange resin is used in separation of many complex mixtures, which is anticipated to contribute to the demand from 2017 to 2025.

Factors such as high cost compared to other separation techniques due to high-priced raw materials and transportation are expected to pose a challenge for the market for chromatography resin. Additionally, need for high-skilled professionals to operate these processes is expected to restrict market development in near future.

Type Insights

Natural resin typedominated the market with a share of over 50.0% in terms of volume in 2016. These products are widely used in size exclusion and paper chromatography in several end-use industries. Additionally, synthetic resin is expected to emerge as the fastest growing type with a CAGR of 5.9% over the forecast period. Recent advancements in synthetic resin manufacturing are expected to revolutionize the industry and boost segment share in the forthcoming years.

Inorganic mediatype occupied over 10.0% of market share in 2016 in terms of volume and is expected to witness a significant escalation over the forecast period. Inorganic media are likely to maintain their current volume share within the industry, as an increasing number of sectors are using inorganic media in several applications.

Technique Insights

Ion exchange and size exclusion resin segments together accounted for 56.3% of global market share in 2016. This rise in demand can be attributed to rising consumption from pharmaceutical and biotechnology industries, particularly for drug discovery. In addition, innovative applications such as doping tests for athletes are expected to further impel growth over the next eight years.

Global chromatography resin market

The affinity resin segment was estimated at USD 434.3 million in 2016. It is projected to grow on account of high demand from North America and Asia-Pacific. Various categories such as Protein A/G, Iminodiacetic Acid (IDA), and others enable researchers to pick binding agents suitable to their needs. This is considered as an important factor for chromatography resin 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 anticipated to positively affect the demand for hydrophobic interaction.

End Use Insights

Pharmaceutical and biotechnology emerged as the dominant end use segment in 2016 owing to huge consumption of resin in pharmaceutical processes to prepare highly pure materials in largequantities and to examine purified compounds for contamination.

Moreover, growing use of monoclonal antibodies in crucial therapeutic areas such as tuberculosis, oncology, and autoimmune diseases is likely to drive demand for chromatography resin. Increasing number of CROs and CMOs in pharmaceutical sector is anticipated to propel growth of the market for chromatography resins.

Food and Beverage is another dominant end use segment on account of high consumption in quality control processes. Rising awareness about the quality and safety of food products is encouraging food manufacturers to thoroughly comply with guidelines provided by food regulatory authorities. This is expected to fuel the use of chromatography resin in food and beverages in the coming years. 

Regional Insights

U.K. and Germany cumulative accounted for over 48.0% of the Europe market in terms of revenue in 2016 on account of increasing healthcare expenditure. These countries have witnessed increased government funding for research of drug discovery. These factors combined with high food quality standards are expected to have a positive impact market growth over next eight years.

Asia Pacific was valued at USD 400 million by 2016 attributed to the initiatives by Indian and Chinese governments to boost their pharmaceutical sector. Asia Pacific is expected to remain the fastest growing market from 2017 to 2025. Increasing disposable income and high health care expenditure 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 is expected to further boost regional growth over the forecast period.

Chromatography Resin Market Share 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.

Manufacturers are focusing to improve typeivity of their resin beads and finding innovative applications, which would help them increase 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 estimates/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., U.K., Germany, France, China, India, Japan, South Korea.

Report coverage

Revenue forecast, volume forecast, competitive landscape, growth factors and trends

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Segments Covered in the Report

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

  • Type Outlook (Volume, Thousand Liters; Revenue, USD Million, 2014 - 2025)

    • Natural

    • Synthetic

    • Inorganic Media

  • Technique Outlook (Volume, Thousand Liters; Revenue, USD Million, 2014 - 2025)

    • Ion Exchange

    • Affinity

    • Hydrophobic Interaction

    • Size Exclusion

    • Others

  • End use Outlook (Volume, Thousand Liters; Revenue, USD Million, 2014 - 2025)

    • Pharmaceutical & Biotechnology

    • Food & Beverage

  • Regional Outlook (Volume, Thousand Liters; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

      • France

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

    • South & Central America

    • Middle East & Africa

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