Chromatography Resin Market

Global Chromatography Resin Market Size Analysis

According to a research survey conducted by ChemView Consulting, in 2022, the Global Chromatography Resin Market was worth US$ 2,409.0 Mn and is expected to grow at a CAGR of 7.0% over the forecast period. While the historical CAGR is 5.8%, the market is expected to hit US$ 4,738.9 Mn by 2032 end.

Chromatography is a separation technique that uses the substrates’ colors as a criterion. The separation process depends heavily on resins. They are frequently used to separate and purify the required substrate from the mixture, such as proteins. One of the most important industrial uses of chromatography, where resins play a crucial role, is analyzing the water sample in numerous industries.

The increasing adoption of affinity chromatography resin technology is expected to increase global demand for chromatography resins. The constant need for drug development activities to produce biopharma and biological products for diagnostics is driving the growth. In addition, an increase in demand for monoclonal antibody production will boost sales in the coming years.

Chromatography resins are widely used in the pharmaceutical and biotechnology sectors for various purposes, including manufacturing highly pure pharmaceuticals, monitoring and analyzing minute impurities, and identifying molecules like vitamins and proteins, lipids, and other substances.

Market Dynamic

GROWING PHARMACEUTICAL AND BIOPHARMACEUTICAL R&D ACTIVITIES DRIVES THE MARKET

Over the past ten years, the need for chromatography resins in drug discovery applications has been driven by the expanding pharmaceutical and biopharmaceutical R&D activities. Because of the anticipated regulatory environment, biosimilars are now in high demand in Asia-Pacific and are expected to grow rapidly in the US and Japan. With an increase in R&D investment, the need for chromatography, a crucial component of R&D operations in the pharmaceutical industry, is anticipated to rise, driving the market for chromatography resin.

THE LACK OF ADEQUATE SKILLED PROFESSIONALS RESTRAINS THE MARKET

In recent years, the chromatography resin market has seen rapid technological development. In the pharmaceutical business, there is a lack of qualified personnel to use chromatography equipment and carry out the procedures. It takes expertise with the required experience and knowledge of various chromatography procedures to use chromatography equipment properly. As a result, the global market for chromatography resins may have growth challenges due to a lack of competent workforce to handle and operate chromatography resins.

Market Segments Covered in Report

By Type:

• Synthetic Resins
• Natural Polymer
• Inorganic Media

By Application:

• Pharmaceutical & Biotechnology
• Production
• Academics & Research
• Food & Beverage
• Water & Environmental Analysis
• Others

By Technique:

• Ion Exchange
• Cation
• Anion
• Affinity
• Size Exclusion
• Hydrophobic Interaction
• Mixed Mode
• Others

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is expanding the pharmaceutical and biotechnology industries anticipated to create growth opportunities?

Chromatography resins are widely used in the pharmaceutical and biotechnology sectors for various purposes, including manufacturing highly pure pharmaceuticals, monitoring and analyzing minute impurities, and identifying molecules like vitamins and proteins, lipids, and other substances.

Selecting chromatographic resins is crucial to preserve the high quality of products that comply with the appropriate authorities’ requirements and ensure accurate results. Therefore, it is projected that the rise of the pharmaceutical and biotechnology industries will generate good growth over the forecast period.

Why is Affinity the most popular chromatography method?

The preferential Affinity of molecules in the mobile phase toward ligands linked to the stationary resin is the foundation of the affinity chromatography technology. The affinity chromatography market is anticipated to be driven by the increasing demand for protein A for practical and effective antibody purification.

Affinity chromatography in most protein purification strategies delivers great selectivity, resolution, and capacity. It has the benefit of purifying by exploiting a protein’s biological structure or function. These elements collectively fuel the need for the affinity method.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.

• Regarding volume and value, North America held the greatest market share of 5.0% in the worldwide chromatography resin market in 2021. In North America, the US leads the market for chromatography resin, followed by Canada. North America’s robust therapeutic monoclonal antibody industry is one of the main factors that propel the chromatography resin market.
• During the projection period, major economies in the Asia Pacific region, including China, India, and Japan, are anticipated to rise rapidly. Growing government support for home manufacturing is expected to increase regional output levels and decrease reliance on imports, creating attractive prospects for both international and local enterprises.
• Due to the rising prevalence of noncommunicable disease, Germany and the United Kingdom will collectively lead Europe’s chromatography resin market. China is expected to emerge as a potential market due to the region’s increasing adoption of advanced chromatography technologies.

Competition Analysis

Chromatography resin is not a concentrated market but a diversified one with local and international companies.

The key developments in the Global Chromatography Resin Market are:

• In November 2019, the US-based company Purolite Ltd, which produces various chromatography resins, announced that it had begun building its Praesto agarose-based chromatography resins for commercial use.
• In October 2019, three of Danaher Life Sciences’ life sciences tool businesses will be sold to Sartorius Stedim Biotech, a manufacturer of pharmaceuticals and laboratory equipment, for USD 750 million in cash. Sartorius Stedim Biotech is a manufacturer of a wide range of products for life sciences applications with headquarters in the US.
• In February 2019, Danaher announced its intention to pay about $21.4 billion to acquire the biopharma division of GE Life Sciences.

A list of some of the key suppliers present in the market are:

• Merck KGaA
• Bio-Rad Laboratories, Inc.
• Thermo Fisher Scientific
• WIPRO GE HEALTHCARE PVT LTD
• Purolite
• GRACE
• Mitsubishi Chemical Holdings Corporation.
• Danaher
• Agilent Technologies
• GE Healthcare
• Waters Corporation
• Expedeon Ltd.
• Pall Corporation
• PerkinElmer Inc.
• Kaneka Corporation
• Shimadzu Corporation
• Knauer GmbH
• Tosoch Bioscience
• Avantor Performance Materials Inc.
• R. Grace & Co.
• JSR Micro Inc.
• Life Technology Corporation

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.