Chromatography Resin Market Report 2020-2030
Chromatography Resin Market Report 2020-2030: A Global Chromatography Resin Market Estimate and Forecast – Industry Insights for Consumption, Demand, Production, Price Trend, Competitive Intelligence and Opportunity Analysis Along the Value Chain
The global chromatography resin market was valued at $1.9 billion in 2018. The growth of the market is owing to the increasing awareness amongst the people pertaining to the safety of food and extensive expenditure incurred in the healthcare industry across the globe. Chromatography helps in refinement of biomolecules and is considered to be convincing resins for purification of protein applications. Moreover, the molecules that are to be detached are disseminated into three components mixture, stationary and mobile.
Extensive adoption of chromatography as a splitting technique in food & beverage industry is the key factor driving the growth of global chromatography resin market. In food industry chromatography resin is used for viewing the nutritional quality of food along with vitamin C content. The detection of vitamin C content in the final products which is an essential function of chromatography resin as it helps in depicting the decreasing value of nutritional content in the food that is further tagged as unsuitable for human consumption.
Additionally, it is also beneficial for various food & beverage manufacturers in detecting detection of food additives, food spoilage detection, and process control. These detection values are used by manufacturers in various food products such as drinks, vegetables, fresh and frozen fruits, juices and powered drinks thereby significantly contributing towards rapid growth of the global chromatography resin market.
The chromatography resins market is estimated to grow significantly with an increase of application in food industry. The chromatography technique can be used for finding the vitamin C content and the quality of nutrition in food. It also helps in finding the vitamin content in finished food products. Depletion of vitamin content in the food specifies lower nutritional value present in the food products which is not advisable for consumption. The detection is used in juice, vegetables, fresh and frozen fruits, drinks, and powdered drinks. Similarly, it is also used for food spoilage detection & process control as well as food additives detection.
Prospecting growth in pharmaceutical industry globally is another factor that is pertaining towards the growth of global chromatography resin market. In pharmaceutical domain the chromatography resins are used for unscrambling chiral compounds that are biologically active and immense potent drugs. Chromatography resins thus enables to gain highly recovered and pure pharmaceutical intermediate. Furthermore, increasing emphasis of drug manufacturers to search for cure for viruses such as Ebola and Zika is thereby accentuating the demand for chromatography resins that is further contributing towards significant growth in global chromatography resin market.
However, stringent regulatory reforms imposed on the manufacturing process and existence of other alternative techniques in the market such as protein crystallization, ultra-filtration membrane and electrophoresis are the key factors hampering the growth of global chromatography resin market.
Chromatography resin market forecast 2020 – 2030 estimates the historical market size in terms of consumption as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the chromatography resin manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. Food and beverage, and pharmaceutical industry players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.
The reports provide the analysis based on technique, resin type, and end user segment. On the basis of technique, the global chromatography resin market is segmented into affinity, size exclusion, ion exchange, hydrophobic interaction, and others. Amongst these segments, affinity chromatography technique is anticipated to grow at the fastest rate during the forecast period owing to increasing demand for binding agents from the manufacturers of Asia-Pacific that helps in satisfying their needs and require iminodiacetic acid (IDA) and protein A/G further supporting global chromatography resin market to grow at significant rate.
Based on resin type, the global chromatography resin market is categorised into synthetic polymer, natural polymer, and inorganic media. The natural polymer category is anticipated to contribute largest revenue amongst other resin type due to its low solid density and hydrophilic properties. Dextran, agarose and cellulose are few natural polymers that are gaining huge popularity in industrial domain for purification of biomolecules.
On the basis of end user, the global chromatography resin market is classified into food and beverage, pharmaceutical, water and environmental analysis, and others. Amongst these two segments, food and beverage domain is projected to witness higher CAGR during the forecast period owing to extensive requirement in food industry for monitoring nutritional value of food and thus detecting contamination.
Chromatography resin market in North America market is anticipated to generate largest revenue in the global market by 2030 owing to technological advancements being done for food analytics ad increasing initiatives being undertaken by the government for improved R&D activities and effective health care facilities to encourage development of various drugs in the region. Moreover, Chromatography resin market in Asia-Pacific is expected to grow at the fastest rate during the forecast period owing to increasing research & development activities on chromatography resin and huge investment incurred by government authorities in pharmaceutical domain.
The report also offers the insights for the European, Latin American, and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided.
The eminent key players in the global chromatography resin market are investing in launching new technologies to strengthen their market presence and thereby improving supply chain capability.
Some of the players having prominent presence in the global chromatography resin market include General Electric Company, Danaher Corporation, W. R. Grace & Co., Thermo Fisher Scientific Inc., Bio-Rad Laboratories Inc., Merck KGaA, Tosoh Corporation, GE Healthcare, Pall Corporation, Merck KGaA, Mitsubishi Chemical Corporation, and Purolite Corporation.
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CCR Ref number: KD4R6
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