With the emergence and long-term Impact of COVID-19, Global Chromatography Resin Market to reach USD 3.91 Billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Chromatography Resin Market points towards a potential rise to USD 3.91 Billion by 2030. Chromatography resin is a small, porous, bead-shaped material employed in the chromatographic separation process. It acts as the stationary phase in the chromatography column, where it interacts with the components of a mixture that flows through it (the mobile phase). These interactions induce separation among the components, driven by their distinct chemical and physical characteristics. Chromatography is used across a diverse spectrum of uses, primarily serving the purpose of isolating intricate mixtures.
This technique enables the separation of compounds by factors such as molecular weight, size, ionic mobility, boiling point, polarity, and more. Due to these versatile properties, it is extensively utilization in pharmaceuticals, biotechnology, and the food and beverage industries, particularly for chromatography resin testing purposes. The soaring demand for therapeutic antibodies, rise in use of biosimilars, growing concern regarding food safety, coupled with the rising inclination towards disposable pre-packed columns are the key factors that are primarily attributing to the market demand across the globe.
Geographically, the global Chromatography Resin market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 with largest market share owing to the rising interest in utilizing monoclonal antibodies in various therapeutic areas and increasing global demand for drug discovery aimed at combating diseases such as Ebola, Zika, and others. Furthermore, advanced chromatographic techniques are gaining traction for applications in food analysis and diagnostics across both the United States and Canada.
Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The rising research and development facilities operated by global pharmaceutical companies, as well as rising governmental backing for domestic manufacturing are significantly propelling the market demand across the region.
The global Chromatography Resin market is highly competitive owing to the presence of several key players such as Merck KGaA Bio – Rad Laboratories, Inc. Thermo Fisher Scientific Wipro Ge Healthcare Pvt Ltd Purolite W. R. Grace & Co. Mitsubishi Chemical Holdings Corporation Danaher Corporation Kaneka Corporation Sepragen Corporation, and others.
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Key findings of the study suggest:
- Global Chromatography Resin Market is anticipated to grow with a healthy growth rate of more than 6.8% over the forecast period 2023-2030.
- In the Type segment, Natural emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the rising interest in utilizing monoclonal antibodies in various therapeutic areas and increasing global demand for drug discovery aimed at combating diseases such as Ebola, Zika, and others. Furthermore, advanced chromatographic techniques are gaining traction for applications in food analysis and diagnostics across both the United States and Canada.
- Asia Pacific is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Type:
- Natural
- Synthetic
- Inorganic
By Technique:
- Ion exchange
- Affinity
- Hydrophobic interaction
- Size exclusion
- Others
By End-Use:
- Pharmaceutical & Biotechnology
- Food & Beverage
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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