According to a research report by Stratview Research, the Chromatography Resin Market is estimated at USD 2.68 billion in 2022 and is likely to grow at a CAGR of 8.03% during 2022-2028 to reach USD 4.26 billion in 2028.
What is chromatography resin?
Chromatography resins are resins that are used for the separation or purification purpose of proteins or any other bio-molecular particles in pharmaceutical, environmental analysis, food manufacturing, and biotechnology. These resins are categorized into three types, viz., synthetic, natural, and inorganic media. Natural and synthetic resins are favored over inorganic media.
Chromatography resins are used in techniques, such as affinity, mixed-mode, ion exchange, hydrophobic interaction, and size exclusion. These resins immensely support isolating the desired components from any mixture of compounds. They are also used in the separation of molecules and in diagnostic test development.
Segments' Analysis
Based on the technique type, the market is segmented as ion exchange chromatography, affinity chromatography, hydrophobic interaction chromatography, size exclusion chromatography, multi-modal chromatography, and others. The ion exchange chromatography segment is estimated to register the highest growth in the coming five years. The growth is attributed to its extensive use in the pharmaceutical industry.
Based on the application type, the market is segmented as pharmaceutical biotechnology, food beverage, water environmental analysis, and others. The pharmaceutical biotechnology segment is expected to depict the highest growth during the forecast period. The growth is attributed to the increasing use of chromatography to manufacture drugs, such as monoclonal antibodies and other recombinant proteins.
In terms of regions, Asia-Pacific is expected to register the highest growth in the coming five years for chromatography resins. China, India, and South Korea are the growth engines of the region. The market is sustained by the development of generic drugs in the region. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Leading Players Covered in the Chromatography Resin Market Report:
- GE Healthcare
- Tosoh Corporation
- Bio-Rad Laboratories, Inc.
- Merck KGaA
- Pall Corporation
- Avantor Performance Materials, Inc.
- Mitsubishi Chemical Corporation
- Purolite Corporation
- Repligen Corporation
- Thermo Fisher Scientific Inc.
To develop better customer understanding, the team at Stratview Research employ a range of quantitative and qualitative market research approaches. This report aims to help the users make use of the available data in a way, that profits the business and leads to growth.
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