Chromatography Resin Industry: Trends, Business Strategies 2025Posted by Nicky Arora on December 17th, 2019 The global Chromatography Resin Market size is expected to reach USD 2.8 billion by 2025, expanding at a CAGR of 6.8% over the forecast period, as per a new report by Grand View Research Inc. Rising replacement of conventional separation techniques, such as filtration and distillation, with chromatography is projected to drive the growth. China, is expected to continue its dominance over the forecast period, as it is the largest consumer of chromatography resin in Asia Pacific. India has witnessed a massive acceleration in economic growth in recent years owing to various financial initiatives and reforms such as Make in India, encouraging domestic manufacturing. This factor is anticipated to bode well for the regional product demand in the forthcoming years. Purolite Corp., a leading player in the chromatography resin market, is focusing on developing new and enhanced resins, which can further be used for continuous production. With a view to expand its operations in Asia Pacific and to leverage the cost of operating in an emerging economy, the company has set up a manufacturing facility in China and is focusing on establishing its dominance in the country. There have been developments in chromatography tools, in terms of capacity and flow velocity that have led to higher productivity. However, the market players have not been able to achieve a continuous robust production. These tools are anticipated to undergo further development and to achieve even higher productivity. To Request a Sample Copy @ Further key findings from the report suggest: · North America is expected to remain a key region likely to drive the growth of chromatography resin market. U.S. has been enjoying robust growth due to the strong government spending in the research and development activities · The economic performance of Asia Pacific is projected to witness improvement as major economies, such as China and India are likely to ramp up investments in chemical and pharmaceutical sectors · Demand for natural resin is growing in several industries on account of its low cost and high functionality, and is anticipated to continue its dominance in the forthcoming years, propelling the market growth · Key market players engage in mergers and acquisitions as one of the major growth strategies. For instance, in March 2016, Thermo Fisher acquired Affymetrix to expand its genetic analysis, bioscience, and diagnostic equipment product portfolio Grand View Research has segmented the global chromatography resin market on the basis of type, technique, end use, and regions: Chromatography Resin Type Outlook (Volume, Thousand Liters; Revenue, USD Million, 2014 - 2025) · Natural Polymer · Synthetic Polymer · Inorganic Media Chromatography Resin Technique Outlook (Volume, Thousand Liters; Revenue, USD Million, 2014 - 2025) · Size Exclusion · Ion Exchange · Affinity · Hydrophobic Interaction Chromatography Resin End Use Outlook (Volume, Thousand Liters; Revenue, USD Million, 2014 - 2025) · Pharmaceutical & Biotechnology · Food & Beverages About Grand View Research: Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 compnies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide. Contact: Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105 United States Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: sales@grandviewresearch.com Like it? Share it! More by this author |