Chromatography Resins Market To Hit Value .5 Billion By 2027Posted by Mrudula Anil Karmarkar on February 7th, 2022 The global chromatography resins market size is anticipated to reach USD 3.5 billion by 2027, expanding at a CAGR of 7.8%, according to a new report by Grand View Research, Inc. The growth in the market can be attributed to increasing demand for therapeutic antibodies for the treatment of patients. In addition, expanding end-use applications due to continuous innovation are expected to propel market growth in the near future. Extensive research and development activities in the chromatography resin industry has triggered the production of new resin products, which have better productivity in comparison to conventional resins. Chromatography has gained a substantial market space in the past few years across several end-use industries concerning its high accuracy and ease of use. Nonetheless, the existence of stringent government regulations and safety standards across food and beverages and pharmaceutical sectors are projected to restrain market growth over the forecast period. Shift in the trend towards the substitution of conventional separation techniques, including distillation and filtration, with chromatography has driven invention for the chromatography applications in several novel segments. The industry is observed to be oligopolistic in nature. The top players account for approximately 65.0% market share across the globe. Other players have a strong foothold over the remaining market share. The pricing and various other strategic initiatives of the market depend on the top market players. North America is anticipated to remain a dominant region in the market over the forecast period. U.S. has been relishing vigorous growth owing to the financial support from the government in the research and development activities. The economic performance of the Asia Pacific region is predicted to observe enhancement, as developing countries, including India and China are expected to ramp up investments in pharmaceutical and chemical sectors. China, which is the prominent consumer in the Asia Pacific market, is estimated to continue its dominance in the near future. India has registered accelerated growth in the past decade due to reforms such as “Make in India” and several financial initiatives, which are expected to encourage domestic manufacturing in the region. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/chromatography-resin-market/request/rs1 Growth in the market can be attributed to the mounting demand for the product from pharmaceutical sector, for drug discovery, with the development of novel resins, which have better productivity in comparison to conventional resins. Chromatography technique played a critical role in saving millions of lives around the world since the outbreak of the deadly Ebola virus in 2015, which claimed over 10,000 lives in West Africa. Chromatography proved to be extremely useful in determining more effective antibodies in neutralizing the Ebola virus. Chromatography Resins Market Report Highlights
Chromatography is also extensively used in other end-use segments such as water and environmental agencies, and food and beverage. It is used in a large range of applications; it is mainly used to separate a complex mixture and can separate compounds based on their molecular weight, size, ionic mobility, boiling point, and polarity. Chromatography is widely used in biotechnology and in food and beverage industries for testing chromatography resin purposes. Growing demand for a quality product, which is more productive, along with the popularity of technologies applied in its production, is pushing manufacturers to continuously engage in innovation and driving them to take necessary steps to maintain and heighten the standard of their products. Manufacturers are also looking forward to integrating their operations across the supply chain to retain the customers. Some of the prominent players in the chromatography resins market include:
About Grand View Research Grand View Research, Inc. is a 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. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Like it? Share it!More by this author |