Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2,700.05 million | USD 4,597.73 million | 6.88% | 2022 |
The global chromatography resin market size was worth around USD 2,700.05 million in 2022 and is predicted to grow to around USD 4,597.73 million by 2030 with a compound annual growth rate (CAGR) of roughly 6.88% between 2023 and 2030. Chromatography resins are in high demand due to the rising need for biopharmaceuticals and the increasing use of chromatographic techniques in drug research and discovery, according to the most recent market research. Key companies are prepared to significantly expand the market size and contribute to the industry's total share.
Chromatography is a technique to split a blend of colored compounds into individual elements. The resins are one of the vital elements required in the chromatographic techniques. It assists in separation of the target component from a blend of compounds. The resins have a broad range of applications in ion-exchange, mixed-mode chromatographic techniques affinity, size exclusion, gel filtration, and hydrophobic interaction. The resin is generally integrated into chromatography equipment to fulfill numerous industrial and research requirements, including food & drug purification and processing, separation of biomolecules, and diagnostic test development. In the chromatography-based purification process, the selection of suitable resin is a crucial step as they are vital for ensuring precise and effective separation of the individual elements. Thus, owing to the rise in demand for the chromatography resin, the market is expected to be boosted in the near future.
The prominent factors responsible for the growth of the global chromatography resin market include the rise in the need for therapeutic antibodies, increasing biopharmaceutical study & development activities, and rising utilization of separation methods in the food industry. As there is an increase in serious diseases around the globe, the monoclonal antibody therapeutics is rapidly receiving importance, which would further augment the growth of the market for chromatography resins. Furthermore, the use of chromatography resin in food analytics is increasing at a higher pace. Moreover, in the development and research field, these resins have a wide range of application in drug discovery. However, the lack of skilled and experienced professional is the important factor restricting the growth of the market.
The global chromatography resin market can be segmented on the basis of technique, type, application, and geography. The technique segment of the market is categorized into hydrophobic interaction, ion exchange, multi-modal/mixed mode, affinity, size exclusion, and others. The type segment of the chromatography resin market is divided into synthetic polymers, natural polymers, and inorganic media. The application segment of the market is classified into food & beverage, pharmaceutical & biotechnology, water & environmental analysis, and others.
Report Attributes | Report Details |
---|---|
Report Name | Chromatography Resin Market Research Report |
Market Size in 2022 | USD 2,700.05 million |
Market Forecast in 2030 | USD 4,597.73 million |
Growth Rate | CAGR of 6.88% |
Number of Pages | 214 |
Key Companies Covered | Thermo Fisher Scientific Inc., Pall Corporation, Repligen Corporation, Tosoh Corporation, General Electric Company, Avantor Performance Materials Inc., Purolite Corporation, Bio-Rad Laboratories Inc., Merck KGaA, and Mitsubishi Chemical Corporation. |
Segments Covered | By Technique, By Type, By Application, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is expected to dominate the market for chromatography resin in the coming period. Asia Pacific region is also assumed to grow at a significant rate in the near future in the market due to the rise in the need for pharmaceutical and biotechnology products. Furthermore, the development of huge numeral of contract manufacturing organizations may boost the market in this region.
By Technique
By Type
By Application
By Region
FrequentlyAsked Questions
Chromatography is a technique to split a blend of colored compounds into individual elements. The resins are one of the vital elements required in the chromatographic techniques. It assists in separation of the target component from a blend of compounds.
The chromatography resin market accounted for USD 2,700.05 million in 2022 and is expected to reach USD 4,597.73 million by 2030.
The CAGR value of the chromatography resin market is expected to be around of 6.88% during 2023-2030.
North America is expected to dominate the market for chromatography resin in the coming period. Asia Pacific region is also assumed to grow at a significant rate in the near future in the market due to the rise in the need for pharmaceutical and biotechnology products.
Some key players of the global chromatography resin market are Thermo Fisher Scientific Inc., Pall Corporation, Repligen Corporation, Tosoh Corporation, General Electric Company, Avantor Performance Materials Inc., Purolite Corporation, Bio-Rad Laboratories Inc., Merck KGaA, and Mitsubishi Chemical Corporation.
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