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Chromatography Resin Market worth 2.3 Billion USD by 2020
The report "Chromatography Resin Market by Type (Natural, Synthetic, Inorganic Media) by Technique (Ion Exchange, Affinity, Hydrophobic Interaction, Size Exclusion, Multi-Modal) by Application (Pharmaceutical & Biotechnology, Food & Beverage) - Global Forecasts to 2020", defines and segments the global chromatography resin market with analysis and forecasting in terms of volume and value. The chromatography resins market size is estimated to grow from USD 1.5 Billion in 2014 to USD 2.3 Billion by 2020, at a CAGR of 7.3% between 2015 and 2020.
Browse 86 market data tables and 64 figures spread through 157 pages and in-depth TOC on “Chromatography Resin Market by Type (Natural, Synthetic, Inorganic Media) by Technique (Ion Exchange, Affinity, Hydrophobic Interaction, Size Exclusion, Multi-Modal) by Application (Pharmaceutical & Biotechnology, Food & Beverage) - Global Forecasts to 2020”
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The chromatography resin market is projected to register a CAGR of 7.3% between 2015 and 2020, in terms of value. The largest application of chromatography resins is the pharmaceutical and biotechnology segment. The demand for chromatography resins is mainly driven by the growth of biopharmaceuticals R&D activities. The increasing demand for biosimilars is positively impacting the chromatography resins market growth. The market for chromatography resins is also driven by the increasing demand for therapeutic antibodies and its increasing use as a separation technique in the food industry.
The demand for chromatography resins is the highest in North America. The region accounted for approximately 40.1% of the total market in 2014 in terms of volume. The region is projected to register a high CAGR of 7.1%, in terms of volume, between 2015 and 2020. The demand is largely from the U.S. owing the large number of biopharmaceuticals R&D activities in the country. However, Asia-Pacific is projected to register the highest growth during the forecast period. In this region, the demand for chromatography resins has huge potential to grow in the pharmaceutical sector. The growing biosimilars market in emerging economies such as South Korea, India, and China is expected to drive the chromatography resins market.
The different types of resins and their market shares based on the technique they are used in are covered in the report. Ion exchange resins capture the highest share of the chromatography resins market. However, in terms of value, affinity chromatography resin account for the major market share owing to their high costs.
The report also focuses on market share analysis, and market metrics such as drivers, restraints, opportunities, and winning imperatives. Chromatography is one of the key separation techniques used in manufacture of biosimilars. Hence, the rising demand for biosimilars is an opportunity for the growth of the chromatography resins market.
The top companies in the chromatography resin market include General Electric Company (U.S.), Pall Corporation (U.S.), Bio-Rad Laboratories, Inc.(U.S.), Merck KGaA (Germany), Tosoh Corporation (Japan), Thermo Fisher Scientific Inc (U.S.), Repligen Corporation (U.S.), Avantor Performance Materials, Inc. (U.S.), Purolite Corporation (U.S.), and Mitsubishi Chemical Corporation (Japan).
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