The Global Chromatography Resins Market- Growth, COVID-19 impact and Forecast (2021-2025)
The Chromatography Resins market is segmented by Product Type (Natural and Synthetic); Application (Pharmaceutical, Water and environmental agencies, Food and Beverage and Others); Geography (North America, Europe, APAC, and ROW).
Introduction
Chromatography is a process to separate mixtures of colored compounds into individual components. Resins are one of the important components of chromatographic techniques. It helps in isolation of desired component from mixtures of compounds.
Chromatography resins are used in the purification and separation of proteins and other bio-molecules in biotechnology, pharmaceutical, food manufacturing, and environmental analysis
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.
During Pandemic period, chromatography resin manufacturers heavily engaged in R&D activities for product development.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6.Five Force analysis
7.Market Sizing
8.Market segmentation
9.Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10.Growth drivers
10.1 Increasing demand for therapeutic antibodies
10.2 Food analytics is also one of the major drivers
11.Key Market Trends
12.Impact of Covid-19
13.Challenges
14.Customer Insights analysis
15.Major Market Players
15.1 Merck
15.2 Bio-Rad Laboratories
15.3 GE Healthcare Lifesciences
15.4 Thermo Fisher Scientific
15.5 Purolite
15.6 W. R. Grace & Co
15.7 Mitsubishi Chemical Corporation
15.8 Tosoh Corporation
15.9 Danaher
16.Recent Developments
17.Future Scope
18.Strategic Recommendations
Market Overview
The global chromatography resins market is expected to grow to $ 3.40billion by 2025
Growth momentum is expected to accelerate during the forecast period with an 8.13% CAGR.
Factors such as increasing demand for therapeutic antibodies, public-private investment in pharmaceutical & life science research, and rising concern for food safety are driving the market.
North America is a prominent regional market due to growth in the pharmaceutical sector, increasing healthcare expenditure.
Key Trends
The rise of CMOs and CROs in the pharmaceutical industry is expected to boost the growth of the market.
The rising importance of green chromatography is likely to create opportunities for the market in the coming years.
Increasing use of Liquid Chromatography-Mass Spectrometry (LC-MS) in analytics and research is expected to drive the future market.
Key Market Players
Some of the key players in the market are Merck, Bio-Rad Laboratories, GE Healthcare Lifesciences, Thermo Fisher Scientific, Purolite, W. R. Grace & Co.
The key players are partially consolidated in nature. Also, many manufacturers are looking forward to vertically integrated across the value chain and are engaged in both forward and backward integration.
Growth Drivers and Challenges
Increasing demand for therapeutic antibodies is driving the global chromatography resins market.
Rising demand from the pharmaceutical sector and technological advancements in chromatography resins is driving the market.
Food analytics is also one of the major drivers for the chromatography resins market.