Vancouver, BC -- (SBWire) -- 02/03/2021 --Chromatography Resins Market
Chromatography resins are widely used in the separation and purification of proteins and biomolecules in pharmaceuticals, food manufacturing, biotechnology, and environmental sectors. These resins are of 3 types: Natural, synthetic and inorganic. They are used in various chromatography techniques like affinity, ion-exchange, mixed-mode, and size exclusion.
The global chromatography resins market accounted for USD 1854.1 million in 2019 and is predicted to expand to USD 3269.9 million by 2027, with a CAGR of 7.3%.
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Prominent Players Profiled in the Nerve Repair and Regeneration Market:
Thermo Fisher Scientific Inc., WR Grace & Co., Danaher Corporation, Merck KGaA, GE Healthcare, Bio-Rad Laboratories Inc., Purolite Corporation, Tosoh Corporation, Mitsubishi Chemical Corporation, and Kaneka Corporation, among others.
Market Drivers:
The chromatography resins market has expanded with a high CAGR due to the usage of these resins in various applications, including food and beverage, pharmaceuticals, and environmental and water purification. The extensive use of chromatography resins in drug development procedures and the increasing demand for green chromatography are the significant factors contributing to the expansion of the chromatography resins market. The market is expanding due to the high demand for monoclonal antibodies. Moreover, the use of chromatography resins in separation methods for the food and beverage sector and huge R&D investments for the development of new resins are expected to expand the market for chromatography resins.
Type Outlook (Revenue, USD Billion; 2017-2027)
Natural
Synthetic
Inorganic Media
Technology Outlook (Revenue, USD Billion; 2017-2027)
Ion Exchange
Hydrophobic Interaction
Affinity
Size Exclusion
Multimodal
Others
Application Outlook (Revenue, USD Billion; 2017-2027)
Pharmaceutical
Biotechnology
Drug Discovery
Drug Production
Food & Beverage
Water & Environmental Agencies
Others
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Key Summary of the Chromatography Resins Market Report:
Insightful information regarding the global Chromatography Resins market
Identification of growth in various segments and sub-segments of the Chromatography Resins market
Strategic recommendations for investment opportunities
The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
Emerging trends and current market segment analysis to help investors formulate new business strategies
Accelerates the decision making process through the detailed description of the drivers, restraints, growth prospects, and limitations
Thorough SWOT analysis and Porter's Five Forces analysis along with feasibility analysis and investment return analysis
Regional Analysis:
North America had the highest market share of chromatography resins in 2019 due to development in the pharmaceutical industry and massive investments in the development of various drugs. Additionally, the demand for chromatography for chemical testing and separation of impurities in the food and beverage sector boosts the market growth in North America.
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Chromatography Resins Market Revenue, Statistics, Industry Growth and Demand Analysis Research Report by 2027
Surging demand for chromatography resins in the drug development process is one of the significant factors influencing the market growth.