Biopharma industry is likely to drive chromatography solvent market due to expiring patents of numerous drugs which will open opportunities for new players to enter the market.
Selbyville, DE -- (SBWIRE) -- 03/12/2019 -- North America, led by Mexico, Canada and the U.S. chromatography solvent market size, is anticipated to rise significantly in the projected period due to growth in drug manufacturing and awareness towards food safety. Technological advancement, increasing environmental testing's, government initiatives and development in life sciences are likely to increase the product demand in the region.
Europe, driven by UK, Spain, Italy, France and Germany chromatography solvent market size, is likely to witness a noteworthy upsurge in the projected period owing to advancement in health care sector due to increasing cases of heart & cardio vascular disease. Germany is one of the important markets for health care and life support products as companies are preparing to expand their business in this region to grow their network and portfolio which is likely to enhance the market.
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Asia Pacific chromatography solvent market demand, led by Australia, South Korea, Japan, India and China, is likely to encounter a significant growth in the projected period owing to increase in demand for medicines, increasing health care expenses, industrialization and aging population. Automation and arrival of high precision techniques such as HPLC which provides quick and accurate sample readings has resulted in the shift to more advance techniques. The demand for high purity chromatography solvent is anticipated to rise along with the growth of HPLC. The market is matured in Japan and expected to grow faster in China and India.
Chromatography Solvent Market size is likely to witness a significant upsurge owing to its extensive usage in environmental testing, food safety, pollution control and drug development. Factors like reduction in the environmental impact, no intrusion from chemical stabilizer, reduced dumping costs and increasing use in the purification process are anticipated to drive the chromatography solvent market demand.
Various technologies offered by chromatography solvent market includes HPLC, GCMS, UPLC and LCMS. LCMS is anticipated to grow significantly in the projected period owing to its state of the art processing which enables it to separate extensive variety of organic compound and its applications in handling non-volatile and thermally fragile molecules.
Polar chromatography solvent market size is anticipated to grow significantly in the projected timeline owing to its extensive use in liquid chromatography–mass spectrometry (LCMS). The application of this product includes analytical & perspective chromatography. Analytical chromatography is likely to witness a gain due to its extensive use in the pharmaceutical and bio-technology industry. High cost of acetonitrile which is most commonly used product is the key aspect hampering the chromatography solvent market growth.
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Industry application of chromatography solvent market includes pharmaceutical, environmental, biotechnology, cosmetics, academics & research and food safety. Among these, pharmaceutical industry is likely to drive the market due to amplified funding in the healthcare sector, which is likely to surpass USD 175 billion by 2024.
Biopharma industry is likely to drive chromatography solvent market due to expiring patents of numerous drugs which will open opportunities for new players to enter the market. The development of diabetes treatment has played a major role in growth of insulin production which is likely to surpass USD 20 billion by 2024.
Chromatography solvent has wide application usage in food safety industry. It is used in additive detection, food spoilage and determining the nutritional quality. Food safety market is anticipated to surpass USD 14.5 billion by 2024 which is likely to boost the product demand.
Affinity chromatography solvent market size is likely to gain momentum in the anticipated period due to its selective nature, pure result and usage in proteomics market which bridge the gap between genome sequence and cellular behaviour.
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Global chromatography solvent market share is moderately fragmented. The important players operating in the market includes EMD Millipore, Avantor Performance Materials, Regis Technologies, Thermo Fisher Scientific, Tedia Company and VWR Corporation. Companies are focusing on expanding in markets such as Germany and China due to emerging opportunities in the pharmaceutical sector. These companies are implementing strategies such as agreements, joint venture and merger & acquisition to get a foothold in the market. EMD Millipore acquired Sigma Aldrich in 2015 as a part of acquisition strategy to expand pharma business. Major pharmaceutical companies have established their production plant and R&D centres across China, Japan and India due to favourable policies and low labour wages.
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