According to a research report by Stratview Research, the Chromatography Resin Market is estimated at USD 2.68 billion in 2022 and is likely to grow at a CAGR of 8.03% during 2022-2028 to reach USD 4.26 billion in 2028.
The increasing demand for chromatography resins in pharmaceutical biotechnology, food beverage, and water environmental analysis is driving the market globally.
What is chromatography resin?
Chromatography resins are resins that are used for the separation or purification purpose of proteins or any other bio-molecular particles in pharmaceutical, environmental analysis, food manufacturing, and biotechnology. These resins are categorized into three types, viz., synthetic, natural, and inorganic media. Natural and synthetic resins are favored over inorganic media.
Chromatography resins are used in techniques, such as affinity, mixed-mode, ion exchange, hydrophobic interaction, and size exclusion. These resins immensely support isolating the desired components from any mixture of compounds. They are also used in the separation of molecules and in diagnostic test development.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Segments' Analysis
Based on the technique type, the market is segmented as ion exchange chromatography, affinity chromatography, hydrophobic interaction chromatography, size exclusion chromatography, multi-modal chromatography, and others. The ion exchange chromatography segment is estimated to register the highest growth in the coming five years. The growth is attributed to its extensive use in the pharmaceutical industry.
Based on the application type, the market is segmented as pharmaceutical biotechnology, food beverage, water environmental analysis, and others. The pharmaceutical biotechnology segment is expected to depict the highest growth during the forecast period. The growth is attributed to the increasing use of chromatography to manufacture drugs, such as monoclonal antibodies and other recombinant proteins.
In terms of regions, Asia-Pacific is expected to register the highest growth in the coming five years for chromatography resins. China, India, and South Korea are the growth engines of the region. The market is sustained by the development of generic drugs in the region. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.
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