The global chromatography resin market size is expected to reach USD 4.11 billion by 2028 according to a new study by Polaris Market Research. The report “Chromatography Resin Market Share, Size, Trends, Industry Analysis Report, By Type (Synthetic Polymer, Natural Polymer, Others); By Application (Food & Beverage, Pharmaceutical & Biotechnology, Water & Environmental Analysis, Others); By Technology; By Region; Segment Forecast, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing demand from the pharmaceutical sector, growing application in drug discovery, and advancements in research and development have resulted in increased demand for chromatography resin. Growth in industrialization and rising water and environmental analysis demand supports the market growth for chromatography resin.
Growing demand from technological advancement, developing economies, and significant investments in research and development by leading players are expected to offer growth opportunities during the forecast period. The application of chromatography resin has increased during the pandemic owing to the rise in use in vaccine development and pharmaceutical research associated with the COVID-19 virus.
On the basis of type, the market is segmented into synthetic polymer, a natural polymer, and others. The natural polymer segment accounted for a major share of the market in 2020 owing to its wide application and mechanical strength. Technological advancements and extensive research and development have increased the application of natural polymer.
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The application segment has been divided into food & beverage, pharmaceutical & biotechnology, water & environmental analysis, and others. The pharmaceutical and biotechnology sector accounted for a major share of the overall revenue in 2020.
Increasing investments in pharmaceutical research, a growing number of projects and trials associated with drug discovery, and regulations regarding drug development testing support the growth of this segment. However, the food and beverages sector is expected to grow during the forecast period. Increasing concerns regarding food safety and protocols associated with quality control methods favor the growth of this segment.
The technology segment has been divided into ion exchange, size exclusion, affinity, hydrophobic interaction, and others. Ion-exchange technology is implemented for the separation and determination of ions and polar molecules based on their affinity towards the ion exchanger. Ion exchange technology works with large proteins, amino acids, and small nucleotides. It offers high resolving power, high capacity, lower cost, versatility, and widespread applicability.
Some major industry participants include W. R. Grace & Co.-Conn., Merch KGaA, Avantor Performance Materials, Inc., Bio-Rad Laboratories, Bio-Works Technologies AB, Tosoh Corporation, GE Healthcare, Mitsubishi Chemical Corporation, Repligen Corporation, Sartorius Stedim Biotech S.A., Purolite Corporation, and Thermo Fisher Scientific Inc.
Polaris Market Research has segmented the chromatography resin market report on the basis of type, application, technology, and region:
Chromatography Resin, Type Outlook (Revenue, USD Billion, 2016 - 2028)
Chromatography Resin, Application Outlook (Revenue, USD Billion, 2016 - 2028)
Chromatography Resin, Technology Outlook (Revenue, USD Billion, 2016 - 2028)
Chromatography Resin Regional Outlook (Revenue, USD Billion, 2016 - 2028)