Zion Market Research, the market research group announced the analysis report titled ‘Chromatography Resin Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024’
Global Chromatography Resin Market: Overview
Chromatography is a technique to split a blend of colored compounds into individual elements. The resins are one of the vital elements required in the chromatographic techniques. It assists in separation of the target component from a blend of compounds. The resins have a broad range of applications in ion-exchange, mixed-mode chromatographic techniques affinity, size exclusion, gel filtration, and hydrophobic interaction. The resin is generally integrated into chromatography equipment to fulfill numerous industrial and research requirements, including food & drug purification and processing, separation of biomolecules, and diagnostic test development. In the chromatography-based purification process, the selection of suitable resin is a crucial step as they are vital for ensuring precise and effective separation of the individual elements. Thus, owing to the rise in demand for the chromatography resin, the market is expected to be boosted in the near future.
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Global Chromatography Resin Market: Growth Factors
The prominent factors responsible for the growth of the global chromatography resin market include the rise in the need for therapeutic antibodies, increasing biopharmaceutical study & development activities, and rising utilization of separation methods in the food industry. As there is an increase in serious diseases around the globe, the monoclonal antibody therapeutics is rapidly receiving importance, which would further augment the growth of the market for chromatography resins. Furthermore, the use of chromatography resin in food analytics is increasing at a higher pace. Moreover, in the development and research field, these resins have a wide range of application in drug discovery. However, the lack of skilled and experienced professional is the important factor restricting the growth of the market.
Global Chromatography Resin Market: Segmentation
The global chromatography resin market can be segmented on the basis of technique, type, application, and geography. The technique segment of the market is categorized into hydrophobic interaction, ion exchange, multi-modal/mixed mode, affinity, size exclusion, and others. The type segment of the chromatography resin market is divided into synthetic polymers, natural polymers, and inorganic media. The application segment of the market is classified into food & beverage, pharmaceutical & biotechnology, water & environmental analysis, and others.
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Global Chromatography Resin Market: Regional Analysis
North America is expected to dominate the market for chromatography resin in the coming period. Asia Pacific region is also assumed to grow at a significant rate in the near future in the market due to the rise in the need for pharmaceutical and biotechnology products. Furthermore, the development of huge numeral of contract manufacturing organizations may boost the market in this region.
Global Chromatography Resin Market: Competitive Players
The prominent players in the global chromatography resin market are Thermo Fisher Scientific Inc., Pall Corporation, Repligen Corporation, Tosoh Corporation, General Electric Company, and Avantor Performance Materials, Inc. The other major players in the market include Purolite Corporation, Bio-Rad Laboratories, Inc., Merck KGaA, and Mitsubishi Chemical Corporation.
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Global Chromatography Resin Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa
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