Chromatography Resin Market is expected to grow at a CAGR of around 5% from 2022-2028.
According to a new report published by UnivDatos Markets Insights, the Chromatography Resin Market is expected to grow at a CAGR of around 5% from 2022-2028. The analysis has been segmented into Type (Natural, Inorganic, and Synthetic); Application (Food & Beverage, Pharmaceutical & Biotechnology, and Others); Technique (Hydrophobic Interaction, Size Exclusion, Ion Exchange, Affinity, and Others); Region/Country.
The chromatography resin market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the chromatography resin market. The chromatography resin market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the chromatography resin market at the global and regional levels.
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Market Overview
Chromatography resin is used to capture and polish mAbs, vaccines, antibody fragments, and other biomolecules using a stationary phase. Additionally, chromatography resins are widely available for both purification and analytics purposes. Due to the expanding use of monoclonal antibody production, rising research and development activities, and the speeding growth of the bio-pharmaceutical business, chromatography resin has seen an unheard-of increase in demand. Additionally, these resins' binding qualities and dual chromatographic capabilities allow for increased productivity, high flow rates, and sample load capacities. Furthermore, chromatography resins are widely used for the adsorption of the external active agent and nonpolar material from aqueous solution along with the purification of the polypeptide, protein, and nuclei acid.
Factors such as technological advancement coupled with the growing number of industries and manufacturing units along with the new product launches in the market are some of the prominent factors that are positively influencing the market growth globally.
Some of the major players operating in the market include Merck KGaA, Tosoh Corporation, Danaher Corporation, Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Inc., GE Healthcare, Mitsubishi Chemical Corporation, W. R. Grace & Co., Repligen Corporation, and Pall Corporation.
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COVID-19 Impact
The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted the manufacturing industry along with supply chain disruption, regulatory and policy changes, labor reliance, working capital management, and liquidity & solvency management. The chromatography resin market has been significantly affected during these times owing to the gap between supply and demand.
The global chromatography resin market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on technique, the market is categorized into hydrophobic interaction, size exclusion, ion exchange, affinity, and others. The affinity resin segment is expected to witness significant market growth during the forecast period owing to its use for the processing of many pharmaceutical drugs. Also, the affinity resin offers superior binding capacities to purify recombinant albumin, protein, and enzyme coagulation factors as well as growth hormones and plasminogen is expected to support market growth in the coming time.
· Based on application, the market is segmented into food & beverage, pharmaceutical & biotechnology, and others. The pharmaceutical & biotechnology segment is expected to witness significant CAGR during the forecast period owing to its growing adoption in the medicinal industry for antibody purification and to capture dAbs, fabs as well as single-chain fragment variables. Also, the increasing adoption of chromatography resin for the treatment of chronic disorders and protein purification is expected to support market growth.
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Chromatography Resin Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
· Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
· Rest of the World
North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing investment and technological advancement in the region. Also, the increasing number of diabetic & prediabetic patients, flea bite cases, and illnesses from the mosquito bite among others are expected to increase the adoption of the chromatography resin and propel the market in the coming time. For instance, according to the CDC (Center for Disease Control), in the US approximately 100 million people suffer from diabetic and pre-diabetic illness and this number has seen a sudden increase in the last five years. Also, as per the WHO (World Health Organization), around 40 million people die annually due to non-communicable diseases and out of which 81% of people die due to cardiovascular disease, diabetic Mellitus, cancer, and respiratory disease. The advancement in medical science technology and the growing adoption of chromatography resin in the treatment of disease are expected to propel the demand in the coming time. Furthermore, the increasing research & development expenditure and technological advancement are expected to support market growth. For instance, in April 2020, Avantor Inc. launched a new recombinant protein A affinity resin to purify antibodies during mAbs production.
The major players targeting the market include
· Merck KGaA
· Tosoh Corporation
· Danaher Corporation
· Thermo Fisher Scientific, Inc.
· Bio-Rad Laboratories, Inc.
· GE Healthcare
· Mitsubishi Chemical Corporation
· W. R. Grace & Co.
· Repligen Corporation
· Pall Corporation
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the chromatography resin market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the chromatography resin market?
• Which factors are influencing the chromatography resin market over the forecast period?
• What are the global challenges, threats, and risks in the chromatography resin market?
• Which factors are propelling and restraining the chromatography resin market?
• What are the demanding global regions of the chromatography resin market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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