Chromatography Resin Market Analysis | 2023-2028

Market Insights

The chromatography resin market was estimated at USD 2.68 billion in 2022 and is likely to grow at a CAGR of 7.99% during 2023-2028 to reach USD 4.26 billion in 2028.

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Market Dynamics

Introduction

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.

Market Drivers

The increasing demand for chromatography resins in pharmaceutical & biotechnology, food & beverage, and water & environmental analysis is driving the market globally.

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Key Players

Some of the chromatography resin manufacturers are-

• GE Healthcare
• Tosoh Corporation
• Bio-Rad Laboratories, Inc.
• Merck KGaA
• Pall Corporation
• Avantor Performance Materials, Inc.
• Mitsubishi Chemical Corporation
• Purolite Corporation
• Repligen Corporation
• Thermo Fisher Scientific Inc.

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

By Technique Type

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.

By Application Type

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.

Regional Insights

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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Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s chromatography resin market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

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 market dynamics and will enable strategic decision-making for 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, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

The chromatography resin market is segmented into the following categories.

By Type

• Natural Polymer
• Synthetic Polymer
• Inorganic Media

By Technique Type

• Ion Exchange Chromatography
• Affinity Chromatography
• Hydrophobic Interaction Chromatography
• Size Exclusion Chromatography
• Multi-Modal Chromatography
• Other

By Application Type

• Pharmaceutical & Biotechnology
• Food & Beverage
• Water & Environmental Analysis
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.