Chromatography Resin Market Value Chain Dynamics and Key Players (By 2025)

The global chromatography resin market size was valued at USD 1.63 billion in 2016. It is expected to expand at a CAGR of 6.5% over the forecast period. Increasing healthcare expenditure coupled with awareness among public regarding quality and safety of food types will impel growth. Rise in number of Contract Research Organization (CRO) and Contract Manufacturing Organization (CMO) is expected to further drive the market over the forecast period.
U.S. chromatography resin market
Growth in drug discovery processes to find cure for Zika, Ebola, and other such deadly viruses is anticipated to further boost demand over the forecast period. In addition, strict guidelines issued by food regulatory authorities around the world are anticipated to propel market for chromatography resins over the next eight years. Moreover, growing pharmaceutical industry in emerging economies like China and India is expected to have a positive impact on the industry.
Natural resin is estimated to be the largest type segment and is expected to gain significant share due to its low cost and easy to use qualities. Synthetic resin is expected to grow at a significant CAGR, owing to high productivity which enables its applications in continuous production. Increasing number of manufacturing and distribution units in developing market is also expected to boost the demand over the next eight years.
High demand for affinity chromatography resin due to its rising applications in pharmaceutical companies is expected to fuel growth in near future. In addition, wide usage by biotechnology sector in monoclonal antibodies for therapeutic purposes is anticipated to further propel market growth. Ion exchange resin is used in separation of many complex mixtures, which is anticipated to contribute to the demand from 2017 to 2025.
Factors such as high cost compared to other separation techniques due to high-priced raw materials and transportation are expected to pose a challenge for the market for chromatography resin. Additionally, need for high-skilled professionals to operate these processes is expected to restrict market development in near future.
Further key findings from the report suggest
  • The chromatography resin market is projected to progress at a CAGR of 6.5% from 2017 to 2025, thanks to booming pharmaceutical sector. Synthetic resin will witness the fastest growth in terms of revenue at a CAGR of 7.2% over the forecast period, owing to its high productivity
  • Asia Pacific is anticipated to witness substantial development and was valued at USD 608.9 million in 2016 owing to rising disposable income and pharmaceutical companies
  • Key market include Merck KGaA; GE Healthcare Lifesciences; Tosoh Corp; Purolite Corp; Danaher Corp; Mitsubishi Chemical; W.R Grace; Thermo Fisher, Inc.; and Bio-Rad Labs. These companies are focused on increasing productive resin types and finding innovative applications
  • In November 2015, Merck KGaA acquired Sigma-Aldrich. This acquisition would enable Merck to foray into the market.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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