PUBLISHER: Meticulous Research | PRODUCT CODE: 1518358
PUBLISHER: Meticulous Research | PRODUCT CODE: 1518358
Chromatography Reagents Market Size, Share, Forecast, & Trends Analysis by Type (GC, LC, TLC), Product (Solvents, Buffers, Derivatization, Ion-pair), Separation (Adsorption, Partition, Affinity, Ion Exchange), Application, End User - Global Forecast to 2030
The chromatography reagents market is projected to reach $9.7 billion by 2030, at a CAGR of 5.7% from 2023 to 2030.
Following comprehensive primary and secondary research and an in-depth analysis of the market scenario, this report provides an analysis of the key market drivers, restraints, opportunities, and challenges. This market is driven by the growing R&D expenditures in the pharmaceutical and biotechnology industries, government policies and initiatives to reduce environmental pollution, the increasing use of chromatography in food safety and quality testing, and the growing biopharmaceuticals market. However, the high costs of chromatography reagents and risks associated with the use of flammable reagents restrain the growth of this market.
Furthermore, emerging economies and the growing proteomics and metabolomics markets are expected to generate significant growth opportunities for market players. However, the preference for alternative technologies and the shortage of trained & skilled laboratory technicians are major challenges impacting market growth.
Based on chromatography type, in 2023, the liquid chromatography segment is expected to account for the largest share of the chromatography reagents market. The high dependency on LC for various applications across all sectors contributes to the segment's large share. Liquid chromatography is widely used for various applications in pharmaceuticals, forensics, food sciences, and environmental monitoring. Improvements in the classic HPLC process have introduced advanced techniques such as Rapid Resolution Liquid Chromatography (RRLC) and Ultra-fast Liquid Chromatography (UFLC), which are being used for applications in agriculture, drug discovery, and pharmacokinetic studies. Liquid chromatography is increasingly being paired with Artificial Intelligence (AI) in the food industry to improve food quality. This integration of technologies is expected to further increase the demand for liquid chromatography reagents.
Based on product type, in 2023, the solvents segment is expected to account for the largest share of the chromatography reagents market. Solvents are a type of reagents used during various steps of chromatography. The type of solvent used varies depending on the type of chromatography being performed. The increasing demand for solvents across end-use industries contributes to the segment's large market share. Chromatography solvents are generally affordable and used frequently, contributing to the segment's large market share.
Based on separation method, the adsorption segment is projected to register the highest CAGR during the forecast period. Adsorption is widely used to separate amino acids in protein purification, isolation of antibiotics, and identification of carbohydrates in the pharmaceutical and food industries. Adsorption chromatography is commonly used in the case of protein purification or downstream processing, as it displays high-resolution efficiencies for resolving crude mixtures into simple properties and requires basic equipment. Growing research on protein extraction and purification for various applications is driving the growth of this segment.
Based on application, in 2023, the pharmaceutical & biotechnology applications segment is expected to account for the largest share of the chromatography reagents market. The large share of this segment is attributed to several factors, including the growing number of clinical research studies, increased research and development for new therapies, the high prevalence of infectious diseases, and the mounting pressure on pharmaceutical companies to reduce the costs of drug production. Chromatography techniques such as HPLC provide a cost advantage in the manufacturing of drugs, which drives their adoption in drug development.
Based on end user, the academic & research institutes segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the growing focus of research institutes on driving innovation in pharmaceuticals, agriculture, food sciences, and petroleum, and the increasing research efforts for developing analytical techniques in these areas.
An in-depth analysis of the geographical scenario in the chromatography reagents market provides detailed qualitative and quantitative insights into five major geographies (North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America) along with the coverage of major countries in each region.
Asia-Pacific is slated to record the highest growth rate during the forecast period. The growth of this regional market is primarily driven by new opportunities in the pharmaceutical, biotech, environmental, and food industries, as well as improving research infrastructure in the region and favorable regulations supporting the development of bio clusters. Additionally, there has been an increase in investments, funding, and collaborations in life sciences research, contributing to the growth of this market.
The key players operating in the chromatography reagents market are Bio-Rad Laboratories, Inc. (U.S.), Waters Corporation (U.S.), Santa Cruz Biotech, Inc. (U.S.), Merck KGaA (Germany), Thermo Fisher Scientific, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Regis Technologies, Inc. (U.S.), Shanghai Aladdin Biochemical Technology Co., Ltd. (China), Avantor Performance Materials, Inc. (U.S.), Honeywell International, Inc. (U.S.), Tokyo Chemicals Industry Co., Ltd (Japan) and, Loba Chemie Pvt. Ltd. (India).
Chromatography Reagents Market-by Chromatography Type
Chromatography Reagents Market-by Product Type
Note: Other product types include solid support reagents and inclusion body solubilization reagents.
Chromatography Reagents Market-by Separation Method
Note: Other separation methods include hydrophobic interaction and mixed-mode interaction.
Chromatography Reagents Market-by Application
Chromatography Reagents Market-by End User
Note: Other end users include agriculture and forensics
Chromatography Reagents Market-by Geography