PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1235926
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1235926
Chromatography Resin Market Forecasts to 2028 - Global Analysis By Type (Natural, Synthetic, Inorganic and Other Types), Technique (Affinity, Ion Exchange, Hydrophobic Interaction, Size Exclusion and Other Techniques), End User and By Geography
According to Stratistics MRC, the Global Chromatography Resin Market is accounted for $2 billion in 2022 and is expected to reach $3.08 billion by 2028 growing at a CAGR of 6.9% during the forecast period. Chromatography is a separation technique based on substrate colour. Chromatography resins are cellulosic matrix-based media that help in chromatography procedures like immobilising bio molecules and purifying antibodies. It is common practise to purify antibodies using chromatography resins since they are efficient and selective. They are further used in bio processing and the purification of recombinant monoclonal antibodies. This is one of the most used techniques for cleaning up bio molecules including peptides, proteins, and nucleic acids. They are employed in size exclusion, affinity, mixed mode, ion exchange, and hydrophobic interaction methods.
According to the World Health Organization (WHO) report, around 40 million people die due to non-communicable diseases annually. Among these 81% of people succumb to cardiovascular diseases, respiratory disease, cancer and diabetes mellitus. The mortality rate due to these diseases is expected to increase by 17% by 2025.
Market Dynamics:
Driver:
Rise in pharmaceuticals & biotechnology industries
Chromatography is the most significant analytical method utilised in the pharmaceutical industry to identify and quantify drugs. Throughout the process of researching, developing, and producing a drug, this is employed in the formulations of the active pharmaceutical ingredient. The chromatographic methods are widely utilised for routine quality control analysis of medications in bulk and pharmaceutical dose form because they are accurate, precise, rapid, specific, and simple. All these elements are fuelling the market growth.
Restraint:
Lack of skilled professionals
The market for chromatography resins is undergoing rapid technical change. But there is a lack of qualified personnel to use chromatographic equipment and to carry out the procedures. The appropriate application of these strategies needs skill and subject-matter knowledge. Thus the lack of professionals to handle and operate the procedures is hampering the growth of the market.
Opportunity:
Raising adoption of green chromatography
The goal of biosimilars is to offer a less expensive substitute for expensive branded biologics. Each biosimilar is created utilising the same amino acid starting materials and same, step-by-step procedures as its reference medicine, a tried-and-true, widely-used biologic therapy that has been on the market for years. This will make drugs and suitable treatments more easily accessible to patients which are driving the growth of the market.
Threat:
High cost of affinity resins
The stages after fermentation account for about 80% of the overall process costs in a typical platform process for the production of mAb treatments, with chromatography accounting for up to 60% of the downstream costs. Resin for a big column might cost more than $1 million USD. The cost of Protein A resin is made much more challenging by the fact that the majority of antibody therapy call for regular, large dosages of the protein. All these factors are hindering the market growth.
COVID-19 Impact
The worldwide chromatography resin market has benefited from the COVID-19 epidemic. This is ascribed to the creation of efficient vaccinations and treatments by businesses and governments throughout the world, which led to the use of reliable analytical techniques by researchers around the world. High demand for chromatographic methods was caused by the urgent necessity to establish a cure for COVID-19 which had a favourable influence on the worldwide market.
The affinity segment is expected to be the largest during the forecast period
The affinity segment is estimated to have a lucrative growth, due to its high selectivity. The affinity chromatography technique offers convenient and efficient purification. It provides high resolution and capacity in most protein purification schemes. It benefits from using the biological structure of proteins to facilitate purification. All these factors are contributing to the segment's growth.
The food & beverages segment is expected to have the highest CAGR during the forecast period
The food & beverages segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its rapid advancements. Chromatography is the main analytical method for food analysis. It is used to assess the nutritional value of food, identify food deterioration, and find food additives. The expansion of this segment is further being fuelled by the quick development of science and technology, rising health care expenditures, rising demand for natural foods, shifting eating habits, and rising health and wellness consciousness.
Region with largest share:
North America is projected to hold the largest market share during the forecast period owing to its raising pharmaceutical & biotechnology applications. The regional population is spending more money on health sector. Modern chromatography methods are becoming more used in food analysis and other diagnostic applications. Many major pharmaceutical companies are growing their research centers in this region. All these factors are driving the region's share.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to its high economic growth. This region is facing the constant expansion in pharmaceutical & biotechnology industries. Strong pharmaceutical items that are renowned for their excellent quality and standards provide as additional support. Also the rising prevalence of non communicable diseases and improving drug trails across the region are fuelling the region's growth.
Key players in the market
Some of the key players profiled in the Chromatography Resin Market include: GE Healthcare, Bio-Rad Laboratories, Inc, Mitsubishi Chemical Holdings Corporation, Danaher, Thermo Fisher Scientific, W.R Grace & Co., Bio-works Technologies, Purolite, Avantor Inc., Dupont, Agilent Technologies, Merck KGaA, Waters Corporation, Expedeon Ltd, Pall Corporation, Kaneka Corporation, Perkin Elmer Inc, Knauer Gmbh, Shimadzu Corporation and Tosoh Bioscience.
Key Developments:
In January 2023, The Mitsubishi Chemical Group and Mitsui Chemicals have launched a joint study into standardizing and optimizing chemical logistics, which underpin society and industry alike. The companies intend to gradually roll out efforts under a number of relevant themes.
In October 2022, Kaneka Corporation concludes a partnership agreement with saitama city on co-creation and promotion with a view to creating a zero carbon city. Both the companies are contributing to the achievement of a de-carbonized/recycling society and strengthening of resilience.
In February 2022, GE Healthcare and Tribun Health have entered collaboration with the intent to provide digital pathology departmental solutions that give healthcare providers a more holistic view of patient records. The alliance intends to bring a data management solution by interfacing Tribun's Health Suite data into GE Healthcare's solution.
Types Covered:
- Natural
- Synthetic
- Inorganic
- Other Types
Techniques Covered:
- Affinity
- Ion Exchange
- Hydrophobic Interaction
- Size Exclusion
- Other Techniques
End Users Covered:
- Pharmaceuticals
- Food & Beverages
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Chromatography Resin Market, By Type
- 5.1 Introduction
- 5.2 Natural
- 5.3 Synthetic
- 5.4 Inorganic
- 5.5 Other Types
6 Global Chromatography Resin Market, By Technique
- 6.1 Introduction
- 6.2 Affinity
- 6.3 Ion Exchange
- 6.4 Hydrophobic Interaction
- 6.5 Size Exclusion
- 6.6 Other Techniques
7 Global Chromatography Resin Market, By End User
- 7.1 Introduction
- 7.2 Pharmaceuticals
- 7.3 Food & Beverages
- 7.4 Other End Users
8 Global Chromatography Resin Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 GE Healthcare
- 10.2 Bio-Rad Laboratories, Inc
- 10.3 Mitsubishi Chemical Holdings Corporation
- 10.4 Danaher
- 10.5 Thermo Fisher Scientific
- 10.6 W.R Grace & Co.
- 10.7 Bio-works Technologies
- 10.8 Purolite
- 10.9 Avantor Inc.
- 10.10 Dupont
- 10.11 Agilent Technologies
- 10.12 Merck KGaA
- 10.13 Waters Corporation
- 10.14 Expedeon Ltd
- 10.15 Pall Corporation
- 10.16 Kaneka Corporation
- 10.17 Perkin Elmer Inc
- 10.18 Knauer Gmbh
- 10.19 Shimadzu Corporation
- 10.20 Tosoh Bioscience
List of Tables
- Table 1 Global Chromatography Resin Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Chromatography Resin Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Chromatography Resin Market Outlook, By Natural (2020-2028) ($MN)
- Table 4 Global Chromatography Resin Market Outlook, By Synthetic (2020-2028) ($MN)
- Table 5 Global Chromatography Resin Market Outlook, By Inorganic (2020-2028) ($MN)
- Table 6 Global Chromatography Resin Market Outlook, By Other Types (2020-2028) ($MN)
- Table 7 Global Chromatography Resin Market Outlook, By Technique (2020-2028) ($MN)
- Table 8 Global Chromatography Resin Market Outlook, By Affinity (2020-2028) ($MN)
- Table 9 Global Chromatography Resin Market Outlook, By Ion Exchange (2020-2028) ($MN)
- Table 10 Global Chromatography Resin Market Outlook, By Hydrophobic Interaction (2020-2028) ($MN)
- Table 11 Global Chromatography Resin Market Outlook, By Size Exclusion (2020-2028) ($MN)
- Table 12 Global Chromatography Resin Market Outlook, By Other Techniques (2020-2028) ($MN)
- Table 13 Global Chromatography Resin Market Outlook, By End User (2020-2028) ($MN)
- Table 14 Global Chromatography Resin Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
- Table 15 Global Chromatography Resin Market Outlook, By Food & Beverages (2020-2028) ($MN)
- Table 16 Global Chromatography Resin Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 17 North America Chromatography Resin Market Outlook, By Country (2020-2028) ($MN)
- Table 18 North America Chromatography Resin Market Outlook, By Type (2020-2028) ($MN)
- Table 19 North America Chromatography Resin Market Outlook, By Natural (2020-2028) ($MN)
- Table 20 North America Chromatography Resin Market Outlook, By Synthetic (2020-2028) ($MN)
- Table 21 North America Chromatography Resin Market Outlook, By Inorganic (2020-2028) ($MN)
- Table 22 North America Chromatography Resin Market Outlook, By Other Types (2020-2028) ($MN)
- Table 23 North America Chromatography Resin Market Outlook, By Technique (2020-2028) ($MN)
- Table 24 North America Chromatography Resin Market Outlook, By Affinity (2020-2028) ($MN)
- Table 25 North America Chromatography Resin Market Outlook, By Ion Exchange (2020-2028) ($MN)
- Table 26 North America Chromatography Resin Market Outlook, By Hydrophobic Interaction (2020-2028) ($MN)
- Table 27 North America Chromatography Resin Market Outlook, By Size Exclusion (2020-2028) ($MN)
- Table 28 North America Chromatography Resin Market Outlook, By Other Techniques (2020-2028) ($MN)
- Table 29 North America Chromatography Resin Market Outlook, By End User (2020-2028) ($MN)
- Table 30 North America Chromatography Resin Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
- Table 31 North America Chromatography Resin Market Outlook, By Food & Beverages (2020-2028) ($MN)
- Table 32 North America Chromatography Resin Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 33 Europe Chromatography Resin Market Outlook, By Country (2020-2028) ($MN)
- Table 34 Europe Chromatography Resin Market Outlook, By Type (2020-2028) ($MN)
- Table 35 Europe Chromatography Resin Market Outlook, By Natural (2020-2028) ($MN)
- Table 36 Europe Chromatography Resin Market Outlook, By Synthetic (2020-2028) ($MN)
- Table 37 Europe Chromatography Resin Market Outlook, By Inorganic (2020-2028) ($MN)
- Table 38 Europe Chromatography Resin Market Outlook, By Other Types (2020-2028) ($MN)
- Table 39 Europe Chromatography Resin Market Outlook, By Technique (2020-2028) ($MN)
- Table 40 Europe Chromatography Resin Market Outlook, By Affinity (2020-2028) ($MN)
- Table 41 Europe Chromatography Resin Market Outlook, By Ion Exchange (2020-2028) ($MN)
- Table 42 Europe Chromatography Resin Market Outlook, By Hydrophobic Interaction (2020-2028) ($MN)
- Table 43 Europe Chromatography Resin Market Outlook, By Size Exclusion (2020-2028) ($MN)
- Table 44 Europe Chromatography Resin Market Outlook, By Other Techniques (2020-2028) ($MN)
- Table 45 Europe Chromatography Resin Market Outlook, By End User (2020-2028) ($MN)
- Table 46 Europe Chromatography Resin Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
- Table 47 Europe Chromatography Resin Market Outlook, By Food & Beverages (2020-2028) ($MN)
- Table 48 Europe Chromatography Resin Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 49 Asia Pacific Chromatography Resin Market Outlook, By Country (2020-2028) ($MN)
- Table 50 Asia Pacific Chromatography Resin Market Outlook, By Type (2020-2028) ($MN)
- Table 51 Asia Pacific Chromatography Resin Market Outlook, By Natural (2020-2028) ($MN)
- Table 52 Asia Pacific Chromatography Resin Market Outlook, By Synthetic (2020-2028) ($MN)
- Table 53 Asia Pacific Chromatography Resin Market Outlook, By Inorganic (2020-2028) ($MN)
- Table 54 Asia Pacific Chromatography Resin Market Outlook, By Other Types (2020-2028) ($MN)
- Table 55 Asia Pacific Chromatography Resin Market Outlook, By Technique (2020-2028) ($MN)
- Table 56 Asia Pacific Chromatography Resin Market Outlook, By Affinity (2020-2028) ($MN)
- Table 57 Asia Pacific Chromatography Resin Market Outlook, By Ion Exchange (2020-2028) ($MN)
- Table 58 Asia Pacific Chromatography Resin Market Outlook, By Hydrophobic Interaction (2020-2028) ($MN)
- Table 59 Asia Pacific Chromatography Resin Market Outlook, By Size Exclusion (2020-2028) ($MN)
- Table 60 Asia Pacific Chromatography Resin Market Outlook, By Other Techniques (2020-2028) ($MN)
- Table 61 Asia Pacific Chromatography Resin Market Outlook, By End User (2020-2028) ($MN)
- Table 62 Asia Pacific Chromatography Resin Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
- Table 63 Asia Pacific Chromatography Resin Market Outlook, By Food & Beverages (2020-2028) ($MN)
- Table 64 Asia Pacific Chromatography Resin Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 65 South America Chromatography Resin Market Outlook, By Country (2020-2028) ($MN)
- Table 66 South America Chromatography Resin Market Outlook, By Type (2020-2028) ($MN)
- Table 67 South America Chromatography Resin Market Outlook, By Natural (2020-2028) ($MN)
- Table 68 South America Chromatography Resin Market Outlook, By Synthetic (2020-2028) ($MN)
- Table 69 South America Chromatography Resin Market Outlook, By Inorganic (2020-2028) ($MN)
- Table 70 South America Chromatography Resin Market Outlook, By Other Types (2020-2028) ($MN)
- Table 71 South America Chromatography Resin Market Outlook, By Technique (2020-2028) ($MN)
- Table 72 South America Chromatography Resin Market Outlook, By Affinity (2020-2028) ($MN)
- Table 73 South America Chromatography Resin Market Outlook, By Ion Exchange (2020-2028) ($MN)
- Table 74 South America Chromatography Resin Market Outlook, By Hydrophobic Interaction (2020-2028) ($MN)
- Table 75 South America Chromatography Resin Market Outlook, By Size Exclusion (2020-2028) ($MN)
- Table 76 South America Chromatography Resin Market Outlook, By Other Techniques (2020-2028) ($MN)
- Table 77 South America Chromatography Resin Market Outlook, By End User (2020-2028) ($MN)
- Table 78 South America Chromatography Resin Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
- Table 79 South America Chromatography Resin Market Outlook, By Food & Beverages (2020-2028) ($MN)
- Table 80 South America Chromatography Resin Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 81 Middle East & Africa Chromatography Resin Market Outlook, By Country (2020-2028) ($MN)
- Table 82 Middle East & Africa Chromatography Resin Market Outlook, By Type (2020-2028) ($MN)
- Table 83 Middle East & Africa Chromatography Resin Market Outlook, By Natural (2020-2028) ($MN)
- Table 84 Middle East & Africa Chromatography Resin Market Outlook, By Synthetic (2020-2028) ($MN)
- Table 85 Middle East & Africa Chromatography Resin Market Outlook, By Inorganic (2020-2028) ($MN)
- Table 86 Middle East & Africa Chromatography Resin Market Outlook, By Other Types (2020-2028) ($MN)
- Table 87 Middle East & Africa Chromatography Resin Market Outlook, By Technique (2020-2028) ($MN)
- Table 88 Middle East & Africa Chromatography Resin Market Outlook, By Affinity (2020-2028) ($MN)
- Table 89 Middle East & Africa Chromatography Resin Market Outlook, By Ion Exchange (2020-2028) ($MN)
- Table 90 Middle East & Africa Chromatography Resin Market Outlook, By Hydrophobic Interaction (2020-2028) ($MN)
- Table 91 Middle East & Africa Chromatography Resin Market Outlook, By Size Exclusion (2020-2028) ($MN)
- Table 92 Middle East & Africa Chromatography Resin Market Outlook, By Other Techniques (2020-2028) ($MN)
- Table 93 Middle East & Africa Chromatography Resin Market Outlook, By End User (2020-2028) ($MN)
- Table 94 Middle East & Africa Chromatography Resin Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
- Table 95 Middle East & Africa Chromatography Resin Market Outlook, By Food & Beverages (2020-2028) ($MN)
- Table 96 Middle East & Africa Chromatography Resin Market Outlook, By Other End Users (2020-2028) ($MN)
