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(MoneyNewsWire.Net, January 24, 2018 ) The Global Chromatography Resin Market is worth USD 1.85 billion in 2017 and estimated to grow at a CAGR of 7.35%, to reach USD 2.64 billion by 2022. The global Chromatography Resin market is developing at an exceptionally quick pace.
Column chromatography is a process used to purify individual chemical compounds from mixtures of compounds. It is often used for preparative applications which ranges from micrograms up to kilograms. Low cost and easy disposability of the stationary phase used in the process are main advantages. The latter prevents cross-contamination and stationary phase degradation due to recycling.
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Growing demand for this technique in the pharmaceutical industry is the major driving factor. Also chromatography is increasingly used to manufacture biological drugs such as monoclonal antibodies and other recombinant proteins, which is expected to propel the market growth. However, Lack of skilled professionals is a major restraint.
The global Chromatography Resin market is segmented on the basis of Type, technique, application and region. Based on Type the market is segmented Natural Polymer, Inorganic media and Synthetic Polymer. Based on Technique the market is segmented into Affinity, Hydrophobic Interaction, Ion Exchange, Size Exclusion and Multi-Modal. Based on Application the market is segmented into Pharmaceutical & Biotechnology, Food & Beverage, Water & Environmental Analysis and Others. The pharmaceutical & biotechnology segment had the largest market share as industrial-scale purification of biopharmaceuticals and quantitative and qualitative analysis of drugs are the key applications of chromatography resin.
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Geographically, the Global Chromatography Resin market is segmented into North America, Latin America Europe, Asia-Pacific, and Middle East and Africa. North America is expected to have the largest market share followed by Europe. Asia Pacific is expected to witness significant growth during the forecast period.
Bio-Rad Laboratories Inc., GE Healthcare, Tosoh Corporation, Merck KGaA , Pall Corporation , Avantor Performance Materials Inc. , Mitsubishi Chemical Corporation , Purolite Corporation , Repligen Corporation , and Thermo Fisher Scientific Inc. are the key players in the global Chromatography Resin market.
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