Chromatography is an essential technology used for the purification of the biomolecules. Demand for the resins used for chromatography applications is growing with the rising applications of this technique. Chromatography resins are used in the process of separation and purification of the products and biomolecules in various methods used across different industrial verticals. Rising demand from different industries and technological advancements in the market are expected to create strong growth for the global chromatography resin market. Advancements of the emerging markets and various emerging industrial verticals like pharmaceuticals are expected to help this industry to maintain a steady growth in the next few years to come.
Scope of Research – Segmentation
The global chromatography resin market is categorized on the basis of the types of applications, which include industrial as well as academic and research based applications. Major industrial applications include food production, biotechnology, pharmaceuticals, water analysis and environmental analysis. Academic applications include drug discovery, genetic engineering, and various other analytical and diagnostic activities. On the basis of the types of resins, the market is segmented into synthetic, natural and inorganic polymer resins. The techniques used in the market are categorized into size exclusion, ion-exchange, hydrophobic interaction, affinity, mixed-mode and such other techniques.
Drivers and Restraints
The global chromatography resin market is strongly driven by three crucial driving factors. These factors include rapid growth in the pharmaceutical industry, especially the demand from Asia Pacific regions, growth in the use of separation technique in the food industry and rising demand for monoclonal antibody therapeutics. Strongest restraining factors for the industry include regulatory challenges in the downstream applications and low productivity of the resins. Despite these restraints, the market is aiming at healthy growth from CROS and CMOS in the pharmaceutical industry, rising use of LC-MS and demand for biosimilar products.
According to the experts, the global chromatography resin market is expected to witness a steady growth at a CAGR of over 7% by 2018. At the estimated growth rate, the market is anticipated to be worth more than 1.9 billion by the end of the year 2018. During the forecasting period, North America is expected to witness the strongest growth. Emerging regions like Asia Pacific on the other hand are set to witness rapid rise in terms of demand, applications and advancing technology. Experts suggest strong requirement from pharmaceutical industry in the Asia Pacific region to be the prime driver for the industry in this region.