Chromatography Resin Market Size Worth $3.07 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, Sept. 6, 2022 /PRNewswire/ -- The global chromatography resin market size is expected to reach USD 3.07 billion by 2030, as per a new report by Grand View Research, Inc. The market is projected to advance at a CAGR of 5.4% from 2022 to 2030. The growth is majorly driven by the constantly increasing need for drug development activities for the production of biopharma and biological products for diagnostics.         

Key Industry Insights & Findings from the report:

• The Asia Pacific region is expected to witness the fastest CAGR globally of 6.1%, in terms of revenue, during the forecast period. This is attributable to government initiatives in Asian countries, especially in China and India, to give a boost to the pharmaceutical industry.
• The ion exchange technique is anticipated to exhibit a rapid growth rate of 6.3% in terms of revenue from 2022 to 2030. This is owed to rapid growth in drug discovery activities in developed as well as developing economies worldwide.
• The pharmaceutical & biotechnology end-use segment contributed the highest share, accounting for more than 87% of the revenue in 2021, owing to constant demand from pharmaceutical companies and CROs for drug discovery processes.
• On the other hand, the food & beverages segment is witnessed to advance at a CAGR of 6.2%, in terms of revenue, during the forecast period. The high growth rate is attributable to the growing application of the technique in F&B processes such as detection of aflatoxins in foods, vitamin separation, amino acid analysis, profiling food components, analysis of colorants and residues, sugar content analysis, and others.
• The natural type segment accounted for the largest share of more than 51% in terms of revenue in the global market. This high share is attributable to the rising demand for natural resins obtained from natural sources, which comply with the regulatory support for use in various applications, thus complementing the segment growth.

Read 145-page market research report, "Chromatography Resin Market Size, Share & Trends Analysis Report By Product (Natural, Synthetic), By Technique (Ion Exchange), By End-use (Pharmaceutical & Biotechnology), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Chromatography Resin Market Growth & Trends

The chromatography technique is used in therapeutic drug monitoring, which is used when a patient is on toxic medication to analyze the blood and urine levels. Such tests of blood, urine, stool, and umbilical cord on a regular basis are beneficial to ensure that the patient is taking an appropriate dose of medication. This technique helps companies develop and manufacture biological pharmaceutical tools to achieve the safety and quality of active ingredients.

In North America, the pharmaceutical industry has been advancing for years and has grown at a faster rate, resulting in booming demand for ion-exchange chromatography resin. Additionally, high healthcare spending and the presence of major pharmaceutical market leaders in the U.S. are the main drivers of the market for chromatography resin in the North America region. Key players operating in this industry are constantly undertaking initiatives to develop more effective and innovative products in an attempt to strengthen their position in the global market. During the COVID-19 pandemic, chromatography resin manufacturers including Purolite, TriAltus Bioscience, and Avantor were majorly engaged in R&D activities for new product development. For instance, TriAltus Bioscience, a developer of innovative tools for protein purification, developed a novel CL7/Im7 system, which is a protein purification technology. This technology was developed to aid cancer institutes with COVID-19 vaccine development.

Chromatography Resin Market Segmentation

Grand View Research has segmented the global chromatography resin market on the basis of type, technique, end-use, and region:

Chromatography Resin Market - Type Outlook (Revenue, USD Million; Volume, Thousand Liters, 2018 - 2030)

• Natural
• Synthetic
• Inorganic

Chromatography Resin Market - Technique Outlook (Revenue, USD Million; Volume, Thousand Liters, 2018 - 2030)

• Ion exchange
• Affinity
• Hydrophobic interaction
• Size exclusion
• Others

Chromatography Resin Market - End-use Outlook (Revenue, USD Million; Volume, Thousand Liters, 2018 - 2030)

• Pharmaceutical & Biotechnology
• Food & Beverage

Chromatography Resin Market - Regional Outlook (Revenue, USD Thousand; Volume, Thousand Liters, 2018 - 2030)

• North America
• U.S.
• Europe
• U.K.
• France
• Germany
• Asia Pacific
• China
• India
• Japan
• South Korea
• Central & South America
• Middle East & Africa

List of Key Players of Chromatography Resin Market

• Merck KGaA
• Bio-Rad Laboratories, Inc.
• Thermo Fisher Scientific
• WIPRO GE HEALTHCARE PVT LTD
• Purolite
• GRACE
• Mitsubishi Chemical Holdings Corporation.
• Danaher

Check out more related studies published by Grand View Research:

• Mixed Mode Chromatography Resin Market - The global mixed mode chromatography resin market size is expected to reach USD 130.3 million by 2025, according to a new report by Grand View Research, Inc., exhibiting a 7.1% CAGR during the forecast period. Growing number of contract manufacturing organizations (CMOs) and contract research organizations (CROs), along with increasing use of chromatography resin in separation of monoclonal antibodies, is anticipated to propel the market.
• Glutathione Resin Market - The global glutathione resin market size is expected to reach USD 777.46 million by 2028, registering a CAGR of 8.4% over the forecast period, as per the new report by Grand View Research, Inc. The market is majorly driven by the rising product demand on account of the rapid expansion of pharmaceutical industries and vaccine production.
• Specialty Chemicals Market - The global specialty chemicals market size is expected to reach USD 824.1 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.3% over the forecast period. Higher performance achieved by the application of specialty chemicals when compared to their conventional counterparts is expected to be one of the prime market growth factors.

Browse through Grand View Research's Specialty Polymers Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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