Global Chromatography Resin Market is expected to foresee significant growth. Asia Pacific is expected to lead the growth!

The global Chromatography Resin market is expected to register significant growth with a CAGR of around 8% over the period of 2022-2028. This can be attributed to the need for chromatography resins in applications for drug development has been boosted by biotechnology and pharmaceutical companies. A rise in R&D investment is anticipated to enhance the need for chromatography, which is a crucial component of R&D operations in the pharmaceutical sector. According to Congressional Budget Office USA,the pharmaceutical industry spent USD 83 billion dollars on R&D in 2019. This is expected to propel the usage of chromatographic resins positively. Chromatography resins are also utilized in commercial processes like water purification and environmental analysis. Despite the numerous uses, laws related to these applications may act as a significant constraint on the chromatography resins market.

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Based on type, the market is classified into Inorganic, Natural and Synthetic. A sizeable portion of the market is accounted for by the natural sector, which can be attributed to rising natural product consumption as well as widespread use of size exclusion chromatography and paper chromatography in various industrial applications. Key market drivers include the growing demand from the food and beverage industry as well as the pharmaceutical and medical sectors, which are expanding due to the increase in healthcare spending.

Based on application, the market is classified into Pharmaceutical & Biotechnology, Academics & Research, Food & Beverage and Others. The market for chromatography resin was primarily driven by the pharmaceutical and biotech segment. The expanding use of these resins in pharmacological procedures to synthesize highly pure materials in massive quantities and to check the purified components for contamination is what causes for the high segment share.

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For a better understanding of the market adoption of the chromatography resin industry, the market is analyzed based on its worldwide presence in the countries such as North America (The United States, Canada, and Rest of North America); Europe (Germany, France, The United Kingdom, Italy, Spain and Rest of Europe); Asia-Pacific (China, India, Japan, and Rest of Asia-Pacific), and Rest of World. North America is anticipated to see the significant CAGR increase during the forecast period owing to its extensively advanced pharma industry, rising end-use applications, availability of a highly qualified workforce, and rising R&D investments to promote revolutionary product applications. The market in North America is also anticipated to be bolstered by strong interest in the medicinal applications of monoclonal antibodies. Growing government subsidies for local manufacturing in the APAC area is predicted to boost regional manufacturing levels and decrease reliance on imports, creating profitable prospects for both international and local firms.

Some of the major players operating in the market include Cytiva Lifesciences, Bio-Rad Laboratories Inc., Sartorius AG, Generon, Tosoh Bioscience, Bio-Works, Repligen Corporation, LAF-Biotechnology, JNC Corporation and Anatrace Products LLC.

Global Chromatography Resin market segmentation

Market Insight, by Type

• Inorganic
• Natural
• Synthetic

Market Insight, by Application

• Pharmaceutical & Biotechnology
• Academics & Research
• Food & Beverage

Market Insight, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Rest of World

Top company profiles

• Cytiva Lifesciences
• Bio-Rad Laboratories Inc.
• Sartorius AG
• Generon
• Tosoh Bioscience
• Bio-Works
• Repligen Corporation
• LAF-Biotechnology
• JNC Corporation
• Anatrace Products LLC.