The global chromatography resin market size is expected to reach USD 3.94 billion by 2030 and expand at a CAGR of 6.8% according to a new report by Grand View Research, Inc. The growth is majorly driven by constantly increasing need for drug development activities for the production of biopharma and biological products for diagnostics.
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. Tests such as blood, urine, stool, and umbilical cord on a regular basis are beneficial to ensure that the patient is taking an appropriate dose of medication. These technique helps companies develop and manufacture biological pharmaceutical tools to achieve 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. is the main driver of the chromatography resin market in the North America region.
Gather more insights about the market drivers, restrains and growth of the Global Chromatography Resin Market
Some of the key players operating in the industry are constantly undertaking initiatives to develop more effective and innovative products in an attempt to strengthen their position in the global market. In Covid-19 pandemic the chromatography resin manufacturers including Purolite, TriAltus Biosciences, and Avantor were majorly engaged in R&D activities for new product development. For instance, TriAltus Biosciences, a developer of innovative tools for protein purification developed novel CL7/Im7 system a protein purification technology. This technology was developed to aid the cancer institute for Covid-19 vaccine development.
Chromatography Resin Market Report Highlights
The Asia Pacific chromatography resin market is witnessing high economic growth across major regional countries such as China, India, and Japan among others is likely to boost the market growth.In terms of technique, the ion exchange technique segment dominated the market with a revenue share of 43.0% in 2023.Based on type, the natural segment dominated the market with a revenue share of 51.1% in 2023.The pharmaceutical & biotechnology segment dominated the market with a revenue share of 83.1% in 2023.North America region dominated the market with a revenue share of 33.1% in 2023. This high share is attributed to the growing demand for drug discovery to control diseases globally such as Ebola, Zika, and others.The Asia Pacific chromatography resin market is witnessing high economic growth across major regional countries such as China, India, and Japan among others is likely to boost the market growth.Browse through Grand View Research's Specialty Polymers Industry Research Reports.
Fluoropolymer Films Market: The global fluoropolymer films market size was valued at USD 1.09 billion in 2023 and is projected to grow at a CAGR of 12.9% from 2024 to 2030.Waterproofing Chemicals Market: The global waterproofing chemicals market size was valued at USD 6.80 billion in 2023 and is projected to grow at a CAGR of 6.8% from 2024 to 2030.
Chromatography Resin Market Segmentation
Grand View Research has segmented the global chromatography resin market report based on type, technique, end-use, and region:
Chromatography Resin Type Outlook (Revenue, USD Million; Volume, Thousand Liters, 2018 - 2030)
NaturalSyntheticInorganicChromatography Resin Technique Outlook (Revenue, USD Million; Volume, Thousand Liters, 2018 - 2030)
Ion ExchangeAffinityHydrophobic InteractionSize ExclusionMixed ModeOthersChromatography Resin End?use Outlook (Revenue, USD Million; Volume, Thousand Liters, 2018 - 2030)
Pharmaceutical & BiotechniqueFood & BeverageWater & Environmental AnalysisOther End-UsesChromatography Resin Regional Outlook (Revenue, USD Million; Volume, Thousand Liters, 2018 - 2030)
North AmericaS.CanadaMexicoEuropeGermanyK.FranceItalySpainAustriaSwitzerlandAsia PacificChinaIndiaJapanSouth KoreaAustraliaNew ZealandCentral & South AmericaBrazilArgentinaMiddle East & AfricaSouth AfricaSaudi ArabiaUAEOrder a free sample PDF of the Chromatography Resin Market Intelligence Study, published by Grand View Research.
