Global Chromatography
Resin Market strategic research study
offers company accounts, industry investors, and industry members with
consequential insights to enable them to make reliable strategic decisions
regarding the opportunities in the global market.
In this report, we
thoroughly examine and analyse the Global market for Chromatography Resin so
that market participants can improve their business strategy and ensure
long-term success. This report provides players with useful information and
suggests result-based ideas to give them a competitive advantage in the global Chromatography
Resin industry. It will show how other players compete in the global Chromatography
Resin Market and explain the strategies you use to differentiate yourself from
other participants.
This Research Report
Answers the Following Questions:
·
How Chromatography
Resin market will
grow in the coming year?
·
Will the COVID-19 pandemic surge the demand for such platforms?
·
How are key companies planning to promote benefits of Chromatography Resin?
·
What are the industry growth drivers, obstacles, and dynamics?
·
Which segment is expected to lead in the coming years?
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The global Chromatography
Resin Market is estimated to reach USD 2.86 billion by 2025, with a CAGR of
6.5% over the forecast period. Chromatography is a code of techniques used to
purify as well as separate bimolecular substances such as proteins. Resin is
the stationary matrices in the columns used in aforementioned techniques.
Chromatography resins are particularly used in multi-modal, ion-exchange, size
exclusion, affinity, and hydrophobic interaction techniques. The widely used
techniques are ion-exchange and affinity chromatography largely operated in
pharmaceutical, food manufacturing, environmental analysis, and biotechnology.
Chromatography resins are
available in three major types includes, synthetic, inorganic, and natural
media. Natural media polymers consist majorly of dextran, and agarose
cellulose, and others. Industry prefers synthetic and natural type media over
inorganic chromatography resins. In context with technology, ion-exchange
chromatography experienced the largest consumption in the past few years. On
the other hand, Protein A resins has witnessed the highest share of the market.
Affinity chromatography had the key share in terms of revenue due to its higher
selling cost integrated with affinity resins.
The key drivers for the
chromatography resins could be the heavy demand for monoclonal antibodies owing
to a heighten number of critical diseases concluding in types of therapeutics.
Food analytics could be other major drivers for the market, due to its usage in
nutritional and nutraceuticals chemistry. It deals with a major issue in food
industry by determining the adulteration and additives in the food.
Pharmaceuticals and biotechnology are the major end-users for chromatography
resins and are estimated to continue with higher numbers.
The industrial
applications, such as environmental analysis and water treatment rely on these
techniques. Various opportunities for the chromatography resins market could be
in the academic usage of drug recovery and genetic engineering. However,
government law and regulations integrated with aforementioned applications
could be a major restraint for the market in the near future.
The growth in terms of
therapeutic antibodies demand, increasing utilization of separation &
purifying techniques in the food industry, and emerging R&D activities in
biopharmaceutical are the some of the factors contributing to the
chromatography resins industry growth. Monoclonal antibodies therapeutics are
rapidly capturing importance with rise in critical diseases across the world.
The major factor restraining the global industry is the lack of skilled professionals.
The adequate usage of chromatography equipment requires skill, knowledge, and
expertise in different techniques. For example, the pharmaceutical industry is
experiencing a lack of adequate professional to work on chromatography
equipment and their different techniques.
The key strategies opted by
resin manufacturers include low-cost production with better properties for
binding. The key manufacturer such Bio-Rad, Millipore, GE Life Sciences, and
Tosoh Corporation concentrate on manufacturing resins at lower cost with high
productivity to make a competitive edge. Affinity chromatography resins,
including protein A based resin are considered to be the most expensive as
compared to others. However, with the expiry of current patent would reduce the
cost over the next seven years.
In the past few years,
leading manufacturer are adopting strategy of advancement and introduction of
new product with higher productivity. Therefore, manufacturers are now
investing heavily into R & D activities. North America is estimated to hold
a huge revenue share in the industry. The U.S. has witnessed the largest number
of demand particularly in biopharmaceutical sector due to its heavy investment
and improvement in the R & D. In this region, the growing opportunities for
chromatography resins are primarily into Bio and pharmaceutical sector.
However, the Asia Pacific domestic market is estimated to witness significant
growth over the forecast period owing to its maximum growth in context with
consumption.
Some of the key players in
the industry include, Tosoh Corporation, Pall Corporations, Bio-Rad labs, Life
Technologies Crop, Repligen, and GE Healthcare Life Sciences, and others. The
aforementioned manufacturers are revamping their strategies to gain the
competitive edge by lowering their product prices with high productivity. Life
technologies are projected to introduce ‘POROS’ resins in BPD (Bio
Pharmaceutical Development) and production week conference.
Purolite International Ltd.
has introduced their plans for development and improvement of bio separation
and purifying chromatography resins based on the agarose media. This new
product line is anticipated to cater the rising demand in bio molecules global
market. Purolite has expanded a facility to react the rising demand for its
agarose Protein A resin, which are highly used for monoclonal antibodies
purification. This would develop a resin with properties such as, easy
packaging solutions, high alkaline condition tolerance, long life time, and
higher price as compared to other media.
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