Target Audience of Chromatography Resins Market: Manufacturer / Potential Investors, Traders, Distributors, Wholesalers, Retailers, Importers and Exporters, Association and government bodies.
Chromatography Resins Market Report provides key statistics on the market status of the Chromatography Resins Key-players/Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Industry
In 2017, the Europe chromatography resins market was valued at USD 543.8 million. The market is expected to register a CAGR of about 5.32% during 2018-2023 (the forecast period). As of 2017, Germany held the largest market and accounted for a share of around 24%, while Switzerland is estimated to record the fastest CAGR over the forecast period (2018 – 2023).
Increasing Academic and Commercial R&D Spending on Pharmaceuticals
The pharmaceutical industry holds the largest market share for the chromatography resins market hence, the worldwide fluctuations in the pharmaceutical industry directly affect the demand for chromatography resins. In this industry, chromatography resins are used for a wide variety of applications, including separation of chemical biomolecules, drug delivery, protein purification, diagnostics etc. With the increasing number of diseases, like AIDS, and cancer research, and the discovery of new viruses and bacteria, industries have called for the development of newer molecular entities (NMEs) and have increased their R&D spending on medicines. With the rising critical diseases across the world, monoclonal antibody therapeutics is quickly gaining importance, which is directly employing the use of chromatography resins.
Water and Environmental Analysis to Expand at the Fastest Rate
Chromatography resins application for the analysis of water and environment is considered to be essential in the modern day treatment process. These resins are highly porous in nature, hence they are widely used for the testing of quality of air, water, and soil. Chromatography resins, especially ion-exchange chromatography resins, are widely applied in the air purification technique, as they offer a large surface area to entrap high concentration of air pollutants. Ion-exchange chromatography resins also aids in soil testing process, by accurately determining different elements that are available in soil.
Germany to Dominate the Market
In 2017, Germany held the highest market share, accounting for around 24% of the European market. The German market is highly driven by the pharmaceutical industry. In Europe, the German pharmaceutical industry is the largest and fourth largest in the world. In 2016, the domestic demand decreased in the country, however, the exports of pharmaceutical products have increased, significantly. The demand for chromatography resins from the pharmaceutical industry is expected to be moderate, due to a decrease in the domestic demand. However, the exports are likely to contribute to the demand of these resins in the region.
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Major companies covered in this Report:
- Agilient Technologies
- Avantor Performance Materials
- Bio-Rad Laboratories
- GE Healthcare Life Sciences
- Merck KGaA
- Mitsubishi Chemical Corporation
- Pall Corporation
- Repligen Corporation
- The Dow Chemical Company
- Thermo Fisher Scientific
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This Chromatography Resins market report offers an overview of the market trends, drivers, and barriers with respect to the market. A detailed analysis of key players, along with key growth strategies adopted by them is also covered in this report on Chromatography Resins market.