The global chromatography resin market size is expected to reach $ 3.76 billion by 2028 at a CAGR of 7.7%, according to a latest report from Reports and Data.
NEW YORK CITY, NY, UNITED STATES, September 8, 2021 /EINPresswire.com/ – A full report on the Chromatography Resin Market has been published by Reports and Data which offers insightful data on market dynamics, drivers, restraints, current and emerging trends, market size, market share, and market revenue growth. Factors such as the increasing demand for chromatography to be used in chemical laboratories for research, isolation and purification, as well as in the chemical transformation industry for small and large-scale transformation, are driving growth market income. At one extreme, hundreds of kilograms of material are transformed into refined products every hour, while at the other, minute amounts of less than a nanogram are isolated and detected during analysis. The wide use of chromatography resin in the science of separation is due to its flexibility in all its types, as well as its ease of use and a fairly well-developed background in which the various chromatographic techniques operate.
In the pharmaceutical industry, chromatography resins are widely used to analyze and classify the presence of any trace of chemicals and elements in a given sample. They are also used to separate chemical compounds based on their molecular weights. The revenue growth of the global chromatography resins market is increasing owing to the increased spending in drug development as the production of new drugs requires the use of these resins.
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Chromatography resins are used in the food industry to help assess the shelf life of food substances by helping to study the stage at which foods spoil. In addition, this method can be used to assess the existence of chemical additives in foods. Chromatography resin can also be used to assess the nutritional value of a food sample.
However, advancements in other techniques such as protein crystallization, charged ultrafiltration membranes, and electrophoresis may restrain the growth of the chromatography resins market to some extent during the forecast period.
Some prominent players in the global chromatography resin market include:
Merck KGaA, Bio-Rad Laboratories, Inc., GE Healthcare Lifesciences, Thermo Fisher Scientific, Inc, Purolite, WR Grace & Co.-Conn., Mitsubishi Chemical Corporation, Tosoh Corporation, and Danaher.
Some highlights of the report:
Chromatography resin played an important role in the analysis and development of Remdesivir in the United States, which was one of the first treatments approved by the US FDA for the treatment of SARS-CoV-2. By the way, Remdesivir was first developed as a treatment for the Ebola virus, which also raised fears of a pandemic a few years ago. Such R&D in drug development has increased investment in the chromatography resin market.
Natural resins dominated the product category in 2020, due to their wide use in size exclusion and paper chromatography in various end-use industries.
Ion exchange segment accounted for largest share of revenue in 2020 due to rapid growth in drug development business and initiatives in developing and developed countries
Pharmaceutical segment accounted for the largest share of revenue in 2020 due to the high consumption of resin in pharmaceutical processes to prepare pure materials in large quantities and to inspect compounds cleaned for contamination.
North America accounted for the largest share of the global chromatography resin market revenue in 2020, which can be attributed to the rapid expansion of industries such as pharmaceutical, healthcare, food and beverage. and chemicals, in which chromatography resin is widely used.
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Segments covered in the report
This report provides historical data and forecasts revenue growth at global, regional and country level and provides analysis of the latest industry trends in each of the sub-segments from 2018 to 2028. For the purpose of this report, Reports and Data has segmented the Global Chromatography Resin Market on the basis of Product, Technique, End Use, and Region:
Product Outlook (Volume, Thousands of Liters; Revenue, USD Million, 2018 – 2028)
Technical Outlook (Volume, Thousands of Liters; Turnover, Millions USD, 2018 – 2028)
End Use Outlook (Volume, Thousand Liters; Revenue, USD Million, 2018 – 2028)
Water and environment agencies
food and drinks
Regional Outlook (Volume, Thousand Liters; Revenue, USD Million, 2018 – 2028)
Central and South America
Middle East and Africa
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