Chromatography Resin Market Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast, Top Companies 2024

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The global chromatography resin market size is projected to grow from USD 2.1 billion in 2019 to USD 3.0 billion by 2024, at a CAGR of 7.2%. The market is largely driven by the increasing demand for therapeutic antibodies. Chromatography is an essential step in the purification of monoclonal antibodies (mAbs). Over the past decade, there has been a tremendous increase in demand for monoclonal antibodies in oncology and several other therapeutic treatments of Alzheimer’s, and autoimmune and inflammatory disorders. The demand for therapeutic treatments has been growing due to the increasing number of patients. As a result, almost all the major pharmaceutical companies have undertaken R&D of therapeutic antibodies. These factors are further expected to drive the demand in the chromatography resin market.

The synthetic polymer segment is expected to witness the highest growth in terms of value, during the forecast period. The demand for synthetic polymer is expected to be driven by its use in ion-exchange chromatography. Polystyrene divinyl benzene is the most commonly used synthetic polymer, which is being increasingly used in IEX applications because of its better performance characteristics in comparison to natural polymer. The growth of the synthetic polymer segment is projected to be driven by the increasing use in analytical or laboratory-scale applications.

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The ion exchange technique segment is the largest technique segment due to rising demand for low-cost consumables offering high-separation efficiency and its ability to offer relatively high accuracy, precision, selectivity, and speed. In most of the biopharmaceutical purification processes, ion exchange chromatography has become an essential step. It is used in combination with other techniques, wherein the use of protein A resins is not a commercially-preferred option. This has led to high demand for ion exchange chromatography resins.

The North American chromatography resin market is projected to witness considerable growth during the forecast period. Chromatography is used as a major technique in biopharmaceutical research, especially for monoclonal antibodies. The government initiatives, such as healthcare bill, in the US decreases the pressure of regulations related to generic drugs and biosimilars in the country. This, in turn, could accelerate the consumption of chromatography resin. Owing to a rise in the number of critical diseases in the region, the market is poised for higher consumption of resins in the near future. In addition, the adoption of separation technology in a number of areas, such as drug manufacturing and food processing, drives the market for resins in the region.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Chromatography Resin Market Insights by Emerging Trends, Future Growth, Revenue Analysis, Demand Forecast, Top Companies 2024

In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted.

• By Company Type: Tier 1 – 46%, Tier 2 – 31%, and Tier 3 – 23%
• By Designation: C-Level – 46%, Director Level – 27%, and Others – 27%
• By Region: North America – 33%, Europe – 27%, APAC – 27%, South America – 7%, Middle East & Africa – 6%,

Research Coverage
This report segments the market for chromatography resin on the basis of type, application, technique, region, and provides estimations for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, contracts & agreements, and acquisitions associated with the market for chromatography resin.

Reasons to Buy this Report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape; emerging and high-growth segments of the chromatgraphy resin market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

TABLE OF CONTENTS

1 INTRODUCTION 19
1.1 OBJECTIVES OF THE STUDY 19
1.2 MARKET DEFINITION 19
1.2.1 MARKET SCOPE 20
1.2.2 YEAR CONSIDERED FOR THE STUDY 20
1.3 CURRENCY 21
1.4 UNIT CONSIDERED 21
1.5 LIMITATIONS 21
1.6 STAKEHOLDERS 21

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