The chromatography resin market is projected to reach $5.1 billion by 2032
From GlobeNewswire: 2024-12-13 09:00:00
The chromatography resin market is projected to reach USD 5.1 billion by 2032, with a CAGR of 7.4% from 2024 to 2032. The demand for biopharmaceuticals is a key driver, with chromatography resins playing a crucial role in protein purification for treatments of chronic diseases and an aging population globally.
Advances in chromatography techniques have led to the development of more efficient processes and 20 new products. This has expanded the application range across industries like food & beverage, biotechnology, and environmental testing. Key players in the market include Merck KGaA, Bio-Rad Laboratories, and GE Healthcare.
The chromatography resin market is witnessing significant technological advancements, with companies focusing on creating specialized resins for specific applications. Affinity chromatography, which allows selective binding and separation of biomolecules, is gaining traction in biopharmaceutical production. The market is also benefiting from growth opportunities in the pharmaceutical, biotechnology, food & beverage, and environmental testing sectors.
In 2023, North America dominated the chromatography resin market with 33.23% market share, driven by key pharmaceutical companies and a strong R&D infrastructure. Europe is also a significant player, while the Asia-Pacific region is emerging as one of the fastest-growing markets due to the increasing focus on healthcare infrastructure and biopharmaceutical research.
The natural segment accounted for the largest market share in 2023, at about 52.23%, due to its biocompatibility and efficacy. Agarose and dextran-based resins, derived from renewable biomass, offer chemical stability and low nonspecific adsorption, making them ideal for critical applications like protein purification and enzyme immobilization for biopharmaceuticals. Chromatography resins are gaining popularity for their ability to fix the structural folding of bio-molecules and direct multi-peptide assemblies. The biopharmaceutical segment dominates the market, driven by the demand for biologics like monoclonal antibodies and vaccines. Food & beverage also contributes significantly to the market. Key players like Bio-Rad Laboratories and Merck KGaA are expanding their offerings to meet industry demands.
Market analysis reveals that chromatography resins are essential for the purification and production of biologics, driving growth in the biopharmaceutical industry. Companies like Bio-Rad Laboratories and Merck KGaA are introducing new high-performance resins to meet the increasing demand for protein purification in biologics production. The market is also witnessing growth in the food & beverage segment, where chromatography is used for quality control and safety testing.
Bio-Rad Laboratories and Merck KGaA are making strides in the chromatography resin market, introducing new high-performance resins to meet industry demands. The biopharmaceutical segment accounts for a significant share of the market, driven by the growing demand for biologics. Food & beverage also contributes to market growth, with chromatography playing a key role in quality control and safety testing.
The chromatography resin market is witnessing significant growth, with key players like Bio-Rad Laboratories and Merck KGaA expanding their production capabilities to meet industry demands. The biopharmaceutical segment leads the market, fueled by the rising demand for biologics like monoclonal antibodies and vaccines. The food & beverage segment also plays a significant role in market growth through quality control and safety testing.
Market analysis shows that chromatography resins are crucial for the production and purification of biologics, driving growth in the biopharmaceutical industry. Key players like Bio-Rad Laboratories and Merck KGaA are introducing new high-performance resins to meet the increasing demand for protein purification in biologics production. The food & beverage segment also contributes to market growth by using chromatography for quality control and safety testing.
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