Global Chromatography Resin Market

Chromatography Resin Market Overview

The global chromatography resin market size was calculated at USD 2.32 billion in 2021 and projected to reach USD 3.87 billion by 2028, growing at a CAGR of 7.6% during the forecast period, 2022-2028. the growing demand for chromatography resin in applications such as pharmaceutical & biotechnology, water & environmental analysis, food & beverage and others. Furthermore, the rising demand for monoclonal antibodies in the pharmaceutical and biotechnology industries, rising concern for food safety, and increasing public-private investment in pharmaceutical & life science research will drive the chromatography resin market growth over the forecast period.

What is Chromatography resin?

Chromatography is separating a mixture of colored compounds into individual components. Resin is one of the key elements of chromatographic technology. It helps separate the desired component from the mixture of compounds. Resins have widespread uses in gel filtration, affinity, ion exchange, hydrophobic interactions, size exclusion, and mixed-mode chromatography techniques. Resins are typically incorporated into chromatographic equipment to meet industrial and research needs such as food & drug processing and purification, diagnostic test development, and separation of biomolecules. In chromatographic-based purification, selecting the right resin is an important step, as the resin is important for the effective and accurate separation of the individual components.

Growth Driver

Growing demand for Therapeutic and monoclonal antibodies

Increasing demand for monoclonal antibodies and therapeutic antibodies due to an increase in acute diseases drives the global chromatographic resin market. There is increasing demand for monoclonal antibodies in oncology and numerous other treatments for Alzheimer’s and autoimmune and inflammatory diseases. The demand for treatment is increasing. As a result, almost all major pharmaceutical industries have been engaged in researching and developing therapeutic antibodies. Purification of monoclonal antibodies removes anion contaminants such as nucleic acids and endotoxins by anion exchange chromatography.

Opportunities

Growing demand for biosimilars

The growing demand for biosimilars is estimated to increase chromatographic resins over the forecast period. The biosimilar market is the fastest-growing biopharmaceutical sector in the world. Expiring patents in the industry encourage many companies to invest in biosimilars during the forecast period. Chromatography is one of the major bioseparation techniques used in producing biosimilar antibodies. The presently available biosimilars treat rheumatoid arthritis, hormonal disorders, cancer and kidney failure. The main directed therapeutic areas for which several biosimilars are in the pipeline embrace oncology, hepatitis and diabetes.

Restraints

Lack of skilled expert

The chromatography resin market has been observing fast technological development in recent years. There is a shortage of qualified professionals to operate chromatographic equipment and carry out the technology in the pharmaceutical industry. Proper use of chromatographic equipment requires expertise with relevant experience and knowledge of various chromatographic techniques, and the growing prices of affinity resins are projected to hinder the growth of the chromatography resin market.

Pre-Covid-19 impact on global chromatography resin market

Before the Covid-19 pandemic, growing demand for therapeutic antibodies, growing healthcare expenditure, and increasing application in the pharmaceutical, chemical, and food industries. Growing demand of the Food and Beverage industries due to high consumption in quality control processes Chromatography resins used at numerous stages from determining the quality of food to detecting additives, growing application of separation & purifying techniques in the food industries, and developing R&D activities in biopharmaceuticals, which enhanced the growth of the chromatography resin market.

Covid-19 impact on global chromatography resin market

During the Covid-19 period, the pandemic has impacted the growth of the chromatography resin market. Due to the unpredicted COVID-19 outbreak, the market will remain for additional observer growth in the pandemic. With the increasing use of chromatographic techniques in the approval of various drugs and their outbreaks causing crises worldwide, more and more research activities are being carried out to test the effects of COVID 19 on the human body. Growing demand for chromatography for use in chemical laboratories for research, purification, and isolation, as well as in the chemical processing industries for small and large-scale processing.

Post Covid-19 impact on global chromatography resin market

After the covid-19 outbreak, Growing R&D for therapeutic areas, such as cancer and immunodeficiency disorders, HIV/AIDS, technological advancement in biotechnology research will enhance the market. The pharmaceutical & biotechnology industry is projected to notice significant growth due to the rising number of drug discoveries, clinical trial projects, and patent expiry of blockbuster drugs and biomolecules are the key factors driving the growth of the chromatography resin market during the forecast period.

Product Type Segmental Analysis

Based on the Product Type, the global chromatography resin market is segregated into Natural, Synthetic, and Inorganic media. The natural segment is accounted as the largest shear of the market. The natural resins are further sub-segmented into agarose, dextran, and others. It is mostly due to the increasing demand for natural resin in numerous applications due to its low cost and high functionality. The natural resin is extensively used in size exclusion and paper chromatography in various applications.

Technique segmental analysis

Based on the Technique, the market is categorized into Ion Exchange Chromatography, Affinity Chromatography, Hydrophobic Interaction Chromatography, Size Exclusion Chromatography, Multimodal Chromatography, and Other. The Ion Exchange chromatography segment is calculated as the major share of the market. It is due to the significant influence of the pharmaceutical industries, food and beverage, and chemicals industries.

Application segmental analysis

Based on the Application, the global chromatography resin market is classified into Pharmaceutical & Biotechnology, Food & Beverage, Water & Environmental Analysis, and Others. The Pharmaceutical and Biotechnology segment is accounted as the larger share of the market. Due to the growing numeral of drug discovery and clinical trial developments, a great amount of resin used in the pharmaceutical process is driving the growth of this segment. Furthermore, the accessibility of government and corporate funding for pharmaceutical and biotechnology research and development is crucial for the pharmaceutical industries.

Region segmental analysis

The global chromatography resin market is categorized into North America, Europe, Asia Pacific, South America, and Middle East & Africa based on the region. North America to account for the higher market share during the forecast period. It is due to the higher demand for chromatography resins from the pharmaceutical sector in the United States. Furthermore, the growing demand for monoclonal antibodies due to the rising number of serious diseases has enlarged the chromatographic resins market in the country.

Competitor Analysis

Companies include Bio-Rad Laboratories, Inc. General Electric Healthcare, Merck KGaA, Pall Corporation, Mitsubishi Chemical Holdings Corporation, Thermo Fisher Scientific, Repligen Corporation, W.R. Grace & Co., Purolite Corporation, Cytiva, Tosoh Corporation, Bio-Work Technologies AB, Avantor Performance Material Inc., Others Prominent Players in the Chromatography Resin market. Key Stakeholders

• Market research and consulting firms
• Industry associations
• Research organizations and consulting companies
• Organizations, associations, and alliances related to the global chromatography resin market
• Global chromatography resin technology manufacturing firm
• Local governments
• Regulatory bodies
• Suppliers
• Retailers

Recent Development

• In 2021, Bio-Works launched two new products BabyBio peptide purification kit and BabyBio IEX screening kit.
• In 2020, Avantor Inc. launched a new protein chromatography resin named PROchieva. This product is a new recombinant protein, an affinity chromatography resin that helps purify antibodies during mAbs production.
• In 2019, Tosoh co. Collaborated with Semba Biosciences Inc., this acquisition is to enlarge the business in bioscience.

Scope of the Report

Report Attribute	Details
Market Size Value in 2021	USD 2.32 Billion
The revenue forecast in 2028	USD 3.87 Billion
Growth Rate	CAGR of 7.6% from 2022 to 2028
Historical data	2017 – 2020
Base Year	2021
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	Bio-Rad Laboratories Inc. General Electric Healthcare, Merck KGaA, Pall Corporation, Mitsubishi Chemical Holdings Corporation, Thermo Fisher Scientific, Repligen Corporation, W.R. Grace & Co., Purolite Corporation, Cytiva, Tosoh Corporation, Bio-Work Technologies AB, Avantor Performance Material Inc.

Market Modelling

By Product Type

• Natural
• Synthetic
• Inorganic media

By Technique

• Ion Exchange chromatography
• Affinity Chromatography
• Hydrophobic Interaction Chromatography
• Size Exclusion Chromatography
• Multimodal Chromatography
• Other

By Application

• Pharmaceutical & Biotechnology
• Food & Beverage
• Water & Environmental Analysis
• Other

By Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

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