What is the future of Chromatography Resin Market? Know Covid Impact on Size, Share & Forecasts
June 19, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Chromatography Resin Market.
It was estimated prior to this unanticipated outbreak that the Chromatography Resin Market was expected to reach estimated to grow at a CAGR of 9.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Chromatography resins are resins that are used for the separation or purification purpose of proteins or any other bio-molecular particles in pharmaceutical, environmental analysis, food manufacturing, and biotechnology. These resins are categorized into three types, viz., synthetic, natural and inorganic media. Natural and synthetic resins are favored over inorganic media.
Chromatography resins are used in techniques, such as affinity, mixed-mode, ion-exchange, hydrophobic interaction, and size exclusion. These resins immensely support to isolate the desired components from any mixture of compounds. They are also used in the separation of molecules and in diagnostic test development.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the technique type, the market is segmented as ion exchange chromatography, affinity chromatography, hydrophobic interaction chromatography, size exclusion chromatography, multi-modal chromatography, and others. The ion exchange chromatography segment is estimated to register high growth in the coming five years. The growth is attributed to its extensive use in the pharmaceutical industry.
Based on the application type, the market is segmented as pharmaceutical & biotechnology, food & beverage, water & environmental analysis, and others. The pharmaceutical & biotechnology segment is expected to depict high growth during the forecast period. The growth is attributed to the increasing use of chromatography to manufacture drugs, such as monoclonal antibodies and other recombinant proteins.
In terms of regions, Asia-Pacific is expected to register high growth in the coming five years for chromatography resins. China, India, and South Korea are the growth engines of the region. The market is sustained by the development of generic drugs in the region. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.
Key Players:
Some of the chromatography resin manufacturers are GE Healthcare, Tosoh Corporation, Bio-Rad Laboratories, Inc., Merck KGaA, Pall Corporation, Avantor Performance Materials, Inc., Mitsubishi Chemical Corporation, Purolite Corporation, Repligen Corporation, and Thermo Fisher Scientific Inc.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Chromatography Resin Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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