What is the global market size of Chromatography Resin Marke?

Chromatography Resin Market size was valued at USD 2.1 billion in 2021 and is poised to grow from USD 2.25 billion in 2022 to USD 3.89 billion by 2030, growing at a CAGR of 7.1% in the forecast period (2023-2030).

Chromatography Resin Market Size, Share, Growth Analysis, By Type(Natural, synthetic, inorganic and others), By Technique(Ion exchange, chromatography, affinity chromatography, hydrophobic interaction), By Application(Biotechnology, pharmaceuticals, food and beverages, and others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35H2064 | Region: Global | Published Date: April, 2024
Pages: 219 | Tables: 94 | Figures: 77

Chromatography Resin Market Dynamics

Chromatography Resin Market Drivers

Growing Demand for Monoclonal Antibodies to Bolster Market Growth

The chromatography resins market is being driven by the increasing demand for monoclonal antibodies that are widely used for the treatment of diseases like cancer and rheumatoid arthritis. Chromatography resins are extensively used in the purification and separation of these antibodies, which has become a crucial process in the biopharmaceutical industry. With the rising incidence of these diseases, there is an expected surge in the demand for chromatography resins in the near future.

Chromatography Resin Market Restraints

High Cost to Hinder Market Growth

One of the major restraints is the high cost of these resins, which can limit their adoption in certain applications. In addition, the production and development of chromatography resins can be a complex and time-consuming process, which can also contribute to their high cost. Other factors that may impact the market include the availability of alternative separation technologies, as well as regulatory requirements and safety concerns related to the use of chromatography resins in various applications..

Chromatography Resin Market Report Snapshots

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Chromatography Resin Market size was valued at USD 2.25 billion in 2022 and is poised to grow from USD 2.41 billion in 2023 to USD 4.17 billion by 2031, growing at a CAGR of 7.10% during the forecast period (2024-2031).

The market for chromatography resins is highly competitive, with numerous players striving to increase their market share. Key players in the industry are investing heavily in research and development to create innovative and advanced products that can cater to the rising demand from the end-use industries. In addition, these companies are implementing various growth strategies, such as mergers and acquisitions, collaborations, and partnerships, to expand their market presence. 'GE Healthcare Life Sciences', 'Merck KGaA', 'Tosoh Corporation', 'Bio-Rad Laboratories, Inc.', 'Thermo Fisher Scientific Inc.', 'Pall Corporation', 'Purolite Corporation', 'Mitsubishi Chemical Corporation', 'Repligen Corporation', 'Avantor Performance Materials, LLC', 'Agilent Technologies, Inc.', 'Phenomenex Inc.', 'W.R. Grace & Co.', 'Danaher Corporation', 'Sepax Technologies, Inc.', 'Bio-Works Technologies AB', 'YMC Co. Ltd.', 'Sunresin New Materials Co. Ltd.', 'Kinesis Ltd.', 'Biotoolomics Inc.', 'In January 2023, Astrea Bioseparations completed the acquisition of Delta Precision, a company that specializes in the production of chromatography columns used in biomanufacturing processes.'

The chromatography resins market is being driven by the increasing demand for monoclonal antibodies that are widely used for the treatment of diseases like cancer and rheumatoid arthritis. Chromatography resins are extensively used in the purification and separation of these antibodies, which has become a crucial process in the biopharmaceutical industry. With the rising incidence of these diseases, there is an expected surge in the demand for chromatography resins in the near future.

The use of single-use technologies, such as chromatography columns that are designed for one-time use, is becoming more prevalent in the biopharmaceutical sector. These cutting-edge tools bring various benefits, such as minimizing the likelihood of cross-contamination and enhancing operational efficiency.

The use of advanced technologies and increasing research and development activities in the pharmaceutical and biotechnology industries have made the North American dominant player in the chromatography resins market.

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Chromatography Resin Market Dynamics

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