The global chromatography resins market is expected to touch a revenue of USD XX million in 2016 and is likely to reach USD XX million by 2022, growing at a CAGR of XX% during the forecast period (2016-2021).
The major end-user industrial applications of chromatography resins are seen in sectors like pharmaceutical & biotechnology, food, academic & research and water treatment & environmental analysis. Of these, pharmaceutical segment accounts for the highest share in terms of market revenue. The demand for chromatography resins in the field of monoclonal antibody production is expected to grow at a considerable rate during the forecast period, owing to the rise in number of critical diseases across the world.
Ion exchange chromatography resins hold the highest market share of the global chromatography resins market in terms of volume. Owing to the higher costs of affinity chromatography resins, this segment also account for the highest market share in terms of revenue.
North America holds the highest market share on account of its pharmaceutical and biotechnology industries. Asia-Pacific is expected to witness the highest growth rate during the forecast period, owing to the huge demand for pharmaceutical products from China and India. Increasing funding for research on chromatography resins and their applications, technological advancements, growing number of research collaborations between market players and academic institutions, etc. have led to significant of the global chromatography resins market growth.
The global chromatography resins market is segmented by application into pharmaceutical, agriculture, food & beverages, environmental analysis, biotechnology, diagnostics and academia, among others. Based on technology, the market is divided into ion exchange, affinity, size exclusion, hydrophobic interaction and mixed-mode chromatography resins. Natural-based and synthetic-based are the two categories under the segmentation by origin. Based on ingredients, the market is divided into agarose, dextran, silica gel, aluminum oxide, polyacrylamide, polymethacrylates and polystyrene. The geographical regions taken into consideration include Asia-Pacific (China, India and Japan, among others), North America (United States of America, Canada and Mexico) and Europe (Germany, United Kingdom, France, Italy and Spain).
Some of the major companies in the chromatography resins market are Dow Chemicals, Sigma-Aldrich, Affymetrix, Inc., BASF SE and Agilent technologies, among others.