MarketsandMarkets: The chromatography resin market size is estimated to be USD 2.2 billion in 2020 and is expected to reach USD 3.3 billion by 2025, at a CAGR of 8.2% during the forecast period.
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Factors such as growing demand for chromatography in drug development and omics research, increasing public-private investments in pharmaceutical and life sciences research , and concern regarding food safety will drive the chromatography resin market. The major restraint for the market will be lack of adequate skilled professionals and presence of alternative technologies to chromatography. However, rise in CROs and CMOs in the pharmaceutical industry, increasing demand for biosimilar, increasing use of Liquid Chromatography-Mass Spectrometry (LC-MS) in analytics and research, and growing demand for disposable pre-packed columns will act as opportunities for this market.
In December 2020, Merck announced the broadening of its manufacturing footprint at its production facilities in Danvers, Massachusetts, and Jaffrey, New Hampshire, USA. These sites supply essential products to customers developing lifesaving therapies, including Covid-19 vaccines, as well as furnishes products and services for biopharmaceutical manufacturing. These expansions will increase capacity and output at these facilities by the end of 2021 and 2022, respectively, and create approximately 700 new manufacturing positions.
In May 2020, Purolite LLC announced the opening of an ion exchange resins Application Laboratory in Gyeonggi-do, Republic of Korea.
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The key market players profiled in the report include Bio-Rad Laboratories (US), GE Healthcare (US), Merch KGaA (Germany), Thermo Fisher Scientific Inc. (US), Cytiva (US), Avantor Performance Materials, Inc. (US), Mitsubishi Chemical Corporation (Japan), Purolite Corporation (US), Tosoh Corporation (Japan), Sartorius Stedim Biotech S.A. (France), Bio-Works Technologies AB (Sweden), and Repligen Corporation (US).
Bio-Rad Laboratories, Inc. is one of the major players in the chromatography resin market. In order to strengthen its product portfolio, Bio-Rad Laboratories, Inc. is focusing launching the new products meeting client’s requirements. For instance, in April 2020, the company announced the commercial launch of its SARS-CoV-2 Total Ab test, a blood-based immunoassay kit to help determine if an individual has developed antibodies to SARS-CoV-2, the virus associated with COVID-19 disease. The test detects IgG, IgM, and IgA antibodies.
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♦ Study Coverage
This report covers the chromatography resin market in terms of value and volume and forecasts the market size until 2025. The report includes market segmentation based on type, technique, application, and region. It also provides company profiles and competitive strategies adopted by the major players in the chromatography resin market. The report also covers Porter’s Five Forces analysis, market overview, and insights on various drivers, restraints, opportunities, and challenges in the chromatography resin market.
