The chromatography market is estimated to be valued at US$ 11,702.77 Mn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Chromatography is an analytical technique used for separating and analyzing complex mixtures. It is widely utilized in various industries such as pharmaceutical, food and beverage, oil & gas, and biotechnology for quality testing. Chromatography aids in separation, identification, and quantification of various components in sample mixtures. Key advantages include high sensitivity, accuracy, and reproducibility of results.
Market key trends:
The increasing demand for quality testing in the pharmaceutical industry is expected to be a major factor driving the growth of chromatography market over the forecast period. Chromatography is widely utilized for drug discovery, drug development, quality control, and purity testing of pharmaceutical products. According to the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA), the total global spend on medicines is projected to reach US$ 1.5 trillion in 2023. Moreover, stringent regulations regarding quality and safety of pharmaceutical products across major counties is augmenting the demand for chromatography systems. ICH Q3D guideline implemented by FDA and EMA recommends utilization of chromatographic techniques for elemental impurities testing in pharmaceuticals. Thus, increasing pharmaceutical R&D activities and stringent regulations regarding pharmaceutical product quality are contributing to the growth of chromatography market.
Porter’s Analysis
Threat of new entrants: The chromatography market requires huge investments in R&D for product innovation. Established players in the market also have strong brand recognition and distribution networks which pose high entry barriers for new players.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitutes and access to global supply chains. However, customized solutions and services offered by chromatography solution providers help increase customer retention.
Bargaining power of suppliers: The availability of alternative raw material suppliers and outsourcing of component manufacturing reduces the bargaining power of suppliers in the chromatography market.
Threat of new substitutes: While new separation techniques such as flash chromatography are emerging, HPLC and GC systems are well-established as the primary tools for separation in various industries. This poses a low threat of substitutes.
Competitive rivalry: The chromatography market is highly competitive due to the presence of major global players. Companies compete based on product portfolio expansion, pricing, and service offerings.
SWOT Analysis
Strength: Chromatography techniques offer high selectivity and precision in separation science. The market is driven by wide applications in pharmaceuticals, food testing, environmental testing, and forensics.
Weakness: High instrument costs as well as maintenance and operational costs associate with chromatography analysis techniques. Lack of skilled professionals to operate complex chromatography systems.
Opportunity: Growing life science industry globally and increasing R&D investments by pharma companies and academic institutes. Expansion of applications of chromatography in proteomics, metabolomics and lipidomics.
Threats: Introduction of alternative novel separation methods. Economic slowdowns impacting material sales and client investments in new technologies.
Key Takeaways
The Global Chromatography Market Demand is expected to witness high growth, exhibiting a CAGR of 4.8% over the forecast period, due to increasing R&D investments in pharmaceutical and biotechnology companies. The pharmaceutical segment dominates the end use segment and is expected to grow at a higher CAGR during the forecast period owing to wide-spread use of chromatography techniques in drug discovery, quality testing and production. Regionally, North America dominated the chromatography market in 2023 and is expected to maintain its leading position over the forecast period. This is attributed to presence of major players and availability of research funding for novel drug development in the region.
Key players operating in the chromatography market are Thermo Fisher Scientific Inc., Agilent Technologies, Inc., SHimadZu Corporation, Waters Corporation, Affymetrix, Inc., Siemens Healthcare, Illumina Inc., Horiba Limited, PerkinElmer, Inc., Life Technologies, Protagen AG, Roche Diagnostics Limited, Malvern Panalytical, Tosoh Corporation, Polymer Char, and Potsnova Analytics. The major players are focusing on expanding their product portfolios through strategic collaborations and new product launches.\
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Chromatography Reagents are used in a variety of applications, including HPLC, ion chromatography, flash chromatography, and complexometric titration amongst others.Currently, MilliporeSigma, Thermo Fisher Scientific, Avantor Performance Materials, VWR International, Kanto Chemical, Tianjin Concord Technology and ChengDu Chron Chemicals are major manufacturers of this industry.
MilliporeSigma is a global leader.
In 2017, the sales of MilliporeSigma were 53410 tons, and the company held a share of 43.81%.Chromatography is a versatile method of separating and analyzing the components or solutes within complex chemical mixtures and is widely used across multiple market segments.
Using chromatography, separation is achieved by allowing a sample within a solvent to be carried by a mobile phase (in liquid or gaseous form) through an adsorbent (typically a column, gel, or paper) serving as a stationary phase, so that each individual compound within the mixture is adsorbed into a separate layer and therefore eluted at different times.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-chromatography-reagents-2019-2024-589According to this study, over the next five years the Chromatography Reagents market will register a 6.0% CAGR in terms of revenue, the global market size will reach US$ 4650 million by 2024, from US$ 3480 million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in Chromatography Reagents business, shared in Chapter 3.This report presents a comprehensive overview, market shares, and growth opportunities of Chromatography Reagents market by product type, application, key manufacturers and key regions and countries.This study considers the Chromatography Reagents value and volume generated from the sales of the following segments:Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.Ion Pair ReagentsDerivatization ReagentsChromatography SolventsOtherSegmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.PharmaceuticalLife SciencesFood & Beverage TestingEnvironmental TestingOthersThis report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapanKoreaSoutheast AsiaIndiaAustraliaEuropeGermanyFranceUKItalyRussiaSpainMiddle East & AfricaEgyptSouth AfricaIsraelTurkeyGCC CountriesThe report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.
The key manufacturers covered in this report: Breakdown data in in Chapter 3.MilliporeSigmaThermo Fisher ScientificAvantor Performance MaterialsVWR InternationalKanto ChemicalTCITianjin Concord TechnologyITW ReagentsChengDu Chron ChemicalsFUJIFILM Wako Pure ChemicalSinopharm Chemical ReagentTediaSpectrum ChemicalColumbus Chemical IndustriesThomas Baker (Chemicals) PvtSpectrochemResearch objectives:To understand the structure of Chromatography Reagents market by identifying its various subsegments.Focuses on the key global Chromatography Reagents manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Chromatography Reagents with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the consumption of Chromatography Reagents submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.To study and analyze the global Chromatography Reagents consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.Get the Complete Report & TOC @ https://www.grandresearchstore.com/chemicals-and-materials/global-chromatography-reagents-2019-2024-589Table of content1 Scope of the Report1.1 Market Introduction1.2 Research Objectives1.3 Years Considered1.4 Market Research Methodology1.5 Economic Indicators1.6 Currency Considered2 Executive Summary2.1 World Market Overview2.1.1 Global Chromatography Reagents Consumption 2014–20242.1.2 Chromatography Reagents Consumption CAGR by Region2.2 Chromatography Reagents Segment by Type2.2.1 Ion Pair Reagents2.2.2 Derivatization Reagents2.2.3 Chromatography Solvents2.2.4 Other2.3 Chromatography Reagents Consumption by Type2.3.1 Global Chromatography Reagents Consumption Market Share by Type (2014–2019)2.3.2 Global Chromatography Reagents Revenue and Market Share by Type (2014–2019)2.3.3 Global Chromatography Reagents Sale Price by Type (2014–2019)2.4 Chromatography Reagents Segment by Application2.4.1 Pharmaceutical2.4.2 Life SciencesCONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
