Chromatography Resin Industry

The global chromatography resin market size was estimated at USD 2.47 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2030. The growth in this market is attributable to growing demand for chromatography techniques from pharmaceutical, chemical, food & beverage, and other industries. High investments in R&D in the industry have propelled the development of several products, which have resulted in improved productivity compared to conventional products. Chromatography resin is among one of the examples of evolving industry dynamics. It has gained a considerable market share in recent years across several end-use industries owing to its high accuracy and ease of use.

The U.S. is expected to remain a major consumer in the industry as most of the pharmaceutical companies are based in the U.S. This region has seen a strong growth due to focused government spending on research and development. The rise in disposable income has also directly translated into increased spending on essential and preventive healthcare services, thereby boosting product consumption.

Gather more insights about the market drivers, restrains and growth of the Global Chromatography Resin market

Chromatography Resin Market Segments:

Market Characteristics & Concentration

The global chromatography resin industry is oligopolistic in nature. The top players hold more than 60% share while regional players have a stronghold over the remaining share. The pricing and various other strategic initiatives of the market depend on the top market players. To sum up, since there are only a few firms in the market, they may have significant market power, which means they can control the prices of goods and services. This can limit competition, as smaller firms may not be able to enter the market and compete effectively.

Type Insights

Based on type, the natural segment dominated the market with a revenue share of 51.1% in 2023. This high share is attributable to an increased consumption of naturally derived product, wide utilization in size chromatography, and paper chromatography in several industrial end-uses.

Chromatography resin types includes natural, synthetic, and inorganic. Natural resin consumption in North America is largely dominated by the U.S. considering the presence of several global pharmaceutical giants. Expanding pharmaceutical and biomedical sectors because of the rise in healthcare expenditure and increasing demand from F&B sector are key drivers for the market in North America. In addition, government allocation of funds in R&D of more productive product is anticipated to further drive natural product demand in various end-uses and end uses in North America.

Technique Insights

In terms of technique, the ion exchange technique segment dominated the market with a revenue share of 43.0% in 2023. This high share is attributable to increasing emphasis on drug discovery processes by major pharmaceutical companies and CROs (contract research organization). Furthermore, the ion exchange technique is one of the most creative and active fields in the food and beverages industry, which also plays a vital role in the growth of the food industry.

End-use Insights

The pharmaceutical & biotechnology segment dominated the market with a revenue share of 83.1% in 2023. Its high share is attributable to high consumption of resins in pharmaceutical processes to produce extremely pure materials in large quantities and to examine the purified compounds for contamination.

Regional Insights

North America region dominated the market with a revenue share of 33.1% in 2023. This high share is attributed to the growing demand for drug discovery to control diseases globally such as Ebola, Zika, and others. Growing interest in the use of monoclonal antibodies in therapeutic areas is also expected to fuel the North America chromatography resin market growth.

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Key Companies & Market Share Insights

Key companies are adopting several organic and inorganic growth strategies, such as capacity expansion, mergers & acquisitions, and joint ventures, to maintain and expand their market share.

1. In April 2023, Mitsubishi Chemical starts implementation of commercial polycarbonate (PC) resin recycling. By 2030, Mitsubishi Chemical will have an annual processing capacity of 10,000 tons of PC resin recycling material to commercialize the chemical recycling of PC resin.

2. In June 2022, Bio-Rad Laboratories, Inc. launched CHT prepacked Foresight Pro Columns, designed to support downstream process-scale chromatography applications across different stages of biological drug development and production.

Key Chromatography Resin Companies:

1. Merck KGaA

2. Bio - Rad Laboratories, Inc.

3. WIPRO GE HEALTHCARE PVT LTD

4. Purolite

5. GRACE

6. Mitsubishi Chemical Holdings Corporation.

7. Danaher

Segments Covered in the Report

Grand View Research has segmented the global chromatography resin market report based on type, technique, end-use, and region:

Chromatography Resin Type Outlook (Revenue, USD Million; Volume, Thousand Liters, 2018 - 2030)

1. Natural

2. Synthetic

3. Inorganic

Chromatography Resin Technique Outlook (Revenue, USD Million; Volume, Thousand Liters, 2018 - 2030)

1. Ion Exchange

2. Affinity

3. Hydrophobic Interaction

4. Size Exclusion

5. Mixed Mode

6. Others

Chromatography Resin End?use Outlook (Revenue, USD Million; Volume, Thousand Liters, 2018 - 2030)

1. Pharmaceutical & Biotechnique

2. Food & Beverage

3. Water & Environmental Analysis

4. Other End-Uses

Chromatography Resin Regional Outlook (Revenue, USD Million; Volume, Thousand Liters, 2018 - 2030)

1. North America

   1. US

   2. Canada

   3. Mexico

2. Europe

   1. Germany

   2. UK

   3. France

   4. Italy

   5. Spain

   6. Austria

   7. Switzerland

3. Asia Pacific

   1. China

   2. India

   3. Japan

   4. South Korea

   5. Australia

   6. New Zealand

4. Central & South America

   1. Brazil

   2. Argentina

5. Middle East & Africa

   1. South Africa

   2. Saudi Arabia

   3. UAE

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