The global chromatography resin market size is expected to reach USD 2.8 billion by 2025, expanding at a CAGR of 6.8% over the forecast period, as per a new report by Grand View Research Inc. Rising replacement of conventional separation techniques, such as filtration and distillation, with chromatography is projected to drive the growth.
China, is expected to continue its dominance over the forecast period, as it is the largest consumer of chromatography resin in Asia Pacific. India has witnessed a massive acceleration in economic growth in recent years owing to various financial initiatives and reforms such as Make in India, encouraging domestic manufacturing. This factor is anticipated to bode well for the regional product demand in the forthcoming years.
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Purolite Corp., a leading player in the chromatography resin market, is focusing on developing new and enhanced resins, which can further be used for continuous production. With a view to expand its operations in Asia Pacific and to leverage the cost of operating in an emerging economy, the company has set up a manufacturing facility in China and is focusing on establishing its dominance in the country.
There have been developments in chromatography tools, in terms of capacity and flow velocity that have led to higher productivity. However, the market players have not been able to achieve a continuous robust production. These tools are anticipated to undergo further development and to achieve even higher productivity.
Further key findings from the study suggest:
- North America is expected to remain a key region likely to drive the growth of chromatography resin market. U.S. has been enjoying robust growth due to the strong government spending in the research and development activities
- The economic performance of Asia Pacific is projected to witness improvement as major economies, such as China and India are likely to ramp up investments in chemical and pharmaceutical sectors
- Demand for natural resin is growing in several industries on account of its low cost and high functionality, and is anticipated to continue its dominance in the forthcoming years, propelling the market growth
- Key market players engage in mergers and acquisitions as one of the major growth strategies. For instance, in March 2016, Thermo Fisher acquired Affymetrix to expand its genetic analysis, bioscience, and diagnostic equipment product portfolio
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Grand View Research has segmented the global chromatography resin market on the basis of type, technique, end use, and regions:
Chromatography Resin Type Outlook (Volume, Thousand Liters; Revenue, USD Million, 2014 – 2025)
- Natural Polymer
- Synthetic Polymer
- Inorganic Media
Chromatography Resin Technique Outlook (Volume, Thousand Liters; Revenue, USD Million, 2014 – 2025)
- Size Exclusion
- Ion Exchange
- Hydrophobic Interaction
Chromatography Resin End Use Outlook (Volume, Thousand Liters; Revenue, USD Million, 2014 – 2025)
- Pharmaceutical & Biotechnology
- Food & Beverages
Chromatography Resin Regional Outlook (Volume, Thousand Liters; Revenue, USD Million, 2014 – 2025)
- North America
- Asia Pacific
- South Korea
- Central & South America
- Middle East & Africa
Browse Related Report:
Caprolactam Market: www.grandviewresearch.com/industry-analysis/caprolactam-market
Mixed Mode Chromatography Resin Market: www.grandviewresearch.com/industry-analysis/mixed-mode-chromatography-resin-market
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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