Jan 31, 2020 (Industry News Global via COMTEX) -- Chromatography Resin Marketis likely to witness an impressive CAGR of 9.2% during the forecast period. The increasing demand for chromatography resins in the pharmaceutical & biotechnology, food & beverage, and water & environmental analysis is driving the market globally.
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Chromatography Resin Market Segment Insights:
By Technique Type:
Based on the technique type, the market is segmented as ion exchange chromatography, affinity chromatography, hydrophobic interaction chromatography, size exclusion chromatography, multi-modal chromatography, and others. The ion exchange chromatography segment is estimated to register the highest growth in the coming five years. The growth is attributed to its extensive use in the pharmaceutical industry.
By Application Type:
Based on the application type, the market is segmented as pharmaceutical & biotechnology, food & beverage, water & environmental analysis, and others. The pharmaceutical & biotechnology segment is expected to depict the highest growth during the forecast period. The growth is attributed to the increasing use of chromatography to manufacture drugs, such as monoclonal antibodies and other recombinant proteins.
In terms of regions, Asia-Pacific is expected to register the highest growth in the coming five years for chromatography resins. China, India, and South Korea are the growth engines of the region. The market is sustained by the development of generic drugs in the region. North America and Europe are also expected to offer considerable growth opportunities during the forecast period.
Some of the chromatography resin manufacturers are GE Healthcare, Tosoh Corporation, Bio-Rad Laboratories, Inc., Merck KGaA, Pall Corporation, Avantor Performance Materials, Inc., Mitsubishi Chemical Corporation, Purolite Corporation, Repligen Corporation, and Thermo Fisher Scientific Inc.
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