Chromatography Resin Market Share, Growth Prospects and Key Opportunities by 2031 | Says FMI Analyst
ESOMAR-certified consulting firm Future Market Insights report projects the global chromatography resin market to rise at an impressive pace between 2021 and 2031. The growing adoption of affinity chromatography resin technology is expected to increase the demand for chromatography resins across the globe. Alongside this, an increase in demand for monoclonal antibody production will improve sales over the coming years.
According to the FMI’s analysis, the global chromatography resins market is anticipated to reach a valuation of nearly US$ 2215 Mn, registering a steady growth at 6.90% CAGR between 2021 and 2031.
Demand for chromatography resins is rising extensively within biopharmaceutical companies and research institutes. The burgeoning adoption of synthetic chromatography resin for the separation of biosimilars and the development of monoclonal antibodies will spur growth.
To learn more about this report: https://www.futuremarketinsights.com/reports/chromatography-resin-market
Increasing funding by governments and initiatives were undertaken to curb the mortality rate due to non-communicable diseases will spur the adoption of chromatography resins across the globe. Also, increasing expenditure on the research & development of drug delivery among the industry giants will also boost the market demand.
“Increasing research & development activities aimed at the development of economic monoclonal antibody drugs within the biopharmaceutical companies are expected to provide lucrative opportunities for the market players,” says the FMI analyst.
Competitive Landscape
Agilent Technologies, Bio-Rad Laboratories Inc., GE Healthcare, Waters Corporation, Expedeon Ltd., Thermo Fisher Scientific Inc., Pall Corporation, Merck KGaA, PerkinElmer Inc., Kaneka Corporation, Shimadzu Corporation, Knauer GmbH, Tosoch Bioscience, Avantor Performance Materials Inc., Mitsubishi Chemical Corporation, W.R. Grace & Co., JSR Micro Inc., and Life Technology Corporation among others are some key players operating in the chromatography resin market.
As per the FMI’s analysis, the market is dominated by top 5 players in the global chromatography resin market, accounting for over 70% of the market share. Top 5 players include Bio-Rad Laboratories, Inc., GE Healthcare, Tosoh Corporation, Merck KGaA, and Thermo Fisher Scientific Inc.
On February 4th, 2021 Avitide, another leading player, finalized the development of an affinity bioprocess resin, AVIPure-COV2S, for the purification of recombinant COVID-19 vaccines.
Chromatography Resin Market by Category
By Product Type:
· Native
· Synthetic
By Technology Type:
· Affinity Chromatography
· Anion Exchange Chromatography
· Cation Exchange Chromatography
· Size Exclusion
· Hydrophobic Interaction
By End User Type:
· Biopharmaceutical Companies
· Clinical Research Organizations
· Academic Institutes
