In the latest report by Future Market Insights, the lead research consultant estimates the global chromatography resin market value to reach USD 1.4 billion in 2024.
The upward trajectory will continue securing growth, with projections indicating a market value of USD 2.3 billion by 2034. This equates to a moderate CAGR of 5.4% through the forecast period.
| Attributes | Key Insights |
|---|---|
| Chromatography Resin Market Estimated Size in 2024 | USD 1.4 billion |
| Projected Market Value in 2034 | USD 2.3 billion |
| Value-based CAGR from 2024 to 2034 | 5.4% |
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The scope for chromatography resin rose at a 7.7% CAGR between 2019 and 2023. The global market is achieving heights to grow at a moderate CAGR of 5.4% over the forecast period 2024 to 2034.
Pharmaceutical, biotechnology industries being the major players in chromatography, utilize chromatography resins for purification as well as separation processes in development and manufacture of drugs. The utilization accelerated the market growth during the historical period.
Chromatography techniques are essential in ensuring food and beverage safety and quality, which had stimulated the demand for chromatography resins in this sector. Chromatography resins are themselves a result of rapid advancement in the technology and this is one of the reasons that propelled the market growth.
The pharmaceutical and biotechnology industries will forecast remarkable growth in the near future, attributed to aging populations, increase in incidences of chronic diseases as well as advances in technology.
The development of novel therapies, including gene therapies, cell based therapies, and personalized medicine, will drive the demand for chromatography resins tailored for the purification and analysis of complex biomolecules. Integration of chromatography with other analytical techniques, such as mass spectrometry and spectroscopy, will continue to expand, fueling demand for compatible chromatography resins and systems.
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The below table showcases revenues in terms of the top 5 leading countries, spearheaded by India and Thailand. The countries will lead the market through 2034.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 2.1% |
| The United Kingdom | 3.6% |
| Germany | 3.9% |
| Thailand | 5.8% |
| India | 7.6% |
The chromatography resin market in the United States will expand at a CAGR of 2.1% through 2034. The country is a hub for technological advancements and innovation in chromatography techniques, resin manufacturing, and chromatography system development.
Ongoing research and development efforts focus on improving resin performance, enhancing chromatography system efficiency, as well as developing novel chromatography applications, augmenting the market growth.
The country is home to a robust biopharmaceutical industry, with numerous biotechnology companies, pharmaceutical manufacturers, and research institutions. The increasing investment in biopharmaceutical research and development, coupled with the increasing demand for biologics and biosimilars, is stimulating the demand for chromatography resins.
The chromatography resin market in the United Kingdom to expand at a CAGR of 3.6% through 2034. The pharmaceutical and biotechnology industries in the country are subject to stringent regulatory standards enforced by agencies.
Chromatography techniques and resins are essential for meeting regulatory requirements for drug quality, safety, and efficacy, thus propelling the market growth. The United Kingdom has a well-established pharmaceutical and biotechnology industry, with numerous research institutions, pharmaceutical companies, and biotech start-ups.
The increasing investment in drug discovery, development, and manufacturing activities is increasing the demand for chromatography resins used in purification, separation, and analysis of pharmaceutical compounds and biomolecules.
Chromatography resin trends in Germany are taking a turn for the better. A 3.9% CAGR is forecast for the country from 2024 to 2034. There is a growing demand for personalized medicine and targeted therapies in Germany, driven by advancements in genomics, proteomics, and precision medicine.
Chromatography resins enable the purification and separation of biomolecules for personalized medicine applications, contributing to market growth. The strategic location of Germany in Europe positions it as a key hub for pharmaceutical and biotechnology companies, research institutions, and academic centers.
The central location of the country facilitates easy access to European markets and fosters collaborations, trade partnerships, and investments, fueling the demand for chromatography resins.
The chromatography resin market in Thailand is poised to expand at a CAGR of 5.8% through 2034. Food and beverage industry in Thailand is experiencing growth due to changing consumer preferences, urbanization, and tourism.
Chromatography techniques and resins are used for quality control testing, flavor analysis, and contaminant detection in the food and beverage industry, propelling market growth. Academic and research institutions in Thailand are actively engaged in scientific research and development across various disciplines, including chemistry, biochemistry, and biotechnology.
Chromatography techniques and resins are widely used in research laboratories for analytical testing, protein purification, and sample preparation, contributing to market prospects.
The chromatography resin market in India will expand at a CAGR of 7.6% through 2034. India has a rich tradition of herbal medicine and Ayurveda, and there is a growing demand for nutraceuticals and herbal supplements globally.
Chromatography techniques are used for quality control and standardization of herbal products, accelerating the demand for chromatography resins in the nutraceutical and herbal medicine industry.
India has stringent environmental regulations governing air, water, and soil quality to protect public health and the environment. Chromatography techniques, such as gas chromatography and liquid chromatography, are essential for environmental testing and pollutant analysis, stimulating the demand for chromatography resins.
The below table highlights how synthetic segment is leading the market in terms of product type, and will account for a share of 73.3% in 2024.
Based on technology type, the affinity chromatography segment is gaining heights and will to account for a share of 36.3% in 2024.
| Category | Shares in 2024 |
|---|---|
| Synthetic | 73.3% |
| Affinity Chromatography | 36.3% |
Based on product type, the synthetic segment will dominate the chromatography resin market. Synthetic chromatography resins offer greater control over material properties, enabling manufacturers to tailor resins with specific pore sizes, surface chemistries, and particle sizes to meet diverse application requirements.
The customizability ensures consistent performance and reproducibility, driving their adoption in various chromatography processes. Synthetic chromatography resins find applications across a broad spectrum of industries, including pharmaceuticals, biotechnology, food and beverages, environmental testing, and research laboratories.
Their versatility allows for purification, separation, and analysis of various biomolecules, proteins, nucleic acids, and small molecules, driving their demand in diverse applications.
In terms of technology, the affinity chromatography segment will dominate the chromatography resin market. Affinity chromatography finds widespread applications in various fields, including pharmaceuticals, biotechnology, healthcare, and research.
It is used for protein purification, antibody isolation, enzyme purification, drug-target interactions, and biomolecular interactions studies, fueling demand for affinity chromatography resins across diverse industries.
Affinity chromatography offers high specificity in capturing target molecules based on reversible interactions between the target molecule and a ligand immobilized on the chromatography resin. The specificity enables efficient purification of biomolecules, such as proteins, antibodies, enzymes, and nucleic acids, from complex biological mixtures.
The chromatography resin market is characterized by intense competition among key players striving to maintain or enhance their market share through strategic initiatives, product innovation, and differentiation strategies.
Company Portfolio
| Attribute | Details |
|---|---|
| Estimated Market Size in 2024 | USD 1.4 billion |
| Projected Market Valuation in 2034 | USD 2.3 billion |
| Value-based CAGR 2024 to 2034 | 5.4% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in USD Billion |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Key Market Segments Covered | Product Type, Technology Type, End User Type, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, France, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | Agilent Technologies; Bio-Rad Laboratories; GE Healthcare; Waters Corporation; Expedeon Ltd; Thermo Fisher Scientific Inc.; Pall Corporation; Merck KGaA; Perkin Elmer Inc.; Kaneka Corporation; Shimadzu Corporation; Knauer GmbH; Tosoh Bioscience; Avantor Performance Materials Inc.; Mitsubishi Chemical Corporation; W.R. Grace & Co.; JSR Micro Inc.; Life Technology Corporation |
The chromatography resin market is projected to reach a valuation of USD 1.4 billion in 2024.
The chromatography resin industry is set to expand by a CAGR of 5.4% through 2034.
The chromatography resin market is forecast to reach USD 2.3 billion by 2034.
India is set to be the top performing market, exhibiting a CAGR of 7.6% through 2034.
Synthetic segment is preferred, and will hold the major share of 73.3% through 2024.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 5.1. Native 5.2. Synthetic 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology Type 6.1. Affinity Chromatography 6.2. Anion Exchange Chromatography 6.3. Cation Exchange Chromatography 6.4. Size Exclusion 6.5. Hydrophobic Interaction 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User Type 7.1. Biopharmaceutical Companies 7.2. Clinical Research Organizations 7.3. Academic Institutes 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (USD Million) & Volume (Tons) Trend Analysis 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Agilent Technologies 18.2. Bio-Rad Laboratories 18.3. GE Healthcare 18.4. Waters Corporation 18.5. Expedeon Ltd 18.6. Thermo Fisher Scientific Inc. 18.7. Pall Corporation 18.8. Merck KGaA 18.9. Perkin Elmer Inc. 18.10. Kaneka Corporation 18.11. Shimadzu Corporation 19. Assumptions & Acronyms Used 20. Research Methodology
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Chromatography Resin Market
