The protein purification resin market sits at an evaluation of USD 5.7 billion in 2022 and is projected to reach a market share of USD 13.8 billion in 2032. The market is said to expand at a staggering CAGR of 9.3% during the forecast period from 2022 to 2032.
The key market driving factor of the global protein purification resin market is the increasing accessibility of non-governmental and governmental funds coupled with increased expenditure on research and development activities across the world.
| Attributes | Details |
|---|---|
| Protein Purification Resin Market CAGR (2022 to 2032) | 9.3% |
| Protein Purification Resin Market Size (2022) | USD 5.7 Billion |
| Protein Purification Resin Market Size (2032) | USD 13.8 Billion |
Since several government organizations are spending on numerous research and development activities, the demand for protein purification resin is primarily used to meet this requirement. Protein purification resin is generally used in pharmaceutical and academic research facilities and laboratories for several protein purification technologies like high-performance liquid chromatography, affinity chromatography, and fast protein liquid chromatography.
Protein purification resin is used for the efficient, convenient, and consistent splitting of antibodies and proteins from the crude samples during the downstream processing. Protein purification resins are agarose-based, silica-based, Sepharose-based, etc. Protein research involves techniques such as separation, concentration, and stabilization, and they eradicate contaminants such as viruses, endotoxins, and nucleic acid. The techniques consist of verifying and maintaining a purification table to trace the development of the enzyme. They are generally used to categorize a protein’s function, interactions, and structure.
The sales of protein purification resin are on the rise owing to more expenditure on research and development activities, and an increase in the prevalence of governmental and non-governmental funds is promoting the growth of the global protein purification resin market. The COVID-19 pandemic resulted in an interruption in the protein purification procedure, and this negatively impacted the global market. However, presently the additional funds aimed toward research and development are a breather for the market and helping it recover the loss incurred during the pandemic.
The demand for protein purification resin is primarily for the use of this technique in downstream processing in academic institutes, research and development, and the pharmaceutical industry.
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Governments across the world are actively investing in research and development and setting out initiatives that boost the development and growth of the biotechnology and pharmaceutical markets. The supportive governments are also providing several benefits through grants, tax incentives, and investment-friendly regulations, amongst others.
The demand for the protein purification resin market is higher in the pharmaceutical industry owing to considerable investments in the development of the biomarker-specific molecule. The protein purification resin market is growing owing to lucrative funding from both private and public research organizations for protein research and increasing research in the structural-based drug design field.
Technological advancements such as automated purification instruments and single-use technologies are also fuelling the growth of the protein purification resin market. Also, the increasing trend of Contract Research Organizations (CRO) is creating an upsurge in demand for protein purification resin.
The increasing prevalence of disease and several other health issues has resulted in additional consumption of pharmaceutical products, and this is said to promote the growth of this market during the forecast years.
In the pharmaceutical industry, the most crucial factor is the purity of the protein. The protein purification resin is utilized in the pharmaceutical industry in medium- and small-scale downstream processing. In developing regions, the rate of expansion of the pharmaceutical industry is higher, and this is creating opportunities and will support the global protein purification resin market.
Several protein purification resin manufacturers across the world are constantly inventing and launching novel products which are suitable for varied parameters such as low-pressure to medium-pressure liquid chromatography. The easy accessibility of innovative and novel protein purification resin products is escalating the demand and sales of the products in the global market.
The global protein purification resin market can be divided into seven distinctive regions. In developed nations, rapid industrialization and innovation will continue to drive the sales of protein purification resin expansion.
North America is responsible for the biggest market share of the global protein purification resin market followed by Europe. These regions possess strong research and development field and the support from the pharmaceutical industry are backing the increased consumption of protein purification resin in the global market by the countries of these regions.
Also, in North America, the funding for life science research is higher, this region also has the presence of key market players and established research infrastructure. These factors will promote the growth of the protein purification resin market in this region.
Asia Pacific is anticipated to garner the highest growth rate in the global protein purification resin market. This is due to larger research and development activities in this region which will boost the consumption of protein purification resin in the global market. Developing countries such as China and India have increased initiatives undertaken by their governments. Also, the governments of these countries are supporting funds for the development of new and inventive purification methods.
A few global protein purification resin market key players are Promega Corporation, Labome, Pall Corporation, IBA GmbH, Takara Bio Inc., Purolite Life Sciences, BioVision Incorporated, Westburg BV, Roche Holding AG, Sterogene Bioseparations, Expedeon Ltd., Thermo-Fisher Scientific, Mayflower Bioscience, Merck KGaA, Molecular Cloning Laboratories.
These players are using numerous strategies, such as mergers & acquisitions, partnerships, collaborations, etc., to strengthen their market position and augment the sales of protein purification resin. For instance, in February 2022, Merck KGaA which is a leader in science and technology, declared the closure of transactions to acquire Exelead, after the regulatory clearances and execution of other mandatory closing conditions for nearly USD 780 million in cash.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 9.3% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, End Use, Distribution Channel |
| Regions Covered | North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
| Key Companies Profiled | Promega Corporation; Labome; Pall Corporation; IBA GmbH; Takara Bio Inc.; Purolite Life Sciences; BioVision Incorporated; Westburg BV; Roche Holding AG; Sterogene Bioseparations; Expedeon Ltd.; Thermo-Fisher Scientific; Mayflower Bioscience; Merck KGaA; Molecular Cloning Laboratories |
| Customization | Available Upon Request |
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The global protein purification resin market is set to advance at a CAGR of 9.3% from 2022 to 2032.
North America followed by Europe is likely to hold a major protein purification resin market share during the forecast period.
The Protein Purification Resin market is expected to reach USD 13.8 billion by 2032.
| Market Size in 2024 | USD 669.3 million |
|---|---|
| Market Value in 2034 | USD 1,399.1 million |
| Value-based CAGR (2024 to 2034) | 7.3% |
| Market Size, 2024 | USD 85,886.80 million |
|---|---|
| Market Size, 2034 | USD 164,376.9 million |
| Value CAGR (2024 to 2034) | 6.70% |
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