Chromatography Reagent Market Forecast 2018-2023 |Key Players - BIO-RAD LABORATORIES, GE HEALTHCARE, SIGMA-ALDRICH CORPORATION, THERMO FISHER SCIENTIFIC, AVANTOR PERFORMANCE MATERIALS

Chromatography Reagent Market Highlights:
The global chromatography reagent market has been estimated at USD 4.8 billion in 2016 and is projected to reach USD 7.82 billion by 2023. Chromatography is a separation technique that is used to separate solutes, by using chromatographic reagents. This technique is used in biochemical processes for the separation of chemical compounds and the development of pure drug components. In the petroleum sector, this technique is used to analyze complex mixtures of hydrocarbons. They are also used in food & beverage industry, cosmetics, and environmental testing, and as a diagnostic tool in academic research and forensics.

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Growing Food Safety Concerns
The chromatography reagents market is driven by the growing food safety concerns and increased use of this technique in the pharmaceutical sector by biotech companies for various medicine manufacturing and modifications. Governments have increased their support by funding the manufacturing and development of novel drugs. Food and beverages are subjected to additives in order to preserve flavor or enhance their taste, texture, and appearance. With the advent of processed foods, many natural and artificial additives are being used. Additives can maintain product quality and freshness (to stop deterioration, spoilage, and rancidity), improve or maintain the nutritional quality, and make food more appealing (look good and taste good). Chromatography is used in this process and reagents help in aiding the processing and preparation of foods. For this reason, the use of chromatography reagents is increasing on a daily basis. Advancements in technology are likely to result in opportunities for the market.

Major Players:
BIO-RAD LABORATORIES INC., GE HEALTHCARE, SIGMA-ALDRICH CORPORATION, THERMO FISHER SCIENTIFIC, INC., AVANTOR PERFORMANCE MATERIALS, INC., amongst others.

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Market Segmentation
Chromatography reagents are segmented by type into - buffers, solvents, ion pair reagents, silylation reagents, alkylation and esterification reagents, acylation reagents, and solid support. They are also categorized by the bed shape, be it column, planar or thin layer. Regarding the physical state of mobile phase, chromatography reagents are classified as gas chromatography reagents, liquid chromatography reagents, high-pressure liquid chromatography (HPLC) reagents, ultra-high-pressure liquid chromatography (UHPLC) reagents, low-pressure liquid chromatography (LPLC) reagents, and super-critical fluid chromatography (SFC) reagents. Based on the separation mechanism, they are segmented as partition, adsorption, ion exchange, affinity, and size exclusion. Depending on the application, they are used in different sectors, like pharmaceutical & biotechnology, food & beverage, clinics & hospitals, cosmetic companies, environmental agencies, and academic & research institutes.
The market has been geographically segmented into North America, Asia-Pacific, Europe, South America, and Rest of the World. North America accounts for the largest share of the chromatography reagents market due to extensive research on drugs and biologic is this region. It is followed by Europe and Asia-Pacific. The Asia-Pacific market is likely to grow in the next five years, especially in Japan, China, and India, due to an increase in drug manufacturing facilities and growing economies in the region. In Europe, Germany, France, and the United Kingdom have a major hold in this market.

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This release was published on openPR.