Chromatography Resin Market | Key players operating in the market include GE Healthcare, Merck KGaA, Bio-Rad Laboratories, Thermo Fisher Scientific Inc., Tosoh Corporation

According to recent market research "Chromatography Resin Market by Type (Natural, Synthetic, Inorganic Media), Technique (Ion Exchange, Affinity, Hydrophobic Interaction, Size Exclusion, Multimodal), Application (Pharma & Biotechnology, Food & Beverage), Region - Global Forecast to 2024", The global chromatography resin market size is projected to reach USD 3.0 billion by 2024, at a CAGR of 7.2%, from USD 2.1 billion in 2019.

Browse 113 market data Tables and 49 Figures spread through 171 Pages and in-depth TOC on "Chromatography Resin Market - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/chromatography-resins-market-933.html

The growth of the global chromatography resin market size is primarily triggered by the increasing demand for therapeutic antibodies. The increasing number of mAbs available in the market is expected to increase the demand for the preparative and process chromatography technique, thereby supporting the growth of the chromatography resin industry. The increasing biopharmaceutical R&D activities in the last decade have been driving the demand for chromatography resins in drug discovery applications. The application of chromatography as a separation technique is widely utilized in the food sector. Chromatography techniques are increasingly used in the field of nutrition chemistry and nutraceuticals, which is further expected to drive the demand for chromatography resin.

The natural polymer segment is estimated to lead the chromatography resin industry, in terms of value, in 2019. Rising demand for chromatography resins with reasonable mechanical strength and great degree of cross-linkage is expected to drive the demand for natural polymers in the market. These natural polymers are further processed to achieve a greater degree of cross-linkage, thereby achieving reasonable mechanical strength, which is expected to support the growth of natural polymers. Wide application of natural polymers in the industrial-scale purification of biomolecules results in higher consumption of these resins in comparison to synthetic polymer and is projected to drive their demand in the chromatography resin market.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=933

The chromatography resin market size is projected to reach USD 3.0 billion by 2024 from USD 2.1 billion in 2019, at a CAGR of 7.2% between 2019 and 2024. The growth of the chromatography resin market is primarily triggered by the increasing demand for chromatography by the biopharmaceutical and food industries. The factors hindering the growth of the chromatography resin market are the high cost of affinity resins and the lack of adequate skilled professionals. However, research and innovation in the field of pharmaceutical field will help to overcome these factors. The rise of Contract Manufacturing Organization (CMOs) and Contract Research Organizations (CROs) in the pharmaceutical industry, increasing demand for biosimilars, growing demand for disposable pre-packed columns, and increasing use of LC-MS in analytics & research will provide the market with huge opportunities. The players in the chromatography resin market are mainly concentrating on new product launches, acquisitions, agreements, and expansions to meet the growing demand for chromatography resin from various applications. New product launches help the companies strengthen their product portfolio and meet the specific demands of customers.

The growth of the chromatography resin market has been largely influenced by new product launches, acquisitions, contracts & agreements, and expansions that took place between 2014 and 2018. GE Healthcare (US), Merck KGaA (US), Bio-Rad Laboratories (US), and Thermo Fisher Scientific Inc. (US), Tosoh Corporation (Japan), Mitsubishi Chemical Corporation (Japan), Pall Corporation (US), Purolite Corporation (US), Repligen Corporation (US), and Avantor Performance Materials Inc. (US) adopted acquisitions, expansions, contracts & agreements, and new product launches to enhance their product offerings.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=933

GE Healthcare (US) has the largest share in the chromatography resin market because of its vast sales network in North America, Asia, and Europe. A strong sales network along with strategies, such as new product launches, investments, and agreements, are driving the company's growth in the chromatography resin market. It is one of the frontrunners in the chromatography resin business catering to a diverse range of application segments. Its focus is on expansion through global reach for chromatography resins in the developing APAC region. In order to meet the increasing market demand, the company is expanding its business by focusing mainly on new product developments, agreements, and innovations in technology. For instance, GE Healthcare opened a manufacturing site in the Stevenage Bioscience Catalyst Open Innovation Campus in November 2018. The facility will be focused on producing fiber-based purification products. This will enable the company to widen its chromatography-based product portfolio.

Tosoh Corporation (Japan) is focused on organic growth. As a part of the company's business strategy, it has undertaken several new product launches to provide chromatography resins for different techniques to its customers. Tosoh Corporation is focused on positioning its chromatography business segment to capitalize on the expected high market growth through the development of innovative products and technologies. The company already has a significant presence in APAC, and is now focused on increasing its market share in Europe and North America. For instance, Tosoh Corporation acquired a stake in Semba Biosciences Inc. (US), a life science supply company in January 2019. This will enable the company to expand its chromatography and related businesses. Strategies, such as new product launch and expansion, have enabled the company to meet the growing demand for chromatography resin and strengthen its market position.

Contact:

Mr. Aashish Mehra
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/chromatography-resins.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/chromatography-resins-market.asp

About MarketsandMarkets(TM)

MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forsecasts of niche markets.

This release was published on openPR.