Chromatography Resin Market worth $3.3 billion by 2025 | Key players operating in the market include Bio-Rad Laboratories, GE Healthcare, Merch KGaA, Cytiva, 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 2025", The chromatography resin market is projected to reach USD 3.3 billion by 2025, at a CAGR of 8.2% from USD 2.2 billion in 2020.

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Chromatography resin is a matrix made of natural and synthetic polymers (dextran, cellulose, and agarose) or inorganic materials (silica and polyacrylamide). This matrix separates or purifies complex mixtures by a set of techniques. The base resin is attached to ligands based on different applications, such as pharmaceutical & biotechnology, food & beverage, and water & environmental analysis.

Natural polymer is the largest type segment of the chromatography resin market. North America was the largest market for chromatography resin in 2019, in terms of both volume and value. Factors such as increasing demand for therapeutic antibodies, public-private investment in pharmaceutical & life science research, and rising concern for food safety will drive the chromatography resin market.

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The chromatography resin market size is estimated to be USD 2.2 billion in 2020 and is expected to reach USD 3.3 billion by 2025, at a CAGR of 8.2% during the forecast period. Factors such as increasing demand for therapeutic antibodies, public-private investment in pharmaceutical & life science research, and rising concern for food safety will drive the chromatography resin market. The major restraint for the market will be lack of adequate skilled professionals and presence of alternative technologies to chromatography. However, rise in CROs and CMOs in the pharmaceutical industry, increasing demand for biosimilar, and growing demand for disposable pre-packed columns will act as an opportunity for the market.

The key market players profiled in the report include Bio-Rad Laboratories (US), GE Healthcare (US), Merch KGaA (Germany), Thermo Fisher Scientific Inc. (US), Cytiva (US), Tosoh Corporation (Japan), Sartorius Stedim Biotech S.A. (France), Bio-Works Technologies AB (Sweden), Avantor Performance Materials, Inc. (US), Mitsubishi Chemical Corporation (Japan), Purolite Corporation (US), and Repligen Corporation (US).

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Bio-Rad Laboratories, Inc. is one of the major players in the chromatography resin market. In order to strengthen their product portfolio, the company is focusing launching the new products meeting client’s requirements. For instance, in April 2020, the company announced the commercial launch of its SARS-CoV-2 Total Ab test, a blood-based immunoassay kit to help determine if an individual has developed antibodies to SARS-CoV-2, the virus associated with COVID-19 disease. The test detects IgG, IgM, and IgA antibodies. This approach appears to be more sensitive than assays against a single immunoglobulin. Similarly, in October 2020, Repligen Corporation and Navigo Proteins GmbH announced their successful development of an affinity ligand targeting the spike protein to be utilized in the purification of COVID-19 vaccines.

The companies also adopted acquisition as a strategy to increase their share and market presence. For instance, in November 2020, Sartorius Stedim Biotech had successfully closed the acquisition of the Slovenian purification specialist BIA Separations. Similarly, In April 2020, Sartorius Stedim Biotech successfully closed the acquisition of selected life science businesses of Danaher Corporation as part of a broader transaction between Danaher and Sartorius Group.

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