Chromatography Resin Market Analysis, Size, Opportunities, Top Manufacturers, Growth, Trends, Regional Graph, Key Segments, and Forecast to 2028

The Chromatography Resin Market is witnessing significant growth driven by increasing demand in pharmaceutical and biotechnology industries. Key factors include advancements in chromatography techniques, rising R&D activities, and the need for effective purification processes.
The chromatography resin market [https://www.marketsandmarkets.com/Market-Reports/chromatography-resins-market-933.html] size is projected to reach USD 4.1 billion by 2028 from USD 2.8 billion in 2023, at a CAGR of 8.2%. The growth of the chromatography resins market is encouraged by the huge demand from the pharmaceutical and biotechnology industries. Chromatography is a process of separating components of a mixture. The process starts with the mixture being dissolved in a substance called the mobile phase and further being carried through a second substance termed the stationary phase. Increasing demand for biosimilars is driving the market for chromatography resin.

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

Based on type, Natural polymer was the largest segment of the chromatography resin [https://www.marketsandmarkets.com/Market-Reports/chromatography-resins-market-933.html] market, in terms of value, in 2022, while the synthetic resins segment is projected to register the highest CAGR between 2023 and 2028. Base oil is the primary material used for blending lubricants. The high demand for natural polymers is mainly due to their hydrophilic nature, as they have a large number of hydroxyl groups in their structure.

Based on application, the pharmaceutical and biotechnology application held the largest share of the market and is projected to see the fastest rate of value growth between 2023 and 2028. This is a result of the biotechnology industry's increased R&D spending. R&D in therapeutic fields like cancer, HIV/AIDS, and immune disorders, as well as technology advancements, are growing. The growing number of drug discovery and clinical trial projects, the patent expiration of blockbuster drugs and biomolecules, and increasing pharmaceutical and biotechnology companies' focus on expanding their product pipelines are some of the major factors boosting this market's growth in biotechnology research.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=933

In 2022, the chromatography resin market was dominated by North America. The region's demand for chromatography resin is being driven by the active R&D efforts in therapeutic monoclonal antibodies in oncology and other therapeutic fields. During the forecast period, the market with the fastest-growing value is projected to be Asia Pacific. The demand for chromatography resin in this region is being driven by rising concerns about food safety as well as growing investments in pharmaceutical and life science research.

The chromatography resin market is dominated by key players such as Bio-Rad Laboratories Inc. (US), Merck KGaA (Germany), Danaher Corporation (US), Tosoh Corporation (Japan), Bio-Works Technologies AB (Sweden), Avantor Performance Materials, Inc. (US), Mitsubishi Chemical Corporation (Japan), among others. These players have a strong position in the global chromatography resin market as well as a strong distribution network across the globe.

Inquire Now: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=933

About MarketsandMarkets Trademark

MarketsandMarkets Trademark has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets Trademark is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore Trademark (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=chromatography-resin-market-analysis-size-opportunities-top-manufacturers-growth-trends-regional-graph-key-segments-and-forecast-to-2028]
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/chromatography-resins-market-933.html



This release was published on openPR.