Press release
Chromatography Resins Market: Robust Expansion with Key Market Insights
Subheading: Global Chromatography Resins Market Poised for Strong Growth, Driven by Increased Biopharmaceutical Production and Emerging Green Chemistry Initiatives.
What Is The Projected Market Size Of The Global Chromatography Resins Market And Its Growth Rate?
The global chromatography resins market exhibits robust growth with significant CAGR:
• Market size in 2024: $2.95 billion
• Projected market size in 2025: $3.21 billion with 8.8% CAGR
• Expected market size in 2029: $4.86 billion with a notable 10.9% CAGR
The growth is largely driven by increased biopharmaceutical production, pharmaceutical industry growth, and advanced chromatography techniques among other factors.
What Is Driving The Growth In The Chromatography Resins Market?
The chromotography resins market growth is fueled by the rising prevalence of cancer cases globally. Chromatography resins are key materials used to capture and polish monoclonal antibodies - targeted cancer therapies, and their demand is expected to increase with the expanding cancer patients. For example, according to the American Cancer Society, the US witnessed approximately 1.9 million new cancer diagnoses and 609,360 cancer-related deaths in January 2022. As such, the four major types of cancer - lung, prostate, colorectal, and breast cancer in women, comprise 43% of all new cancer diagnoses globally. This rising prevalence of cancer is generating greater demand for cancer therapies, driving the market for chromatography resins.
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Who Are the Key Players Driving Chromatography Resins Market Growth?
Key players in the chromatography resins market include:
• Merck KGaA
• Bio-Rad Laboratories Inc.
• GE Healthcare Life Sciences
• Thermo Fisher Scientific Inc.
• Purolite Corporation
• W. R. Grace and Company
• Mitsubishi Chemical Corporation
• Tosoh Corporation
• Danaher Corporation
• Repligen Corporation
• Pall Corporation
• Cytiva
• Bio-Works Technologies AB
• Agilent Technologies Inc.
• Avantor Inc.
• Waters Corporation
• Nouryon Holding B.V.
• ChromaTan Corporation
• BIA Separations GmbH
• KANEKA Corporation
• Sepax Technologies Inc.
• YMC Co Ltd.
• Phenomenex Inc.
What Are The Key Trends In The Chromatography Resins Market?
Key trends driving the chromatography resins market include:
• Introduction of separation technologies
• Technological advancements
• Customized resin solutions
• Industrial and biotechnology innovations
• Advanced chromatography techniques
What Are The Segments Of The Global Chromatography Resins Market?
The global chromatography resins market is categorized into:
• By Product Type: Native, Synthetic
• By Technology Type: Affinity Chromatography, Anion Exchange Chromatography, Cation Exchange Chromatography, Size Exclusion, Hydrophobic Interaction
• By Application: Pharmaceutical And Biotechnology, Food And Beverage, Water And Environmental Analysis, Other Applications
Which Region Leads The Chromatography Resins Market?
North America dominated the chromatography resins market in 2024. However, Asia-Pacific is expected to be the fastest-growing region, with coverage spanning Western Europe, Eastern Europe, South America, Middle East and Africa.
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What Is Covered In The Chromatography Resins Market Global Market Report?
- Market Size Analysis: Analyze the Chromatography Resins Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Chromatography Resins Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Chromatography Resins Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Chromatography Resins Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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