Press release
Chromatographic Silica Resins Market is Estimated to Represent 40,037.5 Metric Tons by 2025
The global chromatography silica resins market is highly fragmented, with top 10 players accounting for 35% revenue share. Tier I companies in chromatography silica resins market are W.R. Grace and Company, Osaka Soda Co. Limited, Merck KGaA, AGC Group, and Alfa Aesar.
Demand for chromatography silica resins in the US was estimated at 13,005 metric tons in 2016. This represented a market valuation worth US$ 34.6 Mn. High demand from the pharmaceutical sector will continue to drive demand during the period 2017-2025.
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North America region is expected to emerge as a relatively attractive market in terms of incremental dollar opportunity by the end of forecast period. Asia Pacific is expected to grow at a significant CAGR as compared to other regions. Increasing demand for chromatography from end-use industries as a result of economic growth, especially in emerging markets such as China and India drives the APAC chromatographic silica resin market. In terms of market value, the Europe chromatographic silica resin market is estimated to account for 31.5% share by 2017 end, whereas Latin America will account for 5.7% share.
Europe, the second largest market for chromatography silica resins, is anticipated to witness a 3.7% CAGR growth in terms of volume. 9,444 metric tons of chromatography silica resins were consumed in Europe in 2016. In terms of volume, the market in Europe is anticipated to grow at 3.3% CAGR through 2025.
Asia Pacific will remain the fastest growing market for chromatography silica resins during the period 2017-2025. The Asia Pacific chromatography silica resins market is projected to grow at 4.8% CAGR through 2025.
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