The global chromatography resin market is projected to witness a CAGR of 6.6% over the forecast period. The market is likely to expand from USD 1,710.6 million in 2017 to USD 2,750.5 million by 2024. The aforementioned growth can be majorly attributed to the augmenting demand across a wide range of industries, primarily from pharmaceutical, biotechnology and food & beverage sectors. Significant growth has been witnessed in the drug discovery process by key pharmaceutical companies so as to treat various harmful diseases, which has promoted market growth in the past.
Furthermore, high end research in chromatography resins for several applications is likely to pave novel opportunities for market growth. Extensive research and development has led to the evolution of protein A chromatography resins for the purification of therapeutic antibodies. These can be widely used to treat chronic diseases such as rheumatoid arthritis as well as cancer.
Ion exchange resin segment accounted for the major share of the market owing to its widespread use
A number of techniques that may be used for separating proteins include ion exchange, affinity resins, size exclusion, hydrophobic interaction, mixed mode and many more. The most popular technique is the ion exchange chromatography wherein proteins are separated in a sample based on charge. The segment held the largest share of the market due to its high use in biopharmaceutical purification processes. Also, ion exchange technique is used in combination with other techniques in cases where protein A resin is not a commercially preferred option.
Chromatography Resin Market – Regional Insights
North America emerged as the leading region owing to the presence of key market players as well as food safety authorities such as U.S Food & Drug Administration (FDA). However, Asia Pacific is projected to emerge as the fastest growing region on account of growing food safety as well as health concerns among the population. Also, increasing health care expenditure by the government in China and India in order to boost their pharmaceutical sector has triggered market growth over the forecast period.
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