Chromatography resins market poised for significant growth with wide range of applications
The chromatography resins market is estimated to be valued at USD 2.64 Bn in 2024 and is expected to reach USD 4.15 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
Key Takeaways
Key players operating in the chromatography resins market are W.R. Grace and Company, Osaka Soda Co. Limited, Alfa Aesar, Merck KGaA, AGC Group, SiliCycle Inc., Sorbead India, Sepax Technologies Inc., Bio - Rad Laboratories, Inc., Wipro GE Healthcare Pvt Ltd, Purolite, GRACE, Mitsubishi Chemical Holdings Corporation., and Danaher. Key players are focusing on new product launches and expansion strategies to gain more market share.
The key opportunities in the Chromatography Resins Market Demand include increasing demand for biopharmaceuticals and emphasis on process optimization in industries. Global expansion of key players into emerging markets of Asia Pacific and Latin America will further drive the market growth.
Growing Investments in R&D activities related to chromatography is anticipated to boost the demand. However, availability of other alternative separation techniques may restrain the market growth to some extent over the forecast period.
Market Drivers
- Wide range of applications across industries such as biopharmaceuticals, food and beverage, academicsetc. This is a key driver as chromatography technique plays a vital role in purification and separation processes across industries.
Market Restrains
- Presence of alternative separation techniques: Other separation techniques such as electrophoresis, liquid-liquid extraction, precipitation etc. could restrain the demand of chromatography resins if adopted widely across industries. This may limit the market potential to some extent over the forecast period.
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