Chromatographic Separation Resins Market

Global Market Study on Chromatographic Separation Resins: Affinity Chromatography to Remain Leading Technology in This Space

  • September-2021
  • PMRREP32828
  • 245 Pages
  • Healthcare
  • PPT, PDF, WORD, EXCEL

Market Snapshot

Global demand for chromatographic separation resin drugs is set to experience significant growth at 8.5% CAGR from 2021 to 2031, up from a market value of around US$ 1.1 Bn as of 2021. As per Persistence Market Research’s projections, affinity chromatography, by technology, holds a substantial share of 35.9% in the global market.

Find Out More about the Report Coverage

Companies

  • Bio-Rad Laboratories, Inc.
  • Agilent Technologies
  • Thermo Fisher Scientific Inc.
  • Merck KGaA
  • Tosoh Corporation
  • GE Healthcare
  • Danaher Corporation (Pall Corporation)
  • Kaneka Corporation
  • Repligen Corporation
  • SYGNIS AG (Expedeon)

Key Insights Covered in Chromatographic Separation Resins Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Market Share Analysis By Key Players
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Demand for Chromatographic Separation Resins and How to Navigate
  • Recommendation on Key Winning Strategies

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Sales Analysis of Chromatographic Separation Resins from 2016 to 2020 Vs Market Outlook for 2021 to 2031

The global chromatographic separation resins market expanded at 7.9% CAGR over the past 5 years.

The process of chromatography is versatile and presents ease of use through an organized framework in terms of technique, justifying the adoption of the process worldwide. Chromatographic separation resins have application in the pharmaceutical industry in processes involving the separation of various chemical compounds in terms of their molecular masses, size, boiling point, polarity, and ionic mobility.

Chromatographic separation resins are primarily employed in the identification of trace amounts of chemicals or elements in a sample in the pharmaceutical industry.

Effectiveness of downstream processing with use of chromatographic techniques for new drug development has led to high demand for chromatographic separation resins. Demand is further expected to experience a boost through increasing investments in drug development processes across the globe.

The market is expected to expand at a considerable growth rate over the next ten years at a CAGR of around 8.5%.

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What are the Key Opportunities for Chromatographic Separation Resin Manufacturers?

The global chromatographic separation resins industry is expected to witness a large amount of opportunistic focus due to their versatile applications across various industries, primarily, the food industry. The role of chromatographic separation resins in the food industry is accrued to the determination of shelf life of food substances as well as products. This is achieved through food deterioration point analysis.

Growing awareness in terms of biologics, increasing research in drug discovery, and rising cancer research and mAbs have proven to impact demand for chromatographic separation resins. Furthermore, application of chromatographic separation resins for the determination of nutritional value of food samples has also resulted in an advantageous manufacturing process, and is set to have a positive outlook on demand worldwide.

Furthermore, application of chromatographic separation resins for the isolation of bioactive constituents of medicinal plants has proven to be a lucrative field of research, and holds promising prospects in the therapeutic uses of these isolated components in medicine.

As per a study published in the Advanced Pharmaceutical Bulletin, 2017, the application of chromatographic separation resins by ion exchange chromatography for the purification of albumin from placenta established the efficiency of chromatographic separation resins of 97.1% purity, and thus proves as an associative aid in the healthcare research industry.

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What is Restraining Demand for Chromatographic Separation Resins?

Although the application of chromatographic separation resins is beneficial to the biopharmaceutical industry, high cost of these resins proves to be a major restraint to the growth of the business.

Emerging economies and markets with lack of adequate bioprocessing infrastructure engage in the repeated use of chromatographic separation resins with the intention to reduce cost. This is a subsequent factor for low accuracy and reduced efficiency in isolation or the purification process.

Variable regulations and their compliance in different regions have an additional functional role in the restrictive growth of the chromatographic separation resins market.

Country-wise Insights

What Makes the U.S. the Largest Market for Chromatographic Separation Resins?

The U.S. dominates the North American region with a total market share of over 65%, and is projected to continue experiencing high growth throughout the forecast period.

Growth of this market is driven by unique applications of chromatographic separation resins for analysis and development, such as approval of Remdivisir by the FDA for the treatment of SARS-CoV-2 on October 2020.

Extensive approach to R&D regarding drug development has resulted in increased investments in the chromatographic separation resin field, and is bound to support market expansion over the coming years.

Why is Germany Considered a Lucrative Market for Chromatographic Separation Resins in Europe?

Germany dominates the European market for chromatographic separation resins with a share of over 27%. Germany is one of the largest biopharmaceutical manufacturers worldwide.

The country exhibits continuous improvisations in downstream processing for the enhancement of productivity amongst key players due to intense competition. This is driving demand for chromatographic separation resins in Germany.

How is China Emerging as a Prominent Market for Chromatographic Separation Resins?

China holds 12.6% share in the Asia Pacific market, and is projected to expand at a CAGR of over 8.5%.

Increasing focus of key manufacturers for expansion of the bio-pharmaceutical business in the country is one of the key factors driving market growth.

  • Sunresin New Materials Co. Ltd. is a key manufacturer of resins for ion exchange, absorption, and special applications. These products are marketed to the biopharmaceutical industry.
  • Expansion of Vetter, a Germany-based global leader in prefilled drug-delivery systems, in China, has registered to be a fourth office location of the company, and has thus reflected an expansive geographical portfolio.

What is the Outlook for Japan Regarding Chromatographic Separation Resins?

In 2020, Japan dominated the Asia Pacific market with 62.6% share, and is projected to expand at a CAGR of 9.1% from 2021 to 2031.

Manufacturers are focusing on expanding their global presence and specialized expertise with exclusive technological capabilities, which leads to better availability of chromatographic separation resin products in Japan.

Implementation of developmental strategies to expand product portfolios proves to be essential in the retention of high market share.

  • In July 2021, Tosoh launched an AIA series reagent for a novel biomarker TFPI2 for ovarian cancer in Japan. This resulted in active initiatives on research related to small-molecule drug discovery programs.

Category-wise Insights

Which Chromatographic Separation Resin Product is Driving Market Growth?

By product, synthetic products project lucrative growth at a CAGR of 8.6% till the end of the forecast period.

High demand for this product is due to efficiency as well as ability to have customized interactions with compounds for separation or isolation, inducing specificity in chromatographic processes.

Which Technology Is Considered To Be Widely Adopted for Chromatographic Separation Resins?

Affinity chromatography holds a revenue share of 35.9%, but is projected to hold a lesser share over the forecast period at 35.1% by 2031.

Reduced market revenue share is associated with increasing adoption of newer chromatography techniques such as counter current chromatography, which is time-efficient with adjustable elution modes of function.

Which End User Benefits the Most through Employment of Chromatographic Separation Resins?

Based on end user, biopharmaceutical companies lead the market with around 41.6% market share. Growing awareness about applications of chromatographic separation resins and their use in the process of new drug development as well as approval are supporting demand growth from biopharmaceutical companies.

What is the Impact of COVID-19 on the Industry?

The impact of the COVID-19 pandemic has resulted in transformative growth of several industries, whereas, decline in demand for several products and services by various industries was observed. The biotechnology and pharmaceutical industry are expected to show promising growth opportunities though.

The chromatographic separation resins sector witnessed slow and restrictive growth during the COVID-19 pandemic. Although, throughout the forecast period, the market is expected to show an additional rise in terms of growth. This growth is supported by increasing use of chromatographic techniques for new drug development.

Negative impact on sales was because of halted research activities during peak lockdowns. However, research activities went back to normal after most lockdowns were lifted.

Yechnological advancements and rising importance of chromatographic separation resins in laboratories, labs, forensics, and pharmaceutical industries, as well as research & development opportunities will drive demand over the coming years.

What is the Impact of Market Consolidation on This Business Space?

Considering consolation activities, mergers and acquisitions have emerged as one of the key growth strategies by market players. Prominent players are strengthening their product ranges through acquisitions and reaching out to key as well as emerging markets.

Competitive Landscape

Key players are focusing on novel and innovative approaches for the development of chromatographic techniques driven by emerging cases of different diseases and the lack of advanced methods for efficient detection.

The strategy of expansion, new product launches, and approvals by key manufacturers is further strengthening their market presence.

  • In 22 June 2021, Agilent Technologies Inc. announced a sure select human all exon v8,- a new exome design that provides comprehensive content and up-to-date coverage of protein-coding regions. The design is available in three options allowing for content flexibility to meet customers’ needs.

Similarly, recent developments related to companies manufacturing chromatographic separation resin products have been tracked by the team at Persistence Market Research, which are available in the full report.

Chromatographic Separation Resins Industry Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Key Countries Covered

  • US
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Poland
  • Russia
  • China
  • Japan
  • India
  • Australia and New Zealand
  • ASEAN
  • South Africa
  • GCC Countries

Key Market Segments Covered

  • Product
  • Technology
  • End User
  • Region

Key Companies Profiled

  • Bio-Rad Laboratories, Inc.
  • Agilent Technologies
  • Thermo Fisher Scientific Inc.
  • Merck KGaA
  • Tosoh Corporation
  • GE Healthcare
  • Danaher Corporation (Pall Corporation)
  • Kaneka Corporation
  • Repligen Corporation
  • SYGNIS AG (Expedeon)

Pricing

Available upon Request

Key Segments Covered in Chromatographic Separation Resins Industry Research

By Product

  • Natural Chromatographic Separation Resins
  • Synthetic Chromatographic Separation Resins

By Technology

  • Affinity Chromatography
  • Anion Exchange Chromatography
  • Cation Exchange Chromatography
  • Size Exclusion Chromatography
  • Hydrophobic Interaction Chromatography

By End User

  • Biopharmaceutical Companies
  • Clinical Research Organizations
  • Academic Institutes

FAQs Answered in Market Study

  • How much is the chromatographic separation resins market currently worth?

    The global chromatographic separation resins market is worth US$ 1.1 Bn at present, and is set to expand 2.3X over the next ten years.

  • What is the sales forecast for chromatographic separation resins through 2031?

    The market for chromatographic separation resins is expected to reach US$ 2.5 Bn by the end of 2031, with sales revenue expected to register 8.5% CAGR.

  • What was last 5 year’s market CAGR for chromatographic separation resins?

    From 2016-2020, the market expanded at the rate of 7.9%, owing to rise in research & development opportunities with reference to diseases across the world.

  • What are the key trends shaping the chromatographic separation resins industry?

    Increasing demand for monoclonal antibody production, rising technological changes, increasing manufacturing by domestic pharmaceutical companies, steady rise in chromatography applications, and increasing consolidations among key players are key market trends.

  • Who are the top 5 countries driving demand for chromatographic separation resins?

    The U.S., Germany, Canada, Japan, and Italy are expected to drive most demand for chromatographic separation resin products.

  • What is the North America market outlook for chromatographic separation resins?

    North America is one of the key markets for chromatographic separation resins, with the U.S. expected to account 65.4% of this regional market.

  • At what percentage is demand for chromatographic separation resins expected to register growth in Europe?

    Demand for chromatographic separation resins in Europe is expected to register growth at 8.6% CAGR over the next ten years.

  • Which countries are key producers of chromatographic separation resin products?

    The U.S., Germany, and Japan are key producers of chromatographic separation resin products.

  • What are the key market statistics for China and Japan?

    The China market appears to uphold a share of 12.8% in Asia Pacific, and is expected to exhibit lucrative growth over the forecast period at a CAGR of 8.5%. Japan holds a revenue share of 62.6% in the region.

Enquiry before Buying

  • Is the market research conducted by Persistence Market Research?

    Yes, the report filled with chromatographic separation resin market insights has been compiled by expert analysts of Persistence Market Research, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

  • What research methodology is followed by Persistence Market Research?

    Persistence Market Research follows a methodology that encompasses the demand-side assessment and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

  • Who are the respondents for primary research?

    Persistence Market Research speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

  • What are the sources of secondary research?

    Persistence Market Research conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

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