Global sales of chromatographic silica resin is estimated to be valued at more than US$ 80 Mn by 2017 end and is expected to increase to more than US$ 110 Mn by 2025, representing incremental opportunity of more than US$ 30 Mn between 2017 and 2025. Global sales revenue of chromatographic silica resin is projected to exhibit a CAGR of 4.1% during the forecast period. In terms of regional markets, North America is estimated to be the major market accounting for over 40% of the total market share, whereas Asia Pacific is projected to be a high growth market over the forecast period.
Growing applications of silica resin chromatography in pharmaceutical and biotechnology industries is driving the worldwide chromatographic silica resin market
The stable growth of pharmaceutical and biotechnology industries is expected to boost the global chromatographic silica resin consumption over the forecast period. As far as the pharmaceutical industry is concerned, silica gel column chromatography is used to segregate and collect different components of a drug. This has application in the purification of antibiotics such as rosarimicin, coloradocin and benzanthrins, among others. Silica resin chromatography is also used in the study of medicines such as hypnotics, sedatives, analgesics, local anesthetics and steroids. Chromatography also finds use in the field of biotechnology where it is used due to its ability to detect molecular components such as nucleic acids, fats, carbohydrates, protein and vitamins. Protein is the most desired component in a number of medicines and supplements and holds a high degree of importance in biopharmaceuticals. Size-exclusion chromatography is widely used for the purification and analysis of synthetic and biological polymers. Chromatographic silica resin is used in thin-layer chromatography for biomedical analysis. There is a growing demand for medicines, especially in developing economies such as China and India, and this is expected to drive the demand for biopharmaceuticals, which in turn will drive the growth of the chromatographic silica resin market during the assessment period.
Advocacy of using chromatography technique in the food industry is boosting demand in the chromatographic silica resin market
There is a growing problem of adulteration of hazardous ingredients and cheap substitutes in food items. However, in order to ensure the good quality and consistency of food products, clinical trials are conducted during the development of new food products as well as during existing batch production of food products. Chromatography is an important method in checking adulteration in food products. In the food industry, chromatography is widely used in a number of applications such as vitamin separation, sugar content analysis, triglyceride determination, determination of nutritional quality of food, spoilage detection, analysis of amino acids, colorants and residues, detection of aflatoxins in food products and many more. Hence, the use of chromatographic silica resin in the food industry is expected to witness a steady growth owing to a pulsating food industry in countries such as India.
Availability of better substitutes is likely to restrict the growth of the global chromatographic silica resin market
Activated alumina is famous for its superiority in separation and purification techniques. Due to the atmospheric properties of alumina, it can be used with neutral, acidic and basic compounds as well. On the other hand, silica gel can only be used in limited end use industries whereas alumina, being a superior ingredient, is used for environmental cleanup and in many other applications such as biohazard, bioterrorism, gas and liquid dehydration applications. Due to its versatile applications at a relatively lower cost, alumina resins are a preferred choice over silica resins. These factors may restrict the growth of the chromatographic silica resin market during the assessment period.
Global Chromatographic Silica Resin Market Attractiveness Analysis, by Region
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.
“Emerging markets in China and India have many diverse applications for chromatographic silica resins
Due to the stable economic growth in emerging economies such as China and India, a good number of opportunities will be created for the chromatographic silica resin market during the assessment period. There is a huge demand for pharmaceutical products in these countries. Moreover, the demand for chromatographic resins like silica gel is also increasing in agriculture, food and beverage and biotechnology industries as well as in academic institutes and R&D labs. In addition, tremendous growth in China and India has resulted in increased government expenditure on healthcare and biomedical industries. In addition, food security concerns in India have prompted the government to invest hugely in agriculture and soil testing. Similarly, strategic expansion of chromatography players in China can be a boon for the chromatographic silica resin market. Also, the presence of bio-clusters in these countries may also propel the chromatographic silica resin market in the near future.”
--- Analyst – Chemicals and Nanomaterials, Persistence Market Research
Persistence Market Research presents a detailed and an all-encompassing report titled ‘Chromatographic Silica Resin Market: Global Industry Analysis and Forecast, 2017 - 2025’, which gives deep insights into the global chromatographic silica resin market. The report starts with an executive summary that gives the definition of the chromatographic silica resin market and explains what the market is all about besides giving its applications across various fields. The executive summary also gives the CAGR for the forecast period 2017 to 2025 and talks about the pertinent market numbers and the important segments in the global chromatographic silica resin market. Along with this, the executive summary contains a brief snapshot of the drivers, restrains and opportunities in the chromatographic silica resin market and gives the report audience a preview of the factors that are influencing the growth of this market in brief. The executive summary also contains a concise and yet informative analysis on the overall market approach adopted by the key players operating in the global chromatographic silica resin market. The target end use segment and the target region are also discussed that demonstrates to the report audience the important and most attractive sectors in this market. At the end of the executive summary, the differentiating strategy of the key market players is given which provides information about the strategy adopted by them in order to stay in the pole position in the chromatographic silica resin market. The market introduction and taxonomy follows the executive summary.
By Mesh Size
By End Use
After the market taxonomy, there is a section of the report devoted to study the global chromatographic silica resin market size. After this, the global chromatographic silica resin market volume data from 2015 till 2025 is given, which depicts the growth in the consumption of silica resin in metric tons. Subsequently, there is a section of the report that depicts the global chromatographic silica resin market pricing analysis and states the weighted average price of silica resins. These prices have been determined by mesh size as of effective rates in 2016. Prices have been deduced for the forecast period based on historic market as well as costs; Price increase over the forecast period is linearly distributed across regions. After this, there is a section on the global chromatographic silica resin market value and forecast that gives the growth in the market value and volume during the forecast period and the overall CAGR of the market. After this section, there is a section devoted to the global chromatographic silica resin market supply chain overview.
The subsequent section of the report deals with the market dynamics of the global chromatographic silica resin market and lists in detail the drivers, restraints, opportunities and trends operating in the market. This is a detailed and informative section of the report that throws light on various factors that affect the global chromatographic silica resin market growth and give the various opportunities and trends that highlight where the market is heading and what are the latest happenings in the market. After this section, there is a section devoted to the forecast factors of the global chromatographic silica resin market and the relevance and degree of impact of the listed forecast factors on this market. After this, key regulations in the areas related to food testing, pharmaceuticals and chemicals are given that have a direct bearing on the global chromatographic silica resin market. The subsequent section of the report depicts the market analysis and forecast of the global chromatographic silica resin market by mesh size, by purity, by application, by end use and by region. In these sections, there is important information about the market such as Basis Point Share figures, year-on-year growth analysis, absolute dollar opportunity figures and market attractiveness analysis.
Last but not the least, there is an entire section of the report devoted to the competition landscape of the global chromatographic silica resin market. This competition landscape gives a dashboard view of the key companies operating in the global chromatographic silica resin market along with their important information and broad strategy adopted to stay as leaders in the global chromatographic silica resin market. Each of the leading companies is also profiled individually and important information about the company such as company details, company description, product portfolio along with key developments concerning the company and strategic analysis is presented. A SWOT analysis of each leading market player is also presented, which gives detailed information about the strengths, weakness, opportunities and threats that the company is dealing with. This competition landscape is the most important section of the report as it imparts a deep understanding of the leading companies operating in the global chromatographic silica resin market and is valuable for new entrants in the field to get a learning about how the companies are leading this lucrative market and also for established market players in order to get a better understanding about their competitors.
Overall market size has been analyzed through historical data, primary responses, and public domain data. Revenue of companies in the chromatographic silica resin market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated with the help of the triangulation method and is extensively scrutinized using advanced tools to garner quantitative and qualitative insights into the global chromatographic silica resin market.