Chromatography Resins Market is Worth $1.9 Billion by 2018
DALLAS, December 3, 2013 /PRNewswire/ --
The report "Chromatography Resin Market by Application (Pharmaceutical, Food, Water & Environmental Analysis, Drug Discovery, Diagnostics), by Techniques (IEC, Affinity, HIC, SEC & Mixed) & by Type (Natural & Synthetic) - Trends & Forecast to 2018", defines and segments the global chromatography resins market with analysis and forecasting of the global revenue and consumption. The global Chromatography Resin Market will grow from 1.2 billion in 2012 to 1.9 billion by 2018, at a CAGR of 7.2% from 2013 to 2018.
Browse 36 market data tables with 49 figures spread through 189 pages and in-depth TOC on "Chromatography Resin Market - Trends & Forecast to 2018."
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The increasing demand for monoclonal antibodies is driving the Chromatography Resin Market globally. These resins are used in separation and purification of proteins and other biomolecules in pharmaceutical and biotechnology, food production, and water and environmental analysis. In industrial scale, pharmaceutical and biotechnology is the largest consumer of chromatography resins followed by food production.
North America has the highest market share of chromatography resins in terms of both consumption and revenue followed by Europe. The revenue from sales of resins in food production industry in North America is expected to record highest CAGR in the next five years. However, in Asia-Pacific the chromatography resin consumption shows huge potential to grow in the pharmaceutical sector. The growing biosimilars market in emerging economies such as South Korea, India and China is expected to drive the Chromatography Resins Market in the coming decade. The top companies in the chromatography resin business include GE Healthcare Life Sciences (U.S.), Bio-Rad Laboratories Inc. (U.S.), Merck KGaA (U.S.), Tosoh Corporation (Japan), Pall Corporation (U.S.), and Life Technologies Corporation (U.S.). Chromatography resins industry is highly consolidated and organic expansion was the preferred growth strategy adopted by the leading players.
The report also identifies different types of resins and their market shares based on the technique they are used in. Ion exchange resins are the highest consumed chromatography resins. However, in terms of revenue, affinity chromatography resins occupy the major market share; this can be attributed to the high costs of affinity resins, protein A resins in particular. The report also focuses on market share analysis, and market metrics such as drivers, restraints, opportunities, and winning imperatives.
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