DUBLIN, April 1, 2019 /PRNewswire/ -- The "Ion Chromatography Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
The ion chromatography market is expected to register a CAGR of nearly 6.8% during the forecast period, 2019-2024.
The growth of the global ion chromatography market is due to the increasing use of ion-exchange chromatography for purification, along with the increasing demand for monoclonal antibodies, which is a primary driver for the market. The current market is also growing due to the increasing adoption of ion-exchange techniques in the food, beverage, and water industries.
To check content, quality, or safety, ion chromatography is increasingly being used in various industries. The ion-exchange technique is also being used to check the presence or amount of ingredients in a sample. The high cost of chromatography instruments and the lack of skilled personnel to handle the equipment are hindering the growth of the ion chromatography market.
Key Market Trends
Ion-exchange Chromatography Segment is Expected to Exhibit Fastest Growth Rate Over the Forecast Period
There are two types of ion-exchange chromatography techniques, based on the nature of charge present on the ion. They are anion exchange chromatography and cation exchange chromatography. Ion exchange resins are useful as carriers for medicinal materials and in slow release applications. Cholestyramine, a dried and ground strong base anion resin, is used in binding the bile acid for reducing blood cholesterol. The usage of this ion exchange in the medical field is increasing, and thus, driving the market growth.
One of the main advantages of ion exchange is that there is only one interaction involved in the separation, the analytical species interacting with the stationary phase; while the downside of ion-exchange chromatography is the high cost of these columns. The ion-exchange chromatography market share is dominant, due to a wide range of applications and associated markets. This market share is expected to increase further during the forecast period.
North America Captured the Largest Market Share and is Expected to Retain its Dominance
In the United States, ion chromatography is used for many applications. Ion chromatography (IC) has proven to be an effective technology for final production testing, pharmaceutical applications, environmental monitoring, food testing, and other applications. The United States Pharmacopeia (USP) is a non-government not-for-profit organization that supports itself through the sale of books (USP-NF and other publications) and reference standards.
USP sets standards for the use of ion chromatography in pharmaceutical applications. Many organizations, such as USEPA (United States Environmental Protection Agency), ASTM (American Society for Testing and Materials), and AOAC (Association of Official Analytical Chemists) are some of the additions to the market in the United States. These organizations also develop standards or regulatory methods of analysis for various applications of ion chromatography.
Agilent Technologies, Bio-Rad Laboratories Inc., GE Healthcare, Metrohm AG, and Mitsubishi Chemical Corporation are some of the major players in the ion chromatography market that are disrupting the market by launching several new products.
Key Topics Covered
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 Research Methodology
3 Executive Summary
4 Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Academic & Commercial R&D Spending on Pharmaceuticals
4.2.2 Increasing Use of Ion Chromatography Technique in Purifying Monoclonal Antibodies (MABS)
4.2.3 Increasing Use of Ion Chromatography Technique in the Food, Beverage and Water Industries
4.2.4 Technological Advancements in Ion Chromatography
4.3 Market Restraints
4.3.1 High Cost of Instruments
4.3.2 Lack of Skilled Personnel to Handle Equipment
4.4 Porter's Five Forces Analysis
5 Market Segmentation
5.1.1 Ion-exchange Chromatography
5.1.2 Ion-exclusion Chromatography
5.1.3 Ion-pair Chromatography
5.2.1 Environmental Testing
5.2.2 Pharmaceutical Industry
5.2.3 Food Industry
5.2.4 Chemicals Industry
5.2.5 Other Applications
5.3.1 North America
5.3.4 Middle East & Africa
5.3.5 South America
6 Competitive Landscape
6.1 Company Profiles
6.1.1 Agilent Technologies Inc.
6.1.2 Bio-Rad Laboratories Inc.
6.1.3 GE Healthcare
6.1.4 Metrohm AG
6.1.5 Mitsubishi Chemical Corporation
6.1.6 Perkin Elmer Inc.
6.1.7 Shimadzu Corporation
6.1.8 Thermo Fisher Scientific
6.1.9 Tosoh Corporation
7 Market Opportunities and Future Trends
For more information about this report visit https://www.researchandmarkets.com/r/v63164
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets