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Chromatography Resin Market: Trends & Forecast to 2018

Asia chromatography resin market forecast to expand at 9.7% CAGR during 2013 to 2018


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2014-04-28 16:20:01 - Chromatography Resin Market: Trends & Forecast to 2018 - a new market research report on companiesandmarkets.com

The global chromatography market was estimated at $1,250.1 million in 2012, is expected to grow at a CAGR of 7.2% from 2013 to 2018. Pharmaceutical is the key application area for the resins and sales of chromatography resin in this market are expected to grow at 8.3% from 2012 to 2018.

Ever increasing application in monoclonal antibody therapeutics and emerging Asia-Pacific market is presenting good outlook for the chromatography resin industry. Natural polymers such as agarose, dextran and cellulose are having higher consumption as compared to the synthetic polymers and inorganic media. Ion exchange chromatography has the highest consumption among all the resins; however, affinity chromatography has the highest share in terms of revenues. This is primarily due to higher price

 

 

of affinity resins.

Geographically, North America is the leading market for chromatography resins in terms of consumption as well as revenues. However, huge demand of antibody driven pharmaceutical products from Asian countries such as China and India is driving the growth for global market. The Asia-Pacific market for chromatography resin is expected to grow at a CAGR of 9.7% from 2013 to 2018.

In the application segment, pharmaceutical production is the key application area for chromatography resins. Chromatography resins are consumed in heavy volume in different steps of monoclonal antibody production and purification. With rising critical diseases across the world, demand for chromatography resins in the field of monoclonal antibody production is expected to rise at a high rate. In research and academics field, chromatography resins are used in drug discovery, diagnostics and analytical and genetic engineering fields.

The chromatography resin market is expected to grow at a decent pace during the coming decade driven by its increasing application in monoclonal antibody production and food analytics. Chromatography resins are primarily of two types; natural and synthetic. Inorganic media is also used in different chromatography processes. Chromatography resins are used in ion-exchange, affinity, size exclusion, hydrophobic interaction and mixed-mode techniques. Protein A resins captures the highest share of the market in terms of sales.

Process scale monoclonal antibody purification is the largest application area for chromatography resin. With rising critical diseases across the world, monoclonal antibody therapeutics is quickly gaining importance. As a result the chromatography resin market is expected to have a positive performance during the next decade. Food analytics is another area where these resins are used increasingly. In research and development arena, chromatography resins find widest application in drug discovery.

Geographically, North America is the major market for chromatography resin with around 40.8% of the market share in 2012. However, Asia-Pacific market is experiencing maximum growth in terms of consumption. This is primarily due to huge demand of pharmaceutical products from the large population of China and India. Moreover, emergence of a number of CMOs and CROs in Asia-Pacific is driving the growth of chromatography resin consumption in this geography.

In terms of techniques, Ion exchange chromatography represents highest consumption. However, affinity chromatography resins represents major portion of the revenue. This is primarily due to the higher selling price for the affinity resins.

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