Chromatography Resin Market Worth 2.46 Billion USD by 2021

PUNE, India, April 27, 2017 /PRNewswire/ --

The report "Chromatography Resin Market by Type (Natural, Synthetic, Inorganic media), Technique (Ion Exchange, Affinity, Hydrophobic Interaction, Size Exclusion, Multi-Modal), Application (Pharmaceutical & Biotechnology, Food & Beverage) - Global Forecast to 2021", Published by MarketsandMarkets, the market is projected to grow from USD 1.72 Billion in 2016 to USD 2.46 Billion by 2021, at a CAGR of 7.41% from 2016 to 2021

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Browse 94 market data tables and 41 figures spread through 145 pages and in-depth TOC on "Chromatography Resin Market"

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Ion exchange chromatography is projected to be the fastest-growing segment in the chromatography resin market 

The ion exchange segment accounted for the largest share in 2015, in terms of volume, and is projected to grow at a considerable rate during the forecast period. Ion exchange chromatography technique is widely used for biopharmaceutical purification processes. It is used in combination with other techniques, wherein the use of protein A resins is not a commercially preferred option. This has led to the high demand for ion exchange resins in the past decade.

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The pharmaceutical & biotechnology segment to account for the largest share of the chromatography resin market 

The pharmaceutical & biotechnology segment accounted for the largest market share in 2015, owing to increasing use of monoclonal antibodies in key therapeutic areas, such as oncology, tuberculosis, and other autoimmune diseases. Increasing number of contract manufacturing organizations (CMOs) and contract research organizations (CROs) in the pharmaceutical industry are expected to create new opportunities for chromatography resin manufacturers.

North America is the largest market for chromatography resin 

On the basis of region, the chromatography resin market is segmented into the North America, Europe, Asia-Pacific, and RoW. North America is a key market for chromatography resin. The U.S. is the leading market for chromatography resin in the region, followed by Canada. Strong growth in the monoclonal antibody therapeutics market of the region drives the demand for chromatography resins. Modern chromatography techniques are being increasingly used in food analytics and other diagnostic purposes in the U.S. and Canada.