Chromatography Reagents Market Outlook
The global chromatography reagents market size was valued at USD 6.31 Billion in 2022 and is likely reach to USD 11.70 Billion by 2031, expanding at a CAGR of 7.1% during the forecast period, 2023–2031. Growth of the market is attributed to rising cost of academic and commercial research and development (R&D) in the pharmaceutical industry, technological advancement in chromatographic reagents, and increasing importance of chromatographic testing in drug approvals.
Chromatography is a separation technique used to separate components and solutes in a moving liquid stream. Chromatography has many uses in the fields of biology and chemistry. This method is widely used in biochemical research to isolate and identify compounds.
In industry, this technology is used to analyze complex hydrocarbon mixtures. Moreover, chromatography technology is also used in the food and beverage industry and the cosmetics industry.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for chromatography techniques with rising pharmaceutical and biotech companies is expected to boost the market during the forecast period.
- Rapid growth of the life science research industry is likely to increase the demand for reagents which is major factor driving the market.
- Increasing investment in biotech and pharmaceutical companies lead to adoption of chromatography techniques is expected to fuel the market during the forecast period.
- High cost of chromatography reagents is projected to hinder the market growth.
- Lack of skilled labor due to lack of experience in this techniques act as major factors that can hamper the market growth during the forecast period.
- R&D investment and development in the field of genomics and proteomics is projected to create immense opportunities for the market players.
Scope of Chromatography Reagents Market Report
The report on the global chromatography reagents market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Chromatography Reagents Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Types (Solvents, Solid Support, Buffers, Ion Pair Reagents, Silylation Reagents, Alkylation and Esterification Reagents, and Acylation Reagents), Physical State of Mobile Phase (Super Critical Fluid (SFC) Chromatography Reagents, Gas Chromatography Reagents, and Liquid Chromatography Reagents [Low Pressure Liquid Chromatography(LPLC), High Pressure Liquid Chromatography (HPLC), and Ultra High Pressure Liquid Chromatography (UHPLC)]), Technology (Affinity Exchange, Ion Exchange, Size Exclusion, Hydrophobic Interaction, Mix Mode, and Other Technologies), Applications (Food & Beverages, Water & Environmental Analysis, Pharmaceuticals [Biotechnology, Drug Discovery, and Drug Production], and Other Applications)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., Tosoh Bioscience, General Electric, and Merck KGaA
Chromatography Reagents Market Segment Insights
The solvent segment is projected to represent a major market share
Based on types, the chromatography reagent market is segregated into solvents, solid support, buffers, ion pair reagents, silylation reagents, alkylation & esterification reagents, and acylation reagents.
The solvent segment is expected to represent a key share of the market during the forecast period owing to chromatography procedures, solvents are used to facilitate the chemical separation of sample components.
The relative speed of the compound passing through the stationary phase depends on the polarity of the solvent or component. In chromatographic methods, solvents are divided into HPLC solvents, GC solvents, and other solvents (solvents used by LCMS and UHPLC).
The demand for large amount of solvents is one of the main factors contributing to the market growth. It is the main HPLC-grade solvent, used in large quantities and is expensive.
The liquid chromatography segment is expected to grow at a rapid pace
Based on physical state of mobile phase, the chromatography reagent market is categorized into super critical fluid (SFC) chromatography reagents, gas chromatography reagents, and liquid chromatography reagents.
Further liquid chromatography segment is segregated into low pressure liquid chromatography (LPLC), high pressure liquid chromatography (HPLC), and ultra-high pressure liquid chromatography (UHPLC).
The liquid chromatography segment is expected to represent a key share of the market during the forecast period. The separation of liquid chromatography is based on the analyte's preference for stationary phase and mobile phase.
Silica gel is one of the most commonly used adsorbents in liquid chromatography. The decisive requirement for the movement process is to dissolve the components to the required concentration. The type of motion path has a significant impact on the residence time of separation and the detection of component post-ionization.
The ion exchange segment is anticipated to expand at a substantial CAGR
Based on technology, the chromatography reagent market is segregated into affinity exchange, ion exchange, size exclusion, hydrophobic interaction, mix mode, and other technologies. The ion exchange segment is expected to represent a key share of the market during the forecast period owing to ion exchange chromatography techniques used in the food and beverage industries.
Winemakers mainly use this technique as many unwanted molecules such as color or flavor/aroma need to be added in the initial stage, but need to be removed to obtain a clean final product. For example, sweeteners added to soft drinks must be colorless, tasteless, and mineral-free.
The food & beverages segment is expected to dominate the market
Based on applications, the chromatography reagent market is fragmented into food & beverages, water & environmental analysis, pharmaceuticals, and other applications. Pharmaceuticals are further divided into biotechnology, drug discovery, and drug production.
The food & beverages segment is expected to represent a key share of the market during the forecast period owing to chromatographic reagents widely used in the food and beverage industry to effectively purify crystalline sugar and liquid syrup.
These reagents remove salt ions from the original solution and adsorb yellow-brown substances, making the raw sugar appear natural in color. They can also easily and effectively remove unwanted ionic compounds, such as hardeners or salt, gelatin, and pectin.
The US is conducting extensive research and development on the purification of raw materials, which is driving chromatographic reagent market in the region.
Chromatography Reagents Market Regional Outlook
North America is anticipated to dominate the market
On the basis of regions, the chromatography reagents market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is anticipated to dominate the market during the forecast period.
Increasing use of chromatographic technology, in the food and pharmaceutical industries, has driven the regional market. Increasing aging population and major diseases, the country's demand for monoclonal antibodies has increased dramatically.
In addition, rising expenditure on water and food purification to protect the health of its citizens, further increases the country's demand for chromatography reagents.
- Solid Support
- Ion Pair Reagents
- Silylation Reagents
- Alkylation and Esterification Reagents
- Acylation Reagents
Physical State of Mobile Phase
- Super Critical Fluid (SFC) Chromatography Reagents
- Gas Chromatography Reagents
- Liquid Chromatography Reagents
- Low Pressure Liquid Chromatography(LPLC)
- High Pressure Liquid Chromatography (HPLC)
- Ultra High Pressure Liquid Chromatography (UHPLC)
- Affinity Exchange
- Ion Exchange
- Size Exclusion
- Hydrophobic Interaction
- Mix Mode
- Other Technologies
- Food & Beverages
- Water & Environmental Analysis
- Drug Discovery
- Drug Production
- Other Applications
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
Key players competing in the chromatography reagents market include Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., Tosoh Bioscience, General Electric, and Merck KGaA
Some of these players use several business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.