Europe Chromatography Resins Market Outlook 2031
The Europe chromatography resins market size was USD 640 Million in 2022 and is anticipated to reach USD 1.19 Billion by 2031 expand at a significant CAGR 7.2% during the forecast period 2023–2031. Growth of the market is attributed to increasing demand for biosimilars, increasing research and development for therapeutics area, and rising number of drug discoveries and clinical trial projects.
Chromatography resins are solutions used in vaccines, antibody fragments, polish and capture mAbs, and other biomolecules used in a static stage. There are various chromatography types for both purification purposes and analytical. In materials science and polymer chemistry, resin is an extremely viscous substance of synthetic and plant origin that is generally converted into polymers. Resins are usually combinations of organic elements. Resin provides protection to the plant from pathogens and insects.
The covid-19 pandemic affected the demand and supply of the Europe chromatography resins market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Europe Chromatography Resins Market Trends, Drivers, Restraints, and Opportunities
- Technological innovations in biotechnology research are projected to boost the market.
- Increasing demand for therapeutics antibodies is the major factor fueling the market.
- High cost of chromatography resins is projected to restrict the market growth during the forecast period.
- Lack of experts in the field is anticipated to hamper the market growth in the coming years.
- R&D investment and technological advancement in chromatography resins market is projected to offer lucrative opportunities for the market players.
Scope of Chromatography Resins Market Report
The report on the Europe chromatography resins market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Chromatography Resins Market – Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016-2021
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Forecast Period
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2023-2031
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Segmentation
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Origin [Synthetic-based and Natural-based], Technology [Hydrophobic Interaction Chromatography Resins, Ion Exchange Chromatography Resins, Size Exclusion Chromatography Resins, Affinity Chromatography Resins, and Other Technologies], End-user Industry [Water & Environmental Agencies, Food & Beverages, Pharmaceuticals, and Other End-user Industries]
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Geographical Scope
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United Kingdom, France, Switzerland, Italy, Germany, and Rest of Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players covered in the Report
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Tosoh Bioscience LLC, Purolite, Mitsubishi Chemical Corporation, General Electric, Bio-Rad Laboratories, Inc., Agilient Technologies, Avantor, Inc., Dupont, Merck KGaA, Pall Corporation, and Thermo Fisher Scientific
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Chromatography Resins Market Segment Insights
The ion exchange chromatography resins segment is expected to grow at a rapid pace
Based on technology, the Europe chromatography resins market is fragmented into hydrophobic interaction chromatography resins, ion exchange chromatography resins, size exclusion chromatography resins, affinity chromatography resins, and other technologies. The ion exchange chromatography resins accounts for a key share of the market.
Growth of the market is attributed to increasing focus of biotechnology and pharmaceuticals on product pipeline and availability of government funding for biotechnology sector. However, the affinity chromatography resins segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rapid growth in pharmaceutical industry and presence of stringent guidelines for drug development and safety.
The pharmaceuticals segment accounts for a major share of the market
On the basis of end-user industry, the Europe chromatography resins market is segmented into water & environmental agencies, food & beverages, pharmaceuticals, and other end-user industries. The pharmaceuticals segment accounts for a major market share. Growth of the market is attributed to increased use of modern chromatography techniques in food analytics and increase in critical diseases.
The food & beverages segment is anticipated to expand at a rapid pace during the forecast period due to factors such as high demand for chromatography resin in downstream application and growing demand for chromatography among food and beverages sector.
The natural- based segment accounts for a key share of the market
Based on origin, the Europe chromatography resins market is bifurcated into synthetic-based and natural-based. The natural-based segment accounts for a key share of the market. Growth of the market is attributed to increased manufacturing of drugs and development of new resins. The synthetic-based segment is anticipated to expand at a rapid pace during the forecast period due to factors such as extensive use of chromatography among end-users and growing concern for high-quality food standards.
The market in Germany is estimated to hold a key market share
On the basis of region, the Europe chromatography resins market is categorized as United Kingdom, France, Switzerland, Italy, Germany, and Rest of Europe. The market of France is anticipated to expand at a high CAGR during the forecast period due to rapid economic growth in region and encouragement from government organizations. The market of Germany is estimated to hold a key market share due to increasing population, rising healthcare expenditure, and increasing number of pharmaceuticals industry.
Segments
The Europe chromatography resins market has been segmented on the basis of
Origin
- Synthetic-based
- Natural-based
Technology
- Hydrophobic Interaction Chromatography Resins
- Ion Exchange Chromatography Resins
- Size Exclusion Chromatography Resins
- Affinity Chromatography Resins
- Other Technologies
End-User Industry
- Water & Environmental Agencies
- Food & Beverages
- Pharmaceuticals
- Other End-user Industries
Geography
- United Kingdom
- France
- Switzerland
- Italy
- Germany
- Rest of Europe
Key Players
- Tosoh Bioscience LLC
- Purolite
- Mitsubishi Chemical Corporation
- General Electric
- Bio-Rad Laboratories, Inc.
- Agilient Technologies
- Avantor, Inc.
- Dupont
- Merck KGaA
- Pall Corporation
- Thermo Fisher Scientific
Competitive Landscape
Key players competing in the Europe chromatography resins market include Tosoh Bioscience LLC, Purolite, Mitsubishi Chemical Corporation, General Electric, Bio-Rad Laboratories, Inc., Agilient Technologies, Avantor, Inc., Dupont, Merck KGaA, Pall Corporation, and Thermo Fisher Scientific
Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
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