According to MRFR analysis, the global chromatography reagents market is expected to register a CAGR of ~6.8% during the forecast period of 2021 to 2027 and is expected to account for USD 10,494 million by 2027.
Chromatography reagents are used for wide applications, including pharmaceutical drug development, clinical testing, the food beverage industry, forensic science, and the petrochemical industry. Chromatography reagents such as gas chromatography reagents, liquid chromatography reagents, supercritical fluid chromatography, and thin-layer chromatography reagents are widely utilized for research applications. The growing demand for chromatography reagents for nucleic acid research, protein separation, enzyme purification, plasma fractionation, and other applications is likely to increase the growth rate of the chromatography reagents market globally. The growing utilization of chromatography in drug development and omics research is projected to influence chromatography reagents market growth over the forecast period.
Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/9167
The global chromatography reagents market is currently dominated by several market players. The key players are involved in geographic expansion, acquisition, and strategic collaborations to maintain their global footprint in the chromatography reagents market. Similarly, manufacturers and suppliers are extending their products and service offerings to support the growth of the chromatography reagents market. For instance, in March 2021, Alfa Chemistry (US) launched low pressure liquid chromatography (LPLC), thin layer chromatography (TLC), and paper chromatography product lines. It includes resins, separation media, agarose, silica gel, dextran gel, and other products. These reagents are used mainly in the research of industrial chromatography systems and technologies such as desalination systems, wastewater treatment, purification of biological products, and refining of sugar solutions. Apart from these initiatives, the technological advancements in the separation and purification techniques of solvents for testing biological products are propelling the growth of the chromatography reagents market.
Regional Analysis
The market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World, based on region.
North America is likely to hold the largest market share in 2021, owing to the presence of a large number of pharmaceutical and biotechnology companies using high-performance liquid chromatography (HPLC) technologies. In addition, high government funding for research in the region is anticipated to foster the growth of the chromatography reagents market in North America in the near future. The chromatography reagents market in North America is divided into the US and Canada. Key companies such as Thermo Fisher Scientific (US), Avantor (US), Waters Corporation (US), Bio-Rad Laboratories, Inc. (US), Cytiva (US), Regis Technologies, Inc. (US), Santa Cruz Biotechnology (US), Agilent Technologies, Inc. (US), are facilitating research as well as analysis of products.
According to the 2020 EU Industrial RD Investment Scoreboard published on 17th December 2020, companies in the European Union invested 5.6% more in RD during 2019, up from 4.7% in 2018. The German company BioNTech SE, one of the first COVID-19 vaccine developers globally, increased its RD expenditure by 284% and 158% in 2020 and 2019, respectively. BioNTech (Germany) received USD 445 million from the German government in September 2020. Chromatography is used for achieving maximum purity of vaccines in the downstream process. Thus, the large number of pharma and biotech companies, growing RD expenditure, and government support for research are anticipated to increase the lucrativeness of the chromatography reagents market in the region during the forecast period. The European chromatography reagents market has been categorized into Germany, France, the UK, Italy, Spain, and the Rest of Europe. A rising number of clinical trials and associations engaged in finding better chromatography and electrophoretic separation techniques are supporting the growth of the chromatography reagents market in the region. For example, the 14th Congress of the French-speaking Association for Separative Sciences (SEP21) is expected to be held in Paris, France, from 5th–7th October 2021. It will cover new technologies, instrumentation, data processing, analytical development, and sample preparation across all applications of analytical sciences, including pharmaceuticals and cosmetics.
The chromatography reagents market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the Rest of Asia-Pacific. Traditional medicines are widely used in Asian countries such as India and China. Aristolochic acids are nephrotoxic and carcinogenic compounds and are widely added in Chinese herbal patent medicines. These acids are determined by the modified QuEChERS method in Chinese herbal patent medicines combined with the HPLC-MS analysis system. According to the WHO Global Report on Traditional and Complementary Medicine 2019, as of 2017, more than 60,000 traditional Chinese medicines have been approved, and 4,424 pharmaceutical enterprises have been granted manufacturing licenses. In 2015, the traditional Chinese medicine pharmaceutical industry accounted for 28.55% of the total value generated by the country’s pharmaceutical industry. An increasing number of pharmaceutical manufacturers, along with the rising application of chromatography to assess the purity and safety of traditional medicine, is anticipated to increase the market value in this region. The chromatography reagents market in Asia-Pacific is expected to be the fastest-growing during the forecast period. The market in the Rest of the World has been divided into the Middle East, Africa, and Latin America.
Segmentation
The global chromatography reagents market has been segmented based on type, technology, separation mechanism, and application.
The market, based on type, has been divided into solvents, buffers, derivatization reagents, ion-pair reagents, and others. The solvents segment is likely to hold maximum market share in 2021 owing to its larger utility globally.
The chromatography reagents market based on technology has been segmented into gas chromatography reagents, liquid chromatography reagents, supercritical fluid chromatography reagents, thin layer chromatography reagents, and others. The liquid chromatography reagents segment is anticipated to hold the largest share in the market due to its wide utility in laboratories for the separation of sample mixtures.
The chromatography reagents market based on separation mechanism has been segmented into adsorption chromatography, partition chromatography, ion-exchange chromatography, size-exclusion chromatography, affinity chromatography, and others.
The application segments of the chromatography reagents market are pharmaceutical testing, biopharma-biotech applications, research academic applications, food beverage testing, clinical testing, and others.
Key Players
Some of the key players in the global chromatography reagents market are Agilent Technologies, Inc. (US), Avantor (US), Bio-Rad Laboratories, Inc. (US), Chiron AS (Norway), Cytiva (US), GFS Chemicals Inc (US), Kanto Chemical (Japan), Loba Chemie Pvt. Ltd (India), Merck KGaA (Germany), Regis Technologies, Inc. (US), Restek (US), Santa Cruz Biotechnology (US), Spectrum Chemical Mfg. Corp. (US), Thermo Fisher Scientific (US), Tosoh Bioscience (Japan), and Waters Corporation (US).
Access full report @ https://www.marketresearchfuture.com/reports/chromatography-reagents-market-9167
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 628 258 0071
Email: sales@marketresearchfuture.com
