Market Size of North America Chromatography Resins Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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North America Chromatography Resins Market Analysis
The North America chromatography resins market is estimated to witness a healthy growth, at an estimated CAGR of over 7%, over the forecast period. The major factors driving the growth of the market studied are technological advancements in chromatography resins and increasing importance of chromatography tests in drug approvals.
- Rising importance of green chromatography is likely to create opportunities for the market in the coming years.
- United States is expected to dominate the market and is also likely to witness highest CAGR during the forecast period.
North America Chromatography Resins Industry Segmentation
The North America chromatography resins market report includes:
Origin | ||||||
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Technology | |
Ion Exchange Chromatography Resins | |
Affinity Chromatography Resins | |
Size Exclusion Chromatography Resins | |
Hydrophobic Interaction Chromatography Resins | |
Other Technologies |
End-user Industry | |||||
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Water and Environmental Agencies | |||||
Food and Beverages | |||||
Other End-user Industries |
Geography | |
United States | |
Canada | |
Mexico |
North America Chromatography Resins Market Size Summary
The North America chromatography resins market is poised for robust growth, driven by technological advancements and the increasing significance of chromatography tests in drug approvals. The market is expected to benefit from the rising importance of green chromatography, which presents new opportunities. The United States is anticipated to lead the market, experiencing the highest growth rate during the forecast period. Chromatography resins play a crucial role in the pharmaceutical sector, facilitating the separation of chemical and biomolecules, protein purification for drug delivery, and diagnostics. The demand for these resins is projected to rise due to the increasing production of monoclonal antibodies, spurred by the prevalence of critical diseases and supportive government incentives.
The pharmaceutical industry in the United States is expanding rapidly, fueled by an aging population, increased healthcare expenditure, and a surge in diseases. This growth, coupled with the rising demand for monoclonal antibodies, is driving the market for chromatography resins. Additionally, the food and beverage industry, a significant sector in the country, contributes to the increased consumption of chromatography resins. Major manufacturers like Coca Cola Co., Nestle, Tyson Foods, and Pepsi Co. have operations in the United States, further boosting demand. The stringent food adulteration laws, enforced by the FDA, also enhance the need for chromatography resins. The market is partially consolidated, with key players including Thermo Fisher Scientific, General Electric, Merck KGaA, Dupont, and Mitsubishi Chemical Corporation, all contributing to the market's growth trajectory.
North America Chromatography Resins Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Technological Advancements in Chromatography Resins
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1.1.2 Increasing Importance of Chromatography Tests in Drug Approvals
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1.2 Restraints
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1.2.1 High Costs vs. Productivity of Chromatography Systems
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Origin
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2.1.1 Natural-based
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2.1.1.1 Agarose
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2.1.1.2 Dextran
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2.1.2 Synthetic-based
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2.1.2.1 Silica Gel
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2.1.2.2 Aluminum Oxide
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2.1.2.3 Polystyrene
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2.1.2.4 Other Synthetic-based Resins
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2.2 Technology
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2.2.1 Ion Exchange Chromatography Resins
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2.2.2 Affinity Chromatography Resins
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2.2.3 Size Exclusion Chromatography Resins
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2.2.4 Hydrophobic Interaction Chromatography Resins
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2.2.5 Other Technologies
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2.3 End-user Industry
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2.3.1 Pharmaceuticals
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2.3.1.1 Biotechnology
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2.3.1.2 Drug Discovery
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2.3.1.3 Drug Production
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2.3.2 Water and Environmental Agencies
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2.3.3 Food and Beverages
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2.3.4 Other End-user Industries
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2.4 Geography
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2.4.1 United States
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2.4.2 Canada
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2.4.3 Mexico
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North America Chromatography Resins Market Size FAQs
What is the current North America Chromatography Resins Market size?
The North America Chromatography Resins Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in North America Chromatography Resins Market?
Thermo Fisher Scientific, General Electric, Merck KGaA, Mitsubishi Chemical Corporation and Dupont are the major companies operating in the North America Chromatography Resins Market.