The Growing Chromatography Resins Market is Driven by Expanding Biopharmaceutical Industry

Key Takeaways

Key players in the chromatography resins market:

Key players operating in the chromatography resins market are W.R. Grace and Company, Osaka Soda Co. Limited, Alfa Aesar, Merck KGaA, AGC Group, SiliCycle Inc., Sorbead India, Sepax Technologies Inc., Bio - Rad Laboratories, Inc., Wipro GE Healthcare Pvt Ltd, Purolite, GRACE, Mitsubishi Chemical Holdings Corporation., and Danaher.

Key players operating in the chromatography resins market are focusing on new product launches, partnerships, and expansion of production facilities to cater to the growing demand and consolidate their market position. For instance, in 2021, Purolite, a global resin manufacturer, launched its newest chromatography resin - Purolite A500P, designed to support refining processes for monoclonal antibody drugs.

Growing demand:

Rising biopharmaceutical RD activities and increasing production of large molecule biologics are contributing to the growing Chromatography Resins Market Demand. Moreover, favorable government policies and support for development of biosimilars in emerging economies is also augmenting the market growth.

Global expansion of the market:

Major chromatography resin manufacturers are focusing on expanding their global footprint through acquisitions and strategic collaborations. For instance, in 2020, Mitsubishi Chemical acquired Purilogics LLC, a US-based specialty chromatography resins manufacturer, to expand its presence in the North American chromatography market.

Market drivers

Expanding biopharmaceutical industry is a major factor driving the demand for chromatography resins. Increasing production of medicines to treat chronic diseases as a result of rising global healthcare expenditures has augmented the requirements for downstream purification in the biopharmaceutical manufacturing process. Growing demand for effective downstream purification techniques like chromatography by biopharmaceutical manufacturers is expected to accelerate the market growth over the forecast period.

Impact of geopolitical situation on Chromatography Resins Market growth and regions

The current geopolitical instability across many parts of the world is impacting the growth of the chromatography resins market. The ongoing Russia-Ukraine conflict and economic sanctions have disrupted global supply chains. Both Russia and Ukraine are significant producers and suppliers of resins and other chromatography materials. The conflict has created raw material shortages and challenges in the transportation and logistics sector. This is negatively affecting market growth in Europe and other regions that sourced resins from these countries.