What You Need To Know In 2021 About Chromatography Resin Market (Current Updates)

 The report "Chromatography Resin Market by Type (Natural, Synthetic, Inorganic Media), Technique (Ion Exchange, Affinity, Hydrophobic Interaction, Size Exclusion, Multimodal), Application (Pharma & Biotechnology, Food & Beverage), Region - Global Forecast to 2025" The chromatography resin market is projected to reach USD 3.3 billion by 2025, at a CAGR of 8.2% from USD 2.2 billion in 2020.

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Impact of COVID-19 on Chromatpgraphy Resin Market

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is still diverse. While a few industries will register a drop-in demand, numerous others will continue to remain stable and show promising growth opportunities (pharma & biotech). The chromatography resin market has witnessed significant growth previously. Due to the unexpected COVID-19 outbreak, the market will witness additional growth in 2020, owing to the increasing use of chromatography techniques in the approval of various drugs.

Currently, an increasing number of research activities are being performed to test the impact of COVID-19 on human bodies, as the outbreak has led to a crisis around the world. In addition, technological advancement and the increasing importance of chromatography in laboratories, forensic labs, and pharmaceutical R&D will enhance market growth during the forecast period.

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Natural polymer is the largest type for chromatography resin market in 2019

Natural polymer used in chromatography techniques is extracted from living cells such as plant and bacteria cells. Agarose, cellulose, and dextran are the natural polymers that are most commonly used as resins in chromatography applications. Chitosan is also used as a resin in a few ion chromatography applications. Most of these natural polymeric resins are polysaccharides. The major advantage of these natural polymers is their hydrophilic nature, as they have a large number of hydroxyl groups in their structure.

Affinity is estimated to be the largest technique in chromatography resin market between 2020 and 2025.

Affinity chromatography offers high selectivity, resolution, and capacity in most protein purification schemes. It has the advantage of utilizing a protein's biological structure or function for purification. As a result, purifications that would otherwise be time-consuming and complicated can often be easily achieved with affinity chromatography. The major applications of affinity chromatography include separation of a mixture of compounds, removal of impurities in the purification process, enzyme assays, detection of substrates, investigation of binding sites of enzymes.

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Market Leader - Chromatography Resin Market | (Expected To Reach USD 3.3 Billion By 2025, At A CAGR of 8.2%)

The chromatography resin market size is estimated to be USD 2.2 billion in 2020 and is expected to reach USD 3.3 billion by 2025, at a CAGR of 8.2% during the forecast period. Factors such as increasing demand for therapeutic antibodies, public-private investment in pharmaceutical & life science research, and rising concern for food safety will drive the chromatography resin market. The major restraint for the market will be lack of adequate skilled professionals and presence of alternative technologies to chromatography. However, rise in CROs and CMOs in the pharmaceutical industry, increasing demand for biosimilar, and growing demand for disposable pre-packed columns will act as an opportunity for the market.

The key market players profiled in the report include Bio-Rad Laboratories (US), GE Healthcare (US), Merch KGaA (Germany), Thermo Fisher Scientific Inc. (US), Cytiva (US), Tosoh Corporation (Japan), Sartorius Stedim Biotech S.A. (France), Bio-Works Technologies AB (Sweden), Avantor Performance Materials, Inc. (US), Mitsubishi Chemical Corporation (Japan), Purolite Corporation (US), and Repligen Corporation (US).

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Players in the chromatography resin market are mainly concentrating on new product launches, acquisition, and expansions to meet the growing demand for chromatography resin for various applications. New product launches help companies to strengthen their product portfolio and meet the specific demands of customers.

The growth of the chromatography resin market has been largely influenced by new product launches that were undertaken between 2016 and 2020. Companies such as Repligen Corporation, Bio-Rad Laboratories, Inc., Tosoh Corporation, and GE Healthcare have adopted new product launches to enhance their market position.

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Bio-Rad Laboratories, Inc. is one of the major players in the chromatography resin market. In order to strengthen their product portfolio, the company is focusing launching the new products meeting client’s requirements. For instance, in April 2020, the company announced the commercial launch of its SARS-CoV-2 Total Ab test, a blood-based immunoassay kit to help determine if an individual has developed antibodies to SARS-CoV-2, the virus associated with COVID-19 disease. The test detects IgG, IgM, and IgA antibodies. This approach appears to be more sensitive than assays against a single immunoglobulin. Similarly, in October 2020, Repligen Corporation and Navigo Proteins GmbH announced their successful development of an affinity ligand targeting the spike protein to be utilized in the purification of COVID-19 vaccines.

The companies also adopted acquisition as a strategy to increase their share and market presence. For instance, in November 2020, Sartorius Stedim Biotech had successfully closed the acquisition of the Slovenian purification specialist BIA Separations. Similarly, In April 2020, Sartorius Stedim Biotech successfully closed the acquisition of selected life science businesses of Danaher Corporation as part of a broader transaction between Danaher and Sartorius Group.

In December 2020, Merck announced the broadening of its manufacturing footprint at its production facilities in Danvers, Massachusetts, and Jaffrey, New Hampshire, USA. These sites supply essential products to customers developing lifesaving therapies, including Covid-19 vaccines, as well as furnishes products and services for biopharmaceutical manufacturing. These expansions will increase capacity and output at these facilities by the end of 2021 and 2022, respectively, and create approximately 700 new manufacturing positions.

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Resin Capsules Market worth 1,256.2 Million USD by 2022

MarketsandMarkets projects the resin capsules market to grow from USD 1,010.0 Million in 2017 to USD 1,256.2 Million by 2022, after growing at a CAGR of 4.46% from 2017. The resin capsules market is fairly competitive due to the presence of large players who have a strong foothold in the market. Fluctuations in the prices of raw materials have made a significant contribution to the overall slowdown in the resin capsule industry.

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The global market for resin capsules is dominated by the presence of large players such as Sika AG (Switzerland), Orica Limited (Australia), Barnes Group Inc. (U.S.), DYWIDAG-Systems International (Germany), Rawlplug (Poland), Bohle AG (Germany), Sormat OY (Finland), Fischer Holding GmbH & CO. (Germany), Arkema SA (France), and Hexion Inc. (U.S.). These companies use various strategies such as mergers & acquisitions, expansions, new product launches, and partnerships to strengthen their position in the market. Mergers & acquisitions formed the most adopted strategy by players during the study period of the competitive landscape.

The resin capsules market witnessed several mergers & acquisitions by key players to expand their product & service portfolios and improve their distribution network through acquisitions. Expansion & divestures formed the second-most adopted key strategy by market players in order to expand their geographical reach to untapped markets and through the divestment of the non-profitable or non-core business units to utilize resources in core business areas. The increase in demand for resin capsules, coupled with high development in the infrastructural construction growth in emerging markets, has encouraged companies to adopt this strategy.

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Market Dynamics

Drivers

• Increasing investments in the construction industry
• Rapid urbanization and industrialization stimulate the demand for resin capsules
• Increasing applications of resin capsules in the mining industry

Opportunities

• Mining sectors in Africa and Eastern Europe offer high-growth potential
• New product developments to offer high-growth potential

The year 2016 witnessed acquisitions in the resin capsules market by key players in order to expand their geographical footprint and improve the company’s distribution network through organic and inorganic growth strategies.

Dywidag-Systems International (Germany) acquired Jenmar Canada (U.S.), a provider of resin capsules to mining industry clients located all over the world. This acquisition was made with an objective to improve the company’s product portfolio, customer base, and technical expertise. It is focused on providing customized products to its customers, which gives the company a competitive edge.

Sormat OY (Finland), one of the top players in the resin capsule industry, aims to maintain its position in the market through expansions. In the last few years, Sormat OY has entered into various significant supply agreements, acquired companies, expanded production facilities, and launched new products to expand its presence in the resin capsules market. The company, in December 2012, announced its acquisition of Liebig (Ireland) to improve its heavy-duty anchor product range.

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GE Healthcare (U.S.) and Tosoh Corporation (Japan) are the Major Players Operating in the Chromatography Resin Market

The chromatography resin market is projected to grow from USD 1.72 Billion in 2016 to USD 2.46 Billion by 2021, at a CAGR of 7.41% from 2016 to 2021. The demand for chromatography resins is increasing due to their increasing usage in therapeutic applications.

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Some of the major players operating in this market include GE Healthcare (U.S.), Merck KGaA (Germany), Pall Corporation (U.S.), Bio-Rad Laboratories Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Tosoh Corporation (Japan), Purolite Corporation (U.S.), Repligen Corporation (U.S.), Mitsubishi Chemical Corporation (Japan), and Avantor Performance Materials Inc. (U.S.). These players have adopted various strategies to expand their global presence and increase their market shares.

The growth of the chromatography resin market was largely influenced by new product launches and expansions during the past five years. New product launches and expansions, contracts & agreements, and acquisitions are some of the strategies adopted by these players to achieve growth in the market. Companies such as GE Healthcare (U.S.), Merck KGaA (Germany), Pall Corporation (U.S.), Bio-Rad Laboratories Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Tosoh Corporation (Japan) adopted strategies such as new product launches and expansions to strengthen their market position and widen their product portfolio.

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GE Healthcare, the leading chromatography resin company, adopted various strategies such as contracts & new product launches, and investments to widen its product portfolio. For instance, in June 2016, GE Healthcare launched Capto Q XP, a strong anion exchange chromatography resin. The company also invested USD 100 million in 2015 in a manufacturing facility in Uppsala, Sweden. This strategy will enable the company to increase its chromatography resin manufacturing capacity.
Tosoh Corporation has undertaken several new product launches to provide chromatography resins for different chromatography techniques to its customers. For instance, Tosoh Corporation launched TOYOPEARL Sulfate-650F in 2016, a strong cation exchange resin that exhibits high salt tolerance. This resin is available for sale in the Americas from Tosoh Bioscience LLC. Tosoh Corporation is focused on expanding and improving its chromatography business segment through the development of innovative products and technologies. The company has a significant presence in Asia-Pacific and is now focused on increasing its market share in Europe and North America.




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Adhesive Resin Market (Overview, Financial, Products & Services, Strategy, and Developments)

The report “Adhesive Resin Market by Technology (Water, Solvent, Hot-Melt, Reactive & Others), by Chemistry (PAE, PVA, VAE, EVA, SBS, Synthetic Rubber, Polyamide, Polyurethane, Epoxy, Cyanoacrylate, & Others), & by Application - Global Forecast to 2020” report analyzes the global adhesive resin market with respect to market drivers, restraints, opportunities, and challenges in different regions.

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Competitive scenarios of the top players in the adhesive resin market have been discussed in detail. We have also profiled leading players of this industry with their recent developments and other strategic industry activities. These include key adhesive resins manufacturers such as E.I. du Pont de Nemours and Company (U.S.), ExxonMobil Chemical (U.S.), Eastman Chemical (U.S.), Dow Chemical (U.S.), Lawter (U.S.), Mitsui Chemicals America, Inc. (U.S.), Mitsubishi Chemical (Japan), Georgia-Pacific Chemicals (U.S.), Ashland Inc. (U.S.), and Yparex B.V. (Netherlands)

On the basis of formulating technology:

• Water-based
• Solvent-based
• Hot Melt
• Reactive & Others

On the basis of application:

• Paper & Packaging
• Building & Construction
• Wood-working
• Transportation
• Consumer/DIY
• Leather & Footwear
• Others (Assembly/Production)

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The global value of adhesive resin market was estimated to be about $11,339.66 Million in 2015 and is projected to reach $14,387.78 Million by 2020, growing at a CAGR of 4.88% between 2015 and 2020. The primary resins of adhesives are the principal component that provides a lot of characteristics such as wettability, adhesion strength, thermal property, chemical resistance, and environmental resistance. Adhesive resins are resins that are able to combine different materials. In the adhesive industry, the primary resin means a polymer that is the main chain in the adhesive molecular structure. The understanding of primary resins is essential for adhesive curing, application, reliability, and adhesion failure analysis.

The adhesive resins demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, investments & expansions, partnerships & agreements, and mergers & acquisitions of the leading global companies.

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