The APAC chromatography resin market is expected to grow at a healthy pace of XX%, from $XX billion in 2015 to $XX billion during the forecast period.
The major end user industrial applications of chromatographic resins is in pharmaceutical & biotechnology, food, academic & research and water treatment & environmental analysis. Of these applications the pharmaceutical segment accounts for the highest share in the market, revenue. The demand for chromatography resins in the field of monoclonal antibody production is expected grow at a considerable rate during the forecast, due to the increase in the number of critical diseases across the world.
Ion Exchange Chromatography Resins has the highest market share in terms of volume. But owing to the higher costs of Affinity Chromatography Resins, these segment has the highest market share by revenue.
Asia pacific is expected to witness the highest growth rate during the forecast period owing to the huge demand for the pharmaceutical products from China and India. The other industries like Agriculture, Food & Beverage industry, Biotechnological applications, Academics & Research institute etc. are also having increasing demand of Chromatography resins and products.
The major driver for the market is the increasing expenditure in health care, which is increasing the demand for various drugs. Furthermore this market is driven by the increase use of chromatographic resins in food industry. Moreover, the growing pharmaceutical industry in developing countries is also driving this market. One of the major restraint of this market is with the regulatory problems associated with the pharmaceutical industry, as a result of which the counterfeit drug market is on rise.
The market has been segmented into Region wise as China, India, Japan, South Korea, Malaysia, Singapore, Thailand, Indonesia, Australia & New Zealand and Rest of APAC. China is leading with the higher market growth rate followed by India and other countries.
Company profiles of the major global companies as well as regional players like Dow Chemicals, Merck KGaA, PerkinElmer, Bio-Rad Laboratories, Tosoh Corporation, Techcomp, Tokyo Chemical Industry Co., Ltd. etc. have been discussed with its financial analysis.
Key Deliverables in the Study