Chromatography Reagents Market: Increasing grants and research funds for development of various separation techniques is projected to boost chromatography reagents market at a CAGR of ~6.8% during the forecast period of 2021 to 2027

Pune, India, January 2020/MRFR Press Release/- Market Research Future has published its half-cooked research report on the global chromatography reagents market.

Market Highlights

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 2020.

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 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, AlfaChemistry (US) launched low pressure liquid chromatography, thin layer chromatography, 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 systemsand technologies such as desalination systems, waste water 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 productsare 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 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 R&D Investment Scoreboard published on 17th December2020, companies in the European Union invested 5.6% more in R&D during 2019, up from 4.7% in 2018. The German company BioNTechSE, one of the first COVID-19 vaccine developers globally, increased its R&D 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 in the downstream process of vaccines. Thus, the large number of pharma and biotech companies, growing R&D 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 techniquesare 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–7thOctober 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 beenapproved, and 4,424 pharmaceutical enterprises have been grantedmanufacturing licenses. In 2015, the traditional Chinese medicine pharmaceutical industryaccounted 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 marketin Asia-Pacific is expected to be the fastest-growing during the forecast period. The marketin the Rest of the World has been divided into the Middle East, Africa, and Latin America.

Access full reports @ https://www.marketresearchfuture.com/reports/chromatography-reagents-market-9167

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), LobaChemie 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).