LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global chromatography resins market to grow at a CAGR of more than 7% during the forecast period, according to their latest report.
The market study covers the present scenario and growth prospects of the global chromatography resins market for 2017-2021. The report also lists natural polymers, synthetic polymers, and inorganic media as the three major segments based on nature, where the use of solar control glass is used the most. In 2016, the natural polymer segment accounted for the largest share of the global chromatography resins market.
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Technavio analysts highlight the following three market drivers that are contributing to the growth of the global chromatography resins market:
- Increasing R&D in biopharmaceuticals
- Rising demand for therapeutic antibodies
- Increasing regulations in the food and beverage industry
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Increasing R&D in biopharmaceuticals
Chromatography plays a crucial role in the purification of biopharmaceuticals. It is also held accountable for a considerable portion of downstream processing efforts which involve time and cost. Hence, there is a consistent pressure to improve the productivity and efficiency of the process. Several developments in large-scale chromatography processes including the development of new resin properties such as enhancing Protein A for usage in capturing mAb, implementing single-use technologies, exploring continuous chromatography potential at a commercial scale, and increasing use of automation have been witnessed in the market.
According to Ajay Adikhari, a lead analyst at Technavio for additives, adhesives, and sealants research, “A new platform technology based on affinity chromatography resins has been introduced by Thermo Fisher Scientific, focusing on large-scale production capability. This new platform is intended to address challenges in the purification of mAbs, blood factors, antibody fragments, gene therapy vectors, and viral vaccine.”
Rising demand for therapeutic antibodies
Therapeutic antibodies are the dominant class of biopharmaceuticals that specifically target abnormal cells. This has attracted the focus of many biotechnology and pharmaceutical companies toward the development of antibodies for the treatment of chronic diseases such as arthritis, cancer, and rheumatic heart disease. The mass production and development of newer products through chromatography is driving the chromatography resins market at a rapid pace.
The therapeutic mAb class of biopharmaceuticals has shown significant growth over the years. This continuous growth along with the development of more mAb products will continue to drive the sales of these biopharmaceutical products that require chromatographic resins for their production.
Increasing regulations in the food and beverage industry
Although the food industry does not depend on laboratory instrumentation to the similar extent as required by other industries, the enormous size of this industry captures a significant share of the global laboratory instruments market. Most of the applications are in relation to safety, research, and quality control of food ingredients and products.
“Many countries have enforced regulations that specify acceptable levels of chemical additives, contaminants, and residues in food products to ensure the nutritional quality and safety. This requires food manufacturers and processing plants to assess the product quality by themselves,” says Ajay.
The use of chromatography resins in separation techniques has diverse applications in the food industry such as detection of aflatoxins, vitamin separations, analysis of colorants and residues, amino acid analysis, sugar content analysis, profiling various food components, triglyceride determination, and determination of various other organic compounds.
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