CHROMATOGRAPHY RESINS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Regional Analysis

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North America has historically dominated the global chromatography resins market. The region is expected to account for 30.3% of the market share in 2024, owing to the strong presence of pharmaceutical and biotechnology companies in the region. The U.S. is home to many leading pharmaceutical firms which are engaged in development and production of biotherapeutics and large molecule drugs. This has propelled the demand for various chromatography techniques and resins for purification and separation applications over the years. Additionally, heavy investments in R&D by these companies have created a robust landscape for chromatography resin suppliers to cater to their complex purification requirements. Some of the top pharmaceutical companies in the region are known to directly source resins from manufacturers based on their proprietary needs, adding to the market share. However, pricing pressures due to patent cliffs have pushed these companies to focus on cost efficiency without compromising on quality. This has benefitted chromatography resin producers who offer customized solutions and services.

The Asia Pacific region is poised to grow at an unprecedented rate in the coming years on account of emerging economies like China and India increasingly adopting modern bioprocessing technologies. Surging investments in healthcare infrastructure coupled with growing biosimilars market in these countries has boosted their biopharmaceutical manufacturing capabilities. Domestic firms are actively partnering with multinational drug makers to gain knowledge and set up large scale production facilities. This is translating into higher sales of various bioprocess consumables including chromatography resins. Additionally, price competitiveness of Asia Pacific's resin manufacturers along with their ability to meet proprietary requirements is helping them attain a sizable share of exports to other developing markets. The availability of technologically skilled workforce provides impetus to local players to compete with global leaders in the development of specialty resins.