CHROMATOGRAPHIC SILICA RESIN MARKET ANALYSIS

Chromatographic Silica Resin Market 2017–2027

Chromatography silica resin is widely used in the pharmaceutical industry for the study of medicines such as sedatives, hypnotics, analgesics, local anesthetics, and steroids. Chromatography silica resin is also used across biotechnology where it is used to detect the molecular components such as carbohydrates, nucleic acids, fats, protein, and vitamins. Basically, chromatography silica resin is used thin-layer chromatography for biomedical analysis. Moreover, chromatography silica resin is also used in food and chemical the industry for purification purposes.

The global chromatographic silica resin market is estimated to account for US$ 120.1 million in terms of revenue by the end of 2027, growing at a CAGR of 4.1% during the forecast period (2019-2027)

Drivers

The growing pharmaceutical industry around the globe is a prime factor propelling the market growth of chromatography silica resin. According to the Global Use of Medicines report from the IQVIA Institute for Human Data Science published in January 2019, the global market for pharmaceuticals reached US$ 1.2 trillion in 2018, increased by US $100 billion from 2017. The booming pharmaceutical industry is expected to propel the market growth of chromatography silica resin.

Expanding biotechnology firms around the globe is expected to propel the market growth of the chromatography silica resin. The application of chromatography in biotechnology has increased drastically as it is capable of detecting molecular components such as fats, carbohydrates, protein-nucleic acids, and vitamins. Hence, rising usage of chromatography silica resin in the biotechnology industry is expected to propel the market growth. 

On the basis of region, North America dominated the global chromatographic silica resin market in 2018, reporting 44.8% market share in terms of revenue, followed by Europe and Asia-pacific, respectively.

Figure 1. Global Chromatographic Silica Resin Market, Revenue Share (%), By Region, 2018

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Market Restraints

Limited scope across the end-use application as its application is only limited to pharmaceutical, biotechnology, and food & chemical industries. Also, the market is a low-volume moderate-value type with its demand arising from niche applications across end-use industries. Therefore, limited scope across the end-use application is projected to restrict the market growth of chromatography silica resin.

Another disadvantage of chromatography silica resin is its application only included in nonvolatile compounds, this factor is expected to restrict the market growth of chromatography silica resin. Moreover, it has very limited resolution capability and it lacks an automated system. Therefore, the aforementioned factors associated with the chromatography silica resin is expected to hinder the market growth over the forecast period.

Market Opportunities

Increasing application of chromatography silica resin across nutraceuticals where chromatography is mainly used to isolate dietary supplements from natural compounds is expected to offer immense growth opportunity over the forecast period. Moreover, it is also used across the dietary industry for separating lactose from milk. Therefore, the rising application of across nutraceuticals is projected to propel the market growth over the forecast period. Also, the demand for silica gel chromatographic resins is also increasing across the agriculture industry.

Increasing implementation of strict regulations associated with the quality assurance & product compliance is expected to impact the market growth in a positive manner over the forecast period. Rising safety concerns have encouraged governments across various countries to implement strict regulations for quality food, chemical and cosmetic products for checking the presence of chemical additives and contaminants in the product is expected to propel the market growth. 

Figure 2. Global Chromatographic Silica Resin Market – Opportunity Analysis

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Market Trends/Key Takeaways

Increasing number of acquisitions by companies in to increase their product portfolio. This is associated with the emerging application in the biopharmaceutical industry such as advanced lipid/ protein sample tests and analysis, research on prostate cancer carcinogens, etc. is expected to foster the market growth over the forecast period. For instance, In order to gain a competitive edge in the field of laboratory reagents and chemicals, in June 2015, Thermo Fischer Scientific acquired U.K. based chemicals and reagents company Alfa Aesar to leverage its product portfolio and research expertise specifically targeting the biopharmaceutical industry.

An increasing number of partnerships among major players is expected to propel the market growth of chromatography silica resin over the forecast period. For instance, in March 2019, Sartorius Stedim Biotech (SSB), a leading supplier for the biopharmaceutical industry, and Novasep based in Pompey, France, have entered into a collaboration agreement in the area of chromatography and single-use bioprocessing. Hence, the rising number of partnerships among key players for chromatography is expected to foster market growth.

Regulations

Food Testing

• International Organization for Standardization (ISO) specifies the method for food testing:
• ISO 20638:2015 specifies the quantitative determination of 5′-mononucleotides in infant formula using liquid chromatography
• ISO 20634:2015 specifies the determination of vitamin B12 by reversed-phase high-performance liquid chromatography (RP-HPLC)

Figure 3. Global Chromatographic Silica Resin Market, Revenue Share (%), By Application, in 2018

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On the basis of application, in 2018, process chromatography accounted the largest market share of 39.9% in terms of revenue, followed by preparative chromatography and analytical chromatography, respectively.

Competitive Section

Key players active in global chromatographic silica resin market are W.R. Grace and Company, Osaka Soda Co. Limited, Alfa Aesar, Merck KGaA, AGC Group, SiliCycle Inc., Sorbead India, and Sepax Technologies Inc.

Few Recent Developments

W.R. Grace and Company

• In 2016, Grace Discovery Sciences entered into an alliance with Trajan Scientific and Medical for marketing, sales and distribution of Grace Davisil Silica business in Australia and New Zealand