Chromatography Resins Market Set to Focus on R&D to Advance & Add Value to its Applications
The Chromatography Resins Market
deals with the development of resins that are used in chromatography techniques. Chromatography method is a process to separate mixtures of colored compounds into individual components. Chromatography resins are very important components that are used in this process of separation of biomolecules.
Basically, chromatography is an easy technique that provides high accuracy and hence used across various industries such as biotechnology, biomanufacturing, pharmaceutical and food manufacturing sector. It is used to investigate food adulteration which has been a major concern for the food sector. Chromatography is slowly gaining importance in other healthcare segments such as Nutraceuticals and Gene testing.
Chromatography resins are also used in industrial applications such as water treatment and environmental analysis, hence the demand for them is being increased. Therefore, the Chromatography Market is expected to register significant growth during the forecast period. The market is projected to register various opportunities from the genetic engineering and drug recovery segments, during the forecast period. However, stringent regulations associated with these applications is acting as a key restraint for the market growth.
North America is leading the Chromatography Resins Market, due to an increased focus on pharmaceutical development. Among all countries in North America, US is experiencing healthy growth due to high government spending in research and development. Asia-Pacific is projected to have high demand and growth during the forecast period as the pharmaceutical industry is growing at a steady pace especially in the nations such as India, Korea and China. Europe is also expected to register moderate growth during the forecast period, followed by Rest of the World.
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