Meticulous Research® has recently published a comprehensive report titled ‘Chromatography Reagents Market by Type (GC, LC, TLC), Product (Solvents, Buffers, Reagents), Separation (Adsorption, Partition, Affinity), Application (Pharma, Forensic, Environmental, Cosmeceuticals, Diagnostics, QC), End User - Global Forecast to 2030.’ This report offers an in-depth analysis of the chromatography reagents market, projecting its growth to $9.7 billion by 2030, with a compound annual growth rate (CAGR) of 5.7% from 2024 to 2030.
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Several key factors are propelling the growth of the chromatography reagents market. These include the increasing R&D expenditures in the pharmaceutical and biotechnology sectors, government initiatives aimed at reducing environmental pollution, and the widespread use of chromatography in food safety regulations and quality control. Despite these growth drivers, the market faces challenges such as the high cost of reagents and safety risks related to the use of flammable chemicals.
Among the key players in this market, notable names include Bio-Rad Laboratories, Inc. (U.S.), Waters Corporation (U.S.), Santa Cruz Biotech, Inc. (U.S.), Merck KGaA (Germany), and Thermo Fisher Scientific, Inc. (U.S.). Other prominent companies include Agilent Technologies, Inc. (U.S.), Regis Technologies, Inc. (U.S.), and Shanghai Aladdin Biochemical Technology Co., Ltd. (China).
The market is segmented by chromatography type, product type, separation method, application, end user, and geography. Gas Chromatography (GC), Liquid Chromatography (LC), and Thin Layer Chromatography (TLC) are some of the types evaluated, with liquid chromatography projected to hold the largest market share by 2024 due to its versatility and precision.
Regarding product types, solvents are expected to lead the market. Solvents are essential in chromatography processes as they facilitate the movement of samples without altering their chemical composition. These reagents are frequently used in various applications, including air quality testing, which contributes to their significant market presence.
When examining separation methods, the adsorption technique is forecast to grow at the fastest rate during the forecast period. This method is crucial in protein purification, antibiotic isolation, and carbohydrate identification in the pharmaceutical and food sectors. The growing research on protein extraction is expected to further drive the market for adsorption chromatography.
The pharmaceutical and biotechnology sectors dominate the application segment of this market. The increasing demand for biopharmaceuticals, coupled with rising investments in research and development for innovative therapies, has bolstered the use of chromatography in these industries. Governments are also actively supporting the sector with funding, further fueling its growth.
Lastly, among the various end users, academic and research institutes are projected to experience the fastest growth during the forecast period. These institutes are increasingly focusing on innovation in the fields of pharmaceuticals, agriculture, food sciences, and analytical techniques, which drives their demand for chromatography reagents.
Geographic Review
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the chromatography reagents market, followed by Europe and Asia-Pacific. North America’s major market share is attributed to the high R&D expenditure, the well-established healthcare system, and supportive government initiatives for life sciences research.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/chromatography-reagents-market-5503
Key questions answered in the report-
- Which are the high-growth market segments in terms of chromatography type, product type, separation method, application, end user, and geography?
- What was the historical market for chromatography reagents across the globe?
- What are the market forecasts and estimates for the period 2024–2030?
- What are the major drivers, restraints, opportunities, and challenges in the chromatography reagents market?
- Who are the major players in the chromatography reagents market?
- What is the competitive landscape, and who are the market leaders in the chromatography reagents market?
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