Agarose resin market demand is expected to grow at an excellent 8.6% CAGR over the next ten years, reaching a market value of US$ 1.7 billion in 2023. As a result, it is anticipated that the global agarose resin market would reach US$ 3.9 billion by the end of 2033.Agarose resin sales, along with those of other chromatographic resins, are principally fueled by the global vaccine and drug research markets.
A surge in demand for agarose resins, which were crucial to the purification of vaccines, was caused by the COVID-19 pandemic. Over the projection period, there is expected to be a rise in demand for glutathione agarose resins, avidin resins, chitosan resins, and other resins due to the expanding usage of affinity chromatography techniques in medical research.
Download Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=5239?AS
Market Frontrunners
- Purolite
- Takara Bio Inc.
- Bio-Rad Laboratories
- Cube Biotech
- Cytiva
- Agarose Beads Technologies
- Merck KGaA
- Thermo Fisher Scientific Inc.
- Bio-Works Technologies
Key Statistics Supporting the Surge
- The global agarose resin market is anticipated to create a value opportunity of around US$ 0.7 Bn during the forecast period, adding 2.6X value as compared to 2020.
- High investments in R&D in the field of biotherapeutics and vaccine purification are set to bolster the agarose resin market by 2025.
- North America will accounts for more than one-third share of the global agarose resin by the end of 2030 in terms of value.
- Antibody purification is the most promising segment, and is projected to gain more than 65% over the period.
- Europe is set to hold more than a quarter of the global agarose resin market by 2030 in terms of volume, and account for more than 200 thousand litres of agarose resin demand, to supply rapidly growing protein purification and immunoprecipitation across the region.
- East Asia and South Asia & Oceania agarose resin markets are set to grow at a rapid pace, together accounting for a little less than two-fifth of demand by 2030.
“The COVID-19 pandemic set to provide a short-term boost to growth of the agarose resins market,”says a Fact.MR analyst.
Competitive Dashboard
Prime agarose resin vendors are focusing on launching new products and expanding their product portfolio to meet increasing demand and gain a competitive advantage over other market players. Agarose resin companies are also increasing investments to advance their infrastructural facilities and research capacity.
- In October 2021, Purolite, a leading provider of resin-based chromatography extraction, separation, and purification technologies, announced the commercialization of two new next-gen chromatography resins. Praesto Jetted A50 HipH and Praesto Jetted (dT) 18-DVB were the two resins that were commercialized.
- In March 2021, Thermo Fisher Scientific, a leading name in the scientific research industry, announced capital investments of more than US$ 600 million to upscale its supplies of chromatography resins and purification resins that played a crucial role in the research and development of vaccines and biologics.
Workflow Optimization
Concentration
- 2% to 4%
- 4% to 6%
- 6% to 8%
- More than 8%
Application
- Protein Purification
- Antibody Purification
- Immunoprecipitation
- Others
End-Use
- Biopharma Companies
- Clinical Research Laboratories
- Academic & Research Institutes
Region
- North America
- Europe
- East Asia
- South Asia & Oceania
- Rest of the World
Report Benefits & Key Questions Answered
- Agarose Resin Company & brand share analysis: The report offers brand-share analysis on Agarose Resin market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
- Agarose Resin Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
- Agarose Resin Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
- Agarose Resin Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
- Agarose Resin Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
- Post COVID consumer spending on Agarose Resin: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Agarose Resin sales.
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=5239?AS
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Email : sales@factmr.com