Chromatography Reagents Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 11.53 Billion |
| Market Size (2029) | USD 16.55 Billion |
| CAGR (2024 - 2029) | > 7.00 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Chromatography Reagents Market Analysis
The Chromatography Reagents Market size is estimated at USD 11.53 billion in 2024, and is expected to reach USD 16.55 billion by 2029, growing at a CAGR of greater than 7% during the forecast period (2024-2029).
The market saw a surge in demand in 2021 due to the increase in demand for various medicines in the pharmaceutical industry owing to the pandemic. Many countries have imposed various regulations with regard to water and the safety of the environment. This has led to increased demand in the market studied worldwide.
- Increasing demand for chromatography reagents from the pharmaceutical sector is expected to fuel market growth.
- However, the high cost of chromatography reagents is anticipated to hamper market expansion.
- The growing adoption of chromatographic techniques in several end-user industries is expected to provide opportunities for the market to flourish.
- The North American region dominated the market around the world, with countries like the United States and Canada being the biggest consumers.
Chromatography Reagents Market Trends
Increasing Demand from Pharmaceutical Sector
- In the pharmaceutical industry, chromatography is used for a variety of tasks, including identifying and analyzing samples for the presence of chemicals or trace elements, preparing large quantities of extremely pure materials, separating chiral compounds, detecting mixture purity and unknown compounds, and drug development.
- The HPLC chromatography technique is the most important analytical technique used in the pharmaceutical business for identifying and quantifying pharmaceuticals.
- During the research, development, and production of medicine, this is used either in the active pharmaceutical ingredient or in the formulations.
- All pharmaceutical items must be of the greatest quality to ensure the least amount of danger to patients. During the development process, researchers, producers, and developers utilize a variety of technical equipment and analytical processes, like liquid chromatography, to guarantee that the items satisfy the criteria.
- Since drug products must be safe and effective, the pharmaceutical industry is one of the most heavily regulated industries in the world.
- The global pharmaceutical industry is larger and currently driven by innovations and positive implications for the global population's health. The industry has been witnessing decent growth over the past several years. According to AstraZeneca, the global pharmaceutical sales in 2022 were USD 1,214 billion, representing a growth of 8.4% compared to the previous year.
- Further, Germany constitutes the major European pharmaceutical market and the fourth-largest worldwide, with almost 400 biotech companies. According to the United Nations, COMTRADE, Germany’s exports of pharmaceutical products were USD 126.01 billion in 2022.
- Therefore, with the growth of the pharmaceutical industry, the demand for chromatography reagents is likely to rise during the coming years.
Strong Growth in the North American Region
- The North American region dominated the global market share. The increased adoption of chromatography techniques, majorly in the food and beverage and pharmaceutical industries, drives the demand for chromatography reagents in the region.
- The United States is the leading market for chromatography reagents, with factors such as rising investments in genomics research and development and the availability of sophisticated technologies projected to drive the market in the coming years.
- The United States has one of the world’s largest pharmaceutical industries. According to AstraZeneca, In 2022, the United States dominated pharmaceutical sales with a share of over 45% of global pharmaceutical sales and 22% of global production. The projected pharmaceutical sales for the United States in 2024 are expected to be USD 633 billion.
- According to the USDA, in 2022, about USD 1.5 trillion, the food business represents a sizeable portion of the United States economy. At almost 4% of the GDP, the food and beverage sector is one of the largest manufacturing sectors in the country's economy. With more than USD 800 billion in annual revenues, the food retail sector, which comprises supermarkets and other food stores, is likewise a sizable portion of the industry.
- Further, according to the USDA, Mexico is the third-largest food processing industry in the Americas, after the United States and Brazil. According to data from the Agricultural Markets Advisory Group (GCMA), the country’s food production is anticipated to reach 290 million tons in 2023, growing from 287 million tons in 2022.
- Due to all the factors mentioned above, North America is expected to have a strong demand in the market studied in the near future.
Chromatography Reagents Industry Overview
The chromatography reagents market is fragmented in nature. The major players (not in any particular order) include Merck KGaA, Thermo Fisher Scientific Inc., Avantor, Inc., Agilent Technologies, Inc., and Shimadzu Corporation, among others.
Chromatography Reagents Market Leaders
Agilent Technologies, Inc.
Avantor, Inc
Merck KGaA
Thermo Fisher Scientific Inc.
Shimadzu Corporation
*Disclaimer: Major Players sorted in no particular order
Chromatography Reagents Market News
- March 2023: Avantor was accorded the Best Bioprocessing Company for Chromatography at the Asia-Pacific Bioprocessing Excellence Awards 2023 (ABEA)for providing innovative chromatography solutions that enable biopharmaceutical manufacturers to optimize processes and enhance product quality.
- December 2022: Tokyo Chemicals Industry discontinued the sale of chromatography products such as HPLC columns and related products.
Chromatography ReagentsMarket Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Demand for Chromatography Reagents from the Pharmaceutical Sector
4.1.2 Increasing R&D Investment in Biotechnology Sector
4.1.3 Other Drivers
4.2 Restraints
4.2.1 High Cost of Chromatography Reagents
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
5.1 Type
5.1.1 Buffers
5.1.2 Ion Pair Reagents
5.1.3 Solvents
5.1.4 Other Types (Derivatization Reagents, Etc.)
5.2 Physical State of Mobile Phase
5.2.1 Gas Chromatography Reagents
5.2.2 Liquid Chromatography Reagents
5.2.3 Super Critical Fluid Chromatography (SFC) Reagents
5.3 Technology
5.3.1 Ion Exchange
5.3.2 Affinity Exchange
5.3.3 Size Exclusion
5.3.4 Hydrophobic Interaction
5.3.5 Mixed Mode
5.3.6 Other Technologies (Adsorption Chromatography, Partition Chromatography, Etc.)
5.4 Application
5.4.1 Pharmaceutical
5.4.2 Food and Beverages
5.4.3 Water and Environmental Analysis
5.4.4 Other Applications (Forensic Analysis, Cosmeceutical Application, Etc.)
5.5 Geography
5.5.1 Asia-Pacific
5.5.1.1 China
5.5.1.2 India
5.5.1.3 Japan
5.5.1.4 South Korea
5.5.1.5 Rest of Asia-Pacific
5.5.2 North America
5.5.2.1 United States
5.5.2.2 Canada
5.5.2.3 Mexico
5.5.3 Europe
5.5.3.1 Germany
5.5.3.2 United Kingdom
5.5.3.3 Italy
5.5.3.4 France
5.5.3.5 Rest of Europe
5.5.4 South America
5.5.4.1 Brazil
5.5.4.2 Argentina
5.5.4.3 Rest of South America
5.5.5 Middle East and Africa
5.5.5.1 Saudi Arabia
5.5.5.2 South Africa
5.5.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Agilent Technologies, Inc.
6.4.2 Avantor, Inc.
6.4.3 ITW Reagents
6.4.4 Merck KGaA
6.4.5 Regis Technologies Inc.
6.4.6 Santa Cruz Biotechnology, Inc.
6.4.7 Shimadzu Corporation
6.4.8 Thermo Fisher Scientific Inc.
6.4.9 Tokyo Chemical Industry
6.4.10 Tosoh India Pvt. Ltd.
6.4.11 Waters Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Adoption for Chromatographic Techniques in Several End-user Industries
7.2 Other Opportunities
Chromatography Reagents Industry Segmentation
Chromatography is a separation technique used in the laboratory for separating mixtures based on differential partitioning between the mobile and stationary phases. Chromatography can be divided into two branches, depending on whether the mobile step is a liquid or a gas. Chromatography reagents are used in a variety of applications, including HPLC, ion chromatography, flash chromatography, and complexometric titration.
The chromatography reagents market is segmented by type, physical state of mobile phase, technology, application, and geography. By type, the market is segmented into buffers, ion-pair reagents, solvents, and other types (derivatization reagents, etc.). By the physical state of the mobile phase, the market is segmented into gas chromatography reagents, liquid chromatography reagents, and supercritical fluid chromatography reagents. By technology, the market is segmented into ion exchange, affinity exchange, size exclusion, hydrophobic interaction, mixed-mode, and other technologies (adsorption chromatography, partition chromatography, etc.). By application, the market is segmented into pharmaceuticals, food and beverages, water and environmental analysis, and other applications (forensic analysis, cosmeceutical application, etc.). The report also covers the market size and forecasts for the chromatography reagents market in 15 countries across the globe. For each segment, the market sizing and forecasts have been done on the basis of value (USD).
| Type | |
| Buffers | |
| Ion Pair Reagents | |
| Solvents | |
| Other Types (Derivatization Reagents, Etc.) |
| Physical State of Mobile Phase | |
| Gas Chromatography Reagents | |
| Liquid Chromatography Reagents | |
| Super Critical Fluid Chromatography (SFC) Reagents |
| Technology | |
| Ion Exchange | |
| Affinity Exchange | |
| Size Exclusion | |
| Hydrophobic Interaction | |
| Mixed Mode | |
| Other Technologies (Adsorption Chromatography, Partition Chromatography, Etc.) |
| Application | |
| Pharmaceutical | |
| Food and Beverages | |
| Water and Environmental Analysis | |
| Other Applications (Forensic Analysis, Cosmeceutical Application, Etc.) |
| Geography | |||||||
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Chromatography ReagentsMarket Research FAQs
How big is the Chromatography Reagents Market?
The Chromatography Reagents Market size is expected to reach USD 11.53 billion in 2024 and grow at a CAGR of greater than 7% to reach USD 16.55 billion by 2029.
What is the current Chromatography Reagents Market size?
In 2024, the Chromatography Reagents Market size is expected to reach USD 11.53 billion.
Who are the key players in Chromatography Reagents Market?
Agilent Technologies, Inc., Avantor, Inc, Merck KGaA, Thermo Fisher Scientific Inc. and Shimadzu Corporation are the major companies operating in the Chromatography Reagents Market.
Which is the fastest growing region in Chromatography Reagents Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Chromatography Reagents Market?
In 2024, the North America accounts for the largest market share in Chromatography Reagents Market.
What years does this Chromatography Reagents Market cover, and what was the market size in 2023?
In 2023, the Chromatography Reagents Market size was estimated at USD 10.78 billion. The report covers the Chromatography Reagents Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Chromatography Reagents Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Chromatography ReagentsIndustry Report
Statistics for the 2024 Chromatography Reagents market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Chromatography Reagents analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
