Latin America Chromatography Resin Market

Latin America Chromatography Resin Market Size & Growth (2022 to 2027):

According to the report, the Latin America Chromatography Resin Market Size is valued at USD 0.18 billion in 2022 and estimated to grow at a CAGR of 7.4%, to reach USD 0.26 billion by 2027 during the forecast period 2022 to 2027.

DRIVERS

 The main driver of chromatographic resins is the high demand for monoclonal antibodies. There has been a great demand for monoclonal bodies due to a growing number of serious diseases that are causing these types of therapies to gain importance rapidly. Food analysis is also a major driver of the chromatographic resins market. Chromatography resins are used to detect food additives (adulteration), which has been a major problem in the food industry.

The increased production of antibodies responds to a growing number of serious diseases around the world. According to the World Health Organization, around 42 million people die from non-communicable diseases (NCD) each year, 82% of which are due to cardiovascular disease (CVD), cancer, respiratory disease and diabetes mellitus. NCD death rates are expected to increase by 17.9% by 2030.

Biotechnology and pharmaceuticals are the main end users of chromatographic resins and are likely to become more important in the near future. Chromatography resins has various uses in industrial sector and environmental studies. Some of the academic uses for chromatographic resins are in genetic engineering and drug recovery, which may provide various growing advantages for the chromatographic resins market.

RESTRAINTS

Despite the many applications, the regulations associated with these applications can be a major constraint on the chromatography resin market for years to come.

OPPORTUNITIES

The growing importance of green chromatography is likely to create opportunities for the market in the coming years. The rise of contract research organization and contract manufacturing organization, increasing use of liquid chromatography, mass spectrometry in analysis and research will create new opportunities in growth of chromatography resins market during the above mentioned forecast period.

CHALLENGES

Lack of professional experience in emerging countries and rising prices of affinity resins are likely to challenge market growth.

This research report on the Latin America Chromatography Resin Market has been segmented and sub-segmented into the following categories

By Type:

• Natural Polymer
• Inorganic media
• Synthetic Polymer

By Technique:

• Affinity
• Hydrophobic Interaction
• Ion Exchange
• Size Exclusion
• Multi-Modal

By Application:

• Pharmaceutical & Biotechnology
• Food & Beverage
• Water & Environmental Analysis
• Others

By Country:

• Mexico
• Brazil
• Argentina
• Chile
• the Rest of Latin America

REGIONAL ANALYSIS

The Latin America region is expected to experience strong growth in demand for chromatographic resins, driven by growing demand from the pharmaceutical industry in the region.

The Brazil Chromatography Resin Market is growing at a steady rate in the pharmaceutical industry. The aging of the population and the increase in health spending, as well as the increase in diseases, have resulted in a significant growth of the pharmaceutical industry in the country. In addition, the increasing demand for monoclonal antibodies, due to the increasing number of critical diseases in the country, has increased the chromatographic resins market in the country.

Chromatographic resins are used in the food and beverage industry, which is one of the most important industries in the country. Major manufacturers, such as Coca Cola Co., Nestlé, Tyson Foods and Pepsi Co., among others, have their manufacturing units in the country. Consequently, the consumption of chromatographic resins is increasing in the Mexico, Brazil and Argentina Etc.

In addition, chromatographic columns are used to analyze adulterated foods. This has increased the demand for chromatographic resins in the country. Therefore, all factors in turn are expected to drive the demand for chromatographic resins in the Latin America region during the forecast period.

Noteworthy Companies dominating the Latin America Chromatography Resin Market Profiled in the Report are Bio-Rad Laboratories Inc., GE Healthcare, Tosoh Corporation, Merck KGaA, Pall Corporation, Avantor Performance Materials Inc., Mitsubishi Chemical Corporation, Purolite Corporation, Repligen Corporation, and Thermo Fisher Scientific Inc.