The impact of COVID-19 pandemic can be felt across the chemical industry. The growing inability in the production and manufacturing processes, in the light of the self-quarantined workforce has caused a major disruption in the supply chain across the sector. Restrictions encouraged by this pandemic are obstructing the production of essentials such as life-saving drugs.
The nature of operation in chemical plants that cannot be easily stopped and started, makes the operational restrictions in these plants a serious concern for the industry leaders. Restricted and delayed shipments from China have created a price hike in the raw materials, affecting the core of the chemicals industry.
The slacking demand from different impacted industries such as automotive is negatively influencing the growth of the chemical industry. In light of the current crisis, the market leaders are focused to become self-reliant which is expected to benefit the economic growth of different economies in the longer term. Companies are triggering events to restructure and recover from the losses incurred during the COVID-19 pandemic.
Chromatography resins are used in the purification and separation of proteins and other bio-molecules in biotechnology, pharmaceutical, food manufacturing, and environmental analysis.Chromatography resins are of three types: Synthetic, natural and inorganic media. Natural polymers include agarose, cellulose and dextran, among others, while synthetic resins include ion exchange resins. The natural and synthetic typesare the more preferred chromatography resins as compared to inorganic media.
Chromatography resins are used in affinity, mixed-mode, ion-exchange,hydrophobic interaction and size exclusion techniques.In terms of revenues,Protein A resins accounted for the highest share of the market.In technology terms, ion-exchange chromatography witnessed the highest consumption in the past few years. On the other hand, affinity chromatography resins held the key share by revenue largely due to the higher selling costsassociated with affinity resins
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The main driver for the chromatography resinsis huge demand for monoclonal antibodies.There has been a huge demand for monoclonal bodies owing to a growing number of critical diseases resulting in thesetypes of therapeutics to swiftly gain significance.Food analytics is also one of the major drivers for the chromatography resins market. Chromatography resins are used in nutraceuticals and nutritional chemistry. Chromatography resins are used to detect food additives (adulteration) which has been major issue in the food industry.
Biotechnology & pharmaceuticals are the leading end-users for chromatography resins and are likely to gain more importance in the near future.Chromatography resins are also used in industrial applications such as water treatment and environmental analysis. Some of the academic uses of chromatography resins are in genetic engineering and drug recovery which can provide various opportunities for the chromatography resins market. In spite of numerous applications, regulations associated with these applications can act as a major restraint for the chromatography resins market in the coming years.
In terms of demand, North Americawas the leading region for the chromatography resinsmarket. The demand in this region was mainly driven by biotechnology and pharmaceutical applications. The U.S. exhibited a major demand for chromatography resins and this region’s increasing health expense trendshave been indirectly driving the market for chromatography resins.Europe was the other leading market for chromatography resins in the past few years and is expected to show good growth numbers over the near future. Pharmaceuticals and food analytics were the major applications for the chromatography resins in this region. The major European countries such as Germany, UK, France and Italy were the major consumers of chromatography resins in the past decade.
There is currently a huge demand for chromatography resins in Asia Pacific, particularly from China, South Korea and India due to the growing pharmaceutical industry in these countries.Additionally, the emergence of CMOs and CROs is further driving the chromatography resins market in the Asia Pacific region. The Rest of the World is likely to exhibit stable demand for chromatography resins market over the forecast period. South America and The Middle East region are anticipated to be the potential markets for chromatography resins.
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Some of the key players in the chromatography resins market are
Lower prices with higher productivity and new innovative products had been the key strategies for the manufacturers to gain the competitive advantage in the market. Life Technologies is expected to unveil ‘POROS’ chromatography resins in Biopharmaceutical Development & Production Week Conference (BPD) to be held in California. Purolite International Ltd. announced its plans to develop bio-separation chromatography resins based on the agarose media. The new product line is likely to meet growing demand of the biomolecules market.
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