The Market for Global Chromatography Solvents is expected to grow at CAGR 10.1% from 2017 to 2024
Data Bridge Market Research new Insight’s on “Global Chromatography Solvents Market, is projected to reach USD 3.6 billion by 2024, from USD 1.7 billion in 2016, at a CAGR of 10.1% during the forecast period from 2017 to 2024.”
The market is segmented by Product Type (Polar, Non Polar), By Technology (LCMS, HPLC, UHPLC), By Application (Analytical Chromatography, Preparative Chromatography), By End-User (Pharmaceutical, Biotechnology Industry, Academics and Research, Environmental, Cosmetic Industry, Food and Beverage), By Geography (North America, Europe, APAC, Latin America, Rest of the World) – Industry Trends and Forecast to 2024
The actual calculation year for the report in 2016, while the historic data is for 2015 and the forecast period is still 2024.
Chromatography Solvents Market: Recent Developments
Chromatography is a technique used for the analysis, separation and purification of complex mixtures. The introduction of chromatography techniques such as HPLC and gas chromatography have brought a paradigm shift in this market, enabling researchers to separate compounds of high degree of complexity from small volume of sample. Chromatography is majorly used to by FDA and other medical approval agencies for food and drug safety approvals. It may also be used in lead compound quality control, content uniformity tests, assay, evaluation of related compounds and stability testing. Chromatography techniques are widely used in biotechnology applications such as separation of monoclonal antibodies, proteins, nucleic acids and many other bio molecules. The increasing usage of chromatography in environmental testing, food safety and drug development is expected to drive the chromatography solvents market.
The market is expected to experience a prolific growth in the forecasted period due to the high emphasis being given to environmental testing, pollution control, food safety, drug development and other biotechnology driven research. Apart from this the increased funding in healthcare and government grants for food safety and environmental protection is fuelling the growth of this market.
With the advent of advanced chromatographic techniques, such as performance liquid chromatography (HPLC), ultra-high performance liquid chromatography (UHPLC), flash chromatography, and hydrophilic interaction liquid chromatography there has been several enhancements in the property of the solvents used in these techniques. derivatization solvents such as silylation, alkylation, acylation, and ion pairing solvents are being used in the analytical chromatographic procedures to enhance the separation process.
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Chromatography Solvents Market Categories: Segmentation
The global chromatography solvents market is segmented based on product type, technology application, end-user and geography.
On the basis of product type, the global chromatography solvents market is segmented into polar solvents and non polar solvents
Based on technology, the global chromatography solvents market is segmented into LCMS, HPLC, UPLC and GCMS.
On the basis of application, the market is segmented into analytical chromatography and preparative chromatography.
Based on end user, the market is segmented into pharmaceutical, biotechnology industry; academics & research; environmental, cosmetic industry; food & beverage.
Chromatography Solvents Market: Geographic Segmentation
Based on geography the market is segmented into 5 geographical regions such as North America, Europe, Asia Pacific, Latin America and MEA. North America dominating the chromatography solvents market whereas Asia-Pacific is growing at the highest CAGR in the forecast period from 2017 to 2024. This is due to global pharmaceutical companies outsourcing their manufacturing to Asian countries to achieve economies of scale. Such activities are projected to propel the growth of Asia chromatography solvents market.
Chromatography Solvents Market: Company Share Analysis
The Chromatography Solvents market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market.
Some of the major players operating in the global chromatography solvents market are EMD-Millipore, Avantor Performance Materials, Tedia Company, Inc., Regis Technologies, Inc., Thermo Fisher Scientific, Inc., VWR International, and Qualikems Fine Chem Pvt. Ltd. among others.
Other Market Insights:
Global Gas Chromatography Market, latest insights by Data Bridge Market Research says that the new market is expected to grow at a CAGR of 6.3% in the forecast period 2017 to 2024, expected to reach USD 5.0 billion by 2024.
Global Chromatography Columns Market, latest insights by Data Bridge Market Research says that the new market reports contains actual calculation year for the report in 2016, while the historic data is for 2015 and the forecast period is 2017 to 2024.
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