Chromatographic Silica Resins Market 3.5% CAGR During the Period 2017-2025

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New York, NY — 11/09/2017 — Global consumption of chromatography silica resins was pegged at 29,423 metric tons in 2016. Persistence Market Research, in its new report, projects global consumption to grow at 3.5% CAGR during the period 2017-2025 to reach 40,037.5 metric tons by 2025.

The global chromatography silica resins market is highly fragmented, with top 10 players accounting for 35% revenue share. Tier I companies in chromatography silica resins market are W.R. Grace and Company, Osaka Soda Co. Limited, Merck KGaA, AGC Group, and Alfa Aesar.

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Demand for ultrapure silica is higher than pure silica currently. Ultrapure silica currently accounts for over 60% revenue share of the market, and the status quo is anticipated to remain unchanged during the forecast period. According to Persistence Market Research, growing demand from biopharmaceuticals, coupled with increased use of HPLC will drive demand in the future. In terms of volume, 18,018.6 metric tons of ultrapure silica was consumed in 2016, whereas consumption of pure silica was estimated to be 11,404 metric tons.

Process chromatography and preparative chromatography remain the dominant application segments currently. These two segments collectively accounted for a revenue share of 78% in 2016. 11,685 metric tons of chromatography silica resins were used in process chromatography in 2016, whereas demand from preparative chromatography was estimated at 11,215 metric tons.

The pharmaceutical and biotechnology sector completely dominates the demand for chromatography silica resins. In this sector, chromatography silica resins are widely used in process- and preparative chromatography. The scale of demand can be gauged from the fact that food & chemical sector held a revenue share of less than 5% in 2016.

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Demand for chromatography silica resins in the US was estimated at 13,005 metric tons in 2016. This represented a market valuation worth US$ 34.6 Mn. High demand from the pharmaceutical sector will continue to drive demand during the period 2017-2025.

Europe, the second largest market for chromatography silica resins, is anticipated to witness a 3.7% CAGR growth in terms of volume. 9,444 metric tons of chromatography silica resins were consumed in Europe in 2016. In terms of volume, the market in Europe is anticipated to grow at 3.3% CAGR through 2025.

Asia Pacific will remain the fastest growing market for chromatography silica resins during the period 2017-2025. The Asia Pacific chromatography silica resins market is projected to grow at 4.8% CAGR through 2025.

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About Persistence Market Research
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

PMR stands committed to bringing more accuracy and speed to clients' business decisions. From ready-to-purchase market research reports to customized research solutions, PMR's engagement models are highly flexible without compromising on its deep-seated research values.

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Maria Burns

Maria Burns

Maria is a Viral News Editor who graduated from the University Of California. She likes social media trends, being semi-healthy, Buffalo Wild Wings and vodka with lime. When she isn’t writing, Maria loves to travel. She last went to Thailand to play with elephants and is planning a trip to Bali.
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