Global Chromatography Solvents Market is expected to reach USD 3.56 billion by 2024 from USD 1.70 billion in 2016, at a CAGR of 9.5% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Segmentation: Chromatography Solvents Market Categories
• 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.
Geographic Segmentation: Chromatography Solvents Market
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.
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Recent Developments: Chromatography Solvents Market
• 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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Key Drivers : Global 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 fueling the growth of this market.
Key Points : Global Chromatography Solvents Market
In 2016, the global chromatography solvents market is dominated by EMD Millipore, having a market share of 43.1%, owing to the acquisition of Sigma Aldrich completed in 2015. Avantor Performance Materials and Thermo Fisher Scientific, Inc. hold the market share of 29.7% and 20.3% respectively. Other players operating in this market include Tedia Company, Inc., Regis Technologies, Inc., VWR Corporation, Qualikems Fine Chem Pvt. Ltd among others.
• Non-Polar Solvents market is growing with the highest CAGR
• On the basis of application preparative chromatography is growing with the highest CAGR.
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