Global Agarose Resin Market to Reach New Heights by 2033: Comprehensive Size and Share Analysis

 

The demand for agarose resins is expected to grow at a remarkable 8.6% CAGR over the next ten years, with a market valuation of US$1.7 billion in 2023. Accordingly, it is anticipated that the global agarose resin market will grow to a value of US$3.9 billion by the end of 2033.

Global need for vaccinations and thriving drug research activities are the main drivers of agarose resin and other chromatographic resin sales. Since agarose resins were widely necessary for vaccine purification procedures, the COVID-19 pandemic increased demand for them.

The worldwide markets for vaccines and medicinal research are the main drivers of agarose resin sales, as well as those of other chromatographic resins. The COVID-19 pandemic led to a spike in demand for agarose resins, which were essential for vaccine purification. The growing use of affinity chromatography techniques in medical research is anticipated to drive up demand for glutathione agarose resins, avidin resins, chitosan resins, etc., throughout the course of the forecast.

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Future demand for agarose resins may also be influenced by factors such as increased spending on synthetic biology, growing demand for protein-based therapies, high R&D expenditures by biopharmaceutical companies, rising vaccine demand, supportive government initiatives, and increased regulatory authority approval of new medications and treatments.

On the other hand, it is anticipated that the pharmaceutical industry's stringent safety standards and the high cost of producing affinity chromatography resin will hinder market expansion and lower demand for agarose resin. It is projected that advancements in affinity chromatography technology and growing awareness of their ease of use and simplicity will generate a market environment full of opportunities for all makers of agarose resins over the course of the next ten years.

The Agarose Resin market is driven by various factors, including:

  • Agarose resin finds extensive application in the manufacturing of biopharmaceuticals, including recombinant proteins, vaccines, and antibodies. Agarose resin is becoming more and more in demand as a result of the rising demand for these goods.
  • A common method for separating and purifying different biomolecules is chromatography, which uses agarose resin. Agarose resin is becoming more and more in demand as chromatography becomes more and more necessary in a variety of industries, including biopharmaceuticals, food and beverage, and biotechnology.
  • Agarose resin is being used more often in pharmaceutical and biotechnology research and development projects. The need for agarose resin is being driven by the increased emphasis on creating novel medications and treatments.
  • The development of new technologies for the production of agarose resin is driving market growth. For instance, the development of high-performance agarose resin with improved separation efficiency is boosting the demand for agarose resin.
  • Agarose resin is widely used in the production of diagnostic tools, such as DNA and RNA isolation kits, PCR purification kits, and gel electrophoresis. With the increasing demand for these diagnostic tools, the demand for agarose resin is also rising.

Key Market Trends:

  • Agarose resin is being used in gene therapy to purify viral vectors and plasmids. With the growing interest in gene therapy for treating genetic disorders, the demand for agarose resin in this application is expected to rise.
  • The use of agarose resin in bioprocessing is increasing due to its high separation efficiency and low non-specific binding. Agarose resin is being used in downstream processing, including protein purification and chromatography.
  • The development of high-performance agarose resin with improved separation efficiency is a growing trend in the market. These resins can be used for the purification of complex biomolecules, such as monoclonal antibodies and recombinant proteins.
  • Prepacked agarose resin columns are gaining popularity due to their ease of use and cost-effectiveness. These columns eliminate the need for column packing and reduce the risk of contamination, making them suitable for small-scale applications.
  • There is a growing demand for customized agarose resin that can meet specific application requirements. Manufacturers are offering customized agarose resin with tailored physical and chemical properties to meet the diverse needs of customers.
  • Agarose resin is being increasingly used in the food and beverage industry for the purification and clarification of various food products, such as fruit juices, beer, and wine. The use of agarose resin in these applications is expected to grow due to the increasing demand for high-quality and safe food products.

Competitive Landscape:

The market for agarose resin is extremely competitive and fragmented. Major market participants are concentrating on expanding their product portfolios and launching new products. Additionally, players are investing more to improve their infrastructure and research capabilities.

• Purolite, a major supplier of resin-based chromatography, for example, has introduced two novel next-generation chromatography resins to the market.

Source: https://www.globenewswire.com/news-release/2023/03/21/2631072/0/en/Agarose-Resin-Sales-to-Reach-a-Size-of-US-3-9-Billion-by-2033-United-States-to-Account-for-Dominant-Regional-Revenue-Share-Fact-MR.html

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