Chromatography Solvents Market Size Analysis, Industry Share, Growth, Trends, Segmentation, and Regional Demand Forecast by 2030
The growing chromatography solvents market size is set to gain momentum due to the increasing demand for polar chromatography in liquid chromatography-mass spectrometry (LCMS). Also, the rising adoption of the product in the pharmaceutical industry and biotechnology industry contributes to a steady market size during the projected period. Fortune Business Insights presents this information in its report titled “Chromatography Solvents Market, 2023-2030.”
Chromatography solvents are mainly used for separating components of a mixture. It includes methanol, acetone, vinegar, chloroform, ethanol, turpentine, and mineral or vegetable oils. They are classified into polar and non-polar solvents, which are adopted for the partition of blends while using cutting edge. However, the product provides the concept of elution strength and is rarely used as pure either mixed with water or with other solvents.
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Growing Medical R&D amid Pandemic to Create Promising Opportunities
The chromatography solvents market witnessed a positive growth during the COVID-19 pandemic due to the rising number of research activities and clinical trials. The healthcare sector significantly research and development capacity amid the worsening COVID-19 situation, creating a solid demand for solvents used in chromatography. These solvents are also used in the identification of cancer cells and separation of complex mixtures. The COVID-19 pandemic will continue to create new opportunities for market growth.
Based on solvent type, the market is classified into polar solvents and non-polar solvents.
According to application type, the market is segmented into analytical chromatography and preparative chromatography.
In terms of end-user type, the market is broken down into cosmetic industry, academic, research & government institutes, pharmaceutical & biotechnology industry, and food & beverage industry.
Geographically, the market is divided into Europe, North America, Asia Pacific, Latin America, and Middle East & Africa.
The report offers:
- Major growth drivers, restraining factors, opportunities, emerging trends, and potential challenges for the market.
- Comprehensive insights into the global developments.
- List of major industry players and porters five forces analysis.
- Key strategies adopted by the market players.
- Latest industry developments such as product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints:
Extensive use of LCMS Promotes Chromatography Solvents Adoption
Chromatography solvents market growth is showing promising progress owing to increasing demand for polar chromatography solvents in liquid chromatography-mass spectrometry (LCMS). The product demand across several industries such as food & beverage, cosmetic, research industry, and academic sectors is also rising. Besides, rapid growth in the pharmaceutical industry and biotechnology sectors will boost the product demand during the forecast period.
However, the high cost of acetonitrile restrains the chromatography solvents market growth to some extent.
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Flourishing Food & Beverage Sector to Boost Market Share in Asia Pacific
Chromatography solvents market share is segmented into Asia Pacific, Europe, North America, Latin America, Middle East & Africa.
Asia Pacific is showing significant growth due to the growing food & beverage industry in the region. Advancing landscape of biomedical, biopharmaceutical, and biotechnology research also creates a promising outlook.
Europe is expected to show steady growth owing to its rising demand in the non-polar solvent cosmetic industry.
The Middle East & Africa region is witnessing significant growth due to rising demand for research and government institutes driving the market share in the region.
The Report Lists the Key Players Profiled in the Market Report:
- Avantor Performance (U.S)
- VWR International (U.S)
- EMD Millipore (U.S.)
- GE Healthcare (U.S.)
- Bio-Rad Laboratories (U.S)
- Thermo-Fisher Scientific (U.S.)
- Regis Technologies (U.S.)
- Tedia Company (U.S)
- Sigma-Aldrich (U.S.)
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