Over the years, the demand for chromatography reagents has witnessed rise in demand to meet the needs of biotechnology and biopharmaceutical companies; food and beverage, chemical, and semiconductor industries; and environmental testing.
In 2015, the chromatography solvents segment is expected to account for the larger share of the global chromatography reagents market, by type; while the application areas such as research, forensics, as a diagnostic tool, and applications in cosmetics, chemicals, oil, and petrochemical industries are collectively expected to account for the largest share of chromatography reagents market, by application.
In 2015, North America is expected to account for the largest share of the global chromatography reagents market, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). In the coming years, the chromatography reagents market is expected to witness the highest growth rate in the Asian region, with emphasis on India, China, and Japan. The high growth in India and China can be attributed to government investments in biomedical industry in China, strategic expansions of chromatography players in China, increasing focus on soil testing in India, food security concerns in India, and presence of bioclusters in India and China.
The global chromatography reagents market witnesses’ high competitive intensity as there are several big and many small firms with similar product offerings. These companies adopt various strategies (agreements, partnerships, joint ventures, collaborations, geographic expansions, new product launches, and acquisitions) to increase their market shares and establish a strong foothold in the global market.
