Ion Chromatography Market Scenario, Leading Players, Segments Analysis and Growth Drivers to 2032
Ion Chromatography Market Highlights
According to MRFR analysis, the global ion chromatography market is projected to be worth USD 4.4 Billion by
2032, registering a CAGR of ~8.51% during the forecast period (2023-2032). The
market was valued at USD 2.3 Billion in 2023.
The global ion chromatography market is driven
by increasing R&D activities, demand for monoclonal antibodies, and various ion chromatography applications
in end-use industries such as pharmaceuticals, forensics, etc. In addition, the
presence of regulatory standards for ion chromatography is another key factor fuelling
the market growth. Organizations, such as the International Standard
Organizations (ISO), American Society for Testing and Materials (ASTM), United
States Environmental Protection Agency (USEPA), and Association of Official
Analytical Collaboration (AOAC) have established their regulatory standards for
using ion chromatography.
Segmentation
The global ion chromatography market report has been segmented by technique and
application.
By technique, the market is segmented into
ion-exchange chromatography, ion-exclusion chromatography, and ion-pair chromatography. The ion-exchange chromatography segment held
the major share in 2020, owing to the wide range of ion chromatography
techniques in various applications such as environmental testing, wastewater
analysis, etc. According to a 2017 Separations article, ion chromatography has
been accepted worldwide as a reference method for evaluating anions and cations
in wastewater management as it enables the replacement of several individual
wet chemistry methods for common ions with one instrumental technique. Ion
chromatography was widely accepted by many other organizations, such as ASTM
and USEPA, as a reference method for water and wastewater analysis.
Based on application type, the market has been
segmented into environmental testing, pharmaceutical industry, food industry,
chemicals industry, and others. The pharmaceutical industry held the largest
market share in 2020 due to rising investment by pharmaceutical companies in
R&D and the adoption of chromatographic techniques in the pharmaceutical
industry.
Key Players
The global ion chromatography market players
are Thermo Fisher Scientific (US), Metrohm (Switzerland), Tosoh Bioscience
(Japan), Shimadzu (Japan), Qingdao Shenghan Chromatograph Technology Co., Ltd (China),
MembraPure GmbH (Germany), Nittoseiko Analytech Co., Ltd (Japan), Qingdao Puren
Instrument (China), East & West Analytical Instruments (China), Qingdao
Luhai (China), Sykam (Germany), and Cecil Instruments (UK), among others.
Regional Analysis
Based on region, North America is projected to
dominate the global ion chromatography market in 2020. Factors such as the
presence of many canters and institutes engaged in the R&D of advanced
therapies and increasing use of ion chromatography for applications such as
environmental monitoring, food testing, and others. In addition, the presence
of regulatory standards in this region is another driving factor for the market
growth. For instance, the United States Pharmacopeia (USP) is a non-government
not-for-profit organization involved in setting up standards for the use of ion
chromatography in pharmaceutical applications.
Europe is expected to hold the second-largest
position in the global ion chromatography market in 2020. The key factor
attributing to the market growth is the increasing R&D spending to enhance
research activities. For instance, in 2018, a report published in Eurostat
stated that R&D investment in the EU increased from 2.07 to 2.11%of GDP.
Asia-Pacific is anticipated to be the
fastest-growing regional market over the assessment period due to the low cost
of ion chromatography instruments by suppliers along with high demand from
pharmaceuticals, biotechnology, and environmental laboratory customers.
Furthermore, the market growth in the Rest of the World is due to the rising
penetration of advanced healthcare technologies in research organizations
focused on adopting ion chromatography in countries such as Saudi Arabia and
the UAE. Developing Latin American countries such as Argentina, Brazil, and
Colombia are also key contributors to the growth of the market.
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