According to MRFR analysis, the global ion chromatography market is expected to register a CAGR of ~8.51% from 2021 to 2027 and hold a value of ~USD 3,794.96 million in 2027.
The global ion chromatography market share is driven by increasing RD 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 fueling 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.
Several key players such as 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) are dominating the global ion chromatography market, contributing to a significant revenue share. The prominent players are involved in new product development launches and organic and inorganic strategies such as agreements, mergers acquisitions, joint ventures, collaborations, partnerships, and regional expansions to sustain their market positions. For instance, in September 2018, Showa Denko (SDK) (Tokyo) developed a new type of ShodexTM high-performance liquid chromatography (HPLC) column. The "IC SI-36 4D" HPLC column for ion chromatography was launched to analyze anions, which are compatible with hydroxide eluents. Such innovation by the company in the ion chromatography instrument market is another propelling factor for the market growth.
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The global ion chromatography market has been segmented by
- Technique
- Ion-exchange chromatography
- Ion-exclusion chromatography
- Ion-pair chromatography
- Application
- Environmental testing
- Pharmaceutical industry
- Food industry
- Chemicals industry
- 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 centers and institutes engaged in the RD 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 RD spending to enhance research activities. For instance, in 2018, a report published in Eurostat stated that RD 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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TABLE OF CONTENTS
- REPORT PROLOGUE
- MARKET INTRODUCTION
2.1. Definition
2.2. Scope Of The Study
2.2.1. Research Objective
2.2.2. Assumptions
2.2.3. Limitations
- RESEARCH METHODOLOGY
3.1. Overview
3.2. Data Mining
3.3. Secondary Research
3.4. Primary Research
3.4.1. Primary Interviews And Information Gathering Process
3.4.2. Breakdown Of Primary Respondents
3.5. Forecasting Techniques
3.6. Market Size Estimation
3.6.1. Bottom-Up Approach
3.6.2. Top-Down Approach
3.7. Data Triangulation
3.8. Validation
- MARKET DYNAMICS
4.1. Overview
4.2. Drivers
4.3. Restraints
4.4. Opportunities
TOC Continued...
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