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Revenues within the global chromatography reagents market are expected to total approximately $5.2 billion in 2012. The industry has been forecast to increase at a compound annual growth rate (CAGR) of 18% over the next five years, to reach a market value of $11.9 billion in 2017.
Chromatography techniques and reagents are being used extensively in pharmaceutical and biotechnology industries in the development of pure drug compounds.
The primary usage of chromatography techniques is for quality assurance of drug products wherein chromatography separation techniques can, in some cases, assure up to 99.9% purity level and can reveal the impurities to 0.1% or even smaller.
These separations or analysis techniques use chromatography reagents for the measurement of the drug purity, which has led to the growing market of the reagents.
Liquid chromatography represented the largest sector within the global chromatography reagents market, accounting for $2.4 billion in 2012 and $7.1 billion in 2017, a CAGR of 24%.
Gas chromatography represented the second largest sector, with $1.1 billion in 2012 and $1.7 billion in 2017, a CAGR of 9.5%.
Key players dominating the global chromatography reagents market include Avantor Performance Materials, Beckman Coulter Inc, Ge Healthcare Life Sciences, Millipore Corporation, Serva Electrophoresis Gmb, and Sigma-Aldrich Corporation, amongst others.
For more information on the global chromatography reagents market, see the latest research: Global Chromatography Reagents Market Report
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