Global Chromatography Solvents Market is expected to reach USD 3.56 billion by 2024 from USD 1.70 billion in 2016, at a CAGR of 9.5% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
The market is expected to experience a prolific growth in the forecasted period due to the high emphasis being given to environmental testing, pollution control, food safety, drug development and other biotechnology driven research. Apart from this the increased funding in healthcare and government grants for food safety and environmental protection is fuelling the growth of this market.
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Market Segmentation:
The global chromatography solvents market is segmented on the basis of product type, technology, application, end user and geography.
On the basis of product type, the global chromatography solvents market is segmented into polar solvents and non-polar solvents. In 2017, polar solvents segment is expected to dominate the global chromatography solvents market and is expected to continue this trend till 2024.
On the basis of technology, the global chromatography solvents market is segmented into LCMS, HPLC, UPLC and GCMS. In 2017, LCMS segment is expected to dominate the global chromatography solvents market by technology and is expected to continue this trend till 2024.
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On the basis of application, the global chromatography solvents market is segmented into analytical chromatography and preparative chromatography. In 2017, analytical chromatography segment is expected to dominate the global chromatography solvents market and is expected to continue this trend till 2024.
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On the basis of end user, the global chromatography solvents market is segmented into pharmaceutical, biotechnology industry; academics & research; environmental, cosmetic industry; food & beverage. In 2017, pharmaceutical segment is expected to dominate the global chromatography solvents market and is expected to continue this trend till 2024.
Key Drivers:
The market is expected to experience a prolific growth in the forecasted period due to the high emphasis being given to environmental testing, pollution control, food safety, drug development and other biotechnology driven research. Apart from this the increased funding in healthcare and government grants for food safety and environmental protection is fuelling the growth of this market.
Key Points:
In 2016, the global chromatography solvents market is dominated by EMD Millipore, having a market share of 43.1%, owing to the acquisition of Sigma Aldrich completed in 2015. Avantor Performance Materials and Thermo Fisher Scientific, Inc. hold the market share of 29.7% and 20.3% respectively. Other players operating in this market include Tedia Company, Inc., Regis Technologies, Inc., VWR Corporation, Qualikems Fine Chem Pvt. Ltd among others.
¨ Non-Polar Solvents market is growing with the highest CAGR.
¨ On the basis of application preparative chromatography is growing with the highest CAGR.
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