South Korea Chromatography Resin Market Size & Outlook
South Korea chromatography resin market, 2018-2030 (US$M)
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South Korea chromatography resin market highlights
- The South Korea chromatography resin market generated a revenue of USD 45.1 million in 2023 and is expected to reach USD 61.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, natural was the largest revenue generating type in 2023.
- Synthetic is the most lucrative type segment registering the fastest growth during the forecast period.
Chromatography resin market data book summary
| Market revenue in 2023 | USD 45.1 million |
| Market revenue in 2030 | USD 61.0 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Natural |
| Fastest growing segment | Synthetic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural, Synthetic, Inorganic |
| Key market players worldwide | Merck KGaA, Bio-Rad Laboratories Inc, Wipro Ltd ADR, Mitsubishi Chemical Group Corp, Danaher Corp |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.1% of the global chromatography resin market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China chromatography resin market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 389.2 million by 2030.
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Chromatography Resin Market Scope
Chromatography Resin Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea chromatography resin market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to chromatography resin market will help companies and investors design strategic landscapes.
Natural was the largest segment with a revenue share of 46.78% in 2023. Horizon Databook has segmented the South Korea chromatography resin market based on natural, synthetic, inorganic covering the revenue growth of each sub-segment from 2018 to 2030.
Rapid technological advancement, expansion of the healthcare sector, and the rapidly expanding population base, supplemented by high disposable income, are the major factors encouraging growth in the sector.
The growing popularity of monoclonal antibodies for therapeutic purposes is expected to fuel the ion exchange resin market in the country, making it the fastest-growing technique segment over the forecast period. South Korea is investing at an increasing rate in the healthcare sector, which is in turn boosting demand for chromatography resin in the region.
The increasing use of therapeutic antibodies for treatment is one of the factors propelling the market for the segment. Regulations imposed by the Ministry of Food and Drug Safety (MFDS) are the major reason for the increase in the use of chromatography resin in food testing in the country.
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Target buyers of South Korea chromatography resin market databook
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Our clientele includes a mix of chromatography resin market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea chromatography resin market , including forecasts for subscribers. This country databook contains high-level insights into South Korea chromatography resin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea chromatography resin market size, by type, 2018-2030 (US$M)
South Korea Chromatography Resin Market Outlook Share, 2023 & 2030 (US$M)
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