(PRWEB) July 06, 2014
The overall chromatography market is poised to witness a growth of 11.1% from 2013 to 2018. The market is witnessing a number of technological advancements, due to which various new products are being launched in the market. Extensive usage of the chromatography techniques by pharmaceutical and biotechnology industries for the separation and purification of desired compounds is another reason for the growth of the chromatography reagents market. Emergence of green process, built on liquid chromatography, has opened an array of opportunities for the development of eco-friendly reagents. The aim of developing these reagents is to achieve the same degree of separation by utilizing a lesser amount of solvents.
Browse through the market data tables, figures and detailed ToC on the “Liquid Chromatography Reagents Market”.
North American Liquid Chromatography Reagents Market
The North American liquid chromatography reagents market is the largest in the world, and is expected to grow at a CAGR of 9.8%, due to augmented research activities for the development of drugs and biologics, government investments, and investments by venture capitalists in Canada. Furthermore, large number of conferences and discussions on chromatography are organized by societies and organizations in the U.S. to increase the awareness about new technologies and developments in the field of chromatography.
European Liquid Chromatography Reagents Market
The European liquid chromatography reagents market is well established, and is expected to grow at a CAGR of 9.4% from 2013 to 2018. The demand for the liquid chromatography reagents is anticipated to increase due to the investments made by chromatography companies, mergers and acquisitions, as well as upsurge in the pharmaceutical and biotechnology industries in Europe. Europe also hosts many conferences on advance and novel chromatographic techniques, which in-turn trigger innovation and research in chromatography reagents. However, presence of alternative techniques and high price of acetonitrile are the major factors which are hindering the growth of the market.
Asian Liquid Chromatography Reagents Market
The Asian liquid chromatography reagents market is the fastest-growing market, and is expected to grow at a CAGR of 14.6%. The expanding biotechnology and pharmaceutical industry is a key factor that is likely to drive the market in Asia. Other factors such as the presence of an educated workforce, well-developed infrastructure, and open trade policies are driving the market.
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