CHROMATOGRAPHY PAPER MARKET REPORT OVERVIEW
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The global chromatography paper market size is expected to be USD 13 million in 2022 and is projected to touch USD 17.79 million by 2031, exhibiting a CAGR of 3.6% during the forecast period.
Chromatography paper is a paper used in the process of chromatography. It is also known as paper chromatography and is paper made of small pores that don’t stop the liquid from flowing. Chromatography is an analytical method used for separating colored substances and chemicals. This method is generally used as a teaching tool, replacing other chromatography methods such as thin-layer chromatography in the laboratory. It is a technique used to separate the solutes or components from a mixture based on the relative amounts of the solute scattered between a moving stream of the fluid, known as the mobile phase, and a contiguous stationary phase.
Chromatography paper technique two-dimensional variant is a technique that has two solvents and rotates the paper in between at 90 degrees. This technique helps in separating complex compounds with similar polarity. It helps in testing the compound's purity and recognizing substances. It is a quick technique and requires a small quantity of solvent. The substances are distributed between the mobile and stationary phases. This technique is used in various sectors such as food production, diagnostics, biotechnology, genetic engineering, water analysis, pharmaceutical, and drug discovery.
COVID-19 Impact
"Researchers Using Product to Develop Antidotes for the Virus Increased Market Growth"
The global COVID-19 pandemic has been unprecedented and staggering, with chromatography paper market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to the chromatography paper market growth and demand returning to pre-pandemic levels once the pandemic is over.
COVID-19 outbreak had a significant effect on every industry except healthcare. The healthcare industry was not shut down during the pandemic as the COVID-19 patients needed treatment and appropriate medical prescriptions. The supply chain of every industry witnessed a setback, and the healthcare industry was no exception. The supply chain and transportation of the hospitals and other healthcare centers witnessed a disruption. The infection imposed the population to stay indoors, which had a severe impact on manufacturing, transportation, and other industries. Whereas the pandemic also had a positive impact on a few markets. The market experienced an increase as it was used by researchers to understand the COVID virus and to develop antidotes, vaccines, therapies, and diagnostic tools to cure the disease. The mass spectrometry coupled with liquid chromatography was used for quantifying remedesivir in the COVID-19 patient’s blood. Thus, the pandemic had a positive impact on chromatography paper market growth.
LATEST TRENDS
"Increasing Product Demand from Various Sectors to Drive Market Growth"
The chromatography paper is mainly used by research and educational institutions. It is used in the industries for studying the ripening and fermentation process. It is also used in checking the purity of pharmaceuticals and inspecting cosmetics. This paper helps in the detection of adulterants and contaminants in foods and drinks. Additionally, the market is expected to experience significant growth due to higher product demand from the research industries. The chromatography paper is used in testing forensics, pharmaceuticals production and development, quality control, beverage testing, and other manufacturing industries. These factors altogether are projected to aid growth in the market.
CHROMATOGRAPHY PAPER MARKET SEGMENTATION
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- By Type Analysis
By type, the market is segmented into under 0.25mm, 0.25mm-0.4mm, and over 0.4mm.
- By Application Analysis
Based on application, the market is classified into education and research.
The education sector is forecasted to dominate the market owing to the use of the product in school laboratories. Additionally, it gained popularity due to its low cost and easy availability. It is used in colleges, schools, and universities to explain the concept of mixture separation.
DRIVING FACTORS
"Accelerated Popularity of Advanced products to Aid Growth"
The rising popularity of hyphenated chromatography techniques such as GC-MS, LC-FTIR, LC-MS, and LC-NMR are expected to foster the chromatography paper market growth. Hyphenated chromatography is a method that produces approximately pure chemical fractions in the mixture. This technique combines quantification and power of separation for in-depth analysis to solve complex problems. Hyphenated chromatography includes benefits such as improved sample throughput, faster analysis, and reproducibility with a higher automation degree.
"Various Advantages of the Product to Foster Product Demand"
The chromatography paper market is expected to grow due to its simplicity, hassle-free, and unattended operations. It is applied specifically in analyzing chemical compounds and lipid samples. It separates the mixture in minimum time, does not require a massive amount of samples, and can start the process in a low amount of samples. It helps in identifying organic and inorganic compounds both. Additionally, it occupies less space than other chromatography techniques. Moreover, it is a cost-effective method. These factors are expected to boost market growth.
RESTRAINING FACTORS
"High Cost and Presence of Alternatives to Impede the Market Growth"
The chromatography paper and other equipment used in the chromatography process cost high, which is forecasted to retard market growth. The availability of cheap alternatives is likely to affect the market. The consumer may prefer buying cheap alternative products considering the high cost of the chromatography paper, which may retard the market growth. Additionally, the need for highly skilled professionals may also affect the sales of the product. Moreover, the presence of alternative technologies such as high-resolution ultrafiltration, aqueous two-phase extraction, capillary electrophoresis, three-phase partitioning, membrane chromatography, and monoliths are expected to be a potential restraining factor for the market growth.
CHROMATOGRAPHY PAPER MARKET REGIONAL INSIGHTS
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"North America to Lead the Market Due to Surge in Demand for the Product"
North America is projected to hold maximum contribution in the chromatography paper market share attributable to the accelerating demand for the product from the research institutes and colleges in the region.
Latin America is forecasted to show significant growth owing to the rising investment by a private organizations and the government in research and development activities.
Europe is estimated to be the third-largest region that holds chromatography paper market share due to rising product demand from educational institutes, colleges, and universities.
KEY INDUSTRY PLAYERS
"Key Players to Focus on Acquisitions and Mergers to Gain a Competitive Advantage"
Key companies are engaging in developing robust strategies to gain market share. The market is fragmented and has various players. The leading market players focus on emphasizing their products by developing new technologies. The players are developing new products to gain mergers and collaborations in the global market. Moreover, the companies are striving to take over the regional market to grow in the global market in the foreseeable future. The companies are acquiring other companies to gain considerable market growth.
Moreover, new strategies are adopted by the major companies to enhance their product portfolio. The launch of new services is expected to strengthen the company’s portfolio. Furthermore, the companies are adopting organic and inorganic strategies to grow consistently.
List of Market Players Profiled
- GE (U.S.)
- Ahlstrom (Finland)
- Macherey Nagel (Germany)
- Advantec (Taiwan)
- Miles Scientific (U.S.)
- Hahnemuehle (Germany)
REPORT COVERAGE
The report represents an all-inclusive market report that includes:
- Key players and their recent development.
- Factors projected to aid market growth.
- The impact of COVID-19 is also represented in the report.
- Regions are anticipated to lead the global market.
- Factors that may limit the growth of the market.
- The latest trends are also included in the report.
- Segmentation of the market on the basis of application and type.
The report includes a verified projection of the market to help competitors gain better insights into the market
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 13 Million in 2022 |
Market Size Value By |
US$ 17.79 Million by 2031 |
Growth Rate |
CAGR of 3.6% from 2022 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Types & Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the chromatography paper market expected to touch by 2031?
Based on our research, the chromatography paper market is projected to touch USD 17.79 million by 2031.
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What CAGR is the chromatography paper market expected to exhibit by 2031?
The chromatography paper market is expected to exhibit a CAGR of 3.6% by 2031.
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What are the segments of the chromatography paper market?
By type, the chromatography paper market is segmented into under 0.25mm, 0.25 mm-0.4 mm, and over 0.4mm. Based on application, the market is classified into education and research.
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Which are the driving factors of the chromatography paper market?
Accelerated popularity of advanced product to aid growth and various advantages of the product to foster product demand are the factors driving the chromatography paper market
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Which are the top companies operating in the chromatography paper market?
GE, Ahlstrom, Macherey Nagel, Advantec, Miles Scientific, and Hahnemuehle are the top companies operating in the chromatography paper market