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Chromatography Market size is set to grow by USD 3.99 billion from 2024-2028, Increasing number of conferences and symposiums to boost the market growth, Technavio

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NEW YORK, Aug. 14, 2024 /PRNewswire/ — The global chromatography market  size is estimated to grow by USD 3.99 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 6.78%  during the forecast period.  Increasing number of conferences and symposiums is driving market growth, with a trend towards technological advances. However, high costs and lack of skilled technicians  poses a challenge. Key market players include Agilent Technologies Inc., Bio Rad Laboratories Inc., Centurion Scientific, Danaher Corp., Hamilton Co., Hitachi Ltd., Merck KGaA, Perkin Elmer Inc., Regis Technologies Inc., Restek Corp., Sartorius AG, Scientific Repair Inc., SCION Instruments NL BV, Shimadzu Corp., Siemens AG, Thermo Fisher Scientific Inc., Tosoh Corp., Valco Instruments Co. Inc., Waters Corp., and ZirChrom Separations Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Technology (Liquid chromatography, Gas chromatography, Ion-exchange chromatography, and Others), End-user (PBC, RFAI, and Others), and Geography (North America, Europe, Asia, and Rest of World (ROW))

Region Covered

North America, Europe, Asia, and Rest of World (ROW)

Key companies profiled

Agilent Technologies Inc., Bio Rad Laboratories Inc., Centurion Scientific, Danaher Corp., Hamilton Co., Hitachi Ltd., Merck KGaA, Perkin Elmer Inc., Regis Technologies Inc., Restek Corp., Sartorius AG, Scientific Repair Inc., SCION Instruments NL BV, Shimadzu Corp., Siemens AG, Thermo Fisher Scientific Inc., Tosoh Corp., Valco Instruments Co. Inc., Waters Corp., and ZirChrom Separations Inc.

Key Market Trends Fueling Growth

The chromatography market is experiencing significant growth due to the increasing demand for advanced and automated systems. These systems offer improved accuracy, efficiency, and lower costs, making them essential for sectors like biotechnology and pharmaceuticals. Automated chromatography technologies have revolutionized research centers by enabling advancements in cancer research, drug screening, and cytotoxicity testing. In response to this trend, vendors are introducing fully automated molecular platforms, such as Thermo Fisher’s Vanquish Horizon UHPLC System and Shimadzu’s Nexis GC-2030, which offer high sample capacity, industry-leading performance, and customizable workflows. Thermo Fisher’s 2021 Chromatography Innovation Series is another example of cutting-edge technology designed to address complex analytical challenges. These product offerings are driving sales and high-volume production, contributing to the growth of the global chromatography market. 

Chromatography market trends include advancements in healthcare, automation, sample handling, efficiency, and throughput in laboratories. Chromatography instruments are evolving with technological innovations in differential partitioning using both liquid and gas phases. Stationary phases and mobile phases are becoming more compact and portable, enabling on-site analysis and point-of-care testing. Miniaturization and microfluidic technologies are enhancing sensitivity and capabilities of analytical instruments. Column technologies offer higher resolution, and compact, portable chromatography systems cater to various industries, including pharmaceutical, food, and environmental. Regulatory standards require efficient sample processing and rapid separations. The market comprises various components, such as chromatography equipment, gas supplies, columns, and consumables. 

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Market Challenges

Chromatography is a widely used separation technique in various industries, including biotechnology, pharmaceutical, chemical, cosmetic, food and beverage, and environmental testing. It is essential for isolating, purifying, and analyzing molecules from complex compounds. However, the implementation of chromatography systems comes with significant capital expenditures and the requirement of skilled laboratory technicians. For instance, gas chromatography (GC) is a crucial technique for chemical compound separation and analysis. Benchtop GC systems are heavy, power-intensive, and expensive, making them a challenge for small players and research laboratories. Portable GC systems are an alternative, but affordability remains a concern. Similarly, High-Performance Liquid Chromatography (HPLC) is a dominant technology in drug analysis laboratories worldwide. However, the high cost of these systems and the need for specialized training pose challenges. For example, Agilent Technologies’ Agilent 1290 UHPLC Infinity DAD System is priced at USD39,500, while the Agilent 1200 Preparative HPLC System is priced at USD39,000. Thermo Fisher’s UltiMate 3000 is priced at USD23,000, Waters corporation’s 2695 HPLC Separations Module (ELS 2420) System is priced at USD14,900, and the Waters Alliance 2790 HPLC Separations Module with 996 PDA Detector is priced at USD11,999. The high cost of chromatography systems will restrict the growth of the global chromatography market during the forecast period.

The Chromatography Market faces several challenges in various industries, including the petrochemical sector and the petroleum industry. Gas chromatography columns are essential for analyzing complex mixtures, but their manufacturing cost and volume can be high. In protein therapeutics, column chromatography plays a crucial role in purification, but equilibration, wash, elution, regeneration, and sanitization processes require careful optimization. In biopharmaceuticals, manufacturing cost and volume are key concerns, along with the need for automated sample handling, data processing, and stringent quality standards. Alternative techniques, such as antibody-based chromatography, are being explored to reduce costs and improve analytical performance. Prepacked columns, autosampler accessories, flow management accessories, solvents/reagents/adsorbents, detectors, and mobile phase accessories are essential column accessories. Pressure regulators, fraction collectors, and prepacked columns are vital for efficient chromatography in various applications, including proteomics, metabolomics, drug development, and quality control. The market for chromatography is vast and diverse, encompassing applications in pharmaceuticals, biotechnology, and environmental science. Chromatography’s ability to analyze new drugs, biologics, monoclonal antibodies, vaccines, and other complex molecules continues to drive innovation and growth in this field.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This chromatography market report extensively covers market segmentation by

Technology 1.1 Liquid chromatography1.2 Gas chromatography1.3 Ion-exchange chromatography1.4 OthersEnd-user 2.1 PBC2.2 RFAI2.3 OthersGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Liquid chromatography-  The liquid chromatography segment dominated the global chromatography market in 2023, driven by its extensive applications in various industries. This analytical technique is crucial for separating, identifying, and quantifying small molecules in mixtures. The pharmaceutical sector is a significant adopter of liquid chromatography systems due to their use in analyzing raw materials for novel drug development, purifying drug components, and isolating proteins like insulin, plasma fractionation, and enzymes. Liquid chromatography also plays a pivotal role in DNA fingerprinting and bioinformatics. Manufacturers like Agilent Technologies offer advanced liquid chromatography systems, such as the Agilent 1290 Infinity II LC System, which features multi-wash capabilities for detecting complex compounds. Agilent’s recent introduction of the Agilent 6495D LC/TQ and the Agilent Revident LC/Q-TOF further strengthens their product portfolio. Institutions, such as the Academy of Applied Pharmaceutical Sciences (AAPS) in Canada, provide training on liquid chromatography techniques, making graduates eligible for employment in various sectors like pharmaceuticals, biopharmaceuticals, food, chemical, environmental, healthcare, and clinical research. The availability of training programs and certifications, including HPLC – Intermediate and HPLC – Advanced Method Validation and Technology Transfer, increases awareness and adoption of liquid chromatography products, fueling the market’s growth. These factors are expected to drive the growth of the liquid chromatography market during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The Global Gas Chromatography Market is experiencing robust growth, driven by advancements in pharmaceutical and biotechnology industries. This market is expected to expand significantly due to increased demand for precise and efficient analytical techniques. Similarly, the Global Affinity Chromatography Reagents Market is growing rapidly, fueled by rising research activities in drug discovery and development. The adoption of affinity chromatography in biopharmaceuticals is enhancing the market’s potential, making it a crucial component in the purification and analysis of biomolecules.

Research Analysis

Chromatography is a versatile analytical technique used to separate, identify, and quantify components in complex mixtures. Liquid chromatography (LC), a type of chromatography, includes variations such as high-pressure LC (HPLC), ultra-pressure LC (UPLC), flash chromatography, ion-exchange chromatography, partition chromatography, and size exclusion chromatography. These techniques find extensive applications in Pharmaceutical R&D for purifying drugs and investigating their mechanisms of action. In the Food industry, they ensure food safety by detecting contaminants. Gas chromatography (GC), another chromatographic method, is essential in the Oil & gas industry for petrochemical applications and the Petroleum industry. Environmental pollution monitoring also benefits from chromatography. Capillary columns and small- & medium-sized companies, academic institutions, and even alternative techniques contribute to the market’s growth. Column chromatography’s analytical performance depends on factors like equilibration, wash, elution, regeneration, and sanitization. Protein therapeutics and antibodies are significant areas of interest. The market faces challenges in manufacturing cost and volume. Different chromatographic techniques cater to various industries, with GC columns for volatile compounds and LC columns for non-volatile ones.

Market Research Overview

Chromatography is a powerful analytical technique used for separating, identifying, and quantifying compounds based on their physical or chemical properties. Liquid chromatography (LC), a type of chromatography, includes sub-techniques such as high-pressure LC (HPLC), ultra-pressure LC (UPLC), flash chromatography, ion-exchange chromatography, partition chromatography, and size exclusion chromatography. These techniques find extensive applications in various industries, including Pharmaceutical R&D for purifying biologics like protein therapeutics, monoclonal antibodies, and vaccines; food safety concerns; oil & gas industry for petrochemical applications and petroleum industry; and environmental pollution control. Capillary columns, gas chromatography (GC), and GC columns are other essential components of chromatography. Small- & medium-sized companies and academic institutions also contribute significantly to the market. Technological advancements in column chromatography, equilibration, wash, elution, regeneration, sanitization, and alternative techniques have led to improved analytical performance, chromatographic efficiency, and sensitivity. Chromatography is used in various fields, including drug development, quality control, testing, new drugs, stringent quality standards, and biotechnology. It is also applied in environmental science, healthcare, automation, sample handling, proteomics, metabolomics, and other areas. Chromatography instruments, column accessories, autosampler, autosampler accessories, flow management accessories, solvents/reagents/adsorbents, detectors, mobile phase accessories, fraction collectors, pressure regulators, prepacked columns, and empty columns are essential components of chromatography systems.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyLiquid ChromatographyGas ChromatographyIon-exchange ChromatographyOthersEnd-userPBCRFAIOthersGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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In Turfan, Xinjiang, China’s first commercially operated microgrid has generated nearly 100 million kWh of electricity

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TURFAN, China, Nov. 15, 2024 /PRNewswire/ — On November 13, the Turfan New Energy City Microgrid Demonstration Project, China’s first commercially operated microgrid demonstration project, generated nearly 100 million kWh of electricity, equivalent to saving 29,000 tons of standard coal and reducing carbon dioxide emissions by 77,600 tons.

A microgrid refers to a small-scale power generation and distribution system organized by distributed power sources, power loads, distribution facilities, monitoring and protection devices, etc., which can realize flexible control and autonomous management. Since the end of 2013, the project had been the largest and most comprehensive solar energy utilization and building integration project in China up to that time, with 8.7 MW of photovoltaic power installed on the roofs of 223 residential buildings, generating an annual power capacity of about 10 million kWh.

To promote the physical operation of the project, the State Grid Turfan Power Supply Company invested more than 2 million yuan to cooperate in the construction of microgrid infrastructure, fully supporting the online operation of surplus new energy power generation, promoting the comprehensive utilization of renewable resources in urban buildings, and helping Turfan build a high-quality development demonstration area and a green and low-carbon pilot area.

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SOURCE State Grid Turfan Power Supply Company

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Innovations in Guiyang: Adhering to New Industrialization and Promoting High-End, Intelligent and Green Manufacturing

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GUIYANG, China, Nov. 15, 2024 /PRNewswire/ — A report by Huanqiu.com

The wave of new industrialization in Guiyang is driving the transformation and upgrading of the manufacturing industry in ways like never before. Guiyang is always strategically oriented toward “industrial structure optimization with a focus on industries”, and has made all efforts to develop “four major industrial bases”, highlighting its industrial economy as the “primary driving force” behind development. Especially relying on its policy edge in renewable energy, Guiyang has rapidly emerged as a national new-energy power battery and materials research, development and production center, injecting strong momentum into the city’s economy.

In October 2023, the CATL (Guizhou) New Energy Power and Energy Storage Battery Production Base, located in Gui’an New Area, Guizhou Province, was put into production. The first phase of the base boasts cutting-edge design standards, characterized by “lighthouse + zero carbon factory”. The high-standard facility employs advanced, high-speed, highly automated, and flexible production lines. It is designed to have an annual production capacity of 30 GWh. After the base achieves the designed production capacity, its annual output value is expected to reach 15 billion yuan. According to statistics, the base realized an industrial output value of 618 million yuan in the first half of 2024, and the year’s industrial output value is expected at about 2 billion yuan.

The Chery (Guizhou) industrial base has also yielded unusually brilliant results in the field of new energy vehicles (NEVs), where Chery Automobile’s self-developed “CHEVOO” new-generation light truck KL71 project is undergoing four-pillar car road tests. The advanced pressing, welding, painting and assembly lines, as well as the R&D lab and the all-electric truck production line, together constitute this “digital intelligent” NEV factory. Moreover, the Chery (Guizhou) industrial base has built, extended and strengthened its vehicle manufacturing industry chain so as to master key parts supply chains and reduce development costs.

The Gui’an FinDreams battery project, as an important move of BYD in Guiyang, is also showing its strength in power batteries for NEVs. FinDreams Battery Co., Ltd. at Longshan Industrial Park in Gui’an New Area has four automatic production lines that are operating at high speeds in the workshop, which produce “blade batteries” which are well-known both in and out of the industry. According to reports, 300 battery packs and 40,000 cells can be produced per day.

Guiyang’s “four bases” – a new energy vehicles and battery materials production base, a resource deep-processing base, a computing power assurance base, and an industrial backup base, contribute greatly to the development of NEV and battery materials industry, electronic information manufacturing industry, and advanced equipment manufacturing industry, etc. Data show that in the first three quarters, the added value of Guiyang’s industrial enterprises above designated size grew by 11%, and the contribution of industrial economy to economic growth reached 39.4%.

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Premialab appointed by Lombard Odier Investment Managers to scale Quantitative Investment Strategies

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Premialab’s technology chosen to enhance QIS scaling, operational efficiency, and risk management.

PARIS, Nov. 15, 2024 /PRNewswire/ — Lombard Odier Investment Managers (LOIM), the institutional asset management business of the Lombard Odier Group, has integrated Premialab‘s industry-leading technology to support the management of their soon-to-be-launched DOM Global Macro strategy. This partnership underscores LOIM’s commitment to onboard innovative strategies in an evolving market landscape.

“Our decision to partner with Premialab is driven by their comprehensive risk management and regulatory compliance expertise,” said Didier Anthamatten, Portfolio Manager at LOIM. “With a strong track record in alternative investments, LOIM remains focused on delivering innovative investment solutions and high-quality returns for our clients. Premialab’s advanced data capabilities are essential in helping us maintain our rigorous standards and provide robust, risk-adjusted performance. Additionally, their platform perfectly matches the DOM Global Macro strategy’s needs, enhancing our risk monitoring capabilities and streamlining portfolio management.”

The DOM Global Macro strategy expects to leverage Premialab’s unique dataset. The full lookthrough across all DOM’s proprietary systematic strategies allows granular risk decomposition and scenario-based analysis at the entire portfolio level. This should help monitoring exposures’ attractiveness, from both time-series and cross-sectional perspectives, and optimizing asset allocation.

Neil Richards, Head of EMEA Business Development at Premialab, said the collaboration with LOIM is a significant addition to Premialab’s growing business in Switzerland and within the wider European markets.

“Institutions such as LOIM, which oversees a substantial portfolio across various asset classes, need continuous monitoring and adjustment to keep their investments on track,” he explained. “Premialab provides the tools for benchmarking and stress testing their systematic investments, ensuring that LOIM’s mandates are effectively managed in terms of cost, risk, and value.”

Premialab CEO Adrien Géliot highlighted that the QIS sector is experiencing rapid growth, driven by institutional investors seeking liquid, transparent, and cost-efficient investment strategies. “Premialab sits at the centre of the QIS landscape, uniquely positioned to aggregate and make sense of the vast and growing universe of data,” he stated. “We are thrilled to be partnering with LOIM to deliver our unique data and risk monitoring capabilities to one of the top global investment firms.”

Premialab’s multi-asset, multi-region platform handles 10 million data points daily. It analyzes over 5,000 investible systematic strategies, with client assets under management totalling approximately USD $20 trillion. Combining the Premialab platform with Premialab Pure Factors®, it provides comprehensive cross-asset quantitative strategy selection and thorough due diligence on strategies available worldwide. Additionally, the platform enhances risk management and reporting capabilities, including expedited and detailed regulatory reporting.

With its unique combination of systematic strategies and discretionary trading, the DOM Global Macro strategy clearly benefits from Premialab’s state-of-the art data analysis capabilities and computational efficiency. The Portfolio and Risk Managers can thus use a shared dataset for risk analysis and performance decomposition, enhancing the portfolio’s robustness and operational efficiency.

About Premialab
Premialab is the leading independent platform that collaborates with leading investment banks and institutional investors globally, providing data, analytics, and risk solutions for systematic, factor, and multi-asset strategies. With offices in London, Paris, New York, Hong Kong, Dubai and Sydney, the company has forged strong partnerships with the top 18 investment banks, asset managers, pension funds, sovereign wealth funds and insurance companies globally.

About Lombard Odier Investment Managers (LOIM)
Lombard Odier Investment Managers (LOIM) is the institutional asset management business of the Lombard Odier Group, wholly owned and funded by its partners since its establishment in 1796.

We provide a range of investment solutions to a diverse group of long-term oriented clients. Our heritage, and our combination of the best of conservatism and innovation, keeps us well positioned to create lasting value for our clients. Our investment capabilities span fixed income, convertible bonds, equities, multi-asset, and alternatives. Sustainability is central to our investment philosophy; we believe it is the founding principle of long-term economic and investment outcomes and will drive returns over the long term.

With over 200 investment professionals, we are a global business with a network of 13 offices across Europe, Asia and North America and have assets under management of CHF 64 billion (as at 31 September 2024).

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