WELLESLEY, MA, March 24, 2008 -- According to a new technical market research report, Reagents For Chromatography (MST034C) from BCC Research, the U.S. market for reagents for chromatography was worth $2.9 billion in 2007. This is expected to increase to $5.2 billion by 2012, a compound average annual growth rate (CAGR) of 12.6%.
The market is broken down into applications of gas chromatography, liquid chromatography, affinity, size exclusion and ion exchange chromatography, supercritical fluid chromatography and capillary electrophoresis. Gas chromatography reagents are the main driving force for the growth of chromatography reagents market. Valued at $690.2 million in 2007, this segment is expected to reach $1.9 billion by 2012, for a CAGR of 22.9%.
Another strong segment, affinity, size exclusion and ion exchange chromatography, is slated for a CAGR of 9.0% over the next five years. The segment reached $998.4 million in 2007 and is expected to increase to $1.5 billion by 2012.
The increased use in life sciences applications is the main cause for the majority of the growth in the liquid chromatography market. This segment was worth $1.0 billion in 2007 and should reach $1.5 billion by the end of 2012, for a CAGR of 7.1%.
The chromatography reagents market is directly related to the growth of the chromatography market, and the chromatography market continues to expand, especially as global economic conditions strengthen.
Pharmaceutical and biotech industries are the major consumers of chromatography reagents. Moreover, the enhanced need for biopharmaceuticals is encouraging the use of chromatography reagents in the biotechnology sector for protein analysis. The growth in life sciences applications in both research and quality control certainly also has had positive effect on the chromatography market.
BCC Research (Wellesley, MA) is a leading publisher of market research reports and technical publications.