The Report “Asia Chromatography Solvents Market, By Type (Polar, Non-Polar), By Grade (LCMS. HPLC, UHPLC), By Application (Analytical, Preparative, Chromatography), By End User –Forecasts till 2020” is expected to reach USD 786.2 million by 2020, at a CAGR of 13.5% during the forecast period of 2015 to 2020.
Browse through the TOC of the Asia Chromatography Solvents Market for an analysis of industry trends and segments, with the help of various tables and figures.
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The market, in terms of solvent type, has been segmented into polar solvents and non-polar solvents. The polar solvents segment accounted for the major share the market. The market is further segmented based on solvent grade into LCMS grade, HPLC grade, and UHPLC grade. HPLC grade segment held the largest market share in 2014, followed by LCMS grade segment. By application, the market is segmented into analytical and preparative chromatography. The major end users of the market are pharmaceutical & biotechnology industry; academic, research & government institutes; food & beverage industry; and cosmetics industry. By geography, the following major Asian countries are evaluated: Japan, China, India, Republic of Korea, Singapore, Indonesia, Malaysia, and Vietnam. Japan claimed the largest market share of more than 30% of this regional market.
High prevalence of lifestyle oriented diseases, coupled with aging population, has led to an increased demand of medication from pharmaceutical & biotechnology sector. This has promoted the growth of chromatography solvents in this sector. Improving economy has also resulted in increased healthcare expenses; for instance Singapore is expected to raise the healthcare spending by 8.9% from 2014 to 2018.
Several governments in the Asian countries have also been promoting industrialization, which has attracted major pharmaceutical companies to open thein manufacturing and research & development units in Asia. This trend has also propelled the demand for chromatography solvents. On the other hand, factors such as increasing price of solvents and newer equipment with less solvent requirements may hinder the growth of the Asian chromatography solvents market.
The key players operating in Asian market are EMD Millipore (U.S.), Sigma-Aldrich Corporation (U.S.), Avantor Performance (U.S.), Tedia Company (Japan), Thermo-Fisher Scientific (U.S.), and VWR International (U.S.). There are also a number of local players operating in this market such as Qualikem Fine Chem Pvt. Ltd. (India).
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