According to MRFR analysis, the global ion chromatography market was valued at USD 2.1 Billion in 2022. The Ion Chromatography market Technique is projected to grow from USD 2.3 Billion in 2023 to USD 4.4 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.51% during the forecast period (2023 - 2032).
The market growth is driven by increased drug analysis and food safety concerns in the pharmaceutical sector, as well as technological advancements and product innovations in the ion chromatography instruments.
Some of the major companies in the ion chromatography market are Bio-Rad Laboratories Inc, Metrohm AG, Agilent Technologies Inc, Danaher Corporation (Cytiva), Mitsubishi Chemical Corporation.
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The prominent players are involved in new product development & launches and organic and inorganic strategies such as agreements, mergers & acquisitions, joint ventures, collaborations, partnerships, and regional expansions to sustain their market positions. For instance, in September 2018, Showa Denko (SDK) (Tokyo) developed a new type of ShodexTM high-performance liquid chromatography (HPLC) column. The "IC SI-36 4D" HPLC column for ion chromatography was launched to analyze anions, which are compatible with hydroxide eluents. Such innovation by the company in the ion chromatography market is another propelling factor for the market growth.
The Ion Chromatography Market is a burgeoning sector within the analytical instrumentation industry, characterized by the growing demand for precise ion analysis in various fields, including environmental monitoring, pharmaceuticals, food and beverage, and research applications. This market's expansion is primarily driven by increasing environmental concerns, stringent regulations governing water quality, and the need for accurate pharmaceutical formulation. Technological advancements have led to the development of high-performance ion chromatography systems, enhancing sensitivity and efficiency. Moreover, the shift towards automation and the integration of data analytics tools are further propelling market growth. As industries continue to prioritize quality control and research, the Ion Chromatography Market is poised for steady expansion in the coming years.
Key Players
Some of the key players in the global ion chromatography market are Thermo Fisher Scientific (US), Metrohm (Switzerland), Tosoh Bioscience (Japan), Shimadzu (Japan), Qingdao Shenghan Chromatograph Technology Co., Ltd (China), MembraPure GmbH (Germany), Nittoseiko Analytech Co., Ltd (Japan), Qingdao Puren Instrument (China), East & West Analytical Instruments (China), Qingdao Luhai (China), Sykam (Germany), and Cecil Instruments (UK), among others.
Segmentation
The global ion chromatography market has been segmented by technique and application.
By technique, the market is segmented into ion-exchange chromatography, ion-exclusion chromatography, and ion-pair chromatography. The ion-exchange chromatography segment held the major share in 2020, owing to the wide range of ion chromatography techniques in various applications such as environmental testing, wastewater analysis, etc. According to a 2017 Separations article, ion chromatography has been accepted worldwide as a reference method for evaluating anions and cations in wastewater management as it enables the replacement of several individual wet chemistry methods for common ions with one instrumental technique. Ion chromatography was widely accepted by many other organizations, such as ASTM and USEPA, as a reference method for water and wastewater analysis.
On the basis of application type, the market has been segmented into environmental testing, pharmaceutical industry, food industry, chemicals industry, and others. The pharmaceutical industry held the largest market share in 2020 due to rising investment by pharmaceutical companies in R&D and the adoption of chromatographic techniques in the pharmaceutical industry.
Regional Analysis
Based on region, North America is projected to dominate the global ion chromatography market in 2020. Factors such as the presence of many centers and institutes engaged in the R&D of advanced therapies and increasing use of ion chromatography for applications such as environmental monitoring, food testing, and others. In addition, the presence of regulatory standards in this region is another driving factor for the market growth. For instance, the United States Pharmacopeia (USP) is a non-government not-for-profit organization involved in setting up standards for the use of ion chromatography in pharmaceutical applications.
Europe is expected to hold the second-largest position in the global ion chromatography market in 2020. The key factor attributing to the market growth is the increasing R&D spending to enhance research activities. For instance, in 2018, a report published in Eurostat stated that R&D investment in the EU increased from 2.07 to 2.11%of GDP.
Asia-Pacific is anticipated to be the fastest-growing regional market over the assessment period due to the low cost of ion chromatography instruments by suppliers along with high demand from pharmaceuticals, biotechnology, and environmental laboratory customers. Furthermore, the market growth in the Rest of the World is due to the rising penetration of advanced healthcare technologies in research organizations focused on adopting ion chromatography in countries such as Saudi Arabia and the UAE. Developing Latin American countries such as Argentina, Brazil, and Colombia are also key contributors to the growth of the market.
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