Glutathione Resin Market

Glutathione Resin Market Size US$ 877.46 Million by 2030

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The global Glutathione Resin market size is expected to be worth around US$ 877.46 million by 2030, according to a new report by Vision Research Reports.

The global Glutathione Resin market size was valued at US$ 450.60 Mn in 2020 and is anticipated to grow at a CAGR of 10.4% during forecast period 2021 to 2030.

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Growth Factors

The market is majorly driven by the rising product demand on account of the rapid expansion of pharmaceutical industries and vaccine production.

Glutathione is widely used across numerous applications, such as cosmetics and owing to its beneficial properties. The product is one of the majorly used skin whitening agents in the cosmetic industry. Nowadays, skin whitening agents, either intravenous, oral, or topical, are widely available in the markets. Thus, the demand for glutathione is expected to increase over the forecast period, specifically in the cosmetic industry.

The growing investments for the development of structure-based drugs and technological advancements by both public and private research organizations are driving the demand for protein purification, in turn, making the protein purification application the dominant application segment and driving the product demand. 

Report Highlights

The protein purification application segment dominated the market with a revenue share of over 51% in 2020. This high share was attributed to the increased demand for protein extraction from complex mixtures and increased research in biotechnological & pharmaceutical fields. Companies have developed protein purification technologies to develop COVID-19 vaccines.

Asia Pacific accounted for the highest revenue share of more than 51% in 2020 and is anticipated to grow at the fastest CAGR of more than 10% over the forecast period. This share is attributed to the growing government support for domestic manufacturing, which is likely to boost the production levels and reduce the dependence on imports in the Asia Pacific region, thereby offering lucrative opportunities to global manufacturers.

Key Players

  • Merck kGaA
  • Bio-Rad Laboratories, Inc.
  • Thermo Fisher Scientific, Inc.
  • Cytiva
  • Takara Bio, Inc.
  • Mitsubishi Corporation Life Sciences Ltd.
Report Coverage Details
Market Size US$ 877.46 million by 2030
Growth Rate CAGR of 10.4% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Merck KGaA; Thermo Fisher Scientific Inc.; Cytiva; Bio-Rad Laboratories, Inc.; Takara Bio Inc.; Mitsubishi Corporation Life Sciences Ltd.

Market Segmentation

  • Application
    • Protein Purification
    • Immunoprecipitation (IP)
    • Research
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
    • Central & South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa

Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

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