Downstream Processing Market
The Downstream Processing Global Market Report 2023, provides comprehensive information on the downstream processing market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Downstream Processing Global Market Report 2023, the market size is expected to grow from $23.72 billion in 2022 to $27.19 billion in 2023 at a compound annual growth rate (CAGR) of 14.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global downstream processing market size is expected to reach $45.13 billion in 2027 at a CAGR of 13.5%.
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Product innovations are the key trends gaining popularity in the downstream processing market. Major companies operating in the downstream processing market are focused on developing new technological solutions to strengthen their position in the market. For instance, in September 2022, Tosoh Bioscience LLC, a US-based global chemical and specialty materials company, launched the Octave BIO Multi-Column Chromatography (MCC) system, a holistic multi-column chromatography solution for downstream process intensification. It is an advanced multi-column chromatography system for process development and proof of concept that was specifically created for the intensification of biomolecule purification processes. Wide-ranging requirements can be accommodated by the special modular design, which also makes it possible to take advantage of MCC’s resin and buffer cost savings and other real advantages.
The downstream processing market is segmented:
1) By Product: Centrifuges, Dryers, Chromatography Systems, Filters, Evaporators, Other Products
2) By Technique: Purification Techniques, Solid-Liquid Separation, Clarification Or Concentration
3) By Application: Monoclonal Antibody Production, Vaccine Production, Insulin Production, Immunoglobulin Production, Erythropoietin Production, Other Applications
North America was the largest region in the downstream processing market in 2022.
The table of contents in TBRC’s downstream processing market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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