Global Gas Chromatography Market : Growing demand for chromatography instruments in emerging markets
(EMAILWIRE.COM, January 16, 2021 ) The global gas chromatography (GC) market study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, key players, competitive landscape, key market dynamics, and key strategies.
Major Growth Drivers:
The growth in this market is driven by the increasing adoption of GC-MS, rising crude & shale oil production, increasing importance of wastewater treatment, rising food safety concerns, and growing use of chromatography tests in the drug approval process. However, the high cost of GC equipment, geopolitical issues prevailing in some countries, and shortage of skilled professionals are expected to restrain the growth of this market during the forecast period.
Expected Revenue Growth:
The global GC market size is projected to reach USD 3.5 billion by 2025 from USD 2.8 billion in 2020, at a CAGR of 4.1%.
Accessories to Fuel the Growth of GC market :
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology & innovation directors, and related key executives from various key companies and organizations operating in the GC market. The primary sources from the demand side included industry experts, purchase & sales managers, doctors, and personnel from research organizations.
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Adoption of GC systems is expected to increase during the forecast period.
The systems segment of the GC instruments market is expected to account for the highest growth due to factors such increased capability to analyze complex compounds.
The columns segment will grow at the highest rate during the forecast period.
On the basis of accessories and consumables, the GC market is divided into columns, columns accessories, autosampler accessories, flow management accessories, consumables & accessories, fittings & tubing, pressure regulators, gas generators, and other accessories. The columns segment is estimated to account for the largest share in the global Gas chromatography market. The large share of this segment can primarily be attributed to factors such as improved gas chromatography columns for the petroleum industry.
Oil and Gas is expected to rise in the forecast period in the end user segment.
The Oil and Gas industry is growing at a CAGR of 4.1% in the end user market of GC. The growth is mainly attributed toincreasing crude & shale oil production and improved gas chromatography columns for the petroleum industry
The market in North America is projected to witness the highest growth rate during the forecast period (20202025).
North America is expected to account for the largest share of the global GC market. Market growth in this region is driven primarily by the increase in R&D funding, cannabis research, market for shale oil and gas, and food and agricultural industry. On the other hand, the Asia Pacific is projected to have the highest growth rate during the forecast period. The high growth rate of the region can be attributed to factors such as extensive sales of generics in Japan and the growth in the pharma and biotech sectors in India and China.
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Key Market Players
The GC market is well established due to dominance of prominent market players such as Agilent Technologies, Inc. (US), Thermo Fisher Scientific, Inc. (US), Shimadzu Corporation (Japan), PerkinElmer, Inc. (US), Restek Corporation (US), Dani Instruments S.P.A. (Italy), Chromatotec (France), Merck KGAA (Germany), Leco Corporation (US), Scion Instruments (US), Phenomenex (US), GL Sciences(Japan), OI Analytical (US), Valco Company Instruments Inc.(US), Centurion Scientific (India), SRI Instruments (US), Skyray Instruments(US), E ChromTech Co. Ltd. (Taiwan), Trajan Scientific (Australia), and Falcon Analytical (US).
MarketsandMarkets
Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com
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