Global Gas Chromatography Market Is Expected To Grow At CAGR Of 4.20% In The Forecast Period Of 2023-2028
The new report by Expert Market Research titled, ‘Gas Chromatography Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global gas chromatography market, assessing the market based on its segments like product, end use and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Gas Chromatography Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Value (2021): USD 2.92 Billion
• Forecast CAGR (2023-2028): 4.20 %
• Forecast Market Volume (2027): USD 3.73 Billion
Increased use of chromatography instrumentation for final production testing in countries like the United States and Canada, stringent government regulations in the food and beverage industry pertaining to food safety, strong foothold of major market players, and increasing government funding for R&D activities in the pharmaceutical and biotechnological industries are driving the gas chromatography market in North America.
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Furthermore, the region’s growing healthcare industry is likely to drive up demand for gas chromatographs for quality assurance, treatment, and diagnostics. Additionally, due to the increasing need for gas chromatography instruments in the petroleum refining process, the rapid expansion of the oil and gas industry in the region is expected to promote market growth.
Gas Chromatography Market Segmentation
Gas chromatography is an analytical technique for analysing volatile compounds in the gas phase. This procedure is carried out with the use of a gas chromatograph, which is an analytical device. A sample of components is dissolved and vapourised in the stationary phase in gas chromatography, depending on its physiochemical properties. Furthermore, gas chromatography systems are widely commercialised and used in a variety of industries and can be used for a variety of analyses.
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Based on product type, the market covers:
• Accessories and Consumables
o Columns and Accessories
o Fittings and Tubing
o Auto-sampler Accessories
o Flow Management and Pressure Regulator Accessories
o Fraction Collectors
• Fraction Collectors
o Analytical Gas Chromatography Reagents
o Bioprocess Gas Chromatography Reagents
Based on end use, the market includes:
The major regional markets include:
• North America
• Latin America
• Middle East and Africa
Gas Chromatography Market Trends
The expanding use of gas chromatography in a variety of end-use sectors is propelling the market forward. In the pharmaceutical sector, gas chromatography is used for residual solvent analysis, and in the food and beverage industry, it is used for component analysis and food safety analysis.
Furthermore, due to the increased demand for material, polymer, additive, and gas purity analysis, gas chromatography systems have become a vital aspect of the chemical industry. Furthermore, a chromatography column in a gas chromatography system can be used in the petroleum refining process to separate components and determine whether they are exiting the system.
The increasing demand for detectors is also expected to boost the instrument segment’s expansion. For instance, owing to its capacity to detect organic compounds and ionised molecules, demand for detectors such as thermal conductivity detectors, flame ionisation detectors, and battery discharge ionisation detectors is expected to be a prominent driving force in the market. Furthermore, the market is expected to benefit from rising demand for high-sensitivity detectors for the detection of organic nitrogen compounds.
Key Market Players
The major players in the market are Agilent Technologies Inc, Shimadzu Corporation, Perkinelmer Inc, Restek Corporation, Leco Corporation, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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