The global gas chromatography market, which employs a sophisticated separation technique based on differences in boiling points and polarity, achieved a valuation of $1.7 billion in 2021. It is now poised for substantial growth, projected to reach $3.2 billion by 2031, with a compound annual growth rate (CAGR) of 6.1% from 2022 to 2031.
Gas chromatography (GC) is renowned for its ability to effectively separate complex mixtures of organic compounds by selectively partitioning them between a stationary phase and a mobile phase within a column, followed by the sequential elution of individual components. This technique is particularly suitable for compounds with high volatility, thermal stability, and low molecular weights.
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Several factors contribute to the expansion of the gas chromatography market, including increased utilization across diverse sectors such as pharmaceuticals, chemicals, food production, environmental testing, and forensic science. Additionally, the adoption of gas chromatography techniques in drug discovery processes is on the rise. The growing popularity of hyphenated chromatography techniques like GC-MS further fuels market growth. However, the high cost of gas chromatography equipment and a shortage of skilled operators may impede progress. On the bright side, advancements in gas chromatography columns for petrochemical applications present new opportunities within the market.
The outbreak of COVID-19 had a significant impact on various industries worldwide, including healthcare. This led to short-term negative growth in the gas chromatography industry in 2020 due to reduced demand from major end-users, limited operational capacity in many sectors, financial constraints faced by research institutes, temporary closures of academic institutions, disrupted supply chains, and difficulties in providing essential post-sales services. Nevertheless, the pandemic is not expected to have lasting effects on the core drivers of gas chromatography product market growth.
With numerous pharmaceutical and biopharmaceutical companies dedicating their efforts to combatting the pandemic through new drug development, the gas chromatography market is poised for considerable growth in the foreseeable future. Researchers have utilized chromatography extensively to understand the Sars-CoV-2 virus and develop therapies, vaccines, and diagnostic tools. For example, studies have employed gas chromatography-mass spectrometry for COVID-19 diagnosis by analyzing exhaled breath and gas chromatography-ion mobility spectrometry for breath analysis, both of which contribute positively to the gas chromatography market’s growth during the pandemic.
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Gas Chromatography Market Segmentation:
The gas chromatography market is segmented based on product, end user, and region to provide a comprehensive analysis:
1. Product: The market comprises instruments and consumables & accessories. Instruments are further categorized into systems, detectors, autosamplers, and fraction collectors. Consumables & accessories encompass columns, accessories, fittings & tubing, auto-sampler accessories, flow management & pressure regulator accessories, as well as other components like pressure regulators, gas generators, and gas purifiers.
2. End User: Segmentation includes pharmaceutical & biotechnology companies, academic & research institutes, food & beverage companies, and others such as oil & gas companies, environmental agencies, and life sciences firms. In 2021, pharmaceutical & biotechnology companies held the largest market share and are expected to maintain their dominance due to increased application of gas chromatography techniques.
3. Region: The market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Consumables & accessories dominated the global gas chromatography market in 2021, primarily due to their limited durability and growing adoption for various applications in the pharmaceutical industry. On the other hand, pharmaceutical & biotechnology companies held the largest market share and are expected to continue leading, given their extensive use of gas chromatography for research and development purposes.
North America led the global gas chromatography market in 2021, owing to the presence of major biopharmaceutical and pharmaceutical companies in the United States. The region’s adoption of gas chromatography techniques for drug discovery and approval further contributed to its market leadership.
Snapshot of the Asia-Pacific Gas Chromatography Market:
The Asia-Pacific region offers lucrative opportunities for key market players. It is poised for the fastest growth rate in the gas chromatography market due to expanding healthcare infrastructure, rising disposable incomes, and the strong presence of domestic companies. Investments in biomedical industries in Asia-Pacific also play a pivotal role in driving market growth.
Key Market Players:
Notable companies in the gas chromatography market include Agilent Technologies, Bruker Corporation, Danaher Corporation (Phenomenex), Merck KGAA, PerkinElmer, Inc., Restek Corporation, Shimadzu Corporation, Thermo Fisher Scientific, Inc., Leco Corporation, and SRI Instrument.
Key Benefits for Stakeholders:
– Quantitative analysis of market segments, current trends, and estimations from 2021 to 2031.
– Identification of prevailing market opportunities.
– Analysis of key drivers, restraints, and opportunities.
– Porter’s five forces analysis to assess buyer and supplier dynamics.
– In-depth analysis of market segmentation to identify opportunities.
– Mapping of major countries in each region according to their revenue contribution.
– Market player positioning for benchmarking and understanding the market landscape.
– Comprehensive insights into global and regional gas chromatography market trends, key players, market segments, application areas, and growth strategies.
This comprehensive report equips stakeholders with valuable insights into the evolving gas chromatography market and its growth prospects.
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Table of Contents with Major Points:
- Key Findings
- Definitions and Assumptions
- Definition of Gas Chromatography Market
- Market Dynamics
- Trends and Developments
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Gas Chromatography Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Data Sources
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