Gas chromatography is a powerful technique used to analyze and separate chemical compounds. It is used in a wide range of industries, including petrochemical, food, pharmaceutical, and environmental. According to the new market research report "Gas Chromatography Market by Instrument (Systems, Detectors), Accessories and Consumables (Columns, Column Accessories, Pressure Regulators, Gas Generators), End-User (Oil Gas Industry, Environmental Agencies, Pharma Biotech), and Region – Global Forecast to 2025", published by MarketsandMarkets™, the Gas Chromatography Market is projected to reach USD 3.5 billion by 2025 from USD 2.8 billion in 2020, at a CAGR of 4.1%.
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The growth of the gas chromatography market is driven by several factors, including increasing demand for gas chromatography in the food and beverage industry for quality control and assurance, growing demand for gas chromatography in the pharmaceutical and biotechnological sectors for drug development, and increasing use of gas chromatography in the environmental sector for identifying and analyzing hazardous substances.
Additionally, the rising demand for gas chromatography in the petrochemical industry for the analysis of petroleum-based products and the increasing adoption of gas chromatography in the academic sector are expected to drive the growth of the gas chromatography market. The increasing use of gas chromatography in the military and defense sector is also projected to contribute to the growth of the gas chromatography market.
However, the high cost of gas chromatography instruments and the lack of skilled personnel are some of the factors that are expected to restrain the growth of the gas chromatography market.
North America will dominate the GC market during the forecast period.
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 RD funding, cannabis research, market for shale oil and gas, and food and agricultural industry. On the other hand, 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 generics in Japan and the development in the pharma and biotech sectors in India and China.
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Key Market Players
The major players in the gas chromatography market are Agilent Technologies, Inc. (US), ThermoFisher 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).
Key questions answered in this report
- COVID 19 impact analysis on global Gas Chromatography industry.
- What are the current market trends and dynamics in the Gas Chromatography market and valuable opportunities for emerging players?
- What is driving Gas Chromatography market?
- What are the key challenges to market growth?
- Which segment accounts for the fastest CAGR during the forecast period?
- Which product type segment holds a larger market share and why?
- Are low and middle-income economies investing in the Gas Chromatography market?
- Key growth pockets on the basis of regions, types, applications, and end-users
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East Africa?
Unique data points of this report
- Statistics on Gas Chromatography and spending worldwide
- Recent trends across different regions in terms of adoption of Gas Chromatography across industries
- Notable developments going on in the industry
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2021 (actual) and 2027 (forecast)
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