The global gas chromatography market currently enjoys a valuation of US$ 2.1 billion and is projected to reach US$ 3.7 billion by the end of 2032. Increment in gas chromatography machine sales is projected to be recorded at a steady 5.8% CAGR over the next ten years.
The market is driven by the increasing demand for gas chromatography in a variety of end-use industries, such as pharmaceuticals, food and beverage, environmental testing, and petrochemicals. Gas chromatography is used to analyze the composition of drugs and drug products. It is also used to test the purity of drugs and to identify impurities.
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Various governments are making investments for the development of advanced chromatography technologies. In addition, a number of collaborations have been witnessed between research laboratories, and academic institutes since the recent past.
Gas chromatography tests have become highly imperative for drug approvals. The aforementioned factors will augment growth of the global gas chromatography market over the forecast period. Higher growth potential for the market is being observed in emerging countries, because of their rising GDP, along with increasing healthcare spending driven by the large population base.
Key Projections on Future of Global Gas Chromatography Market
- Auto-samplers, and accessories & consumables will emerge as the fastest-selling products in the market, with auto-samplers being more lucrative than the accessories & consumables, in terms of revenues.
- Gas chromatography instruments will remain the most lucrative product, with sales estimated to surpass US$ 1,600 Mn in revenues by 2022-end.
- Oil & gas industries will continue to be the largest end-users in the global gas chromatography market. In addition, revenues from pharmaceutical & biotechnology industries, and oil & gas industries will hold approximately two-third market share during 2017 to 2022.
- North America will retain its dominance in the global gas chromatography market, with sales exhibiting an impressive expansion through 2022. United States is becoming well known for its biopharmaceutical research, and the production of pharmaceutical drugs.
- Geriatric population in North America has been surging, which in turn is driving demand for medicines to treat various diseases. These factors will propel growth of the market in North America.
Key Companies Profiled:
- Agilent Technologies
- DANI Instruments S.p.A
- Thermo Fisher Scientific Inc.
- Merck KGaA
- Restek Corporation
- Shimadzu Corporation
- LECO Corporation
- Perkin Elmer Inc.
- Danaher Corporation
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Key Segments of Gas Chromatography Industry Research:
· By Product:
- Instruments
- Systems
- Auto-samplers
- Fraction collectors
- Detectors
- Consumables & Accessories
- Columns & Accessories
- Fittings & Tubing
- Auto-sampler Accessories
- Flow Management & Pressure Regulator Accessories
- Others
- Reagents
- Analytical Gas Chromatography Reagents
- Bioprocess Gas Chromatography Reagents
· By End User:
- Pharmaceutical & Biotechnology Companies
- Academic & Research Institutes
- Food & Beverage Companies
- Environmental Agencies
- Hospitals & Clinics
- Others
· By Region:
- North America
- Latin America
- Europe
- APAC
- MEA
