The global Gas Chromatography market is expected to grow at a CAGR of 4.1 percent from USD 2.8 billion in 2020 to USD 3.5 billion in 2025.
The global Gas Chromatography market is expected to grow at a CAGR of 4.1 percent from USD 2.8 billion in 2020 to USD 3.5 billion in 2025. The expanding use of GC-MS, rising crude and shale oil production, rising importance of wastewater treatment, rising food safety concerns, and increased use of chromatography tests in the medication approval process are all driving this market's expansion During the projection period, however, the high cost of Gas Chromatography equipment, geopolitical concerns in some countries, and a scarcity of experienced personnel are projected to limit the market's growth.
“During the predicted period, GC system use is expected to increase.”
Due to factors such as increasing capability to analyze complex compounds, the systems segment of the GC instruments market is predicted to develop at the fastest rate.
“During the forecast period, the columns section will increase at the fastest rate.”
The Gas Chromatography market is classified into columns, columns accessories, autosampler accessories, flow management accessories, consumables & accessories, fittings & tubing, pressure regulators, gas generators, and other accessories based on accessories and consumables. In the worldwide gas chromatography market, the columns segment is expected to hold the highest share. Improvements in gas chromatography columns for the petroleum industry are principally responsible for this segment's substantial share.
“In the end user segment, oil and gas is predicted to rise over the forecast period.”
In the end user market for Gas Chromatography, the Oil and Gas industry is developing at a CAGR of 4.1 percent. Increased crude and shale oil output, as well as enhanced gas chromatography columns for the petroleum industry, are mostly responsible for the growth.
“During the forecast period (2020–2025), the market in North America is expected to develop at the fastest rate.”
The highest share of the worldwide Gas Chromatography market is predicted to come from North America. The increase in R&D investment, cannabis research, the shale oil and gas business, and the food and agricultural industries are all driving market expansion in this region. The Asia Pacific, on the other hand, is expected to develop at the fastest rate during the forecast period. The region's strong growth rate can be attributed to reasons such as Japan's vast generics sales and India and China's growing pharma and biotech sectors.
Key Market Players
Due to the dominance of significant industry participants 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) the GC market is well established (US).
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