With 5.15% CAGR, Gas Chromatography Market Worth will be US$ 3.8 Billion by 2027

IMARC Group has recently released a new research study titled "Gas Chromatography Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

What are the growth prospects of the gas chromatography industry?

The global gas chromatography market reached a value of US$ 2.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2027, exhibiting a CAGR of 5.15% during 2022-2027.

What is a gas chromatography?

Gas chromatography (GC) is the process of analyzing, quantifying, and separating compounds from chemical mixtures. It relies on flame ionization detectors (FIDs) and thermal conductivity detectors (TCDs) to identify trace components and organic and inorganic compounds. It uses carrier gas, including helium, argon, hydrogen, and nitrogen, to transfer the volatile gaseous compounds (VOCs) across the sample injector, flow controller, chromatography column, and detector for data acquisition and analysis. Compared to conventional micro-extraction and electrophoresis separation techniques, it is more cost-effective, reliable, and offers excellent benefits, such as accurate and quick separation and reproducibility. As a result, GC is widely used to test the purity of substances and separate a mixture into its basic components.

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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What are the major market drivers in the gas chromatography market?

The increasing product applications in the pharmaceutical industry represent the primary factor driving the market growth. For instance, the growing usage of GC for drug discovery and separation of compounds from complex mixtures with enhanced precision and accuracy has augmented the product demand. In addition, there has been widespread product adoption in bio-analysis of blood and urine to identify the presence of alcohols, narcotics, barbiturates, and residual solvents and drugs, including anesthetics, antihistamines, anticonvulsants, anti-epileptic drugs, sedatives, and hypnotics. Along with this, the rising applications of GC technique in clinical toxicology, analytical research and development (R&D), quality assurance, and the detection of toxins and venoms have accelerated the product adoption rate. Furthermore, the leading manufacturers are heavily investing in R&D activities to develop advanced product variants with enhanced capability to separate and analyze complex compounds. In line with this, the launch of innovative temperature-programmed chip-based GC systems and novel GC phases with nanoparticles, ionic liquids, and co-polymers that assist in explosive inspection, environmental analysis, identifying unknown samples, and fire investigation have catalyzed the market growth. Besides this, the escalating demand for GC from various industries, such as food and beverage, biotechnology, medical, cosmetics, and oil and gas, is positively influencing the market growth. Other factors, including the expanding bioindustry sector, improving healthcare infrastructure, rising government funding for chromatography techniques, and technological advancements, are also creating a favorable market outlook.

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Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product:

Two-wheelers
Three-wheelers
Four-wheelers
 
Breakup by Vehicle Type:

Passenger LSEV
Heavy-duty LSEV
Utility LSEV
Off-road LSEV

Breakup by Voltage:

24V
36V
48V
60V
72V

Breakup by Battery:

Lithium-Ion Battery
Lead-Acid Battery
Others

Breakup by End User:

Golf Courses
Tourist Destinations
Hotels and Resorts
Airports
Residential and Commercial Premises
Others

By Geography:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

List of Major Key Players:

Agilent Technologies Inc
Bio-Rad Laboratories Inc
Chromatotec
Merck KgaA
PerkinElmer Inc
Phenomenex Inc. (Danaher Corporation)
Restek Corporation
Shimadzu Corporation
Thermo Fisher Scientific Inc
R. Grace and Company
Waters Corporation

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This release was published on openPR.