Press release
Gas Chromatography Market Size, Share, and Trends 2033
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Gas Chromatography Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $18.04 billion In 2028 At A CAGR Of 23.9% :
The gas chromatography market size has grown strongly in recent years. It will grow from $2.58 billion in 2023 to $2.78 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increased automation, standardization and method development, pharmaceutical and biotechnology applications, food and beverage industry adoption, petrochemical and energy sector utilization.
The gas chromatography market size is expected to see strong growth in the next few years. It will grow to $3.67 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to miniaturization and portability, rise in hyphenated techniques, focus on sustainability, expanding applications in pharmaceutical industry, environmental monitoring needs. Major trends in the forecast period include demand for high-resolution separation, miniaturization and portability, hyphenated techniques, automation and robotics integration, focus on green chemistry.
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Gas Chromatography Market Major Segments
The gas chromatography market covered in this report is segmented -
1) By Instrument: Systems, Auto-Samplers, Faction Collectors, Detectors
2) By Accessories And Consumables: Column, Fittings And Tubing, Auto-Samplers Accessories, Pressure Regulator, Gas Generator
3) By End User: Pharmaceutical And Biotechnology Companies, Academic And Research Institutes, Food And Beverage Companies, Environmental Agencies, Hospitals And Clinics, Other End Users
Key Driver - Rising Pharmaceutical Industry To Drive Market Growth
Rising demand from the pharmaceutical industry is expected to propel the growth of the gas chromatography market going forward. The pharmaceutical industry refers to the drug discovery, development, and manufacture of active ingredients and medications. Gas chromatography helps the pharma industry by separating and detecting the chemical components of a sample mixture to determine their presence or absence and/or quantities. For instance, According to India Brand Equity Foundation, a Trust established by the Government of India, in 2021, the domestic pharmaceutical market in India was $42 billion and is expected to reach $65 billion by 2024. Therefore, the rising demand from the pharmaceutical industry is driving the gas chromatography market.
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Prominent Trend - Technological Advancements Driving Innovation In Gas Chromatography Market
Technological advancement is a key trend gaining popularity in the gas chromatography market. Major companies operating in the gas chromatography market are advancing in their new technologies and research and development in the gas chromatography market. For instance, in March 2022, Thermo Fisher, a US-based manufacturer of scientific instrumentation, reagents, consumables, and software services introduced the TRACE 1600 Series Gas Chromatograph (GC) facilitating faster maintenance procedures with user-exchangeable injector and detector modules. The TRACE 1610 GC enhances the workflow through its advanced multi-functional touch screen with instrument health monitoring. The TRACE 1600 GC offers minimum interaction with the instrument.
Gas Chromatography Market Players
Major companies operating in the gas chromatography market report are Agilent Technologies Inc., DANI Instruments S.p.A, Thermo Fisher Scientific Inc., Merck KGaA, Restek Corporation, Shimadzu Corporation, LECO Corporation, PerkinElmer Inc., Danaher Corporation, Chromatotec Inc., General Electric Company, W. R. Grace & Co.-Conn, Yokogawa India Ltd., Siemens AG, Regis Technologies Inc., Illumina Inc., Xylem Inc., GL Sciences Inc., Scion Instruments, Valco Instruments Co. Inc., Centurion Scientific Limited, SRI Instruments GmbH, Skyray Instrument Inc., E ChromTech Co. Ltd., Trajan Scientific and Medical, Falcon Analytical, PT Besha Analitika, Dynamax Inc., ABB Ltd., Interscience Corporation
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Largest And Fastest Growing Region In The Market
North America was the largest region in the gas chromatography market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gas chromatography market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Gas Chromatography Market Report Structure
3. Gas Chromatography Market Trends And Strategies
4. Gas Chromatography Market - Macro Economic Scenario
5. Gas Chromatography Market Size And Growth
…..
27. Gas Chromatography Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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