Chromatography Tubing Market is Forecasted to Reach US$ 120.7 million in 2026, Says Stratview Research

The global chromatography tubing market is projected to witness a growth rate of 5.5% annually from 2021 to 2026, with an anticipated size of US$ 120.7 million by 2026, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global chromatography tubing market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2026: US$ 120.7 million
Growth (CAGR): 5.5% during 2021-2026
Forecast Period: 2021-2026
Trend Period: 2015-2019
Base Year: 2020
Number of Segments Covered: 5
Number of Tables & Graphs: 100+

Segment Insights on the Chromatography Tubing Market:
The global chromatography tubing market is segmented based on product type, material type, technology type, end-user type, and region.

Based on product type - The market is segmented into column tubing, capillary tubing, and autosampler loop tubing. Capillary Tubes Dominated in 2020. These tubes have most of their utilization in connecting different chromatography devices and are used in almost all types of chromatography. It is also expected to be the faster-growing market segment as compared to the autosampler loop tubes and column tubes during 2021-2026, propelled by their extensive usage across all types of chromatography. Autosampler loop tubes are mostly used by the liquid chromatography (LC) instruments, as a result of their high precision and automation features.

Based on the material type - The market is segmented into PEEK tubing, stainless steel tubing, and other tubing. Stainless steel is dominantly used in manufacturing chromatography tubes.
The key factors which makes stainless steel the material of choice are:
• Low cost
• High availability
• Ability to support high pressure
Despite all the above features, stainless steel is a heavy material, which results in increasing the operating costs. Therefore, the manufacturers of chromatography tubes are gradually shifting towards the usage of peek polymer, which not only possesses all the positive qualities of stainless steel but is also an inert and lightweight material, albeit being bit expensive.
Other materials such as titanium and nickel, are also used for manufacturing chromatography tubes, but they are not as widely used as stainless steel and peek polymer.

Based on the end-user type - The market is segmented into biotechnology, pharmaceutical, petrochemical, and others. Pharmaceutical and biotechnology were dominant in 2020, collectively accounting for over 70% of the market. Pharmaceutical application is likely to be the fastest-growing segment owing to the rising investments in the manufacturing of drugs, increasing development of pharmaceutical infrastructure along with the establishment of new medical centers in various parts of the globe.

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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America accounted for the largest market share. This growth outlook is majorly attributed to the following-
- North America had the largest market share in 2020, owing to the presence of a large number of chromatography system manufacturers, component manufacturers, distributors, and raw material suppliers in the region.
- Asia Pacific is estimated to be the fastest-growing region during 2021-2026, due to the large investments in the life science, oil and gas, and agriculture sectors, in recent years. The countries such as China, India, and Japan are expected to contribute majorly to the region's growth. Moreover, big instrument manufacturers such as Shimadzu and Tosoh Bioscience have their headquarters in the Asia-Pacific region.

Chromatography Tubing Market Drivers:

Some of the key drivers listed in the report are given below.
- Technological advancements in chromatography instruments.
- Rising investments in the life science industry.
- Surge in the demand for drug discovery aid the market growth immensely.

Top Companies in the Chromatography Tubing Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• AMETEK.Inc. (Fine Tubes)
• HandyTube
• Molex
• Plymouth Tube Company USA
• Sandvik AB

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Chromatography Tubing Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.