Gas Chromatography Market Attractiveness, Competitive Landscape and Forecasts to 2021
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Gas chromatography (GC) is used for analysis and separation of compounds, which are capable of vaporizing without undergoing decomposition. GC is used for testing purity of substances, separating the components in a mixture. Gas chromatography is also being used for preparing pure compounds from mixtures, and identifying the compounds. The forensic science utilizes gas chromatography for analyzing biological specimens, and crime-scene evidences. GC techniques are used for testing the quality of chemical products, and measuring toxicity of substances.
Gas chromatography has been witnessing a rise in adoption among various industrial sectors such as food & beverage, agriculture, oil & gas, and healthcare. GC is also being used in environmental agencies, research organizations, clinical toxicology, and academic institutes. Gas chromatography has been combined with mass spectrometry, denoted as GC-MS, for applications in detection of drugs, explosives investigation, environmental analysis, identifying unknown samples, and fire investigation. Owing to its variety of application, demand for gas chromatography will increase significantly in the foreseeable future. Governments across the globe are making investments in developing advanced chromatography technologies. Over the past few years, a number of collaborations between academic institutes and research laboratories have been witnessed across the globe. Moreover, gas chromatography tests have become imperative for approval of drugs.
6 Key Projections on Future of Global Gas Chromatography Market
1) 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.
2) Gas chromatography instruments will remain the most lucrative product, with sales estimated to surpass US$ 1,600 Mn in revenues by 2022-end.
3) 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.
4) 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.
5) Europe will continue to be the second largest market for gas chromatography throughout the forecast period.
6) Key players listed in Fact.MR’s report on the global gas chromatography market include Danaher Corporation, Perkin Elmer Inc., LECO Corporation, Shimadzu Corporation, Restek Corporation, Merck KGaA, Thermo Fisher Scientific, Inc., DANI Instruments S.p.A, and Agilent Technologies.
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North America’s Dominance in the Global Gas Chromatography Market will Remain Unchallenged through 2022
North America is projected to remain the largest market for gas chromatography, expanding at an impressive CAGR through 2022. In this region, the United States is well known for biopharmaceutical research, and production of pharmaceutical drugs. The number of geriatric population in North America is witnessing a rise, thereby driving demand for different medicines for treatment of different diseases. These factors will drive growth of gas chromatography market in North America. Europe is expected to be the second most lucrative market for gas chromatography over the forecast period.
Accessories & consumables, and auto-samplers are expected to emerge as the fastest-selling products in the global gas chromatography market. Auto-samplers will remain more lucrative than accessories & consumables of gas chromatography, in terms of revenues. Gas chromatography instruments will continue to be the top-selling product, with sales poised to exceed US$ 1,600 Mn by 2022-end. In addition, sales of instruments, and detectors will register a parallel expansion at 5.5% CAGR through 2022.
Oil & gas industries are projected to remain the largest end-users of gas chromatography, in terms of revenues. In addition, revenues from gas chromatography in oil & gas industries, and pharmaceutical & biotechnology industries are estimated to account for nearly two-third share of the market during 2017 to 2022. Pharmaceutical & biotechnology industries will exhibit the fastest expansion as compared to all the other end-users in the market through 2022.
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